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(EMAILWIRE.COM, August 13, 2018 ) Global Specialty Medical Chairs Market, by Product Type (Examination Chair (Birthing Chairs, Cardiac Chairs, Blood Drawing Chairs, Dialysis Chairs, and Mammography Chairs), Treatment Chairs (Ophthalmic Chairs, ENT Chairs, and Dental Chair), and Rehabilitation Chairs) is estimated to be valued at US$ 5,086.1 million in 2018 and is projected to exhibit a CAGR of 6.2% over the forecast period (2017 – 2026) as highlighted in a new report published by Coherent Market Insights. Increasing number of hospitals and clinics are expected to foster growth of the specialty medical chairs market. For instance, according to American Hospital Association (AHA), an annual survey of hospitals in the U.S., suggests the total number of registered hospitals in the U.S. in 2017 were 5,534.
Specialty medical chairs are used in hospitals and clinics for examination, treatment or rehabilitation purpose. However, the high cost associated with specialty medical chairs is a major factor hampering growth of the market. Manufacturers are hence investing in innovation to manufacture cost-effective specialty medical chairs. Several local companies in Asia offer comparable performance levels as that of high-end manufacturers, at affordable costs. Furthermore, key players are focusing on research and development of new products, which in turn, is expected to boost growth of the market. For instance, Fresenius Kabi spent US$ 371.9 million and US$ 367 million in 2016 and 2015, respectively on research and development activities, witnessing 5% increase over the prior year. This is expected to increase the launch of new products over the forecast period.
A-Dec Inc.—a U.S.-based company—is also focused on developing complex dental chairs and dental stools that are user friendly, by integrating various aspects such as simple controls with innovative hydraulic lift system to enhance its durability, comfort, and ease of convenience for differently-abled individuals. Moreover, the dental chairs manufactured by the company are highly durable and flexible and can easily be assembled according to specific consumer needs.
Browse 15 Market Data Tables and 18 Figures spread through 129 Pages and in-depth TOC on " Specialty Medical Chairs Market, by Product Type (Examination Chair (Birthing Chairs, Cardiac Chairs, Blood Drawing Chairs, Dialysis Chairs, and Mammography Chairs), Treatment Chairs (Ophthalmic Chairs, ENT Chairs, and Dental Chair), and Rehabilitation Chairs), By Region (North America, Europe, Latin America, Middle East, Asia Pacific, Africa) - Global Forecast to 2026"
Latest trends and insights prevalent in the Specialty Medical Chairs Market
Further, AccessAbilities Expo 2017 is the Middle East’s dedicated exhibition for the products, services, and technologies related to disabilities and rehabilitation sector. Such events significantly increase awareness among the populace, which is expected to fuel growth of the Middle East Specialty Medical Chairs Market. These exhibitions also aim at motivating government authorities and private sector players to change their perception about people with special needs and disabilities, and improve their services to meet the demands of disabled people.
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Key takeaways of the Specialty Medical Chairs Market:
The global specialty medical chairs market is expected to expand at a CAGR of 6.2% during the forecast period (2018–2026), owing to increasing number of hospitals and healthcare centers
Among product types, the rehabilitation segment is expected to hold a major market share over the forecast period. Owing to increasing prevalence of disability among the geriatric population. According to the World Health Organization (WHO), around 10% of the disabled people across the globe require wheelchairs for their daily activities
Some of the major players operating in global specialty medical chairs market are Danaher Corporation, Fresenius Kabi AG, A-DEC, Inc, ACTIVEAID, Inc, DentalEZ, Inc, Topcon Medical Systems, Inc., Midmark Corp., PLANMECA OY, and Hill Laboratories Company.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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