Middle East & Africa Stair Lifts And Climbing Devices Market Size & Outlook
Middle East & Africa stair lifts and climbing devices market, 2018-2030 (US$M)
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MEA stair lifts and climbing devices market highlights
- The MEA stair lifts and climbing devices market generated a revenue of USD 123.2 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, stair lifts was the largest revenue generating devices in 2023.
- Stair Climbing Wheelchair is the most lucrative devices segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 123.2 million |
| Market revenue in 2030 | USD 213.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair Climbing Wheelchair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stair lifts, Stair Climbing Wheelchair |
| Key market players worldwide | Thyssenkrupp AG, Platinum Stairlifts, Bruno Independent Living Aids, American Elevator Group, Precision Stairs, Stannah Stairlifts, Handicare Stairlifts, Acorn Stairlifts, Harmar, Savaria Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.8% of the global stair lifts and climbing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 868.5 million by 2030.
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Stair Lifts And Climbing Devices Market Scope
Stair Lifts And Climbing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa stair lifts and climbing devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stair lifts and climbing devices market will help companies and investors design strategic landscapes.
Stair lifts was the largest segment with a revenue share of 57.71% in 2023. Horizon Databook has segmented the Middle East & Africa stair lifts and climbing devices market based on stair lifts, stair climbing wheelchair covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA accounted for 5.1% of the global stair lifts and climbing devices market in 2022. The region is among the key emerging markets for medical devices. A growing population and increasing efforts by governments to increase access to healthcare are expected to attract global medical device companies looking to enter this market.
Improving healthcare expenditure, rising geriatric population, and growing cases of disabilities are expected to boost the market over the forecast period. These trends pose significant difficulties to national and community-based healthcare systems. However, with forethought, solid economic policies, and political stability, the existing population structure in MEA may be converted into a demographic advantage.
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Target buyers of Middle East & Africa stair lifts and climbing devices market databook
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Our clientele includes a mix of stair lifts and climbing devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa stair lifts and climbing devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA stair lifts and climbing devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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