Increasing geriatric populace is predicted to raise the demand for specialty medical chairs. It has been estimated that the number of people aged 65 years and above in the United States will surpass 98 million by 2060, according to United States Census Bureau. With the expansion of the target population, the demand for these chairs is expected to rise. This factor is likely to play an important role in driving expansion of the global specialty medical chairs market is anticipated to rise. Besides, advent of technologically sophisticated and completely automated medical chairs is expected to create lucrative growth opportunities for the players in the global specialty medical chairs market over the projection timeline, from 2020 to 2030.
These factors demonstrate immense growth opportunities for geriatric chairs in the years to come. With the increasing incidences of various lifestyle-related diseases, such as cardiovascular diseases (CVDs), chronic kidney diseases, obesity, and diabetes is likely to foster growth of the global specialty medical chairs market in the near future. Besides that, the demand is projected to accelerate as the number of cases of disability and spinal injuries increases. In developed countries, favorable policy structures and rising reimbursement policies are also expected to driving demand for these chairs in the near future.
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This study titled “global specialty medical chairs market” has included a detailed discussion on the important segments of the said market, namely product, and regional markets. It also comes with an inclusion of evaluation of the existing competition in the global specialty medical chairs market over the assessment timeline, from 2020 to 2030.
Global Specialty Medical Chairs Market: Key Trends
Specialty medical chairs refer to those medical equipment that are utilized to assist patients in obtaining more mobility or ease as a result of various surgical procedures. These chairs are designed to provide increased convenience to patients during the process of recovery as well as to facilitate healthcare practitioners and physicians in conducting the treatment or any other procedure.
The spike in the number of elderly patients has resulted in higher demand for specialty medical chairs, which is likely to emerge as a major factor likely to add to the growth of the market. Fully automated specialty medical chairs are foreseen to benefit from increasing technological advancements and thus provide huge opportunities for growth. The key players offer customized chairs so as to meet up with the needs of clinicians and patients in terms of disease evaluation and care. This factor is likely to drive overall growth of the market over the projected period, from 2020 to 2030. The rise in the global aging populations has led to a rise in the prevalence of various diseases, such as cardiovascular diseases. As such, increasing geriatric populace is estimated to produce to the scope growth for the players in global specialty medical chairs market.
Global Specialty Medical Chairs Market: Competitive Assessment
Because of the market’s strong growth potential, many international and domestic medical device manufacturers have invested in it. Due to the extreme competitive environment, patient care has been enhanced, products have become better, and treatment quality has improved. To improve their market positioning, the majority of the major players have been concentrating on expansion strategies, alliances and partnerships, expansion strategies, new product growth, and acquisitions and mergers.
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Some of the well-known players in the global specialty medical chairs market are listed below:
- Fresenius Medical Care AG & Co. KGaA
- Danaher Corporation
- Hill Laboratories Company
- Dentsply Sirona
- Midmark Corporation
- ActiveAid, Inc.
Global Specialty Medical Chairs Market: Regional Assessment
Asia Pacific is anticipated to witness the rapid growth in the global specialty medical chairs market over the projection timeline, from 2020 to 2030. Expanding base of geriatric population and increased spending on healthcare in the region is likely to augur well for the regional market in the years to come.
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