Specialty Medical Chairs Market Trends : Projected to Surpass USD 7.9 billion by 2031, CAGR of 6.8% from 2022 to 2031
Medical chairs designed for examination, treatment, or rehabilitation purposes are specialized to accommodate both the accessibility requirements of doctors and the comfort and medical needs of patients. These chairs can be operated manually or powered by batteries.
Specialty Medical Chairs Market Drivers
The Specialty Medical Chairs Market Size is anticipated to experience significant growth in the forecast period, driven by various key factors. These include the increasing prevalence of cancer and chronic diseases, a growing geriatric population seeking rehabilitation, the rising adoption of technologically advanced specialty medical chairs, increased investments in research and development by pharmaceutical companies, and a surge in surgical procedures for ophthalmic, dental, and ENT disorders. As an example, a Healio Journal report from February 2021 revealed that around 10,000 U.S. cataract surgeons conducted approximately 4 million procedures, averaging 400 per year per surgeon. Looking ahead to 2030, a slightly smaller group of surgeons is expected to perform 6 million procedures annually, with an average volume of just over 600 procedures per year. Additionally, the mean age of patients undergoing cataract surgery is projected to decrease by 5 years, from 73 to 68 years in 2030.
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Specialty Medical Chairs Market Regional Trends
In 2021, North America dominated the Specialty Medical Chairs Market Share, and this trend is projected to persist throughout the forecast period. The region’s leadership is attributed to the widespread adoption of technologically advanced specialty medical chairs and the proliferation of private clinics and hospitals.
The Asia-Pacific region is poised to exhibit the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is fueled by the high prevalence of chronic diseases and a rising geriatric population in the region. Furthermore, increased patient awareness, coupled with significant unmet needs, particularly in countries like India and China, is expected to contribute substantially to market expansion in the Asia-Pacific region.
Specialty Medical Chairs Market Segmentation
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the specialty medical chairs market analysis from 2021 to 2031 to identify the prevailing specialty medical chairs market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the specialty medical chairs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global specialty medical chairs market trends, key players, market segments, application areas, and market growth strategies.
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Key Findings of the Study
- By product, the treatment chair segment was the highest contributor to the market in 2021.
- By type, the electric chair segment was the highest contributor in 2021.
- By end user, the hospitals segment dominated the market in 2021 and is expected to continue this trend during the forecast period.
- By region, North America held the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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Key Specialty Medical Chairs Market Players
- DENTALEZ, INC
- A-DEC INC
- Dentsply Sirona Inc
- XO CARE A/S
- DIPLOMAT DENTAL
- PLANMECA OY
- MIDMARK CORPORATION
- CRAFTMASTER CONTOUR EQUIPMENT INC
- DANAHER CORPORATION
- HENRY SCHEIN
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