Specialty medical chairs are an integral part of any healthcare institution. They help in improving the comfort of a patient during certain medical procedures and even enhance the mobility of a patient who cannot move freely otherwise. These specialized seating arrangements also consider the comfort of the doctor in terms of access to the patient as well as the various tools being used. Accessories in the global specialty medical chairs market include lighting arrays and instrument trays for operating and treatment chairs. On the other hand, rehabilitation chairs are built specifically for patients that possess limited mobility post-treatment or post-surgery.
The global specialty medical chairs market is progressing at a CAGR of 6.50% between 2015 and 2023. The market was recorded at US$3.8 bn in 2014. With a consistent growth rate projected, the global specialty medical chairs market should reach US$6.8 bn by the end of 2023.
The key companies in the global specialty medical chairs market are Forest Dental Products, Inc., DentalEZ, Inc., A-dec, Inc., Topcon Medical Systems, Inc., Invacare Corporation, Stryker Corporation, and Fresenius Medical Case. The global specialty medical chairs market is highly fragmented; larger players hold a relatively smaller share in the market, while regional limitations allow for market penetration by local companies.
Growing Geriatric Population Boosts Global Specialty Medical Chairs Market
The key growth driver for the global specialty medical chairs market is the growing number of elderly patients. With a higher amount of disposable income, patients can avail comfortable options in medical care, thereby increasing the demand for better builds of specialty chairs. Moreover, the advancement in manufacturing technology and materials allows for the creation of new designs with materials that are increasingly comfortable and reliable.The global specialty medical chairs market is, however, hampered by factors such as the use of refurbished medical furniture by healthcare organizations.
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Dialysis Chairs and Geriatric Chairs Lead Global Specialty Medical Chairs Market
The global specialty medical chairs market is broadly divided into three segments on the basis of product type: rehab chairs, treatment chairs, and examination chairs. In the case of examination chairs, the segment was led by dialysis chairs, which held 32.6% of the global examination chairs market in 2014. The segment is rising owing to the research and development efforts undertaken by multinational companies such as Invacare Corp. and Fresenius Medical Care, two companies that offer highly advanced dialysis chairs.
The rehabilitation chairs market is dominated by geriatric chairs and toilet chairs, two segments that collectively held more than half the market in 2014. The two segments are growing primarily due to the increase in the population of the elderly around the world.On the other hand, segments such as ENT chairs in the category of treatment chairs impart very little revenue to the global specialty medical chairs market. ENT chairs generate the lowest revenue, due to their low selling price in comparison to other treatment chairs.
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Geographically speaking, the global specialty medical chairs market was led collectively by Europe and North America in 2014, when they held nearly 68% of the market. On the other hand, Asia Pacific is expected to show the fastest growth rate due to its high population density and interest shown by international players in investing in Asia Pacific countries.