The global specialty medical chairs market size is expected to reach USD 7.65 billion by 2025, at a CAGR of 6.7% according to a new report by Grand View Research, Inc., Increasing geriatric population is expected to boost the adoption of specialty medical chairs. As per WHO, it is estimated that from 2025 to 2050, the older population is expected to almost double to 1.6 billion globally. According to The World Bank, population in Asia Pacific region is aging rapidly. More than 211 million people aged 65 years and above were living in East Asia and Pacific in 2010. The older population is expected to grow by 22% every five years in East Asia. This shows the potential demand for these equipment in the coming years.
As
per the European Health Interview Survey (EHIS), 51.6 % of the European
populace (18 years and above) was overweight in 2014. Rising prevalence of
lifestyle-associated diseases, such as diabetes, obesity, chronic kidney
disease, and cardiovascular disease, is increasing patient base for the
adoption of these products. Furthermore, growing disabled population as a
result of a rise in incidence of paralysis and spinal injuries is anticipated
to drive the market to some extent. According to CDC, 53 million people in the
U.S. are living with a disability.
Increasing
reimbursement policies and supportive regulatory framework in developed nations
are pushing the market growth. For instance, Medicare policies in the U.S.
offer reimbursement for equipment such as wheel chairs, recliners, and other
specialty medical chairs. In addition, key market players are offering
customized products to meet the various needs of doctors and patients. Rising
demand for new products, changing lifestyle, ease of use, and better facilities
are factors expected to provide lucrative opportunities.
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Specialty Medical
Chairs Market Report Highlights
- Rehabilitation specialty
medical chair held the dominant share of 40.94% in the market owing to the
increasing geriatric population
- Dialysis chair held the
largest share in the examination segment owing to increasing prevalence of
chronic kidney diseases and technologically advanced products offered by
market leaders in this segment
- Treatment segment is
anticipated to grow at a steady rate as these products are required for
carrying out various treatment procedures and offer better comfort to
patients during surgeries or other procedures
- Rehabilitation segment is
also expected to grow steadily owing to the rising geriatric population
and increasing demand for bathroom aids
- Asia Pacific region is
anticipated to grow at a lucrative CAGR of 7.5% owing to improving
healthcare infrastructure, growing geriatric population, and rising
disposable income, which is anticipated to drive the growth in Asia
Pacific region
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Specialty Medical
Chairs Market Segmentation
Grand View Research has segmented
the specialty medical chairs market on the basis of product and region:
Specialty Medical
Chairs, Product Outlook (Revenue, USD Million, 2014 - 2025)
- Examination Chairs
- Birthing
- Cardiac
- Blood Drawing
- Dialysis
- Mammography
- Treatment Chairs
- Ophthalmic
- ENT
- Dental
- Others
- Rehabilitation Chairs
- Pediatric
- Bariatric
- Geriatric
- Others
Specialty Medical
Chairs, Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- The Middle East and Africa
- South Africa
- Saudi Arabian
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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