Fact.MR’s specialty medical chairs industry analysis reveals that the global market was valued at US$ 5 Bn in 2020, and is projected to top US$ 7 Bn by 2031, expanding at a CAGR of 6%. Demand for specialty medical chairs for examination purposes is projected to reach a valuation of US$ 2 Bn by 2031, increasing at a CAGR of 5%, with that for treatment chairs surging at 8%.
Key Market Insights Covered in Specialty Medical Chairs Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Sales of Specialty Medical Chairs and How to Navigate
- Recommendation on Key Winning Strategies
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Consumption Analysis of Specialty Medical Chairs from 2016 to 2020 Vs Demand Outlook for 2021 to 2031
As per the specialty medical chairs industry research by Fact.MR – a market research and competitive intelligence provider, historically, from 2016 to 2020, market value increased at 5% CAGR, where North America, Europe, and Asia Pacific held significant share in the global market.
The growing geriatric population is expected to accelerate the demand for specialty medical chairs over the forecast period. In addition, the introduction of technologically advanced and fully automated medical chairs is anticipated to serve the market with lucrative growth opportunities.
End-Stage Renal Disease (ESRD) regulations state that patients should receive the same type of care and treatment at home as they receive in hospitals, thereby increasing product adoption in homecare. These factors are expected to contribute to the growth of the market in the years ahead.
How is Ease & Manoeuvrability of Specialty Medical Chairs Nudging Market Growth?
Specialty medical chairs help individuals in enhancing mobility or in improving comfort during various surgical operations. Specialty medical chairs can be used at the time of examination and treatment of patients in hospitals, clinics and ambulatory surgical centres. Also, ease and manoeuvrability of specialty medical chairs allows professionals to use them in different fields of healthcare.
Increasing awareness of medical conditions and growing access to medical assistance are key factors driving demand for specialty medical chairs across regions.
In addition, increasing preference for home healthcare is fuelling the growth of this market. Moreover, continuous R&D activities by major players to develop innovative products is expected to boost product sales over the forecast period.
Introduction of technologically advanced and fully automated medical chairs is expected to provide beneficial opportunities for market players in the near future.
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Which Region is Projected to Offer Huge Opportunity for Specialty Medical Chair Manufacturers?
North America holds a dominant market share of over 44%. This can be attributed to increased geriatric population and the presence of a supportive reimbursement structure in the region. Rising prevalence of lifestyle-associated disorders is projected to drive regional market over the coming ten years.
An increase in the number of dental, ophthalmic, and ENT clinics across the U.S. and Canada is also pushing product demand. In addition, presence of key market players and advanced healthcare infrastructure along with high disposable income levels and vast lifestyle changes are contributing to overall growth of the regional market.
Asia Pacific is anticipated to be the fastest-growing regional market over the assessment period, owing to increasing geriatric population, which indicates a substantial socioeconomic burden in this region. An unprecedented increase in the geriatric population is also anticipated to reduce the workforce and increase public healthcare spending in this region, consequentially increasing the adoption of specialty medical chairs.
Furthermore, presence of supportive international organizations such as the United Nations Population Fund, which aims at providing support to developing countries for developing and implementing national strategies and policies, is projected to boost the growth. In addition, rising disposable income and continuous R&D activities by major regional players to develop innovative products are expected to bolster market growth over the coming years.
How is Demand for Specialty Medical Chairs Shaping Up across the U.S?
Demand for specialty medical chairs in the U.S. was estimated at US$ 1.4 Bn in 2020. High demand is owing to rising geriatric population and well-developed reimbursement structure in the country.
In addition, increasing number of dental, ophthalmic, and ENT (ears, nose, and throat) clinics across the U.S. are fuelling demand for specialty medical chairs in the country.
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Why are Rehabilitation Chairs Popular in this Space?
Rehabilitation chairs hold the largest market share of 41%. Rehabilitation chairs include paediatric, bariatric, and geriatric chairs.
Paediatric chairs are used for bathing, positioning, and mobility purposes. Similar functions can be carried out using the bariatric and geriatric chairs, except the weight carrying capacity of these chairs may be higher. Growing geriatric population and rising cases of paralysis and spinal injuries are anticipated to drive the segment over the coming years.
As per WHO, in 2018, studies conducted in Africa stated that between 62.5% and 82.5% of people in need of rehabilitation services do not receive them, which is increasing their demand, and hence, is expected to drive the adoption of rehabilitation services and chairs.
What is the Demand Outlook for Treatment Chairs in the Global Market?
Sales of treatment chairs are anticipated to increase at a lucrative CAGR of 8% during the forecast period. They are an indispensable part of any treatment procedure such as surgeries.
A major benefit associated with these products is that they help patients achieve a comfortable posture, which gives doctors unrestricted access to various parts of the body. This equipment increases safety for both, caregivers and patients, and enhances patient relaxation.
The market for treatment chairs is expected to grow steadily during the analysis period.
How Has COVID-19 Impacted Specialty Medical Chair Sales?
The ongoing global COVID-19 pandemic crashed all markets and businesses around the world. Cancellation of all non-essential services and day-to-day commute services along with lockdowns imposed in a majority of countries has created an environment of ruckus and has adversely affected the world economy.
The pandemic has also majorly affected the healthcare sector. Healthcare infrastructure is focusing on bulk purchase of personal protective equipment (PPEs) and medical ventilators for effective patient treatment. Thus, as professionals are more focused on essential supplies, demand for specialty medical chairs has decreased significantly.
Many local and international medical device manufacturers are investing in this market due to its high growth potential. The competitive milieu has resulted in improved treatment delivery, better products, and increased patient safety.
Most key players focus on mergers & acquisitions, new product development, collaborations & partnerships, and expansion strategies to strengthen their market position.
- In June 2017, Dentsply Sirona entered into a distribution agreement with Henry Schein Canada, Inc. to expand its distribution network in Canada. Rising number of industry participants are expected to intensify market competition over the coming years.
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Specialty Medical Chairs Market Report Scope
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
|Key Countries Covered||
Key Market Segments Covered
Key Companies Profiled
|Customization & Pricing||
Available upon Request
Key Segments Covered in Specialty Medical Chairs Industry Research
- Specialty Medical Chairs for Examination
- Blood Drawing
- Specialty Medical Chairs for Treatment
- Specialty Medical Chairs for Rehabilitation
- Specialty Medical Chairs for Examination
- Specialty Medical Chairs Used in Hospitals
- Specialty Medical Chairs Used in Clinics
- Specialty Medical Chairs Used in Ambulatory Surgical Centres
Specialty Medical Chairs Market- Scope of Report
A recent study by Fact.MR on the specialty medical chairs market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering specialty medical chairs.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing specialty medical chairs, along with their product portfolios, key strategies, and SWOT Analysis, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including revenue growth, and revenue generation across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue of specialty medical chairs market during the forecast period.
Key Questions Answered in Report
- Which are the most lucrative markets for specialty medical chairs?
- Which factors will impact the growth of specialty medical chairs market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the specialty medical chairs industry?
- What are the winning strategies of stakeholders in the market?
Market Size Evaluation
The market has been analysed for each market segment in terms of volume (`000units), and value (US$ Mn).
Market estimates at global and regional levels for specialty medical chairs are available in terms of “US$ Mn” for value and in ‘’’000 units for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the revenue perspective in the global specialty medical chairs market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on revenue for specialty medical chairs have been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for key countries has also been included in the report.
The report sheds light on leading manufacturers of specialty medical chairs, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering specialty medical chairs have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the specialty medical chairs market.
- FAQs -
The global specialty medical chairs market was valued at 5 Bn in 2020 and is anticipated to top 7 Bn by 2031.
North America dominated the global specialty medical chairs market with a share of 44% in 2020. This is attributable to rising geriatric population and well-developed reimbursement structure.
Some of the key players operating in the market include Fresenius Medical Care AG & Co. KGaA, Topcon Corporation, Midmark Corp, Danaher (KaVo Dental GmbH), Dentsply Sirona, and Hill Laboratories Company.
Key factors that are driving market growth include increasing aging population, rising number of dental, ophthalmic, and ENT clinics, and advanced healthcare infrastructure.
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.
Rehabilitation chairs hold the largest revenue share of 41% in the market for specialty medical chairs.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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