Specialty Medical Chairs Market Insights, Competitive Landscape and, Market Forecast - 2027

Specialty Medical Chairs Market Insights, Competitive Landscape and, Market Forecast - 2027

SPECIALTY MEDICAL CHAIRS MARKET BY PRODUCT (EXAMINATION CHAIRS [CARDIAC CHAIRS, BIRTHING CHAIRS, BLOOD DRAWING CHAIRS, DIALYSIS CHAIRS, AND OTHERS], TREATMENT CHAIRS [ENT CHAIRS, OPHTHALMIC CHAIRS, DENTAL CHAIRS, AND OTHERS], AND REHABILITATION CHAIRS [GERIATRIC CHAIRS, PAEDIATRIC CHAIRS, BARIATRIC CHAIRS, AND OTHERS]), BY TYPE (ELECTRICAL CHAIRS AND MANUAL CHAIRS), BY END-USER (HOSPITALS & CLINICS, HOMECARE, AND OTHERS), AND BY GEOGRAPHY IS EXPECTED TO ADVANCE AT A RESPECTABLE CAGR FORECAST TILL 2027 OWING TO THE INCREASING NUMBER OF DISABILITY DUE TO THE FACTORS SUCH AS ROAD ACCIDENTS, SPINAL CORD INJURIES, MENINGITIS, AND OTHERS AND ACCELERATING BURDEN OF GERIATRIC POPULATION ACROSS THE GLOBE

The global specialty medical chairs market was valued at USD 4.15 billion in 2021 and will grow at a CAGR of 7.29% during the forecast period from 2022 to 2027 in order to reach USD 6.28 billion by 2027. The specialty medical chairs market is observing a remarkable market growth due to the factors such as the escalating burden of geriatric population and the rising overall patient pool suffering from various ailments such as dental, cardiology, ENT, and others. Additionally, higher demand for automated specialty medical chairs in order to ease the mobility of disable persons will spur the demand of specialty medical chairs in the market. Furthermore, the increasing number of disability owing to various factors such as road accidents, spinal cord injuries, meningitis, and others, increasing product launches and approvals, presence of key players in the market, and others will create a necessity for the specialty medical chairs in the market. Therefore, the market for specialty medical chairs is estimated to grow at a substantial CAGR during the forecast period from 2022 to 2027.

SPECIALTY MEDICAL CHAIRS MARKET DYNAMICS:

One of the key aspect for driving the specialty medical chairs market is the rising number of permanent or temporary disability owing to the increasing road accidents, spinal cord injury, workplace injuries, and others.

For instance, according to the World Health Organization (WHO) 2021, over 1 billion people live with some form of disability, which corresponds to about 15% of the world's population, with up to 190 million people aged 15 years and older having significant difficulties in functioning, often requiring health care services. The number of people with disability are dramatically increasing. This is due to demographic trends and increases in chronic health conditions, among other causes. Almost everyone is likely to experience some form of disability, temporary or permanent, at some point in life. Thus, the increasing temporary or permanent disability across the globe will increase the demand of specialty medical chairs in order to ease the mobility of the patients, thereby leading to the increased market growth of the device in the upcoming years.

Further, the increasing geriatric burden across the globe will aid in propelling the market of specialty medical chairs during the study period (2022 – 2027). As per WHO 2022, in 2020, the number of people aged 60 years and older outnumbered children younger than 5 years, across the globe. The data provided by the above mentioned source estimated that by 2030, one in six people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion, in 2030, worldwide. Moreover, by 2050, the world’s population of people aged 60 years and older will double which is nearly 2.1 billion. The number of persons aged 80 years or older was also provided by the same source, which is expected to triple between 2020 and 2050 to reach 426 million, globally. The increasing elderly population will increase the demand of specialty medical chairs as with age the body gets weak which may leads to temporary or permanent disability, thereby increasing the overall market growth of the specialty medical chairs.

Additionally, the increasing overall patient pool owing to the surging prevalence of various chronic diseases, such as cardiovascular, neurological, ENT related, dental disorders, and others, worldwide. The increasing prevalence of afore-said disorders will increase the demand of specialty medical chairs in healthcare hospitals, clinics, and rehabilitation centers worldwide, such as birthing chair, dialysis chairs, ophthalmic chairs, blood drawing chairs, ENT chairs, dental chairs, rehabilitation chairs, and others.

Therefore, the factors stated above collectively will drive the overall specialty medical chairs market during the forecast period from 2022-2027.

However, the higher cost of advanced specialty medical chairs, lack of knowledge and access to top-notch products to rural or under-developed parts, land others may prove to be challenging factors for specialty medical chairs market growth.

The specialty medical chairs market was moderately impacted during the period of COVID- 19 pandemic. During the initial stage of the pandemic the demand of the specialty medical chairs decreased owing to the impositions of strict lockdown rules in order to curb the transmission of covid-19 infection. Also, the patients visiting the hospitals either for examination or treatment or rehabilitation decreased in order to stop the spread of infection transmission. Moreover, the manufacturing also temporary stopped due to the restrictions in supply chain, raw materials, resources, man-power, and others. However, after the launch of vaccines among the public, and with the ease in lockdown restrictions, the patients visiting the hospitals for the treatment or examination for various diseases increases, leading to the increased of demand of specialty medical chairs. Thus, the above factors increased the demand specialty medical chairs and is anticipated to do the same in the forecast period during 2022 – 2027.

SPECIALTY MEDICAL CHAIRS MARKET SEGMENT ANALYSIS:

Specialty Medical Chairs Market by Product (Examination Chairs [Cardiac Chairs, Birthing Chairs, Blood Drawing Chairs, Dialysis Chairs, and Others], Treatment Chairs [ENT Chairs, Ophthalmic Chairs, Dental Chairs, and Others], and Rehabilitation Chairs [Geriatric Chairs, Pediatric Chairs, Bariatric Chairs, and Others]), Type (Electrical Chairs and Manual Chairs), End-User (Hospitals & Clinics, Homecare, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product segment of the specialty medical chairs market, the dialysis chairs segment is expected to have a significant revenue share in the year 2021. This was primarily owing to the increasing prevalence of chronic kidney diseases (CKD) and increasing number of dialysis.

For instance, as per the data published by National Kidney Foundation, nearly 10% of the population worldwide is affected by chronic kidney disease. Also, according to the data published by Centers for Disease Control and Prevention (CDC) in the year 2022, in 2021, approximately 37 million people in United States had CKD. Additionally, approximately 2 in 1,000 Americans are living with end-stage kidney disease (ESKD), kidney failure that is treated with a kidney transplant or dialysis.

Also, as per the USRDS 2021 report, in 2019, 85% of those with incident ESRD initiated in-center hemodialysis, globally. The increasing number of dialysis will also increase the demand of dialysis chairs.

Further, the consistent technical advancements, such as increased weight capacity and less time required for attaining the Trendelenburg position, are likely to stimulate the demand for dialysis chairs, enabling the segment to retain its leading position during the forecast period.

Therefore, owing to the increasing prevalence of chronic kidney diseases, the demand of the dialysis chairs rises, thereby the category is expected to witness a considerable growth eventually contributing to the overall growth of the global specialty medical chairs market during the forecast period.

NORTH AMERICA IS EXPECTED TO DOMINATE THE OVERALL SPECIALTY MEDICAL CHAIRS MARKET:

Among all the regions, North America is expected to dominate the global specialty medical chairs in the year 2021 and is expected to do the same during the forecast period from 2022-2027.

This can be ascribed to the escalating burden of elderly and bedridden patients, increasing number of disability, increasing overall patient pool, and the presence of key market players in the region will increase the demand of specialty medical chairs in the given forecast period. Further, the well-developed reimbursement systems in the region will also spur the market of specialty medical chairs in the North America during the forecast period.

Also, the increasing spinal cord injury may increase the demand of specialty medical chairs as the chairs could be required in case of any temporary or permanent disability due to the spinal cord injury. For instance, according to the national spinal cord injury statistical center 2019 datasheet, it was stated that the annual incidence of spinal cord injury (SCI) was approximately 54 cases per one million people in the United States, in 2019. This accounts for nearly 17,730 new cases per years suffering from SCI. Also, the source showed that the prevalence of SCI in the United States in 2019, was approximately 291,000 persons. Thus, the increasing SCI in the United States will increase the demand of specialty medical chairs.

Further, as per the Centre for Disease Prevention and Control (CDC) 2020, nearly 13.7 percent of people with a disability have a mobility disability with serious difficulty walking or climbing stairs. The temporary or permanent disability among the people in the region will increase the demand of specialty medical chairs.

Additionally, the rising prevalence of chronic diseases in the region, technological advancement, increase in the number of dental, ophthalmic, and ENT clinics across the region, and the domicile presence of some of the key players in the region are driving the market and responsible for ensuring the dominance of the region.

Therefore, the interplay of the aforementioned factors above would provide a conducive growth environment for the North American region in the specialty medical chairs market.

SPECIALTY MEDICAL CHAIRS MARKET KEY PLAYERS:

Some of the key market players operating in the specialty medical chairs market includes Dentsply Sirona., A-dec Inc., PLANMECA OY, Midmark Corporation., ATMOS MedizinTechnik GmbH & Co. KG, DENTALEZ, Inc., Hill Laboratories Company, Topcon Medical Systems Inc., Rehab Medical, ActiveAid, KaVo Dental, Invacare Corporation., J. MORITA CORP., Narang Medical Limited., SaikangMedical, Champion Manufacturing Inc., REMI GROUP., The Brewer Company, Nox India Corporation., Dentrix Dental Chairs, and others.

RECENT DEVELOPMENTAL ACTIVITIES IN SPECIALTY MEDICAL CHAIRS MARKET:

In January 2022, Invacare Corporation, announced the introduction of a new, narrower version of the Invacare® AVIVA® STORM RX™ rear wheel drive power wheelchair.

In April 2021, A-dec and KaVo, two of the most respected names in the dental industry, announced a new collaboration to deliver premier products and world-class service to dental professionals worldwide.

KEY TAKEAWAYS FROM THE SPECIALTY MEDICAL CHAIRS MARKET REPORT STUDY

Market size analysis for current specialty medical chairs market size (2020), and market forecast for 5 years (2021-2027)

The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the specialty medical chairs market.

Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years

Key companies dominating the global specialty medical chairs market.

Various opportunities available for the other competitor in the specialty medical chairs market space.

What are the top performing segments in 2020? How these segments will perform in 2027.

Which is the top-performing regions and countries in the current specialty medical chairs market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for specialty medical chairs market growth in the coming future?

TARGET AUDIENCE WHO CAN BE BENEFITED FROM THIS SPECIALTY MEDICAL CHAIRS MARKET REPORT STUDY

Specialty medical chairs products providers

Research organizations and consulting companies

Specialty medical chairs -related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in specialty medical chairs

Various end users who want to know more about the specialty medical chairs market and latest technological developments in the specialty medical chairs market.

FREQUENTLY ASKED QUESTIONS FOR SPECIALTY MEDICAL CHAIRS MARKET:

1. What is specialty medical chairs?

The specialty medical chairs are medical equipment that helps patients in improving flexibility or convenience through different surgical procedures. These chairs are brought into practice at the time of examination, therapeutic management, and rehabilitation needs. The chairs are intended to give patients comfort throughout the treatment process, as well as to assist healthcare professionals and physicians in performing the procedure or any other treatment.

2. What is the global market for specialty medical chairs?

The global specialty medical chairs market was valued at USD 4.15 billion in 2021 and will grow at a CAGR of 7.29% during the forecast period from 2022 to 2027 in order to reach USD 6.28 billion by 2027.

3. What are the drivers for global specialty medical chairs market?

The specialty medical chairs market is witnessing a positive market growth owing to the factors such as the escalating burden of geriatric population and the rising overall patient pool suffering from various ailments such as dental, cardiology, ENT, and others. Additionally, higher demand for automated specialty medical chairs in order to ease the mobility of disable persons will spur the demand of specialty medical chairs in the market. Furthermore, increasing number of disability owing to the factors such as road accidents, spinal cord injuries, meningitis, and others, increasing product launches and approvals, presence of key players in the market, and others will create an exigency for the specialty medical chairs market.

4. Who are the key players operating in the global specialty medical chairs market?

Some of the key market players operating in the specialty medical chairs market includes Dentsply Sirona., A-dec Inc., PLANMECA OY, Midmark Corporation., ATMOS MedizinTechnik GmbH & Co. KG, DENTALEZ, Inc., Hill Laboratories Company, Topcon Medical Systems Inc., Rehab Medical, ActiveAid, KaVo Dental, Invacare Corporation., J. MORITA CORP., Narang Medical Limited., SaikangMedical, Champion Manufacturing Inc., REMI GROUP., The Brewer Company, Nox India Corporation., Dentrix Dental Chairs., and others.

5. Which region has the highest share in specialty medical chairs market?

Among all the regions, North America is estimated to amass the significant revenue share in the global specialty medical chairs market. This can be ascribed to the escalating burden of elderly and bedridden patients, increasing number of disability, increasing overall patient pool, and the presence of key market players in the region are the reasons which acts as a supportive factor for the North America specialty medical chairs market growth.


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