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Specialty Medical Chairs Market To Garner US$ 8,239.2 Million By 2026 | CAGR: 6.2%: Coherent Market Insights

September 18th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Global Specialty Medical Chairs Market, by Product Type (Examination Chair (Birthing Chairs, Cardiac Chairs, Blood Drawing Chairs, Dialysis Chairs, and Mammography Chairs), Treatment Chairs (Ophthalmic Chairs, ENT Chairs, and Dental Chair), and Rehabilitation Chairs) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 5,086.1 million in 2018 and is projected to exhibit a CAGR of 6.2% over the forecast period (2017 – 2026).

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/2051

The medical chairs market growth is driven by rising number of hospitals and clinics, globally. For instance, according to American Hospital Association (AHA), an annual survey of hospitals in the U.S. showed the total number of registered hospitals in the U.S. in 2017 were 5,534. Specialty medical chairs find applications in hospitals and clinics for examination, treatment or rehabilitation purpose. However, the market growth is expected to be hampered by the high cost of these chairs. Therefore, in order to develop cost-effective specialty medical chairs, manufacturers are investing in innovation.

In Asia, various local players offer comparable performance levels as that of high-end manufacturers, at affordable costs. Major players in the market are focusing on R&D of new products, which is projected to drive the market growth over the forecast period. For instance, Fresenius Kabi spent US$ 371.9 million and US$ 367 million in 2016 and 2015, respectively on research and development activities, witnessing 5% increase when compared to the previous year. This is expected to result in rising number of new product launches during the forecast period. Moreover, A-Dec Inc., a U.S.-based company, is focused on developing complex dental chairs and dental stools that are user friendly. This is ensured by the company by integrating various features such as simple controls with innovative hydraulic lift system. This will aid in enhancing its durability, comfort, and ease of convenience for differently-abled individuals. Moreover, A-Dec Inc.’s dental chairs are highly durable, flexible, and can easily be assembled depending on specific consumer needs.

Browse 15 Market Data Tables and 18 Figures spread through 129 Pages and in-depth TOC on “Specialty Medical Chairs Market, by Product Type (Examination Chair (Birthing Chairs, Cardiac Chairs, Blood Drawing Chairs, Dialysis Chairs, and Mammography Chairs), Treatment Chairs (Ophthalmic Chairs, ENT Chairs, and Dental Chair)), and Rehabilitation Chairs) and by Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) – Global Forecast to 2026”

To know the latest trends and insights related to specialty medical chairs market Press Release, click the link below: https://bit.ly/3kseLJx

Events such as exhibitions and conferences help in creating awareness among the population, which is expected to drive the market growth. For instance, AccessAbilities Expo 2017 is the Middle East’s dedicated exhibition for products, services, and technologies related to disabilities and rehabilitation sector. Such exhibitions also aim at motivating government authorities and private sector players to change their perception about people with special needs and disabilities, and improve their services to meet the demands of disabled people.

Key takeaways of the Specialty Medical Chairs Market:

  • The global specialty medical chairs market is expected to exhibit a CAGR of 6.2% during the forecast period (2018–2026). This is attributed to rising number of hospitals and healthcare centers.
  • Among product type, the rehabilitation segment is expected to account for major market share during the forecast period. This is attributed to rising prevalence of disability among geriatric population. According to the World Health Organization (WHO), around 10% of the disabled people across the globe require wheelchairs for their daily activities.
  • Key players operating in global specialty medical chairs market include Danaher Corporation, Fresenius Kabi AG, A-DEC, Inc, ACTIVEAID, Inc, DentalEZ, Inc, Topcon Medical Systems, Inc., Midmark Corp., PLANMECA OY, and Hill Laboratories Company

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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