The Fact.MR research analysis conducted on the specialty medical chairs market presents detailed insights into factors creating a conducive environment of sales of medical chairs.
Specialty Medical Chairs Sales will total US$ 7 Bn by 2031, Demand in U.S., U.K., Japan to Support Growth
The Fact.MR research analysis conducted on the specialty medical chairs market presents detailed insights into factors creating a conducive environment of sales of medical chairs. The survey also reveals hidden prospects across key segments in terms of product and application.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global specialty medical chairs market reached a valuation of US$ 5 billion in 2020, expanding at a CAGR of 5% between 2016 and 2020, as per an analysis by Fact.MR. In response to the surging number of patients requiring medical treatment and examination, the market for specialty medical chairs is likely to surpass US$ 7 billion, growing at a CAGR of 6% during the forecast period 2021-2031.
Following the rise in prevalence of end-stage renal disease, the demand for specialty medical chairs is expected to soar. According to a report published by the University of Michigan Health, the cases of end-stage renal disease in the U.S. reached 746,557, with 124,500 new cases registered in 2017.
The regulations of end-stage renal disease state that patients should receive the same type of and treatment care at home as they receive in clinics and hospitals. Thus, increasing cases of the disease coupled with the growing population aged 65 years and above are fuelling the demand for specialty medical chairs for homecare application.
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Fact.MR has forecast the demand for rehabilitation chairs to outpace other product categories within the market. The rising cases of spinal injuries and paralysis and increasing use of pediatric chairs for positioning, bathing, and mobility purposes will tip scale in favor of rehabilitation chair sales. As per the report, the segment will account for a share of nearly 41% in the global market by 2021.
“Manufacturers are aiming at offering customized products to address the varying needs of patients and clinicians. Besides this, some of the industry players are increasingly emphasizing on research and development (R&D) initiatives to offer innovative solutions. These developments are projected to bode with for the market, creating opportunities for growth,” says the Fact.MR analyst.
Key Takeaways from Specialty Medical Chairs Market Study
- North America is expected to dominate the global market, accounting for 44% of the revenue share, where the U.S. contributing around US$ 1.4 billion to the regional market.
- Owing to the high prevalence of lifestyle-associated disorders and favorable reimbursement policies, the market specialty medical chairs in the U.K. is likely to project a steady growth.
- China is estimated to emerge as a lucrative market, owing to the increasing number of ophthalmic, dental, and ear, nose, throat (ENT) clinics in the country.
- Japan, home to the highest percentage of aged populated across the world, is projected to exhibit a swift growth over the forecast period.
- Based on the product type, the demand for treatment chairs is expected to expand at a robust CAGR of 8% through 2031.
Key Drivers
- Growing prevalence of spinal injuries, paralysis, and end-stage renal disease is fueling the demand for specialty medical chairs.
- Increasing number of people aged 65 and above, who are more vulnerable to chronic ailments, is expected to drive the market growth.
- Favorable regulations and reimbursement policies favoring the use of specialty medical chair in homecare are spurring the sales of specialty medical chairs.
Key Restraints
- High cost of specialty medical chairs is a factor hampering the market growth.
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Competitive Landscape
Some of the leading market players are focusing on engaging into strategic collaboration, agreement, merger & acquisition to expand their market share. For instance,
- In June 2017, Dentsply Sirona, an American dental equipment manufacturer entered into a distribution agreement with one of the leading global distributor of health care products and services, Henry Schein Canada, Inc.. The agreement will assisting the company in expanding its distribution network in Canada.
- In May 2021, A-Dec. Inc, a dental office furniture and equipment manufacturer announced collaborating with a dental products manufacturer, KaVo to provide premier products and service to dental professionals across the globe.
Some of the prominent players in the specialty medical chairs market profiled by Fact.MR are:
- Dentsply Sirona
- Danaher (KaVo Dental GmbH)
- Fresenius SE & Co. KGaA
- A-DEC, Inc.
- ACTIVEAID Inc.
- DentalEZ, Inc.
- Topcon Medical Systems Inc.
- Midmark Corp.
- PLANMECA OY
- Hill Laboratories Company
- Forest Dental Products Inc.
- Invacare Corporation
- Rehab Seating Systems Inc.
More Valuable Insights on Specialty Medical Chairs Market
Fact.MR, in its new report, offers an unbiased analysis of the global specialty medical chairs market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the specialty medical chairs market with detailed segmentation:
- By Product
- Specialty Medical Chairs for Examination
- Birthing
- Cardiac
- Blood Drawing
- Dialysis
- Mammography
- Specialty Medical Chairs for Treatment
- Ophthalmic
- ENT
- Dental
- Specialty Medical Chairs for Rehabilitation
- Paediatric
- Bariatric
- Geriatric
- Specialty Medical Chairs for Examination
- By Application
- Specialty Medical Chairs Used in Hospitals
- Specialty Medical Chairs Used in Clinics
- Specialty Medical Chairs Used in Ambulatory Surgical Centres
Key Questions Covered in the Specialty Medical Chairs Market Report
- The report offers insight into specialty medical chairs demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the specialty medical chairs market between 2021 and 2031
- Specialty medical chairs market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Specialty medical chairs market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
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Source: Fact.MR