Product Code: GVR-1-68038-657-8
Specialty Medical Chairs Market Growth & Trends
The global specialty medical chairs market size is expected to reach USD 6.05 billion by 2028 registering a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Increasing geriatric population is one of the major factors boosting the product adoption. As per the WHO, it is estimated that from 2025 to 2050, the older population is expected to almost double to 1.6 billion globally. According to The World Bank, the population in the Asia Pacific region is aging rapidly.
More than 211 million people aged 65 years and above were living in East Asia and Pacific in 2010. The older population is expected to grow by 22% every five years in East Asia. This shows the potential demand for geriatric chairs in the coming years. The rising prevalence of lifestyle-associated diseases, such as diabetes, obesity, chronic kidney disease, and Cardiovascular Diseases (CVDs), is also expected to augment the product demand. Furthermore, rising cases of paralysis and spinal injuries are anticipated to contribute to the market growth.
Increasing reimbursement policies and supportive regulatory frameworks in developed nations are also pushing the market growth. For instance, Medicare policies in the U.S. offer reimbursement for equipment, such as wheelchairs, recliners, and others. In addition, key market players are offering customized products to meet the various needs of doctors and patients. Rising demand for new, easy-to-use products with better facilities is expected to provide lucrative opportunities to the market participants.
The examination and treatment rate at dental, ophthalmic, and gynecology clinics has decreased significantly, which can be attributed to the lockdown imposed in various Asian countries due to the pandemic and growing preference for online consultations. Various domestic and international companies are facing major challenges in Japan and China due to the pandemic and the aftermath is expected to continue until the second half of 2021.
Moreover, the healthcare resources are currently directed toward essential medical devices and supplies. It is believed that the outbreak will lead to many changes, including preferences of the general public, leading to a decline in product demand. However, major countries in Asia, such as China and South Korea, are on a steady path to recovery. According to the Asian Development Bank, China's growth is expected to rebound by about 7.3% by 2021.
Specialty Medical Chairs Market Report Highlights
- The rehabilitation product segment held the dominant share of over 40% in 2020 owing to rise in the geriatric population
- In 2020, dialysis chairs held the largest share in the examination product segment owing to the increased prevalence of chronic kidney diseases and rise in funding to centers for better equipment
- The treatment product segment is anticipated to register the fastest CAGR over the forecast period as these products are required for carrying out various treatment procedures, such as dental, and offer better comfort to patients during these procedures
- Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 owing to improving healthcare infrastructure, growing geriatric population, and rising disposable income levels
Table of Contents
Chapter 1 Research Methodology
- 1.1 Region Wise Market Calculation
- 1.1.1 Region wise market: Base estimates
- 1.1.2 Global market: CAGR calculation
- 1.2 Research Scope & Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Specialty Medical Chairs Market Variables, Trends & Scope
- 3.1 Market segmentation & scope
- 3.2 Market Driver Analysis
- 3.2.1 Growing geriatric population
- 3.2.2 Increasing reimbursement policies
- 3.3 Market Restraint Analysis
- 3.3.1 High cost of specialty medical chairs
- 3.4 Key Opportunities Prioritized
- 3.4.1 Key opportunities prioritized, by product
- 3.5 Specialty Medical Chairs - SWOT Analysis, By Factor (political & legal, economic and technological)
- 3.6 Industry Analysis - Porter's
Chapter 4 Specialty Medical Chairs Market: Product Estimates & Trend Analysis
- 4.1 Specialty Medical Chairs Market: Product Movement Analysis
- 4.2 Examination Chairs
- 4.2.1 Examination chairs market, 2016 - 2028 (USD Million)
- 4.2.2 Birthing chairs
- 4.2.2.1 Birthing chairs market, 2016 - 2028 (USD Million)
- 4.2.3 Cardiac chairs
- 4.2.3.1 Cardiac chairs market, 2016 - 2028 (USD Million)
- 4.2.4 Blood drawing chairs
- 4.2.4.1 Blood drawing chairs market, 2016 - 2028 (USD Million)
- 4.2.5 Dialysis chairs
- 4.2.5.1 Dialysis chairs market, 2016 - 2028 (USD Million)
- 4.2.6 Mammography chairs
- 4.2.6.1 Mammography chairs market, 2016 - 2028 (USD Million)
- 4.3 Treatment Chairs
- 4.3.1 Treatment chairs market, 2016 - 2028 (USD Million)
- 4.3.2 Ophthalmic chairs
- 4.3.2.1 Ophthalmic chairs market, 2016 - 2028 (USD Million)
- 4.3.3 ENT chairs
- 4.3.3.1 ENT chairs market, 2016 - 2028 (USD Million)
- 4.3.4 Dental chairs
- 4.3.4.1 Dental chairs market, 2016 - 2028 (USD Million)
- 4.3.5 Others
- 4.3.5.1 Others market, 2016 - 2028 (USD Million)
- 4.4 Rehabilitation Chairs
- 4.4.1 Rehabilitation chairs market, 2016 - 2028 (USD Million)
- 4.4.2 Pediatric chairs
- 4.4.2.1 Pediatric chairs market, 2016 - 2028 (USD Million)
- 4.4.3 Bariatric chairs
- 4.4.3.1 Bariatric chairs market, 2016 - 2028 (USD Million)
- 4.4.4 Geriatric chairs
- 4.4.4.1 Geriatric chairs market, 2016 - 2028 (USD Million)
- 4.4.5 Others
- 4.4.5.1 Others market, 2016 - 2028 (USD Million)
Chapter 5 Specialty Medical Chairs Market: Regional Estimates & Trend Analysis, by Product
- 5.1 Specialty Medical Chairs Market Share by Region, 2016& 2028
- 5.2 North America
- 5.2.1 North America specialty medical chairs market, by country, 2016 - 2028 (USD Million)
- 5.2.2 North America specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.2.3 The U.S.
- 5.2.3.1 The U.S. specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.2.4 Canada
- 5.2.4.1 Canada specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3 Europe
- 5.3.1 Europe specialty medical chairs market, by country, 2016 - 2028 (USD Million)
- 5.3.2 Europe specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3.3 Germany
- 5.3.3.1 Germany specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3.4 The U.K.
- 5.3.4.1 The U.K. specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3.5 France
- 5.3.5.1 France specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3.6 Italy
- 5.3.6.1 Italy specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.3.7 Spain
- 5.3.7.1 Spain specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific specialty medical chairs market, by country, 2016 - 2028 (USD Million)
- 5.4.2 Asia Pacific specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.4.3 Japan
- 5.4.3.1 Japan specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.4.4 China
- 5.4.4.1 China specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.4.5 India
- 5.4.5.1 India specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.5 Latin America
- 5.5.1 Latin America specialty medical chairs market, by country, 2016 - 2028 (USD Million)
- 5.5.2 Latin America specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.5.3 Brazil
- 5.5.3.1 Brazil specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.5.4 Mexico
- 5.5.4.1 Mexico specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.6 MEA
- 5.6.1 MEA specialty medical chairs market, by country, 2016 - 2028 (USD Million)
- 5.6.2 MEA specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.6.3 South Africa
- 5.6.3.1 South Africa specialty medical chairs market, by product, 2016 - 2028 (USD Million)
- 5.6.4 Saudi Arabia
- 5.6.4.1 Saudi Arabia specialty medical chairs market, by product, 2016 - 2028 (USD Million)
Chapter 6 Competitive Landscape
- 6.1 Strategy Framework
- 6.2 Market Participation
- 6.3 Company Profiles
- 6.3.1 A-dec, Inc.
- 6.3.1.1 Company overview
- 6.3.1.2 Product benchmarking
- 6.3.1.3 Strategic initiatives
- 6.3.2 ACTIVEAID, Inc.
- 6.3.2.1 Company overview
- 6.3.2.2 Product benchmarking
- 6.3.3 DentalEZ, Inc.
- 6.3.3.1 Company overview
- 6.3.3.2 Product benchmarking
- 6.3.3.3 Strategic initiatives
- 6.3.4 Fresenius Medical Care AG & Co. KGaA
- 6.3.4.1 Company overview
- 6.3.4.2 Financial performance
- 6.3.4.3 Product benchmarking
- 6.3.4.4 Strategic initiatives
- 6.3.5 Topcon Corporation
- 6.3.5.1 Company overview
- 6.3.5.2 Financial performance
- 6.3.5.3 Product benchmarking
- 6.3.5.4 Strategic initiatives
- 6.3.6 Midmark Corp.
- 6.3.6.1 Company overview
- 6.3.6.2 Product benchmarking
- 6.3.6.3 Strategic initiatives
- 6.3.7 Danaher
- 6.3.7.1 Company overview
- 6.3.7.2 Financial performance
- 6.3.7.3 Product benchmarking
- 6.3.7.4 Strategic initiatives
- 6.3.8 Dentsply Sirona
- 6.3.8.1 Company overview
- 6.3.8.2 Financial performance
- 6.3.8.3 Product benchmarking
- 6.3.8.4 Strategic initiatives
- 6.3.9 Planmeca Oy
- 6.3.9.1 Company overview
- 6.3.9.2 Product benchmarking
- 6.3.10 Hill Laboratories Company
- 6.3.10.1 Company overview
- 6.3.10.2 Product benchmarking
- 6.3.11 Invacare Corporation
- 6.3.11.1 Company overview
- 6.3.11.2 Financial performance
- 6.3.11.3 Product benchmarking
- 6.3.11.4 Strategic initiatives
- 6.4 List of Market Players
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