Specialty Medical Chairs Market to Surpass USD 8239.2 Million by 2026

Global specialty medical chairs market is estimated to be valued at USD 5086.1 million in 2018 and is projected to exhibit a CAGR of 6.2 percent from 2017 – 2026. Increasing number of hospitals and clinics are expected to foster growth of the specialty medical chairs market. For instance, according to American Hospital Association (AHA), an annual survey of hospitals in the US, suggests the total number of registered hospitals in the US in 2017 were 5,534. Specialty medical chairs are used in hospitals and clinics for examination, treatment or rehabilitation purpose. However, the high cost associated with specialty medical chairs is a major factor hampering growth of the market.

Manufacturers are hence investing in innovation to manufacture cost-effective specialty medical chairs. Several local companies in Asia offer comparable performance levels as that of high-end manufacturers, at affordable costs. Furthermore, key players are focusing on research and development of new products, which in turn, is expected to boost growth of the market. For instance, Fresenius Kabi spent USD 371.9 million and USD 367 million in 2016 and 2015, respectively on research and development activities, witnessing 5 percent increase over the prior year. This is expected to increase the launch of new products.

A-Dec Inc.—a US-based company—is also focused on developing complex dental chairs and dental stools that are user friendly, by integrating various aspects such as simple controls with innovative hydraulic lift system to enhance its durability, comfort, and ease of convenience for differently-abled individuals. Moreover, the dental chairs manufactured by the company are highly durable and flexible and can easily be assembled according to specific consumer needs.

Further, AccessAbilities Expo 2017 is the Middle East’s dedicated exhibition for the products, services, and technologies related to disabilities and rehabilitation sector. Such events significantly increase awareness among the populace, which is expected to fuel growth of the Middle East specialty medical chairs market. These 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. – Coherent Market Insights