Specialty Medical Chairs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The specialty medical chairs market studied is anticipated to grow with a CAGR of 6.3%, during the forecast period. The significant factor attributing the market's growth is the growing number of geriatric population, rising patient pool which leads to to the increase in demand of the specialty medical chairs. The rising technological development, completely automated specialty medical chairs are expected to serve growth opportunities in the market. The major players provide personalized chairs to meet the demands of patients & physicians regarding the assessment and treatment of different diseases, thus accelerating market growth throughout the forecast period. Worldwide, the growth of the geriatric population has led to increased various disease prevalence such as cardiovascular. All these key factors are expected to boost the growth of specialty medical chairs market in the future.

Key Market Trends

Rehabilitation Chairs segment is Expected to Hold the Largest Market Share in the Specialty Medical Chairs Market

• The rehabilitation chairs segment retains a dominant share owing to an increase in unhealthy lifestyles, an increase in the elderly population leading to a neurological disorder, an increase in a number of chronic conditions such as cardiovascular disease, cancer, Alzheimer's disease, Orthopedic Disorders, and others. Innovation has also resulted in the increased demand for smart aided devices like rehabilitation chairs which will further drive the market growth during the forecast period.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to maintain its supremacy in the overall specialty medical chairs market, throughout the forecast period. This is owing to factors such as the growing patient's pool, rising geriatric population. As per the U.S. Census Bureau 2017 Population Projections, by 2035, 78.0 million people will be over 65 years of age, rather than 76.7 million under 18 years of age in the U.S. Further, rising prevalence of chronic diseases in the region, technological advancement, and the domicile presence of some of the key players in the region are driving the market and responsible for ensuring the dominance of the region.

Competitive Landscape

The specialty medical chair market is highly competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making collaborations, acquisition, and launching new products with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Dentsply Sirona, A-dec Inc., PLANMECA OY, Midmark Corporation, and ATMOS MedizinTechnik GmbH & Co. KG

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