Demand For Specialty Medical Chairs Will Increase At A CAGR Of 5% By 2031
Fact.MR’s specialty medical chairs industry analysis reveals that the global market was valued at US$ 5 Bn in 2020, and is projected to top US$ 7 Bn by 2031, expanding at a CAGR of 6%. Demand for specialty medical chairs for examination purposes is projected to reach a valuation of US$ 2 Bn by 2031, increasing at a CAGR of 5%, with that for treatment chairs surging at 8%.
Request Sample https://www.factmr.com/connectus/sample?flag=S&rep_id=6665Key Market Insights Covered in Specialty Medical Chairs Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Sales of Specialty Medical Chairs and How to Navigate
- Recommendation on Key Winning Strategies
As per the specialty medical chairs industry research by Fact.MR – a market research and competitive intelligence provider, historically, from 2016 to 2020, market value increased at 5% CAGR, where North America, Europe, and Asia Pacific held significant share in the global market.
The growing geriatric population is expected to accelerate the demand for specialty medical chairs over the forecast period. In addition, the introduction of technologically advanced and fully automated medical chairs is anticipated to serve the market with lucrative growth opportunities.
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End-Stage Renal Disease (ESRD) regulations state that patients should receive the same type of care and treatment at home as they receive in hospitals, thereby increasing product adoption in homecare. These factors are expected to contribute to the growth of the market in the years ahead.How is Ease & Manoeuvrability of Specialty Medical Chairs Nudging Market Growth?
Specialty medical chairs help individuals in enhancing mobility or in 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 centres. Also, ease and manoeuvrability of specialty medical chairs allows professionals to use them in different fields of healthcare.
Increasing awareness of medical conditions and growing access to medical assistance are key factors driving demand for specialty medical chairs across regions.
In addition, increasing preference for home healthcare is fuelling the growth of this market. Moreover, continuous R&D activities by major players to develop innovative products is expected to boost product sales over the forecast period.
Key Segments Covered in Specialty Medical Chairs Industry Research
- By Product
- Specialty Medical Chairs for Examination
- Blood Drawing
- Specialty Medical Chairs for Treatment
- Specialty Medical Chairs for Rehabilitation
- Specialty Medical Chairs for Examination
- By Application
- Specialty Medical Chairs Used in Hospitals
- Specialty Medical Chairs Used in Clinics
- Specialty Medical Chairs Used in Ambulatory Surgical Centres
Many local and international medical device manufacturers are investing in this market due to its high growth potential. The competitive milieu has resulted in improved treatment delivery, better products, and increased patient safety.
Most key players focus on mergers & acquisitions, new product development, collaborations & partnerships, and expansion strategies to strengthen their market position.
- In June 2017, Dentsply Sirona entered into a distribution agreement with Henry Schein Canada, Inc. to expand its distribution network in Canada. Rising number of industry participants are expected to intensify market competition over the coming years.
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