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Assistive Furniture - Global Market Trajectory & Analytics

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    Report

  • 542 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302219

FEATURED COMPANIES

  • Invacare Corporation
  • Medline Industries, LP.
  • Permobil
  • Sunrise Medical LLC

Global Assistive Furniture Market to Reach US$5.3 Billion by the Year 2026


Assistive furniture makes quite a difference for individuals with long-term disabilities or injuries and the idea of assistive furniture is to assist individuals in normal day-to-day activities like standing, resting, and sitting with less effort. The category comprises aids and technologies that enable sitting and standing in a secure and safe manner. The aids are essential for enabling people with impaired motor functioning and balance to sit and stand safety. Positioning equipment for instance is essential to ensure equal distribution of body pressure without affecting movement. Assistive furniture comprises aids and devices such as medical beds, riser reclining chairs, railings & bar, and door openers among others. The disabled and elderly assistive technologies in general and furniture in particular is being driven by rising elderly population, rising healthcare costs, and advances in technology. The growth in elderly population is straining healthcare systems across the world. Home-based care is being actively practiced as an alternative to prolonged hospital stays. Technological advances have enabled assistive products to be connected to healthcare networks, and is aiding the shift to home-based care.

Amid the COVID-19 crisis, the global market for Assistive Furniture estimated at US$4.2 Billion in the year 2022, is projected to reach a revised size of US$5.3 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Beds, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Riser Reclining Chairs segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 27% share of the global Assistive Furniture market. Hospital beds are available in a fully electric or manual range that enables the individuals to lower and raise the feet, head, or the entire bed with just a push of the button. Hospital beds or medical beds comprise side rails, spring support, and adjustable foot/headrests, which are a suitable option for individuals who are anticipated to be off their feet for a long time. People who have difficulty getting in and out of traditional chairs, or who simply want a practical chair for their living room, are increasingly turning to riser recliners. An electric rise and recline chair are frequently purchased by those who need greater support when sitting.

The U.S. Market is Estimated at $2.1 Billion in 2022, While China is Forecast to Reach $320.3 Million by 2026


The Assistive Furniture market in the U.S. is estimated at US$2.1 Billion in the year 2022. The country currently accounts for a 51.42% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$320.3 Million in the year 2026 trailing a CAGR of 6.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR while Rest of European market (as defined in the study) will reach US$207.1 Million by the end of the analysis period. Growth in North America region is due to increased demand, the growing geriatric population, and the government`s increased focus on patient safety. Furthermore, well-established distribution channels and technological advancements are the prime factors propelling the growth of the disabled and elderly assistive devices market in the region. Increased disposable income and growing awareness among people regarding the usage and availability of assistive furniture like beds, riser chairs, and door openers are estimated to boost growth in Asia-Pacific region.

Railings & Bar Segment to Reach $1 Billion by 2026


In the global Railings & Bar segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$672.6 Million will reach a projected size of US$917 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$68.3 Million by the year 2026, while Latin America will expand at a 5.1% CAGR through the analysis period.

Select Competitors (Total 156 Featured):

  • Blue Chip Medical Products
  • Drive DeVilbiss Healthcare
  • Invacare Corporation
  • Medline Industries, LP.
  • Permobil
  • Pride Mobility Products Corp.
  • Sunrise Medical LLC

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Invacare Corporation
  • Medline Industries, LP.
  • Permobil
  • Sunrise Medical LLC

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What’s the New Normal?
  • With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • Healthcare Industry Pushed to Adopt Digital Technologies & Innovate to Save Lives amid the Crisis
  • Digital Health Technologies Poised to Break New Grounds Post Pandemic: Global Opportunity in Digital Health (In US$ Billion) for Years 2020, 2022, 2024 and 2026
  • The Pandemic Triggers Shift in Consumer Behaviour & Engagement with Healthcare Technologies & Services
  • Assistive Furniture - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Assistive Technology and Devices Market
  • An Introduction to Assistive Furniture
  • Types of Assistive Furniture
  • Assistive Devices and Furniture Helping Elderly in Times of Need
  • Global Market Prospects & Outlook
  • Recent Market Activity
  • World Assistive Furniture Market by Type (2021 & 2027): Percentage Breakdown of Sales for Beds, Riser Reclining Chairs, Railings & Bar, and Door Openers
  • Analysis by Application: Home Care Dominates the Market
  • World Assistive Furniture Market by Application (2021 & 2027): Percentage Breakdown of Sales for Home Care, Assisted Living Facilities, and Hospitals & Nursing Homes
  • Regional Analysis
  • Increasing Access to Healthcare in Emerging Regions
  • World Assistive Furniture Market: Percentage Breakdown of Sales for Developed and Developing Regions for the Years 2021 & 2027
  • World Assistive Furniture Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Assistive Technology Trends to Impact the Assistive Furniture Market
  • Smart Technologies Integrating Assistive Furniture to Help Elders Lead Better Quality of Life
  • Smart Assistive Sofa for Older Adults Conceptualized
  • Building Assistive Technology Tools to Allow Mobility Impaired People Use a Computer
  • Rising Online Sales of Assistive Furniture Products
  • Assistive Bedside Furniture for Helping Surgical Patients Achieve Early Postoperative Mobilization
  • Smart Wheelchair Technology
  • Healthcare Hubs in the Post-COVID-19 Era
  • Home Health Hub: A Boon for Immobile Patients
  • Coronavirus Pandemic Poses Challenges for Home Healthcare Workers
  • Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Care Market
  • Focus on Reducing Hospital Readmissions Provides Impetus to Home Care Solutions and Assistive Furniture
  • Rapidly Evolving Role of Home Telehealth Instigates Broad-based Opportunities
  • Increase in Number of Fractures and Rise in incidence of Delayed Union & Nonunion Bone Fractures Elevates Demand for Assistive Furniture
  • Select Musculoskeletal Conditions - Percentage Breakdown by Age Group
  • Percentage Share Breakdown of Number of Fractures by Age Group: 2019
  • Rise in Vertebral Fractures to Steer Growth
  • Rising Population of Aged People and their Vulnerability to Chronic Diseases: Strong Business Case for Assistive Living Solutions
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rising Middle Class Population Aids Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Increasing Obesity Levels Propels Market Growth
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Severely Obese Population (in Thousands) Worldwide by Country: 2014 & 2025
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Rising Incidence of Physical Disabilities: A Grim Reality Driving Significance of Assistive Living Technologies
  • Percentage of Population with Disabilities by Age Group
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Assistive Furniture Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 156

A selection of companies mentioned in this report includes:

  • Blue Chip Medical Products
  • Drive DeVilbiss Healthcare
  • Invacare Corporation
  • Medline Industries, LP.
  • Permobil
  • Pride Mobility Products Corp.
  • Sunrise Medical LLC