The global specialty medical chairs market size was valued at USD 2.51 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% over the forecast period. The growing geriatric population is expected to accelerate the demand for specialty medical chairs over the forecast period. According to a report published by the U.S. Census Bureau, the number of people aged 65 years and above in the country is expected to reach over 98 million by 2060. Thus, the growing target population will boost the product demand. This consequent increase in demand is expected to drive market growth over the forecast period.
The End-Stage Renal Disease (ESRD) regulations state that patients should receive the same type of care and treatment at home as they receive in hospitals, thereby increasing the product adoption in home-care. These factors are also expected to contribute to the growth of the specialty medical chairs market. The recent global pandemic crashed all markets and businesses around the world. The cancellation of all the non-essential services and day-to-day commute services along with lockdowns imposed in the majority of the countries has created an environment of ruckus and has adversely affected the world economy.
Top Key Players studied in Specialty Medical Chairs Market:
· A-dec, Inc.
· ActiveAid, Inc.
· DentalEZ, Inc.
· Fresenius Medical Care AG & Co. KGaA
· Topcon Corp.
· Midmark Corp.
· Danaher (KaVo Dental GmbH)
· Dentsply Sirona
· Planmeca Oy
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Global Specialty Medical Chairs Market Segmented by Product:
· Examination
· Treatment
· Rehabilitation
Global Specialty Medical Chairs Market Segmented by Region:
North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.)
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Many local and international medical device manufacturers are investing in this market due to its high growth potential. The competitive milieu has resulted in improved treatment delivery, better products, and increased patient safety. Most of the key players focus on mergers & acquisitions, new product development, collaborations & partnerships, and expansion strategies to strengthen their market position. For instance, in June 2017, Dentsply Sirona entered into a distribution agreement with Henry Schein Canada, Inc. to expand its distribution network in Canada.
The study objectives of this report are:
· To research global status, future forecasts, growth opportunities, key markets and key players.
· To present the market development in us, Europe and China.
· To strategically profile the key players and comprehensively analyze their development plan and methods.
Key aspects covered in the report include:
1.The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Specialty Medical Chairs market in the forecast period 2021-2028
3. Key companies operating in the global Specialty Medical Chairs market and their market share
4. The Factors that are estimated to drive the Specialty Medical Chairs Market growth
5. Key opportunities in the Specialty Medical Chairs market
6. Key technological advancements and market trends that shape the market
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Global “Specialty Medical Chairs Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Specialty Medical Chairs Industry.
Latest report on the global Specialty Medical Chairs market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length.
The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc.
It helps patients for improving mobility or in enhancing comfort during several surgical procedures.
The factors that propel the growth of the Specialty Medical Chairs Market comprise growing demand, increasing purchasing power, product development & technological innovations, and rapid urbanization & industrialization, well-established healthcare infrastructure & facilities, rise in disorders, an increase in R undertakings.
On the other hand, there are factors that may hamper the growth of the market such as economic stability and a high cost of specialty medical chairs.
Specialty Medical Chairs Market Overview: The global market for specialty medical chair is all set to benefit from the rapidly increasing healthcare sector in the emerging economies.
Market Research Future (MRFR) found several factors that can boost the global market revenues and impact the outcome.
Specialty Medical Chairs Market Segmentation:The global specialty medical chairs market size, as MRFR experts suggest, has been segmented that includes product type and application.
The treatment chair segment encompasses dental chair, ear, nose and throat chair, ophthalmic chair, and other surgical chair.
Specialty Medical Chairs Market Competitive Analysis: The global market for specialty medical chair is all set for a rapid growth during the forecast period with the boost from strategic moves implemented by companies like Fresenius SE & Co. KGaA, Dentsply Sirona, Danaher (KaVo Dental GmbH), ACTIVEAID, Inc, A-DEC, Inc, Topcon Medical Systems, Inc., DentalEZ, Inc, PLANMECA OY, Hill Laboratories Company, Midmark Corp., Rehab Seating Systems, Inc., Invacare Corporation, Marco, Forest Dental Products, Inc., and others.These companies are making a strong case for themselves in the market by getting involved in procedures like mergers, acquisitions, collaborations, and others.
Other procedures like branding, launching strategies, innovations, better research facilities, etc.
Global Specialty Medical Chairs Market is anticipated to reach 7.65 billion by 2025.
It helps patients for improving mobility or in enhancing comfort during several surgical procedures.
The factors that propel the growth of the Specialty Medical Chairs Market comprise growing demand, increasing purchasing power, product development & technological innovations, and rapid urbanization & industrialization, well-established healthcare infrastructure & facilities, rise in disorders, an increase in R undertakings.
On the other hand, there are factors that may hamper the growth of the market such as economic stability and a high cost of specialty medical chairs.
Specialty Medical Chairs Market may be explored by distribution channel as online stores, specialty stores, and others.
The factors that could be attributed to the growth include well-developed reimbursement structure, and increasing aged population, contributing to the overall revenue in this region.
