Assistive Furniture - Global Market Trajectory & Analytics

Global Assistive Furniture Market to Reach $4.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Assistive Furniture estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027. Beds, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early 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 6.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $731.7 Million, While China is Forecast to Grow at 9.8% CAGR

The Assistive Furniture market in the U.S. is estimated at US$731.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$905.9 Million by the year 2027 trailing a CAGR of 9.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Railings & Bar Segment to Record 5.6% CAGR

In the global Railings & Bar segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$403.1 Million in the year 2020 will reach a projected size of US$572 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$565.5 Million by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 42 Featured):

• Ai Squared
• Bausch & Lomb, Inc.
• Blue Chip Medical Products, Inc.
• Drive Medical Design and Manufacturing
• Exact Dynamics B.V.
• GN ReSound Group
• Inclusive Technology Ltd.
• Invacare Corporation
• Jabbla B.V.B.A.
• Liberator Ltd.
• Medline Industries, Inc.
• Permobil AB
• Siemens Ltd.
• Sonova Holding AG
• Starkey Hearing Technologies
• Sunrise Medical LLC.
• Tobii Dynavox
• Widex Ltd.
• William Demant Holding A/S
• Wintriss Engineering Corporation;