Global Specialty Medical Chairs Market is expected
to reach USD 7.65 billion by 2025,
according to a new report by Grand View Research, Inc., Increasing geriatric
population is expected to boost the adoption of specialty medical chairs. As
per WHO, it is estimated that from 2025 to 2050, the older population is expected
to almost double to 1.6 billion globally. According to The World Bank,
population in Asia Pacific region is aging rapidly. More than 211 million
people aged 65 years and above were living in East Asia and Pacific in 2010.
The older population is expected to grow by 22% every five years in East Asia.
This shows the potential demand for these equipment in the coming years.
As per the European
Health Interview Survey (EHIS), 51.6 % of the European populace (18 years and
above) was overweight in 2014. Rising prevalence of lifestyle-associated
diseases, such as diabetes, obesity, chronic kidney disease, and cardiovascular
disease, is increasing patient base for the adoption of these products.
Furthermore, growing disabled population as a result of a rise in incidence of
paralysis and spinal injuries is anticipated to drive the market to some
extent. According to CDC, 53 million people in the U.S. are living with a
disability.
Increasing
reimbursement policies and supportive regulatory framework in developed nations
are pushing the market growth. For instance, Medicare policies in the U.S.
offer reimbursement for equipment such as wheel chairs, recliners, and other
specialty medical chairs. In addition, key market players are offering
customized products to meet the various needs of doctors and patients. Rising
demand for new products, changing lifestyle, ease of use, and better facilities
are factors expected to provide lucrative opportunities.
Full Research Report on Global Specialty Medical Chairs
Market Analysis:
Further Key Findings From the Study Suggest:
- Rehabilitation specialty medical chair
held the dominant share of 40.94% in the market owing to the increasing
geriatric population
- Dialysis chair held the largest share in
the examination segment owing to increasing prevalence of chronic kidney
diseases and technologically advanced products offered by market leaders
in this segment
- Treatment segment is anticipated to grow
at a steady rate as these products are required for carrying out various
treatment procedures and offer better comfort to patients during surgeries
or other procedures
- Rehabilitation segment is also expected
to grow steadily owing to the rising geriatric population and increasing
demand for bathroom aids
- Asia Pacific region is anticipated to
grow at a lucrative CAGR of 7.5% owing to improving healthcare
infrastructure, growing geriatric population, and rising disposable
income, which is anticipated to drive the growth in Asia Pacific region
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Global Specialty
Medical Chairs Market on the basis of product and region:
Specialty Medical Chairs, Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Examination Chairs
- Birthing
- Cardiac
- Blood Drawing
- Dialysis
- Mammography
- Treatment Chairs
- Ophthalmic
- ENT
- Dental
- Others
- Rehabilitation Chairs
- Pediatric
- Bariatric
- Geriatric
- Others
Specialty Medical Chairs, Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- The Middle East and Africa
- South Africa
- Saudi Arabianb
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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