ID: MRFR/HC/6151-HCR | February 2021 | Region: Global | 160 pages
The specialty medical chairs market is projected to grow significantly over the forecast period. It is estimated that the specialty medical chairs market is expected to register a CAGR of 6.8% during the forecast period of 2018–2023.
Specialty medical chairs are used for examination, treatment or rehabilitation purpose. These chairs are designed according to the medical needs and comfort of the patient, as well as to offer doctors better access to their patients. These devices can be manual or powered by batteries.
An increasing number of patients requiring treatment and examination favors the growth of the market. Furthermore, the rising geriatric population is expected to favor the growth of the specialty medical chairs market for rehabilitation purpose. According to data published by National Institute on Aging in 2010, 524 million people were aged 65 years or older, which accounted for 8% of the world's population and was expected to nearly triple and reach 1.5 billion, representing 16% of the world's population by 2050. Factors such as restricted access to systems in emerging countries are limiting the growth of the market.
Specialty Medical Chairs Market, Key Players
The specialty medical chairs market is segmented on the basis of product type, application, and region.
The specialty medical chairs market, by product type, is divided into examination chair, treatment chair, and rehabilitation chair. The examination chair segment is further classified into a birthing chair, cardiac chair, blood drawing chair, dialysis chair, and mammography chair. The treatment chair segment is further categorized into ophthalmic chair, ear, nose and throat chair, dental chair, and other surgical chair. The rehabilitation chair is further categorized into geriatric chair, pediatric chair, bariatric chair, and toilet chair.
Based on application, the specialty medical chairs market is segmented into extended medical units, hospitals, and others.
On the basis of region, the specialty medical chairs market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The specialty medical chairs market in the Middle East and Africa has been segmented into the Middle East and Africa.
Market of Specialty Medical Chairs, by Product Type
Market of Specialty Medical Chairs, by Application
Regional Market Summary
Geographically, It is projected that the Americas dominated the specialty medical chairs market owing to the growth of the market in the North American region. This is largely attributed to factors such as the increasing reimbursement policies and supportive regulatory framework in developed nations are pushing the market growth. For instance, Medicare policies in the U.S. offer reimbursement for equipment such as wheelchairs, recliners, and other specialty medical chairs.
Europe is expected to hold the second largest share in the specialty medical chairs market owing to the rising prevalence of lifestyle-associated disorders is increasing the patient base for these products, thereby boosting the market in this region.
Asia-Pacific was projected to be the fastest growing region for the specialty medical chairs market. This owes to the technological advancements resulting in the development of cost-effective specialty medical chairs leading to a high acceptance rate for the devices in the Asia-Pacific region.
The Middle East and Africa holds the least share in the specialty medical chairs market due to the presence of economically diverse countries, and fewer initiatives taken by the government.
Specialty Medical Chairs Market Share (%), by Region, 2017
Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health
Market of Specialty Medical Chairs, by Region
Frequently Asked Questions (FAQ) :
The global specialty medical chairs market is expected to exhibit a strong 6.8% CAGR over the forecast period from 2018 to 2023.
The growing geriatric population is likely to drive the demand from the specialty medical chairs market.
Lack of access to top-notch products is likely to remain a key restraint for the market over the forecast period, especially in developing economies.
The Americas dominate the global specialty medical chairs market due to the widespread adoption of advanced medical technology in the region.
Leading players in the specialty medical chairs market include Dentsply Sirona, DentalEZ Inc., Fresenius, Midmark Corp., Hill Laboratories Company, and Invacare, among others.