Specialty Medical Chairs Market Overview
The global specialty medical chairs market is projected to display 6.8% CAGR from 2018 to 2023 (forecast period). Rising number of patients requiring examination and diagnosis can spur the market demand. The surge in the geriatric populace is another major market driver. According to the National Institute on Aging in 2010, the population of people above 65 can reach 1.65 billion by 2050. This can provide plenty opportunities to medical equipment manufacturers. Increasing cases of obesity and laparoscopy surgeries can propel the market demand considerably. Advances in healthcare have warranted the need for sophisticated healthcare equipment which can be used in rapid diagnosis and culminate in successful outcomes.
Specialty medical chairs are furniture used for examination, treatment, and rehabilitation purposes. These chairs are used by doctors to keep patients at ease as well as give a vantage point for accurate diagnosis. They can be manual or electric. The growth in the geriatric populace is one of the biggest factors triggering the demand for special medical chairs. The global Specialty Medical Chairs Market report by Market Research Future (MRFR) provides a granular analysis of the trends and segments with regional insights.
The large volume of patients and introduction of automated chairs for the examination of new diseases can drive the global specialty medical chairs market. Home care is expected to provide plenty of opportunities to the market as evident with the Medicare policy which states that patients with end-stage renal disease (ESRD) can avail the same treatment at home as they do at hospitals. The global specialty medical chairs market is projected to see exponential growth owing to the rising prevalence of obesity and a growing number of laparoscopic surgeries performed. Other primary factors, such as innovation in the field of healthcare and acceptance of progressive equipment by healthcare establishments, also drive the growth of the industry. In fact, the advent of technically developed and fully autonomous medical chairs is projected to provide attractive prospects for the industry. Key players offer tailor-made chairs to meet the needs of patients & clinicians in the examination and treatment of various diseases, thus driving market growth over the forecast period. Increasing reimbursement policies and the supporting regulatory framework are also fueling the overall market growth.
Specialty Medical Chairs Market Segmentation
The global specialty medical chairs market, as MRFR experts suggest, has been segmented that includes product type and application. This is to provide right insights to the players who are on a path to develop better strategies and increase their profit margins. These insights have the backing of factor and figure analyses, which make it more credible.
- By product type, the global market for specialty medical chairs can be segmented into treatment chair, examination chair, and rehabilitation chair. The examination chair segment includes cardiac chair, blood drawing chair, dialysis chair, birthing chair, and mammography chair. The treatment chair segment encompasses dental chair, ear, nose and throat chair, ophthalmic chair, and other surgical chair. The rehabilitation chair comprises pediatric chair, bariatric chair, geriatric chair, and toilet chair.
- By application, the global study on the specialty medical chairs market has been segmented into extended medical units, hospitals, and others. Better investment possibilities would drive the hospitals segment ahead. It would also gain much from the infrastructural advantages.
Specialty Medical Chairs Market Regional Analysis
On a global basis, it is projected that the specialty medical chairs market in the Americas will dominate the industry during the forecast era. This growth can be attributed to an increase in the geriatric population and a well-developed reimbursement mechanism, which contributes to the overall revenue in this area. The North American region has a large share of the consumer economy. This is primarily due to factors such as the growing policy of reimbursement and enabling regulatory structure in developed nations that drive demand growth. In addition, the rising incidence of chronic diseases and high inpatient visits are also driving the development of the Specialty Medical Chairs market in North America. The growing prevalence of lifestyle-associated disorders raises the consumer pool for these drugs and thus boosts the demand in this area. Growing the number of dental, ophthalmic, and ENT clinics throughout the United States and Canada is driving demand for specialty medical chairs. Moreover, the presence of key market players, advanced healthcare infrastructure, an increase in the geriatric population, high disposable incomes, and profound changes in lifestyle contribute to the overall growth of the industry.
Asia Pacific market is projected to rise at an accelerated rate due to the increasing geriatric population, suggesting a sizeable socioeconomic strain in this market. It is anticipated that an unprecedented increase in the older population will reduce the workforce and increase public health care spending in this region, thereby increasing the adoption of specialty medical chairs.
Driven by the growing prevalence of lifestyle-associated disorders, Europe is projected to have the second-largest share in the specialty medical chairs industry, raising the customer pool for these products and thereby improving the demand in this region. Moreover, another business influencing force is the involvement of supporting foreign organizations which seek to assist developing countries in designing and adopting national strategies and policies. The presence of tremendous untapped opportunities, rising disposable income, and ongoing R&D activities by major players to develop innovative products are projected factors that will boost the market growth in the coming years.
Owing to the prevalence of economically diverse nations, the Middle East and Africa have the least share in the global specialty medical chairs industry and fewer policy interventions.
Specialty Medical Chairs Market Players
- Fresenius SE & Co. KGaA
- A-DEC, In
- ACTIVEAID, Inc
- PLANMECA OY
- DentalEZ, Inc
- Topcon Medical Systems, Inc.
- Dentsply Sirona
- Danaher (KaVo Dental GmbH)
- Midmark Corp.
- Hill Laboratories Company
- Invacare Corporation
- Forest Dental Products, Inc.
- Rehab Seating Systems, Inc.
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