Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global specialty medical chairs market is expected to reach $5 billion in 2020, growing at a CAGR of 5% between 2016 and 2020.
Rehabilitation chairs to Capture 41% of the Global Specialty Medical Chairs Market Share
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: According to Fact.MR, the global specialty medical chairs market is expected to reach $5 billion in 2020, growing at a CAGR of 5% between 2016 and 2020. The specialty medical chairs market is expected to exceed US$ 7 billion by 2021, rising at a CAGR of 6% over the forecast period 2021-2031, in response to the increased number of people seeking medical treatment and examination.
The demand for specialty medical chairs is predicted to increase as the frequency of end-stage renal disease rises. According to a report published by the University of Michigan Health, the number of people living with end-stage renal disease in the United States reached 746,557 in 2017, with 124,500 new cases.
Patients with end-stage renal illness should receive the same type of and treatment care at home as they do in clinics and hospitals, according to regulations. As a result, rising incidences of the condition, combined with a growing population of people aged 65 and up, are driving up demand for specialty medical chairs for homecare use.
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According to Fact.MR, demand for rehabilitation chairs will outstrip demand for other product categories in the market. The growing number of cases of spinal injuries and paralysis, as well as the growing use of pediatric chairs for positioning, bathing, and mobility, will tilt the scales in favor of rehabilitation chair sales. According to the analysis, the category will account for about 41% of the global market by 2021.
“Increasing technological product innovation will raise demand for specialty medical chairs in the healthcare industry over the coming years,” says a Fact.MR analyst.
Key Takeaways:
- In 2020, the global market for specialty medical chairs was forecast to be worth $5 billion, and by 2031, it is expected to be worth $7 billion.
- North America has a % revenue share of the specialty medical chair industry.
- Increased ageing population, increased number of dental, ophthalmology, and ENT clinics, and advanced healthcare infrastructure are all driving market expansion.
- Rehabilitation chairs account for 41% of the market.
- Treatment chair demand is expected to grow at an annual rate of 8% over the next 10 years.
- In 2020, demand for specialty medical chairs in the United States is expected to exceed US$ 1.4 billion.
Key Drivers
- The demand for specialty medical chairs is increasing due to the rising occurrence of spinal injuries, paralysis, and end-stage renal disease.
- The market is predicted to develop due to an increase in the number of people aged 65 and up who are more susceptible to chronic illnesses.
- Sales of specialty medical chairs are being boosted by favorable rules and reimbursement policies that encourage the use of specialty medical chairs in homecare.
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