The growing prevalence of musculoskeletal disorders is fueling the growth of the Stairlifts Market. In line with the Global Burden of Disease (GBD) study, in 2017, musculoskeletal conditions were the highest contributor to global disability and around 16% of the patients lived with disability. Moreover, according to the World Health Organization report published in November 2019, the prevalence of musculoskeletal conditions varies by age and diagnosis, and 20 to 33% of individuals across the world suffered from a painful musculoskeletal condition in 2017. Moreover, the rise in the aging population is again anticipated to augment the growth of the market. Based on a United Nations report published in October 2019, there are around 703 million people in the age bracket of 65 or above across the world, and it is expected to attain 1.5 billion by 2050. Moreover, according to the same source, 1 in 6 people in the world is likely to be over the age of 65 by 2050, up from 1 in 11 in 2019.
In March 2019, Yorkshire-based Platinum Stairlifts partnered with mobility retailer Dolphin Mobility Yorkshire and Cumbria to become an important partner for the state launch of the Stairlift
In December 2018, Harmar Mobility LLC and Pride Mobility Products Corporation announced that Harmar had acquired Pride's lifts and ramps product line. This move allows Pride Mobility to help expand focus its efforts on developing consumer-driven mobility products in its scooter, power chair, and lift chair product lines.
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