Specialty Medical Chairs Market Analysis | CMI

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SPECIALTY MEDICAL CHAIRS MARKET ANALYSIS

• Specialty Medical Chairs Market, by Product Type
  (Examination Chair (Birthing Chairs, Cardiac
  Chairs, Blood Drawing Chairs, Dialysis Chairs,
  and Mammography Chairs), Treatment Chairs
  (Ophthalmic Chairs, ENT Chairs, and Dental
  Chair), and Rehabilitation Chairs), By Region
  (North America, Europe, Latin America, Middle
  East, Asia Pacific, Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2018 - 2026
• The global specialty medical chairs market size
  is estimated to be valued at US 5,086.1 Mn in
  2018 and is expected to witness a robust CAGR of
  6.2 during the forecast period (2017-2026).

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Market Opportunities

• Specialty medical chairs are used for
  examination, treatment or rehabilitation purpose.
  Specialty medical chairs are designed according
  to the medical needs and comfort of the patient,
  as well as to offer doctors better access to
  their patients. These devices can be manual or
  powered by batteries. Increasing number of
  patients requiring treatment and examination
  favors growth of the specialty medical chairs
  market. Furthermore, growing geriatric population
  is expected to favor growth of the specialty
  medical chairs market for rehabilitation purpose.
  According to data published by National Institute
  on Aging in 2010, 524 million people were aged 65
  years or older, which accounted for 8 of the
  world's population and was expected to nearly
  triple and reach 1.5 billion, representing 16 of
  the world's population by 2050.
• Advancements in technology in specialty medical
  chairs is expected to support growth of the
  Specialty Medical Chairs Market. For instance,
  Dentsply Sirona, Inc. focusing on development of
  new products, updating existing products, and
  introducing advanced technology in products. In
  2016, Dentsply Sirona, Inc. invested US 128.5
  million in product innovation. Moreover,
  increasing prevalence of chronic disorders is
  also expected to boost growth of the specialty
  chairs market. For instance, according to the
  Center for Disease Control and Prevention in
  2016, 11.7 of adults in the U.S. were diagnosed
  with heart disease, thereby driving demand for
  cardiac chairs.

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Figure-Global Specialty Medical Chairs Market
Value (US Mn) and Y-o-Y Growth ()
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Market Drivers

• Increasing number of hospitals and healthcare
  centers is driving growth of the specialty
  medical chairs market
• Increasing number of hospitals and clinics is
  increasing the demand for specialty medical
  chairs such as birthing chairs, dialysis chairs,
  and rehabilitation chairs that serve specific
  purposes depending on their application. This in
  turn, is positively impacting growth of the
  specialty medical chairs market. For instance,
  according to American Hospital Association (AHA),
  an annual survey on hospitals in the U.S. reveals
  that, 5,534 hospitals were registered in the U.S.
  in 2017. According to the Central Bureau of
  Health Intelligence, the number of hospitals in
  India increased from 4,571 in 2000 to 11,993 in
  2011. Furthermore, increasing government funding
  towards expanding the healthcare sector is
  fueling growth of the market. For instance, Saudi
  Arabias government allocated US 28.8 billion to
  health and social welfare, which includes funding
  for 11 new hospitals, 11 medical centers, and two
  medical complexes, in addition to the 132
  hospitals and healthcare centers, in 2014.

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• Rising prevalence of disability is expected to
  foster growth of the specialty medical chairs
  market
• Rising prevalence of disability due to various
  factors such as increasing number of road
  accidents, spinal cord injuries, meningitis, and
  workplace injuries are expected to favor demand
  for wheelchairs over the forecast period.
  According to World Health Organization (WHO),
  around 10 people among the overall disabled
  population globally, require specialty medical
  chairs for their daily activities and physical
  movement.
• As per the Centers for Disease Control and
  Prevention (CDC), in 2013, over 53 million people
  in the U.S. were suffering from some form of
  disability. Furthermore, the most common type of
  disability found was mobility disability, which
  was around 1 in 8 adults among all disabled cases
  in 2015, as stated by CDC. Moreover, CDC also
  that in the U.S., around 39.6 million people aged
  18 years and above are suffering from some
  physical functioning disability and this number
  is expected to increase over the forecast period.
  According to stats published by the Council for
  Disability Awareness (CDA), in 2013, in the U.S.,
  1 in 4 children under 20 years of age are
  expected to be disabled before they retire, due
  to various factors such as excess body weight and
  chronic diseases such as diabetes, high blood
  pressure, and back pain.

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Key Players

• Key players operating in the market include
  Dentsply Sirona, Danaher Corporation, Fresenius
  Kabi AG, A-DEC, Inc, ACTIVEAID, Inc, DentalEZ,
  Inc, Topcon Medical Systems, Inc., Midmark Corp.,
  PLANMECA OY, and Hill Laboratories Company.

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