Specialty Medical Chairs Market Covering Competitive Scenario & Market Dynamics throughout 2027 | Coherent Market Insights
Global Specialty Medical Chairs Market
Global Specialty Medical Chairs Market, by Product Type (Rehabilitation Chairs, Examination Chair (Mammography Chairs, Birthing Chairs, Dialysis Chairs, Blood Drawing Chairs, and Cardiac Chairs), and Treatment Chairs (Dental Chair, Ophthalmic Chairs, and ENT Chairs)) is anticipated to attain a market valuation of US$ 5,086.1 million in 2018 and is estimated to grow at a CAGR of 6.2 percent during the forecast period (2017 – 2026).
The global specialty medical chairs market is projected to increase as the number of hospitals and clinics grows. As per the American Hospital Association (AHA), which conducts an annual census of hospitals in the U.S., there were 5,534 recognized hospitals in the U.S. in 2017. In hospitals and clinics, specialty medical chairs are used for examinations, treatment, and rehabilitation.
Various Asian businesses provide performance levels equal to those of high-end manufacturers at a lower cost. Moreover, major players are concentrating their efforts on the research and development of new products, which is projected to increase the global specialty medical chairs market growth. In 2016 and 2015, Fresenius Kabi spent US$ 367 million and US$ 371.9 million, accordingly, on research and development, a rise of 5% over the previous year. During the forecast period, this is probable to result in more new product launches. A-Dec Inc., a company based in the United States, is also focused on creating user-friendly complex dental chairs and dentistry stools by combining numerous components such as simple controls with an innovative hydraulic lift system to improve the longevity, coziness, and ease of simplicity for differently-abled individuals. Furthermore, the company’s dental chairs are extremely robust and adaptable, and they can be readily built to meet the demands of individual customers.
Browse 15 Market Data Tables and 18 Figures spread through 129 Pages and in-depth TOC on “Specialty Medical Chairs Market, by Product Type (Rehabilitation Chairs, Examination Chair (Mammography Chairs, Birthing Chairs, Dialysis Chairs, Blood Drawing Chairs, and Cardiac Chairs), and Treatment Chairs (Dental Chair, Ophthalmic Chairs, and ENT Chairs)), By Region (North America, Asia Pacific, Europe, Latin America, Middle East, Africa) – Global Forecast to 2026”
Furthermore, AccessAbilities Expo 2017 is the Middle East’s first dedicated expo for disabilities and rehabilitation-related products, services, and technology. These events raise public awareness, which is projected to drive the Middle East Specialty Medical Chairs Market forward. These displays also attempt to inspire government officials and private sector actors to alter their attitudes toward individuals with special needs and disabilities, and to enhance their services to fit their requirements.
The high cost of specialty medical chairs, on the other hand, is a key impediment to the global specialty medical chairs market’s growth. As a result, manufacturers are investing in innovation in order to provide cost-effective specialist medical chairs.
Due to an increase in the number of hospitals and healthcare facilities, the global specialty medical chairs market is anticipated to grow at a CAGR of 6.2 percent over the forecast period (2018–2026).
During the forecast period, the rehabilitation category is predicted to have the largest market share among product kinds in the view of rising frequency of infirmity among the elderly. As per the World Health Organization (WHO), about 10% of the world’s handicapped individuals use wheelchairs in their everyday activities.
Key companies contributing in the global specialty medical chairs market are DentalEZ, Inc, ACTIVEAID, Inc, Fresenius Kabi AG, Danaher Corporation, Dentsply Sirona, Hill Laboratories Company, PLANMECA OY, A-DEC, Inc, Midmark Corp., and Topcon Medical Systems.
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