Global Specialty Medical Chairs Market by Product (Rehabilitation Chairs, Examination Chairs, Treatment Chairs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global specialty medical chair market was valued at USD 2.51 million in 2020. It is forecast to grow at a compound annual rate (CAGR of 7.5%) over the forecast period. Over the forecast period, the growing number of geriatrics is expected to increase the demand for specialty-medical chairs. A U.S. Census Bureau report states that the country's 65-year-old population is expected to rise to over 98 millions by 2060. The growing target population will increase product demand. Market growth is expected to be driven by this increased demand over the forecast period. The market will also benefit from the introduction of fully-automated, technologically advanced medical chairs.

The market is dominated by key players that offer customized products that meet the needs of clinicians and patients. The market is expected to be driven by this product over the forecast period. The overall market growth is being driven by supportive reimbursement policies and the amending regulatory frameworks. According to the Medicare Benefit Policy Manual Chapter 11, a recliner (an adjustable chair) is included in the Medicare rate paid to dialysis clinics.

End-Stage Renal Disease regulations (ESRD), state that patients must receive the same care and treatment at home as in hospitals. This increases home-care product adoption. These factors will also contribute to the market growth for specialty medical chairs. All markets and businesses worldwide were affected by the recent global pandemic. The global pandemic caused chaos and adversely affected the economy by causing the cancellation of all non-essential services, day-to-day commute services and lockdowns in most countries.

Impact of COVID19: 2020 revenue decline of USD 2.0 billion

Healthcare has been severely affected by the pandemic. The healthcare infrastructure is now focusing on the bulk purchase of Personal Protection Equipment (PPE), and ventilators to ensure patient care. As professionals become more focused on the essentials, demand for specialty medical chairs has declined significantly. According to David Cutler of Harvard University, the U.S. has entered a recession. According to the article, 10 million people applied for unemployment coverage in March 2020.

Product Insights

In 2020, the market share for rehabilitation chairs was 40.6%. There are three types of rehabilitation chairs: pediatric, bariatric and geriatric. The pediatric chairs can be used for positioning, mobility, bathing, and bathing. Similar functions can also be performed using geriatric or bariatric chairs. However, their weight carrying capacity may be greater. This segment will be driven by the growing geriatric population, rising paralysis cases and spinal injuries.

According to the WHO, studies in Africa in 2018 found that between 62.5% - 82.5% of those in need of rehabilitation services don't receive them. This is driving their demand and, therefore, the adoption of chairs and rehabilitation services.

Due to an increase in chronic kidney disease, dialysis chairs accounted for the largest portion of the examination product segment in 2020. Consistent technological advancements such as an increased weight capacity and shorter time to reach Trendelenburg position are expected to increase the demand for dialysis chair segments, which will allow them to maintain their leading position over the forecast period.

The segment of treatment chairs is expected to grow at 7.9% over the forecast period. These chairs are essential for any type of surgery or treatment. These products have a major advantage: they allow patients to maintain a comfortable position, which allows doctors full access to all parts of the patient's body. The equipment improves patient comfort and safety, as well as enhancing caregivers' safety. The market for treatment seats is expected to continue growing over the forecast period.

Regional Insight

In 2020, North America held a dominant market share of more than 44%. This is due to an aging population and a supportive reimbursement system. Over the forecast period, the market will be driven by the rising incidence of lifestyle-associated diseases.

Product demand is being driven by an increase in the number and quality of ENT, ophthalmic and dental clinics across the U.S.A and Canada. The overall growth of the region's market is also due to the presence of key players, advanced healthcare infrastructure, high disposable income levels, and lifestyle changes.

Due to the growing geriatric population, Asia Pacific will be the fastest-growing region market during the forecast period. This is a sign of a significant socioeconomic burden. A record-breaking increase in the number of geriatrics is expected to decrease the workforce and increase spending on public healthcare in this region. This will lead to a reduction in the use of specialty medical chairs. A U.S. Census Bureau report found that Japan has the highest proportion of the elderly population worldwide.

The presence of international organizations such as the United Nations Population Fund that aims to support countries in developing and implementing national policies and strategies, will also help to increase market growth. Market growth will be supported by rising disposable income and ongoing R&D activities of major regional players to create innovative products.

Market Share Insights & Key Companies

This market has high growth potential and many local and international medical device companies are investing in it. This competitive environment has led to improved treatment delivery, safer products, and better patient safety. The key players are focused on new product development, mergers and acquisitions, collaborations & partnership, expansion strategies, and market positioning strengthening. Dentsply Sirona, for example, entered into a distribution deal with Henry Schein Canada, Inc. in June 2017 to expand its Canadian distribution network. During the forecast period, the market will see increased competition from industry players. The following are some of the major players in the global market for specialty medical chairs:

• A-dec, Inc.

• ActiveAid, Inc.

• DentalEZ, Inc.

• Fresenius Medical Care AG & Co. KGaA

• Topcon Corp.

• Midmark Corp.

• Danaher (KaVo Dental GmbH)

• Dentsply Sirona

• Planmeca Oy

• Hill Laboratories Company

Up Market Research published a new report titled “Specialty Medical Chairs Market research report which is segmented by Product (Rehabilitation Chairs, Examination Chairs, Treatment Chairs), By Players/Companies Inc; Fresenius Medical Care AG & Co KGaA; Topcon Corporation; Midmark Corp; Danaher (KaVo Dental GmbH); Dentsply Sirona; PLANMECA OY; and Hill Laboratories Company, A-dec, Inc; ACTIVEAID, Inc; DentalEZ”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Specialty Medical Chairs Market Report Segments:

The market is segmented by Product (Rehabilitation Chairs, Examination Chairs, Treatment Chairs).

Specialty Medical Chairs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Specialty Medical Chairs Market

Overview of the regional outlook of the Specialty Medical Chairs Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Specialty Medical Chairs Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Specialty Medical Chairs Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rehabilitation Chairs

                2. Examination Chairs

                3. Treatment Chairs

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Specialty Medical Chairs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Specialty Medical Chairs Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.