Portering Chair Market Is Estimated To Witness High Growth Owing To Rising Demand For Comfortable Patient Transport Chairs

Portering Chair Market 

Portering chairs are a type of patient transport chair that provides safety, comfort and convenience during patient transport within hospitals or other healthcare facilities. These chairs allow patients to be easily moved from one place to another without causing any trouble or pain. They help securely hold patients in an ergonomic position with features like adjustable backrests, armrests and leg supports. The increasing number of patients undergoing medical procedures or hospital admissions has boosted the need for portering chairs that can assist caregivers effectively and comfortably transport patients across departments or rooms.

The global Portering Chair Market is estimated to be valued at US$ 616.09 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Rising demand for comfortable patient transport chairs is one of the major opportunities driving the growth of the Portering Chair Market. With increasing healthcare costs and focus on patient experience, there is growing emphasis on ensuring patients feel secure, protected and comfortable during transportation within healthcare facilities. Portering chairs with ergonomic designs and adjustable features help achieve this by adapting to patients' needs and positioning them properly to avoid injuries, pain or any other issues during transport. Their safe and assisted mode of transportation positively impacts patient recovery and satisfaction levels. This rising demand for enhanced patient comfort and safety during intra-facility transport is anticipated to propel the demand for innovative portering chairs, thus providing lucrative growth opportunities for players in this market.

Porter's Analysis

Threat of new entrants: Low capital requirements and established brand loyalty acts as a barrier for new entrants. However, patent expiration offers opportunities.

Bargaining power of buyers: Buyers have high bargaining power due to availability of alternatives and brand switching.

Bargaining power of suppliers: Suppliers have moderate power due to availability of substitutes and economies of scale of major players.

Threat of new substitutes: Threat is moderate as alternative office furniture are available but portering chairs have established brand identity.

Competitive rivalry: Intense due to brand loyalty, product differentiation and regional presence of key players.

SWOT Analysis

Strengths: Established brands, product innovation, widespread distribution channels and strong R&D.

Weaknesses: High capital investment, pressure on prices and quality standards.

Opportunities: Growth in healthcare and corporate sectors, emerging markets and acquisitions.

Threats: Price wars, stringent regulations and substitute threats.

Key Takeaways

The Global Portering Chair Market Growth is expected to witness high growth over the forecast period driven by increased healthcare and office spending. The global Portering Chair Market is estimated to be valued at US$ 616.09 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.

The North American region currently dominates the market due to higher awareness and per capita healthcare spending. The Asia Pacific region is expected to grow at the fastest pace due to improving access to healthcare infrastructure coupled with rising disposable incomes. China and India are the major markets owing to their huge population base and growing medical device industry. Europe is also an important region driven by healthcare reforms and availability of advanced devices.

Key players operating in the portering chair market are Abbott Laboratories, Pfizer Inc., Abbvie Inc., Biocon, F. Hoffmann-La Roche Ltd., PerkinElmer, Inc., Astrazeneca Plc., Illumina, Inc., Sanofi S.A., Qiagen, Twist Bioscience, Thermo Fisher Scientific Inc., Biointron, Merck & Co., Inc., Sino Biological Inc., GeneWiz (Azenta Life Sciences), Danaher Corporation, and Synbio Technologies.

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