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Assistive Furniture Market

Assistive Furniture Market

Assistive Furniture Market Analysis By Type (Assistive Beds, Riser Reclining Chairs, Railings & Bars & Door Openers) By End-User and By Region – Global Market Insights 2022 to 2026

Assistive Furniture Market
FACT7603MR
  • Aug-2022
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Healthcare

Assistive Furniture Market Outlook (2022-2026)

The global assistive furniture market currently accounts for a valuation of US$ 4.3 billion and is expected to reach US$ 5.5 billion by the end of 2026. Worldwide demand for assistive furniture is predicted to increase at a CAGR of 6% from 2022 to 2026.

The use of assistive furniture in hospitals is expected to rise at a significant rate over the coming years. The enormous demand for wheelchairs and other mobility equipment for patient mobility in hospitals has propelled the expansion of the market to a great extent.

Report Attributes

Details

Assistive Furniture Market Size (2022)

US$ 4.3 Billion

Projected Market Value (2026)

US$ 5.5 Billion

Global Market Growth Rate (2022-2026)

6% CAGR

Market Share of Beds

40%

Key Companies Profiled

  • GN ReSound Group
  • Liberator Ltd.
  • Siemens Ltd.
  • Blue Chip Medical Products
  • Invacare Corporation
  • Drive DeVilbiss Healthcare
  • Inclusive Technology Ltd.
  • Medline Industries, LP.
  • Permobil
  • Pride Mobility Products Corp.
  • Sunrise Medical LLC
  • AI Squared
  • Bausch & Lomb, Inc.
  • Exact Dynamics B.V.

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Demand Analysis of Assistive Furniture (2017-2021) Vs. Market Outlook (2022-2026)

“Rising Need for Assistive Furniture for Patients Suffering from Poor Balance”

According to Fact.MR, a market research and competitive intelligence provider, global demand for assistive furniture is projected to increase at a CAGR of 6% from 2022 to 2026.

The goal of assistive furniture is to make it easier for people to do everyday activities. The group includes tools and innovations that make standing and sitting safely possible. The aids are crucial for allowing patients with the poor balance to sit and stand safely. For example, positioning equipment is crucial to guaranteeing that body pressure is distributed equally while not impairing movement.

Assistive chairs, assistive beds, wheelchair ramps, rails & bars, and door openers are just a few examples of the assistance and equipment that make up assistive furniture. The ageing population, growing healthcare expenditures, and technological advancements are driving demand for furniture and other assistive equipment for the elderly and disabled.

Assistive furniture market forecast by Fact.MR

Why is There Steady Demand Increase for Assistive Furniture & Devices?

“Continuous Advancements in Assistive Technology to Enhance Functional Abilities of Patients”

The availability of high-tech and functional assistive furniture and a growing population of stroke patients due to an increase in neuromuscular disorders around the world, these factors are likely to contribute significantly to the expansion of the market for assistive furniture.

The frequency of diseases, including spinal cord injury, rheumatoid arthritis, cerebral palsy, and other age-related disabilities is projected to produce a rapid increase in physical disabilities, which is expected to drive up demand for assistive furniture.

Technology that is utilized by people with impairments to maintain or enhance their functional abilities is known as assistive technology. The use of assistive technology facilitates movement and daily tasks, which throughout the projection period will fuel market expansion.

  • By 2030, WHO estimates that more than 2 billion people will need at least one assistive product, such as lift chairs, electric chairs, lift recliners, recliner chairs for seniors, hearing aids, or memory help.

This is mainly because the world's population is becoming older and there are more non-communicable diseases than ever before.

There are various types of assistive devices available to accommodate the various functional skills of people with various disabilities. These gadgets are made to support mobility aids, academic and learning aids, daily living aids, assistive listening and environmental aids, vocational aids, and more.

There is a huge market opportunity for developing and producing affordable assistive technology. The WHO's Priority Assistive Devices List and the Global Cooperation on Assistive Technology (GATE) are promoting access to high-quality, reasonably priced assistive technologies on a global scale. The WHO also helps countries create national programs for assistive technologies

The global market for assistive furniture is growing as a result of the rising frequency of accidents such as car accidents, home accidents, and workplace accidents.

  • Between 20 and 50 million people every year sustain non-fatal injuries, many of which leave their victims permanently disabled, according to a study conducted by the WHO.

As a result, demand for assistive technologies is increasing at a rapid pace across the world.

Non-profit organizations are working to increase the accessibility of assistive technologies by giving them to those who otherwise couldn't afford them. These factors are paving the way for opportunities in the assistive furniture market.

An Adaptive Approach to Modern-day Research Needs

Which Key Challenges are Faced by Assistive Furniture Suppliers?

“Lower Adoption Rates & High Cost of Assistive Furniture”

Low-income households may find it prohibitively expensive to purchase assistive furniture. Possible additional problems include indirect charges and maintenance expenses.

The low degree of acceptance for some products, the expensive cost of a few high-tech items, and the poor reimbursement from health insurance all prevent the market from expanding.

The market growth is anticipated to be constrained by the higher cost of assistive devices over the forecast period. Additionally, lower assistive device adoption rates in developing countries may restrain the assisted living market growth.

Lack of access to assistive technology is caused by several factors, including prohibitively high prices, limited availability, a lack of expertise, a shortage of staff with the necessary education, a lack of governance, and inadequate funding.

Only a small percentage of users have access to the full range of assistive equipment since it is difficult to provide a steady supply of replacement parts and assistive products due to a lack of legislation, funds, logistics, research, or high customs and excise fees.

Where Should New Assistive Furniture Manufacturers Focus?

“New Companies Need to Bring in Advanced & Cost-effective Products”

Aspiring market players are focused on the introduction of advanced and cost-effective products. Strategic relationships with top market competitors are formed by new entrants to establish themselves in the industry.

  • Emovo Care, a Swiss robotics start-up, is creating accessible assistive gadgets to enable people with motor limitations to move around at home. Devices are meticulously created to allow active movement at home while guaranteeing independent use to reach a high level of dignity and self-support.

Which Region is Expected to Lead the Global Assistive Furniture Market?

“Increased Emphasis on Patient Safety by Government Organizations Driving Market Growth in North America”

North America holds the highest share in the assistive furniture market. Rising demand for assistive furniture, an ageing population, and increased emphasis on patient safety by government organizations are all contributing factors to growth in the region.

The increasing adoption of power recliners is driving market growth in the region.

Country-wise Insights

What is Driving U.S. Assistive Furniture Market Growth?

“Increase in R&D Spending for Production of High-end Assistive Furniture”

Expansion of the market in the United States is being driven by a growing prevalence of disabilities, the presence of significant manufacturers, and higher R&D spending for the production of high-end assistive furniture.

The market is growing as a result of the increased use of advanced assistive technologies and rapid integration of healthcare facilities. It is projected that strong government measures to upgrade healthcare facilities through insurance programs will create profitable growth prospects in the country.

How is China Contributing to the Sales of Assistive Furniture?

“Steadily Growing Public Awareness about Assistive Furniture in China”

The assistive furniture market in China is anticipated to rise at a CAGR of 7% from 2022 to 2026.

The market in China is expected to increase as a result of rising disposable income and rising public awareness about the benefits and accessibility of assistive furniture such as beds, riser chairs, and door openers.

The market expansion is being fueled by the presence of a large patient base and advancements in the healthcare infrastructure.

Category-wise Insights

Which Type of Assistive Furniture Accounts for High Revenue Generation?

“Constant Improvements in Bed Features for Patient Convenience”

Based on type, the assistive furniture market is divided into beds, riser reclining chairs, railings & bars, and door openers. Beds account for over 40% share of the global market.

Assistive beds can be entirely motorized or manually operated, allowing patients to easily lower and raise their feet, head, or entire bed with the touch of a button.

Hospital beds or medical beds feature side rails, spring support, and adjustable foot/headrests, making them a good option for people who are likely to be immobile for an extended period.

Which End User Will Emerge as Key Market Contributor?

“Wide Availability of Assistive Furniture for Rehabilitation in Hospitals”

Based on end user, the market is segmented into home care, assisted living facilities, hospitals, and nursing homes. The largest share of the global assistive furniture market is held by hospitals. This is due to a rise in traffic accidents and hospital admissions for the treatment of multiple sclerosis, cerebral palsy, paralysis, stroke, and other illnesses.

A significant setting for the use of assistive technology for the elderly and disabled in hospitals. Along with patients recovering from surgery, those who require mobility aids or who have a handicap brought on by ageing issues may be admitted to the hospital for rehabilitation.

Wheelchairs, walkers, toilet seats, and lifts are just a few examples of the specific equipment available in hospitals that can help with mobility, communication, and safety-related issues.

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Competitive Landscape

To gain a competitive edge and increase market share, manufacturers of assistive furniture are making significant investments in value-added services. Market players are also engaging in a variety of developmental methods such as product launches, collaborations, joint ventures, and mergers.

  • The Right Place has created a cloud-based platform to manage available beds and hasten referral choices using real-time data. The software helps with patient placement and offers analytical data on things such as occupancy, referral volume, and average stay length.

Key Segments in Assistive Furniture Industry Research

  • By Type :

    • Beds
    • Riser Reclining Chairs
    • Railings & Bars
    • Door Openers
  • By End User :

    • Home Care
    • Assisted Living Facilities
    • Hospitals
    • Nursing Homes
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

Currently, the global assistive furniture market stands at US$ 4.3 billion.
Sales of assistive furniture are set to increase at 6% CAGR through 2026.
The U.S., Japan, Canada, Germany, and China are the top 5 countries in the market.
The market for assistive furniture in Canada is set to rise at 5.5% CAGR.
GN ReSound Group, Liberator Ltd., and Siemens Ltd. are key assistive furniture manufacturers.
Worldwide demand for assistive furniture is expected to reach US$ 5.5 billion by 2026.

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