Specialty medical chairs are used for examination, treatment or rehabilitation purpose. These devices can be manual or powered by batteries.
The global Specialty Medical Chairs Market size is estimated to be valued atUS$ 5,086.1 Mnin 2018 and is expected to witness a robust CAGR of6.2%during the forecast period (2017-2026).
Increasing number of patients requiring treatment and examination favors growth of the specialty medical chairs market.
Furthermore, growing geriatric population is expected to favor growth of the specialty medical chairs market for rehabilitation purpose. According to data published by National Institute on Aging in 2010, 524 million people were aged 65 years or older, which accounted for 8% of the world's population and was expected to nearly triple and reach 1.5 billion, representing 16% of the world's population by 2050.
Advancements in technology in specialty medical chairs is expected to support growth of the specialty medical chairs market. For instance, Dentsply Sirona, Inc. focusing on development of new products, updating existing products, and introducing advanced technology in products. In 2016, Dentsply Sirona, Inc. invested US$ 128.5 million in product innovation.
Moreover, increasing prevalence of chronic disorders is also expected to boost growth of the specialty chairs market. For instance, according to the Center for Disease Control and Prevention in 2016, 11.7% of adults in the U.S. were diagnosed with heart disease, thereby driving demand for cardiac chairs.
Figure:-Global Specialty Medical Chairs Market Value (US$ Mn) and Y-o-Y Growth (%)
Increasing number of hospitals and clinics is increasing the demand for specialty medical chairs such as birthing chairs, dialysis chairs, and rehabilitation chairs that serve specific purposes depending on their application. This in turn, is positively impacting growth of the specialty medical chairs market. For instance, according to American Hospital Association (AHA), an annual survey on hospitals in the U.S. reveals that, 5,534 hospitals were registered in the U.S. in 2017. According to the Central Bureau of Health Intelligence, the number of hospitals in India increased from 4,571 in 2000 to 11,993 in 2011.
Furthermore, increasing government funding towards expanding the healthcare sector is fueling growth of the market.
Rising prevalence of disability due to various factors such as increasing number of road accidents, spinal cord injuries, meningitis, and workplace injuries are expected to favor demand for wheelchairs over the forecast period. According to World Health Organization (WHO), around 10% people among the overall disabled population globally, require specialty medical chairs for their daily activities and physical movement.
Furthermore, the most common type of disability found was mobility disability, which was around 1 in 8 adults among all disabled cases in 2015, as stated by CDC.
Moreover, CDC also that in the U.S., around 39.6 million people aged 18 years and above are suffering from some physical functioning disability and this number is expected to increase over the forecast period. According to stats published by the Council for Disability Awareness (CDA), in 2013, in the U.S., 1 in 4 children under 20 years of age are expected to be disabled before they retire, due to various factors such as excess body weight and chronic diseases such as diabetes, high blood pressure, and back pain.
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.
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Shweta Joined: July 29th, 2020 Articles Posted: 122
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