The Global Specialty Medical Chairs Market size is expected to reach $6.3 billion by 2028, rising at a market growth of 8.8% CAGR during the forecast period.
Specialty medical chairs are chairs that are designed to give patients and healthcare practitioners more flexibility and comfort during surgical procedures. These chairs are used for examinations, treatments, and rehabilitation and they are often operated manually or with batteries. Pediatric, bariatric, and geriatric chairs are some of the most often used specialist medical chairs. Birthing, mammography, dialysis, diagnosis, and treatment of illnesses are all done on these chairs. They are typically fitted with swing-away arms, height-adjustable sitting systems, and easy-to-clean surfaces, as well as being extremely cost-effective, robust, and low-maintenance.
These gadgets are either manually controlled or battery operated. They're employed in ambulatory surgical centers, clinics, hospitals, and a variety of other settings. Examination chairs (birthing chairs, cardiac chairs, blood drawing chairs, dialysis chairs, mammography chairs), treatment chairs (ophthalmic chairs, ENT (ear, nose, and throat) chairs, dental chairs, and other surgical chairs), and rehabilitation chairs are just a few examples of specialty medical chairs (geriatric chair, pediatric chair, bariatric chair, toilet chair). A birthing chair is a gadget that assists a woman in maintaining a physiological upright position while giving birth. A cardiac chair is a sort of medical chair that aids in the recovery of people recovering from heart surgery or respiratory illnesses. For a variety of medical purposes, the blood drawing chair is used to take blood samples. All other specialist chairs, like this one, have their own function and significance.
As the older population grows, so will the demand for specialty medical chairs. Product demand will be boosted as the target population grows. Furthermore, the emergence of technologically improved and fully automated medical chairs is expected to provide attractive growth possibilities for the market.
The COVID-19 pandemic had an impact on a variety of sectors around the world. The specialty medical chairs supply chain has been affected by stay-at-home requirements, transit bans, and a labor shortage. In the US, the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) added Section 506J to the Federal Food, Drug, and Cosmetic Act (FD&C Act) in 2020, giving the FDA the authority to prevent or mitigate negative public health consequences of medical device supply chain disruptions during public health emergencies like the COVID-19 pandemic. Due to a shortage of medical gadgets, the COVID-19 pandemic initially impacted the transport chair business. The demand for transport chairs and other mobility equipment in hospitals and healthcare facilities has increased as the number of patients has increased.
One of the key elements driving product adoption is the growing geriatric population. According to the WHO, the global elder population is anticipated to nearly treble to 2.1 billion people between 2025 and 2050. 80 percent of these people will be living in low- and middle-income countries. The Asia Pacific region's population is rapidly aging, according to the World Bank. In 2010, East Asia and the Pacific had a population of over 211 million persons aged 65 and up. In East Asia, the senior population is predicted to increase by 22% per five years. This demonstrates the potential for geriatric chairs to be in high demand in the coming years.
In developed countries, increasing reimbursement policies and supporting regulatory frameworks are also driving market expansion. In the United States, for example, Medicare regulations reimburse for equipment such as wheelchairs, recliners, and other such items. Furthermore, prominent market participants are providing customized products to fulfill the needs of doctors and patients. Market participants should expect lucrative prospects as demand for innovative, easy-to-use goods with enhanced features grows. According to the latest OECD forecasts, the average health expenditure increase will be approximately 3.3 percent in 2019, while health spending as a percentage of GDP will be around 8.8 percent, which is similar to recent years.
Health professionals are essential for expanding health service coverage and attaining the right to the highest possible standard of health; their availability, accessibility, acceptability, and quality are all dependent on them. By 2030, WHO anticipates that 18 million health workers would be needed, largely in low- and lower-middle-income countries. However, countries at all stages of socioeconomic development face challenges in terms of workforce employment, education, deployment, retention, and performance. Continuous shortages are exacerbated by chronic underinvestment in health worker education and training in some countries, as well as a mismatch between education and employment plans in relation to health systems and population demands.
Based on Product, the market is segmented into Rehabilitation (Geriatric, Bariatric, Pediatric, and Others), Treatment (Dental, Ophthalmic, ENT, and Others), and Examination (Dialysis, Blood Drawing, Mammography, Cardiac, and Birthing). The rehabilitation segment acquired the highest revenue share in the specialty medical chairs market in 2021. Rehabilitation chairs include bariatric, pediatric, and geriatric seats. Pediatric chairs are among the items used for bathing, positioning, and movement. The bariatric and geriatric chairs can perform similar activities, with the exception that the weight and carrying capacity of these chairs may be larger.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 3.5 Billion |
| Market size forecast in 2028 | USD 6.3 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.8% from 2022 to 2028 |
| Number of Pages | 250 |
| Number of Tables | 480 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. This expansion might be attributed to the growing senior population and the availability of a favourable reimbursement scenario. During the forecast period, the regional market is expected to be driven by the increased prevalence of lifestyle-related illnesses. Product demand is also being pushed by an increase in the number of dental, ophthalmology, and ENT clinics across the United States and Canada.
Free Valuable Insights: Global Specialty Medical Chairs Market size to reach USD 6.3 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Topcon Corporation, Dentsply Sirona, Inc., Danaher Corporation, Fresenius SE & Co. KGaA, A-dec, Inc., DentalEZ, Inc., ActiveAid, LLC, Midmark Corporation, Planmeca Oy, and Hill Laboratories Company.
By Product
By Geography
The global specialty medical chairs market size is expected to reach $6.3 billion by 2028.
Growing Geriatric Population Across the World are driving the market in coming years, however, Lack of Skilled Healthcare Workers limited the growth of the market.
Topcon Corporation, Dentsply Sirona, Inc., Danaher Corporation, Fresenius SE & Co. KGaA, A-dec, Inc., DentalEZ, Inc., ActiveAid, LLC, Midmark Corporation, Planmeca Oy, and Hill Laboratories Company.
The expected CAGR of the specialty medical chairs market is 8.8% from 2022 to 2028.
The demand for transport chairs and other mobility equipment in hospitals and healthcare facilities has increased as the number of patients has increased.
The North America market dominated the Global Specialty Medical Chairs Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.45 billion by 2028.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
