Transport Chairs Market Growth & Trends
The global transport chairs market size is expected to reach USD 1.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.7% from 2022 to 2030. The transport chairs are equipment that is used to move patients with physical disabilities. There are many different features and attachments available for chairs, including cup holders, footrests, armrests, bags, totes, and pouches. The growing prevalence of osteoporosis and arthritis in adults is one of the major factors anticipated to propel the market. In addition, the growing geriatric population is anticipated to promote industry expansion. In the United States, there are more than 50 million senior citizens, or 16.5% of the population.
It is anticipated that the geriatric population in some Asian and Latin American nations will be quadrupled by 2050. The frame materials used for manufacturing transport chairs are generally of two types: aluminum and steel; out of which, aluminum is mostly used because of its better qualities like low weight, high malleability, and ductility. In healthcare facilities, the industry is expected to serve as a key revenue-generating center. Healthcare facilities are backed by hospitals, nursing homes, and specialty clinics, where the requirement for patient transportation equipment is increasing due to the rising number of geriatric patients and cases of accidents, arthritis, and osteoporosis.
The onset of the pandemic adversely affected the medical devices supply chain. Persons with disabilities were disproportionately affected by the health, social and economic impacts of COVID-19, as outlined by the Secretary-General of WHO in his policy brief A Disability-Inclusive Response to COVID-19. However, all those months witnessed high demand for patient transportation in hospitals and other healthcare facilities as the geriatric and disabled population was more vulnerable to COVID-19 and had to undergo various treatments. Although the medical devices supply chain was affected badly and it was difficult to meet the increased demand, the industry managed to meet the demands successfully.
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Transport Chairs Market Report
Transport Chairs Market Report Highlights
- The aluminum segment dominated the market in 2021 and is estimated to expand further retaining its position throughout the forecast period
- It is one of the most popularly used frame materials for transport chairs
- The geriatric population segment is projected to register the fastest CAGR over the forecast period
- This growth can be attributed to a rise in the product usage for patient transportation, such as in healthcare facilities
- The healthcare facilities segment dominated the market in 2021 owing to the increasing product requirement due to high patient admission volume
