Saudi Arabia Stair Lifts And Climbing Devices Market Size & Outlook
Saudi Arabia stair lifts and climbing devices market, 2018-2030 (US$M)
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Saudi Arabia stair lifts and climbing devices market highlights
- The Saudi Arabia stair lifts and climbing devices market generated a revenue of USD 24.9 million in 2023 and is expected to reach USD 43.4 million by 2030.
- The Saudi Arabia 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.
Stair lifts and climbing devices market data book summary
| Market revenue in 2023 | USD 24.9 million |
| Market revenue in 2030 | USD 43.4 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair Climbing Wheelchair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.2% of the global stair lifts and climbing devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 19.2 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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Saudi Arabia 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 57.83% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia has the largest market of stair lifts & climbing devices in MEA. The Middle East and North Africa's healthcare systems are under strain due to increased population growth and rising prevalence of lifestyle diseases.
For example, Saudi Arabia is among the countries with the highest healthcare expenditure in the region. According to World Bank, the healthcare expenditure in Saudi Arabia increased from 5.84% of the GDP in 2016 to 6.36% in 2018.
Saudi Arabia's life expectancy has grown by about 35 years in the last half-century from 42 in 1950 to 72 in 2014. Owing to its aging population and high per capita spending among the elderly, Saudi Arabia has been compelled to reconsider reforms to its healthcare system.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
Saudi Arabia Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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