The global specialty medical chairs market size is expected to reach USD 8.69 billion by 2032, according to a new study by Polaris Market Research. The report “Specialty Medical Chairs Market Share, Size, Trends, Industry Analysis Report, By Product (Examination Chairs, Treatment Chairs, Rehabilitation Chairs), By End-use (Hospitals, Clinics, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Specialty medical chairs serve to enhance movement and comfort for individuals undergoing specific surgical procedures. These chairs are used in hospitals, clinics, and ambulatory surgery centers for patient examinations and treatment. Moreover, their adaptability and manoeuvrability allow healthcare professionals to deploy them effectively across diverse healthcare settings. The American Hospital Association (AHA) conducted an annual evaluation of hospitals in the United States, identifying 5,534 registered hospitals.
The demand for specialty medical chairs is propelled by heightened awareness of medical conditions and improved access to medical assistance globally. Additionally, the industry is expanding due to the increasing inclination towards home healthcare services. Moreover, ongoing research and development efforts by leading companies aimed at creating innovative products are anticipated to enhance product sales throughout the forecast period.
In East Asia and the Pacific, the elderly population surpassed 211 million. Projections indicate that the elderly demographic in East Asia is poised to increase by 22% every five years. This underscores the potential demand for geriatric chairs in the foreseeable future, driving growth in the specialty medical chairs market. Additionally, the escalating prevalence of lifestyle-related diseases like obesity, chronic kidney disease, diabetes, and cardiovascular diseases (CVDs) is anticipated to boost the market further.
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Favorable regulatory frameworks and expanding reimbursement policies in developed nations are expected to fuel market expansion. For instance, Medicare regulations in the United States provide reimbursement for various equipment, including wheelchairs and recliners. Moreover, the utilization rates for examinations and treatments at dental, ophthalmic, and gynecology clinics witnessed a notable decline, attributable to pandemic-related lockdowns in several countries and the increasing preference for online consultations.
The specialty medical chairs market is experiencing significant growth, driven largely by the increasing elderly population. According to the World Health Organization (WHO), projections indicate that the global older population will nearly double from 2025 to 2050, reaching 1.6 billion. Additionally, The World Bank highlights that the Asia Pacific region is undergoing rapid population aging.
Specialty Medical Chairs Market Report Highlights
Polaris Market Research has segmented the specialty medical chairs market report based on product, end use, and region:
Specialty Medical Chairs, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Specialty Medical Chairs, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Specialty Medical Chairs, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 4.80 billion |
Revenue forecast in 2032 |
USD 8.69 billion |
CAGR |
7.7% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
|
Regional scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |