Specialty Medical Chairs Market By Application, By Type, Rehabilitation Chairs, And Treatment Chairs, By Region – Global Growth, And Forecasts (2018–2023)
HYDERABAD, TELANGANA, INDIA, November 28, 2018 /EINPresswire.com/ — Overview
Specialty medical chairs can be used for a variety of purposes ranging from examination to treatment and rehabilitation. These chairs are specifically designed according to the needs of the patient also offering better access to the doctor. Specialty chairs can be manually operated or are battery powered. Specialty medical chairs are used for a variety of purposes in the healthcare market. The growing geriatric populace around the world is increasingly offering a huge market for specialty chairs.
The Global Specialty Medical Chairs Market will have an expected CAGR of 6.4% and a projected market value of USD 6.53 billion by 2023 from a size of about USD 4.79 billion in 2018.
Apart from the opportunity of the growing aging populace, the introduction of innovative technology in the development of more comfortable and usable specialty chairs also offers many avenues for the market to expand. Many organizations are increasingly offering highly personalized chairs for meeting the demand related to check-ups and other necessities. Growth in entitlement policies and augmentative regulatory landscape around the world also act as drivers of market growth.
The rapid advances in technology and their incorporation into the big picture is expected to be a substantial driver of market growth. Dentsply Sirona Inc, is one such market player, focusing increasingly on the launch of innovative products, upgrading its existing portfolio, and incorporating advances technology in products. Back in 2016, the company invested more than USD 128 million in the segment f product innovation. The increasing incidence of chronic diseases is also a major factor of market growth, supported by the sample fact that more than 11% adults in the U.S. were diagnosed with heart disorders in 2016, which led to a consequential increase in demand for cardiac chairs.
The growth in the number of clinics and hospitals is also a factor having a direct impact on the increasing demand for medical chairs. All segments of specialty medical chairs such as dialysis chairs rehabilitation chairs, and birthing chairs benefit from the increasing demand due to the expansion in the number of hospital and clinics. Inferring the data from the American Health Association reveals that more than 5000 hospitals were registered in the region in 2017 alone. The increasing prevalence of disability is also expected to aid the growth of the market.
The complete report for the global specialty medical chair market provides all the information required for the decision making and investing opportunities based on the market size, revenue, history, current trends and future predictions. It also provides the deep sights of the global market based on the application, type, and regional analysis, along with the competitive landscape.
On the basis of application, the market is separated into
• Extended Care Units
Hospitals grab the major portion of the specialty medical chairs market in terms of revenue, followed by extended care units.
On the basis of type, the market is separated into
• Examination Chairs
o Blood Drawing
• Rehabilitation Chairs
• Treatment Chairs
Examination Chairs account for the largest share of the worldwide market and are expected to continue their reign in the future.
On the basis of regional analysis, the market is separated into
• North America
• Latin America
• Middle East and Africa
• Asia Pacific
North America and Europe are the dominating segments of the market on the basis of geographical analysis. The high prevalence of entitlement policies and the aging populace of the regions are the factors aiding their stronghold on the market. North America holds the highest market share of more than 40%, whereas Asia Pacific is expected to be the fastest growing region of the global market.
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Some of the top players in the global market include Dentsply Sirona, Danaher Corporation, Fresenius Kabi AG, A-DEC, Inc, ACTIVEAID, Inc, DentalEZ, Inc, Topcon Medical Systems, Inc., Midmark Corp., PLANMECA OY, and Hill Laboratories Company, among others.
Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
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Source: EIN Presswire