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Specialty Medical Chairs Market

Specialty Medical Chairs Market

by Product (Treatment Chair, Examination Chair, Rehabilation Chair), by Type (Electric chairs, Manual chairs), by End User (Hospitals, Cilincs, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A11457
Pages: 314
Oct 2022 | 1101 Views
Author(s) : Vikita T , Onkar S
Tables: 168
Charts: 58
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Specialty Medical Chairs Market Research, 2031

The global Specialty Medical Chairs Market Size was valued at $4.1 billion in 2021, and is projected to reach $7.9 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. Specialty medical chairs are medical equipment intended for the purpose of treatment, examination, and rehabilitation. These help an individual by enhancing mobility or by improving comfort during various surgical operations. Specialty medical chairs can be used at the time of examination and treatment of patients in hospitals, clinics, and ambulatory surgical centers. These devices can be manually operated or powered by batteries. These chairs can be used by doctors as per their convenience by guiding them as desired in their respective fields of healthcare, as these chairs help in providing great comfort to the patient throughout the medical procedure.

The overall impact of COVID-19 remains negative on specialty medical chairs market. Owing to decline in the number of visits to the hospitals and clinics for dental, ophthalmic, ENT purposes, leading to a reducing of the demand for these chairs. For instance, Dentsply Sirona reported that its net sales for the first quarter of 2020 were down by 7.6% or 4.3% in organic terms, due to low patient volumes and elective procedures. In terms of revenue and net sales, this downfall trend was observed in several other companies as well in the market. However, this is expected to be a temporary downfall, and the market is expected to resume growth in the future

Specialty Medical Chairs Market

The key factors that drives the Specialty Medical Chairs Market Growth include a rise in the prevalence of chronic diseases and a surge in the geriatric population for rehab purposes. Moreover, an increase in the adoption of technologically advanced specialty medical chairs, and a surge in investments in R&D by pharmaceutical companies propel the growth of the market. Furthermore, the rise in surgical procedures for ophthalmic, dental and ENT disorder boost the growth of the market. For instance, according to the report published in Healio Journal in February 2021, 10,000 U.S. cataract surgeons performed approximately 4 million procedures, for an average of 400 per year per surgeon. In 2030, a slightly smaller group of surgeons will perform 6 million procedures with an average annual volume of just more than 600 per year. The mean age of the patient undergoing cataract surgery will decline by 5 years, from 73 to 68 years in 2030. Furthermore, an increase in the incidence of gynecologic diseases in women and a rise in demand for gynecologic examination chairs for examining pregnant women are expected to increase the adoption of the examination chair  drives the growth of Specialty Medical Chairs Market Size during the forecast period. 

However, the high cost of specialty medical chairs is the major barrier for the growth of the market. Emerging economies such as India, China, Mexico, and Brazil are anticipated to create new Specialty Medical Chairs Market Opportunity for the key players to provide specialty medical chairs at low cost in developing countries.

The specialty medical chairs market is segmented on the basis of product, type, end user and region. By product the market is segmented into examination chairs, treatment chairs and rehabilitations chairs. By product, the examination chairs are further sub-segmented into cardiac, blood drawing and others. On the basis of treatment chairs, it is further bifurcated into ophthalmic, dental and others. On the basis of rehabilitation chairs the market is sub-segmented into pediatric, geriatric and other.By type, the market is segmented into electric chairs and manual chairs. By end user the market is segmented into hospitals, clinics and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Product Segment review

Specialty Medical Chairs Market
By Product

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Treatment Chair segment holds a dominant position in 2021 and would continue to maintain the lead over the forecast period.

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By product, the Specialty Medical Chairs Market is segmented into treatment chair, examination chair and rehabilitation chair. In 2021, the treatment chair segment accounted for the largest share of the market. The dominance of this segment can be attributed to rise in the prevalence of ophthalmic disorders and the surge in the number of visits to dentist’s clinics.

The examination chair segment is anticipated to grow at a significant rate during the forecast period owing to the benefits provided by examination chairs.

Type Segment Review

By type, the specialty medical chair market is segmented into electric chairs and manual chairs. The electric chair segment exhibited the highest Specialty Medical Chairs Market Share  in 2021, and is anticipated to lead during the forecast period, owing to rise in demand for a high-quality electronic chair as well as rising awareness related to the use of electronic wheelchairs, electromechanical systems that have safety precaution settings such as actuators that lock the chair in place in the event of sudden power loss to prevent accidents.

The manual chair segment is anticipated to grow at a significant rate during the forecast period owing to rise in the prevalence of disability due to various factors such as an increase in the number of road accidents, spinal cord injuries, meningitis, and workplace injuries.

Specialty Medical Chairs Market
By Type

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Electric chairs segment holds a dominant position in 2021 and would continue to maintain the lead over the forecast period.

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End User Segment Review

By end user, the Specialty Medical Chairs Industry is segmented into hospitals, clinics and others. The hospital's segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to an increase in a number of hospitals which surges the demand for specialty medical chairs such as birthing chairs, dialysis chairs, and rehabilitation chairs that serve specific purposes depending on their application.

Specialty Medical Chairs Market
By End User

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Hospitals segment holds a dominant position in 2021 and would continue to maintain the lead over the forecast period.

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Region Segment Review

Region wise, the specialty medical chair market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a majority of the specialty medical chairs market share in 2021 and is anticipated to remain dominant during the forecast period owing to the high adoption of technologically advanced specialty medical chairs, increase in the number of private clinics and hospitals due to rise in the healthcare expenditure and presence of major key players in the country and the strategies they adopt for their product development.

Specialty Medical Chairs Market
By Region

2031
North America 
Europe
Asia-pacific
Lamea

North America segment holds a dominant position in 2021 and would continue to maintain the lead over the forecast period.

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The key players that operate in the Specialty Medical Chairs Industry are A-Dec Inc, Craftsmen Contour Equipment Inc, Danaher Corporation, Dentalez Inc, Dentsply Sirona, Diplomat Dental, Henry Schein, Midmark Corporation, Planmeca OY, XO Care A/S.

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.

Specialty Medical Chairs Market Report Highlights

Aspects Details
Market Size By 2031 USD 7.9 billion
Growth Rate CAGR of 6.8%
Forecast period 2021 - 2031
Report Pages 314
Product
  • Treatment Chair
    • Type
      • Dental
      • Opthalmic
      • Others
  • Examination Chair
    • Type
      • Cardiac
      • Blood Drawing
      • Other
  • Rehabilation Chair
    • Type
      • Geriatric
      • Pediatric
      • Others
Type
  • Electric chairs
  • Manual chairs
End User
  • Hospitals
  • Cilincs
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest Of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)
Key Market Players A-DEC INC, CRAFTMASTER CONTOUR EQUIPMENT INC, DANAHER CORPORATION, DENTALEZ, INC, Dentsply Sirona Inc, DIPLOMAT DENTAL, HENRY SCHEIN, MIDMARK CORPORATION, PLANMECA OY, XO CARE A/S
 

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This section provides various opinions of top-level CXOs in the specialty medical chair market. According to several interviews conducted, the specialty medical chair market is expected to witness significant growth in the future, owing to an increase in the number of gynecological diseases, a surge in the number of accidents, spinal cord injuries, meningitis, and workplace injuries, and the rise in the geriatric population.

According to the perspectives of CXOs, the specialty medical chair market is expected to witness steady growth in the future. The introduction of technologically advanced and fully automated medical chairs, the rise in the prevalence of disability, and the increase in the number of hospitals and healthcare centers are anticipated to fuel the market growth. The surge in investments in R&D by pharmaceutical companies, rise in healthcare expenditure, and surge in demand for rehabilitation centers due to the surge in the geriatric population are the key factors driving the growth of the market.

However, the high cost of specialty medical chairs hampers the growth of the market to some extent during the forecast period. On the contrary, the emerging economies of developing countries such as India, China, Mexico, and Brazil and the introduction of technologically advanced and fully automated medical chairs are expected to provide lucrative opportunities for the growth of the specialty medical chair market in the future.

In addition, emerging markets are gaining importance for the majority of medical chair manufacturers and distributors. Rapid growth was observed in the shipments of these devices to provide improved healthcare services in emerging nations, and this is expected to offset the challenging conditions in mature markets such as North America and Europe. As per CXOs, North America is expected to dominate the global specialty medical chair market during the forecast period, followed by Europe.

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FREQUENTLY ASKED QUESTIONS?

A. The upcoming trends are rise in the prevalence of chronic diseases, surge in the geriatric population, and increase in number of gynecological diseases in women. This drives the specialty medical chair market. Moreover, the rise in prevalence of disability due to various factors such as an increase in number of road accidents, spinal cord injuries, meningitis, and workplace injuries is expected to favor demand for wheelchairs during the forecast period, which propels the growth of the market

A. The total market value of the specialty medical chairs market is $4,061.68 million in 2021

A. North America is the largest regional market for specialty medical chairs

A. The market value of specialty medical chairs market in 2031 is 7,846.17 Million

A. A-Dec Inc, Craftsmen Contour Equipment Inc, Danaher Corporation, Dentalez Inc, Dentsply Sirona are the top companies to hold the market share in specialty medical chairs

A. The base year for the report is 2021

A. Yes, specialty medical chairs market companies are profiled in the report

A. No, there is a value chain analysis provided in the Specialty medical chairs market report

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