Specialty Medical Chairs Market Expected to Reach $7.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Specialty Medical Chairs Market," The Specialty Medical Chairs Market Size was valued at $4.1 billion in 2021, and is estimated to reach $7.9 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

Specialty medical chairs can be used for examination, treatment, or rehabilitation. These are designed to allow doctors to access their patients while also meeting the patient's comfort and medical needs. These devices can be powered either manually or by using batteries.

Examining chairs, such as those used for birthing, cardiac procedures, blood draws, dialysis, mammography, and other procedures, are a few examples of often used specialist medical chairs. The therapy chair and rehabilitation chair are further types of chairs. Geriatric, pediatric, bariatric, toilet, and other chairs are examples of rehabilitation chairs. They will assist with blood sample collection as well, which will aid in the diagnosis of various diseases. For example, a birthing chair assists women in maintaining a physically upright position when giving birth.

The key factors that drive the growth of the Specialty Medical Chairs Market Size in forecast period are the rise in the prevalence of cancer and chronic diseases, increase in geriatric population for rehab purposes, increase in adoption of technologically advanced specialty medical chairs, surge in investments in R&D by pharmaceutical companies and rise in number of surgical procedures for ophthalmic, dental, and ENT disorders. For instance, according to the report published in Healio Journal in February 2021, about 10,000 U.S. cataract surgeons performed approximately 4 million procedures, for an average of 400 per year per surgeon. In 2030, a slightly smaller group of surgeons will perform 6 million procedures, with an average annual volume of just more than 600 procedures per year. The mean age of the patient undergoing cataract surgery will decline by 5 years, from 73 to 68 years in 2030.

Furthermore, an increase in incidence of gynecologic diseases in women and rise in demand for gynecologic examination chairs for examining pregnant women are expected to increase the adoption of examination chairs market during the forecast period, which propels the growth of the market.

However, high cost of specialty medical chairs are the major barriers for the growth of the market. Emerging economies such as India, China, Mexico, and Brazil are anticipated to create new opportunities for the key players to provide specialty medical chairs at low cost in developing countries. 

On the basis of product, the Specialty Medical Chairs Market Analysis is done into treatment chair, examination chair and rehabilitation chair. In 2021, the treatment chair segment accounted for the largest share of the market. The dominance of this segment can be attributed to rise in the prevalence of ophthalmic disorders and the surge in the number of visits to dentist’s clinics are the key Specialty Medical Chairs Market Trends trends that  propel the growth of the market.

On the basis of type, the Specialty Medical Chairs Industry is segmented into electric chairs and manual chairs. The electric chair segment exhibited the highest Specialty Medical Chairs Market Share in 2021 and is anticipated to lead during the forecast period, owing to a rise in demand for a high-quality electronic chair as well as a rise in awareness related to the use of electronic wheelchairs, electromechanical systems that have safety precaution settings such as actuators that lock the chair in place in the event of sudden power loss to prevent accidents.

By end user, the Specialty Medical Chairs Industry is segmented into hospitals, clinics, and others. The hospital's segment exhibited the highest growth in 2021 and is anticipated to lead during the forecast period, owing to an increase in the number of hospitals which is increasing the demand for specialty medical chairs such as birthing chairs, dialysis chairs, and rehabilitation chairs that serve specific purposes depending on their application.

North America accounted for a majority of Specialty Medical Chairs Market Share in 2021 and is anticipated to remain dominant during the forecast period owing to high adoption of technologically advanced specialty medical chairs, and an increase in the number of private clinics and hospitals.

Asia-Pacific is expected to register the fastest CAGR during the forecast period. The market growth in the Asia-Pacific region is supplemented by the high prevalence of chronic diseases and the surge in the geriatric population. In addition, the increase in patient awareness and the presence of high unmet needs in these nations, especially in countries such as India and China, are expected to further drive the market growth.

The key players that operate in the Specialty medical chairs market are A-Dec Inc, Craftsmen Contour Equipment Inc, Danaher Corporation, Dentalez Inc, Dentsply Sirona, Diplomat Dental, Henry Schein, Midmark Corporation, Planmeca OY, XO Care A/S.

Key Findings of the Study

• By product, the treatment chair segment was the highest contributor to the market in 2021.
• By type, the electric chair segment was the highest contributor in 2021.
• By end user, the hospitals segment dominated the market in 2021 and is expected to continue this trend during the forecast period.
• By region, North America held the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.