Global Medical Chairs Industry Set to Skyrocket at a 6.0% CAGR, Projecting a Valuation of US$ 13.7 Billion by 2032 | FMI

The Global Medical Chairs Industry is on the brink of an unprecedented transformation, according to a recent report by Future Market Insights. The market, valued at US$ 7.7 billion in 2022, is forecasted to experience a remarkable compound annual growth rate (CAGR) of 6.0%, soaring to an estimated valuation of US$ 13.7 billion by 2032.

The burgeoning demand for medical chairs is attributed to the escalating prevalence of physical ailments coupled with advancements in control systems. As healthcare technology continues to evolve, the Global Medical Chairs Industry is witnessing a surge in innovation, providing patients with enhanced comfort and healthcare providers with efficient solutions.

As a result, rapid technologically advancements in wheelchairs to be commercialized in developing countries will drive the growth. Electric wheelchairs are extensively utilized in airports, hospitals, theatres, tourist attractions, and other public places.

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The medical chairs market is predicted to expand with growing need of treatment or inspection worldwide. Furthermore, an increase in the geriatric population for rehabilitation purposes is aiding the market growth.

Increased prevalence of chronic diseases, as well as technological developments in the operation and design of medical chairs, are all contributing to the market’s growth. Road accidents, spinal cord injuries, meningitis, and job injuries are all contributing to the Global Medical Chairs Industry’s rise.

Smart wheelchairs are gaining immense traction as they are a blend of state of the art robotics and advanced electronics. Many elderlies who lead a solitary lifestyle prefer the use of these power wheelchairs and their quality of life, in general, has improved. Owing to these trends, the market is anticipated to register a CAGR of 6.0% from 2022 to 2032.

Specialty medical chairs are pieces of medical equipment that aid patients in gaining more flexibility or convenience as a result of various surgical operations. These chairs are designed to provide comfort to patients during treatment and to aid healthcare professionals and physicians in completing the procedure or any other treatment.

The development of the medical chairs market is reliant on the increasing popularity of powered wheelchairs, the rise in the adoption of automotive vehicles and the increase in the prevalence of temporary or permanent mobility issues.

Key Takeaways from Market Study

• Dental chairs hold over 20.0% market value share in 2021 and are expected to display a CAGR growth of 6.0% over the forecast period.
• Based on technology, the hydraulic medical chairs segment accounted for a demand share of over 40.7% in 2021. Hydraulic chairs have simpler, easy to use controls, and are known for their fluid movement and adaptability to broad weight.
• Hospitals held a higher share in the medical chairs market by a value of 21.1% in 2021.
• North America medical chairs market is slated to hold a value share of 36.0% at the end of the forecast period owing to the growing geriatric population and rising cases of paralysis and spinal injuries in the region.

“With rise in capitalization on the adoption of power medical chairs for mobility assistance, the medical chairs market is expected to witness robust growth over the forecast period,” says an analyst of Future Market Insights.

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Market Competition

Recognition, acquisitions, expansion, development of an extensive product and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in different geographies.

• In October 2021, Invacare Corporation announced a sponsorship agreement with Rob Mendez (football coach), a user of Invacare® Storm Series® Torque power wheelchair.
• In January 2019, Midmark Corp. announced the launch of two new bariatric side chairs for extended patient comfort.

What does the report cover?

Future Market Insights offers a unique perspective and actionable insights on the Global Medical Chairs Industry in its latest study, presenting a demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research is based on products- (patient chairs [reclining patient chairs, manual patient chairs, and convertible patient chairs], x-ray chairs, ophthalmology chairs, dental chairs, surgical chairs, exercise and activity chairs, and paediatric chairs), by technology- (powered medical chair, manual chair, and hydraulic medical chair), and by end-user (hospitals, ambulatory surgical centres, outpatients facilities, speciality clinics, long term care centres, skilled nursing facilities, cancer research institute, and others), across seven key regions of the world.

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Key Market Segments Covered in Medical Chairs Industry Research

Product:

• Patient Chairs
  • Reclining Patient Chairs
  • Manual Patient Chairs
  • Convertible Patient Chairs

• X-ray Chairs
• Ophthalmology Chairs
• Dental Chairs
• Surgical Chairs
• Exercise and Activity Chairs
• Paediatric Chairs

Technology Type:

• Powered Medical Chair
• Manual Chair
• Hydraulic Medical Chair

End User:

• Hospitals
• Ambulatory Surgical Centres
• Outpatient Facilities
• Specialty Clinics
• Long Term Care Centres
• Skilled Nursing Facilities
• Cancer Research Institutes
• Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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