Market revenue in 2023 | USD 17.1 million |
Market revenue in 2030 | USD 25.6 million |
Growth rate | 5.9% (CAGR from 2023 to 2030) |
Largest segment | Bath lifts |
Fastest growing segment | Bath Lifts |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Shower Chairs and Stools, Bath Lifts, Toilet Seat Raiser, Commodes, Handgrips and Grab Bars, Bath Aids |
Key market players worldwide | Getinge AB ADR, Carex Health Brands, Prism Medical, Sunrise Medical, Savaria Corp, Bischoff & Bischoff, Invacare, Etac AB, Graham - Field Health Products |
Bath lifts was the largest segment with a revenue share of 19.88% in 2023. Horizon Databook has segmented the Sweden bathroom and toilet assist devices market based on shower chairs and stools, bath lifts, toilet seat raiser, commodes, handgrips and grab bars, bath aids covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare system in Sweden spends more on healthcare than any other European country, i.e., around 11% of the total GDP was spent on healthcare in 2022. According to the Swedish Institute’s article in 2021, nearly 2 million people in Sweden are aged over 65, representing 20% of the current population.
Moreover, the percentage is expected to reach 23% by 2040. According to a similar source, it was also mentioned that Sweden boasts the world's highest life expectancy, reaching 80.6 years for men and 84.29 years for women. Over 5% of the country’s population is aged 80 and above.
In addition, in 2021, nearly 255,000 people needed home help in the country. Furthermore, elderly care is largely aided by the government through the Social Services Act, which is expected to boost the demand for mobility devices in the country.
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