It is anticipated that the specialty medical chairs market would increase at a compound annual growth rate (CAGR) of 8.7% from its estimated US$ 3.3 billion worth in 2023 to 2033. Because of the ageing population, there will probably be an increase in demand for specialty medical chairs throughout the anticipated period of time. The market is anticipated to present an absolute monetary opportunity of over US$ 4.2 billion between 2023 and 2033.
The elevating demand for a diverse range of specialized medical chairs is being driven by the increasing prevalence of health issues and the rising availability of medical facilities including rehabilitation centers. Moreover, the medical device industry is also growing as a result of an increasing preference for at-home healthcare. This spurt in home healthcare along with rehabilitation centers is one of the key factors driving the worldwide specialty medical chair demand.
As the number of medical facilities and hospitals increases, the need for specialty medical chairs, such as dialysis chairs, rehabilitation office chairs, and birthing chairs has also been growing. This has further elevated the demand for specialty medical chairs globally.
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Industry players are projected to profit from the swift expansion of automated and technologically advanced medical beds in the not-too-distant future. The growth of the market arises from the soaring number of hospitals and healthcare facilities.
In terms of region, the market in North America is expected to provide significant opportunities to the global market. The North American medical chairs market has many opportunities in the remote, medical support sector, mainly due to the aging of the region’s population. In the next 10 years, the regional specialty medical chairs market will be driven by the heightened prevalence of health issues resulting from lifestyle choices.
The increase in the number of dental, ophthalmology, and ENT clinics in North America is also a factor in the need for biopharmaceutical research and development facilities. Furthermore, the advent of key competitors, well-developed healthcare infrastructure, and higher producer incomes encourage the expansion and improvement of the market in the region.
Competitive Landscape
The key players operating in the Specialty Medical Chairs Market are A-dec, Inc., ActiveAid, Inc., DentalEZ, Inc., Fresenius Medical Care AG & Co. KGaA, Topcon Corp., Midmark Corp., Danaher, Dentsply Sirona, Planmeca Oy, and Hill Laboratories Company.
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