Specialty Medical Chairs Market : Advanced Technologies & Growth Opportunities In Global Industry By 2023

Geographically, the specialty chairs market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). These regions have been further segmented into major countries such as the U.S. and Canada (North America); the U.K., Germany, and Rest of Europe (Europe); India, China, and Rest of APAC (Asia Pacific); Brazil, Mexico, and Rest of LATAM (Latin America); and South Africa and Rest of MEA (Middle East & Africa). The market size and forecast in terms of USD million for each region and countries has been provided for the period from 2013 to 2023, considering 2014 as the base year. The report also provides the compound annual growth rate (% CAGR) for the forecast period 2015 to 2023 for each segment.

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Specialty medical chairs are medical devices that help patients in enhancing mobility or in improving comfort during various surgical operations. The specialty medical chairs market has witnessed strong growth in the past few years due to factors such as increasing number of private and government clinics and hospitals and rising geriatric population globally. Additionally, high cost of specialty medical chairs and economic instability are likely to hamper market growth during the forecast period from 2015 to 2023.

The market overview section of the specialty medical chairs market report discusses detailed qualitative analysis of the factors responsible for driving and restraining the growth of the market and future opportunities. This section also covers market attractiveness analysis, value chain analysis, and end-user analysis of the global specialty medical chairs market. A list of recommendations for existing as well as new entrants has been discussed in the study to help in decision making. The report concludes with company profiles of key players operating in various segments of the market. Each company profile includes business overview, financial overview, product portfolio, business strategies, and recent developments. Some of the prominent players in the specialty medical chairs market that have been profiled in this report are ACTEVAID, Inc., A-dec, Inc., DentalEZ, Forest Dental Products, Inc., Fresenius Medical Care, and Invacare Corporation, among others.

The increasing awareness about various medical conditions, growing access to medical assistance, and rising disposable incomes have expanded the end-user base for medical chairs. Against this backdrop, the investments and expenditure on treatment and rehabilitation chairs have soared in the past few years. The shifting preference of patients towards home health care and innovative business strategies adopted by players are also boosting the sales of specialty medical chairs, especially under the treatment and rehabilitation segment. The report states that the rehabilitation segment will exhibit a CAGR of 6.5% while the treatment chairs will have a CAGR of 8.1% between 2015 and 2023.

Some of the key players operating the global specialty medical chairs market are Forest Dental Products, Inc., A-dec, Inc., Fresenius Medical Care, ACTEVAID, Inc., Invacare Corporation, and DentalEZ amongst others. To maintain a lead, companies will have to expand their distribution networks in the near future.

North America held the largest share in the overall market, accounting for 43.1% of it in 2014. A sizeable base of ophthalmic, ENT, and dental clinics across countries in North America have kept the investment sentiment positive in this region. Furthermore, supportive reimbursement policies for wheelchairs and bariatric chairs have also helped this market to achieve a significant growth rate in North America. Between 2015 and 2023, the North America specialty medical chairs market is expected to show a CAGR of 6.8%.

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Asia Pacific has been identified as the most attractive market for specialty medical chairs over the forecast period. The projected rise in the number of geriatrics and rising disposable incomes will be the underlining factors augmenting the specialty medical chairs market in Asia Pacific. Countries such as India, China, South Korea, and Singapore amongst others will be the focal points of the market’s growth.

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