Specialty medical chairs market studies the wide product range such as examination chairs, treatment chairs, and rehabilitation chairs. Such specialized solutions are used for performing various surgical procedures and are equipped with medical accessories such as instrument tray and operating light for the convenience of physicians; whereas products such as rehabilitation chairs are designed for patients with limited mobility to accomplish daily living tasks. The market for specialty medical chairs is witnessing positive growth due to various factors such as advancement in technologies, consistent rise in geriatric population, increasing research and development initiatives by key companies to develop novel medical chairs and others. Additionally, increase in the disabled population pool worldwide also supports the market growth. For instance, the World Health Organization (WHO) estimated that over 15% of the global population has some form of disability. According to the United Nations Development Program (UNDP), 80% of the disabled persons reside in developing regions such as Latin America, Asia Pacific and Africa. Thus, rising incidence of disabilities, coupled with increasing demand for specialized seating solutions is expected to fuel the growth of the specialty medical chairs market. Conversely, high cost coupled with growing use of refurbish medical chairs hamper the market growth to some extent.
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The global specialty medical chairs market is studied in terms of product types and regional distribution. Specialty medical chairs market, by product types is divided into examination chairs, treatment chairs and rehabilitation chairs. Collectively, treatment chairs and rehabilitation chairs market captured majority share of the global market, more than 75% in 2014. Growing concept for home healthcare coupled with increasing demand for treatment chairs such as dental chairs and ophthalmic chairs helped these segments to record highest market share. Examination chairs market is represented by birthing chairs, cardiac chairs, blood drawing chairs, dialysis chairs and mammography chairs. Among these, birthing chairs are considered as the lowest revenue generating segment of the all the product categories. Problems such as the risk of excessive tearing and postpartum hemorrhage while using these chairs restricts their uptake, leading to hamper the market growth.
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Globally, specialty medical chairs is segmented into regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). North America is the largest regional market for specialty medical chairs owing to attractive reimbursement for the medically necessary chairs such as wheelchairs and bariatric chairs by governments in the region increase demand for specialty medical chairs. Europe is the second largest market, accounted for more than 25% share of the global specialty medical chairs market revenue. The growth in the region is attributed to the strategic partnership and merger and acquisition of companies to expand their presence in European countries. On the other hand, Asia Pacific market registered the fastest growth during the given forecast period. Countries such as India, China, Japan and Malaysia together determine the market trends in Asia Pacific. Large geriatric population coupled with high demand for medical chairs across these countries contribute to the growth of the market.
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Fresenius Medical Care, Invacare Corporation Stryker Corporation, Topcon Medical Systems, Inc., A-dec, Inc., DentalEZ, Inc., Forest Dental Products, Inc. and others are some of the key players having presence in the global specialty medical chairs market. The global specialty medical chairs market is fragmented in nature, with large number of companies accounting for a small percentage share of the market.
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