Electric Standers Market Report 2031 | The Insight Partners
The Electric Standers Market is expected to register a CAGR of 7.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Half-seated, Upright). The report further presents analysis based on the End User (Hospitals, Rehabilitation Center, Homecare Setting, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Electric Standers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electric Standers Market Segmentation
Type- Half-seated
- Upright
- Hospitals
- Rehabilitation Center
- Homecare Setting
- Others
Strategic Insights
Electric Standers Market Growth Drivers- Rise in aging population: A growing number of aged population is requiring mobility aids that help in enhancing the quality of life for older people. Electric standers are a support for individuals with limited mobility that helps them to get up and move from one place to another, thus making the process easier, thus gaining momentum in the market.
- Advances in Healthcare Technology: Improving assistive technologies such as electric standers are responsible for their adoption. Improved designs, longer battery life, and usability have made electric standers more dependable and comfortable for users, thereby making them more in demand in healthcare facilities as well as among individual consumers.
- Growing awareness in emerging economies: With more and more people being informed and advocating for people with disabilities and rehabilitation needs, the spotlight has shifted towards assistive devices. Electric standers help individuals achieve correct posture management, build up muscular strength, and improve circulation and are, therefore, fast coming to be recognized for their therapeutic value, leading to its greater adoption in hospitals, rehabilitation centers, and even at home.
- Customization and Personalization: There is a growing trend to customized electric standers to meet specific individual needs. The provision for adjustable height and positioning features creates comfort options, thus offering better support for users with different levels of mobility and specific health conditions. Growing number of private manufacturers offering customized standers is propelling the revenue in this market.
- Integration with Digital Health Monitoring: The newer ones are integrating digital health monitoring systems and being designed into electric standers. These record users' movements and posture, physical conditions, and provide valuable data for care providers and healthcare professionals to improve rehabilitation results and modify care in response.
- Portable and Compact Designs: There is increasing demand for lightweight, space-saving, and compact electric standers with ease of storage. It is designed to be foldable and light in weight, which makes it much more suitable for use in home care, rehabilitation centers, or hospitals. Furthermore, the introduction of advanced compavt standers by manufacturers to improve patient's efficiency is impacting the market positively.
- Expansion in Emerging Markets: As access to healthcare increases in emerging markets, the electric stander manufacturers are likely to benefit from emerging opportunities. The disposable incomes are on the rise as more people need mobility assistance devices. Companies can expand their markets by offering their products to these underserved population segments.
- Embracing Growth in Home Care Services: The trend of aging in place and growth of home healthcare services provide an electric stander opportunity. With an increase in the selection of home care instead of institutional care, the mobility aids, such as electric standers, tend to boom. Furthermore, growing room for investments in homecare devices is likely to boost opportunities in this space.
- Associations with Rehabilitation Centers: After collaborating with rehabilitation centers and medical institutions, manufacturers may be able to integrate electric standers in clinical settings. These rehabilitation centers may be able to test and market the benefits of electric standers to promote them in therapeutic and home-based environments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Standers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electric Standers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The electric standers market is estimated to grow with a CAGR of 7.8% from 2023 to 2031.
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The electric standers market majorly consists of players such Heine Invacare Corporation, Sunrise Medical, Arjo Huntleigh among others.
Growing trend towards customizing electric standers are likely to remain the key trend during the forecast period.
The market drivers include increasing number of people with mobility impairments, and advances in technology have enhanced the functionality and comfort of electric standers are driving the Electric standers market.
North America dominated the electric standers market in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Standers Market - By Type
1.3.2 Electric Standers Market - By End User
1.3.3 Electric Standers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC STANDERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ELECTRIC STANDERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC STANDERS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC STANDERS - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC STANDERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ELECTRIC STANDERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HALF-SEATED
7.3.1. Overview
7.3.2. Half-seated Market Forecast and Analysis
7.4. UPRIGHT
7.4.1. Overview
7.4.2. Upright Market Forecast and Analysis
8. ELECTRIC STANDERS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. REHABILITATION CENTER
8.4.1. Overview
8.4.2. Rehabilitation Center Market Forecast and Analysis
8.5. HOMECARE SETTING
8.5.1. Overview
8.5.2. Homecare Setting Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ELECTRIC STANDERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Standers Market Overview
9.1.2 North America Electric Standers Market Forecasts and Analysis
9.1.3 North America Electric Standers Market Forecasts and Analysis - By Type
9.1.4 North America Electric Standers Market Forecasts and Analysis - By End User
9.1.5 North America Electric Standers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Standers Market
9.1.5.1.1 United States Electric Standers Market by Type
9.1.5.1.2 United States Electric Standers Market by End User
9.1.5.2 Canada Electric Standers Market
9.1.5.2.1 Canada Electric Standers Market by Type
9.1.5.2.2 Canada Electric Standers Market by End User
9.1.5.3 Mexico Electric Standers Market
9.1.5.3.1 Mexico Electric Standers Market by Type
9.1.5.3.2 Mexico Electric Standers Market by End User
9.2. EUROPE
9.2.1 Europe Electric Standers Market Overview
9.2.2 Europe Electric Standers Market Forecasts and Analysis
9.2.3 Europe Electric Standers Market Forecasts and Analysis - By Type
9.2.4 Europe Electric Standers Market Forecasts and Analysis - By End User
9.2.5 Europe Electric Standers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Standers Market
9.2.5.1.1 Germany Electric Standers Market by Type
9.2.5.1.2 Germany Electric Standers Market by End User
9.2.5.2 France Electric Standers Market
9.2.5.2.1 France Electric Standers Market by Type
9.2.5.2.2 France Electric Standers Market by End User
9.2.5.3 Italy Electric Standers Market
9.2.5.3.1 Italy Electric Standers Market by Type
9.2.5.3.2 Italy Electric Standers Market by End User
9.2.5.4 Spain Electric Standers Market
9.2.5.4.1 Spain Electric Standers Market by Type
9.2.5.4.2 Spain Electric Standers Market by End User
9.2.5.5 United Kingdom Electric Standers Market
9.2.5.5.1 United Kingdom Electric Standers Market by Type
9.2.5.5.2 United Kingdom Electric Standers Market by End User
9.2.5.6 Rest of Europe Electric Standers Market
9.2.5.6.1 Rest of Europe Electric Standers Market by Type
9.2.5.6.2 Rest of Europe Electric Standers Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Standers Market Overview
9.3.2 Asia-Pacific Electric Standers Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Standers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electric Standers Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Electric Standers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Standers Market
9.3.5.1.1 Australia Electric Standers Market by Type
9.3.5.1.2 Australia Electric Standers Market by End User
9.3.5.2 China Electric Standers Market
9.3.5.2.1 China Electric Standers Market by Type
9.3.5.2.2 China Electric Standers Market by End User
9.3.5.3 India Electric Standers Market
9.3.5.3.1 India Electric Standers Market by Type
9.3.5.3.2 India Electric Standers Market by End User
9.3.5.4 Japan Electric Standers Market
9.3.5.4.1 Japan Electric Standers Market by Type
9.3.5.4.2 Japan Electric Standers Market by End User
9.3.5.5 South Korea Electric Standers Market
9.3.5.5.1 South Korea Electric Standers Market by Type
9.3.5.5.2 South Korea Electric Standers Market by End User
9.3.5.6 Rest of Asia-Pacific Electric Standers Market
9.3.5.6.1 Rest of Asia-Pacific Electric Standers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electric Standers Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Standers Market Overview
9.4.2 Middle East and Africa Electric Standers Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Standers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electric Standers Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Electric Standers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Standers Market
9.4.5.1.1 South Africa Electric Standers Market by Type
9.4.5.1.2 South Africa Electric Standers Market by End User
9.4.5.2 Saudi Arabia Electric Standers Market
9.4.5.2.1 Saudi Arabia Electric Standers Market by Type
9.4.5.2.2 Saudi Arabia Electric Standers Market by End User
9.4.5.3 U.A.E Electric Standers Market
9.4.5.3.1 U.A.E Electric Standers Market by Type
9.4.5.3.2 U.A.E Electric Standers Market by End User
9.4.5.4 Rest of Middle East and Africa Electric Standers Market
9.4.5.4.1 Rest of Middle East and Africa Electric Standers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electric Standers Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Standers Market Overview
9.5.2 South and Central America Electric Standers Market Forecasts and Analysis
9.5.3 South and Central America Electric Standers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electric Standers Market Forecasts and Analysis - By End User
9.5.5 South and Central America Electric Standers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Standers Market
9.5.5.1.1 Brazil Electric Standers Market by Type
9.5.5.1.2 Brazil Electric Standers Market by End User
9.5.5.2 Argentina Electric Standers Market
9.5.5.2.1 Argentina Electric Standers Market by Type
9.5.5.2.2 Argentina Electric Standers Market by End User
9.5.5.3 Rest of South and Central America Electric Standers Market
9.5.5.3.1 Rest of South and Central America Electric Standers Market by Type
9.5.5.3.2 Rest of South and Central America Electric Standers Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC STANDERS MARKET, KEY COMPANY PROFILES
11.1. ACCREA ENGINEERING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ETAC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BEKA HOSPITEC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. AKCES-MED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. APEX HEALTH CARE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ATO FORM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HMS-VILGO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FOSHAN NICE HEALTHCARE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MACKWORTH HEALTHCARE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ISKO KOCH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. MACKWORTH HEALTHCARE
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. NAUSICAA MEDICAL
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. WINNCARE GROUP
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. SILVALEA LIMITED
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. HANDI-MOVE
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ACCREA Engineering
2.Etac
3.BEKA Hospitec
4.Akces-Med
5.Apex Health Care
6.ATO FORM
7.HMS-VILGO
8.Foshan Nice Healthcare
9.Mackworth Healthcare
10.ISKO KOCH
11.Mackworth Healthcare
12.Nausicaa Medical
13.Winncare group
14.Silvalea Limited
15.Handi-Move
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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