Stair Lifts And Climbing Devices Market is expected to expand at a CAGR of 8.9% from 2021 to 2028
Stair Lifts and Climbing Devices Industry Overview The global stair lifts and climbing devices market size was valued at USD 1.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The market is projected to witness critical growth on account of the rise in the number of injured people and increasing disability in senior adults. According to the world report on disability 2011 by the World Health Organization (WHO), about 15% of the world population is suffering from some form of disability who are in need of mobility aids, which can give independence to people and reduce pain. There are various items such as stair lifts, wheelchairs, and climbing canes that are intended to assist individuals with restricted portability to move around freely and autonomously. These devices are easy to use and provide effective mobility solutions to people. In recent years, stair lifts have become a popular choice for...