Global Specialty Medical Chairs Market: Snapshot
A burgeoning geriatric population is the main driver of demand for specialty medical chairs. Other factors stoking market growth are growing healthcare outlays in developing countries and constant thrust on innovation to create better products by leading manufacturers such as Fresenius Medical Care, Invacare Corporation, and Topcon Medical Systems, Inc. One factor posing a challenge to the market for specialty medical chairs is their expensiveness and the steep cost of refurbishing old ones. In order to make the most of the opportunity in the market, success-hungry companies need to reduce prices.
A noticeable trend in the global specialty medical chairs market is companies focusing on expanding their distribution channels by forging alliances with private clinics, multispecialty clinics, and distributers.
Owing to such efforts of players and other tailwinds, the global market for specialty medical chairs is expected to rise at a CAGR of 6.5% from 2015 to 2023, foretells a research study by Transparency Market Research. The report expects the market to clock a value of US$6.75 bn by 2023-end from US$3.80 bn in 2014.
Rehabilitation Chairs to be Dominant Product Segment due to Growing Popularity of Home Healthcare
Popular products in the global specialty medical chairs market are treatment chairs, examination chairs, and rehabilitation chairs. Cardiac chairs, birthing chairs, blood drawing chairs, mammography chairs, and dialysis chairs are the different varieties of examination chairs available in the market. Treatment chairs are again divided into ENT chairs, ophthalmic chairs, and dental chairs. And rehabilitation chairs are comprised of pediatric chairs, geriatric chairs, bariatric chairs, and toilet chairs. Going forward, the segment of rehabilitation chairs is expected to emerge as the top revenue grosser in the market on the back of rising uptake of home health care and innovative business strategies of players. The segment is anticipated to pull in a CAGR of 6.5% in the forecast period during 2015 and 2023. The treatment chairs on the other had are expected to rise at a higher CAGR of 8.1% in the same period.
Manufacturers are seen pouring money into development of more effective specialty medical chairs to suit various needs such as to cardiac problems, pregnancy, and obesity. With the emergence of more sophisticated products offering higher comfort and improved technologies on account of such product innovation efforts by players, the market will benefitted in the near term, feels the analyst at TMR.
Numerous Dental, ENT, and Ophthalmic Clinics Make North America Dominant Region
Key geographic regions in the global specialty medical chairs market are Asia Pacific, North America, Europe, and the Rest of the World. Of them, North America has the largest share in the market. In 2014, its dominant share came to around a significant 43.1%. In the years ahead too, the segment is predicted to retain its market position by rising at a CAGR of 6.8%. The market in the region is being mainly boosted by the good number of dental, ophthalmic, and ENT clinics, particularly in the U.S. and Canada. Apart from that, supportive reimbursement policies for bariatric chairs and wheelchairs in the region have also had a positive impact on the market.
Asia Pacific is another key market for specialty medical chairs. Mainly fuelling the market in the region is the increasing pool of elderly people and the growing disposable incomes of the people. China, India, Singapore, and South Korea are mainly driving the growth in Asia Pacific.
Prominent participants in the global market for specialty medical chairs are Fresenius Medical Care, Forest Dental Products, Inc., A-dec, Inc., Invacare Corporation, ACTEVAID, Inc., and DentalEZ amongst others.
Specialty medical chairs market to clock a value of US$6.75 bn by 2023-end
Specialty medical chairs market is expected to rise at a CAGR of 6.5% from 2015 to 2023
Specialty medical chairs market is driven by rising need for personalization of specialty medical chairs based on the different requirements of several patients and medical practitioners
North America accounted for a major share of the global specialty medical chairs market
Key players operating in the global specialty medical chairs market include Fresenius Medical Care, Forest Dental Products, Inc., A-dec, Inc., Invacare Corporation, ACTEVAID, Inc., and DentalEZ amongst others
Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Sources
1.3.1.1 Secondary Research
1.3.1.2 Primary Research
1.3.1.3 Assumption
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot: Specialty Medical Chairs Market (2014 & 2023)
2.2 Specialty Medical Chairs Market, by Product Type, 2014 (USD Million)
2.2.1 Comparative Analysis: Specialty Medical Chairs Market, by Geography, 2014 and 2023 (Value %)
Chapter 3 Market Overview
3.1 Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Introduction of technologically advanced medical chairs
3.2.1.2 Changing demographics support market growth
3.2.1.2.1 Global Percentage Change in the World’s Population by Age: 2010–2050
3.2.2 Market Restraints
3.2.2.1 High cost coupled with growing use of refurbished medical chairs
3.2.3 Opportunities
3.2.3.1 Investing in emerging economies provides a good platform for the manufacturers to record high revenue
3.2.3.1.1 Latin America Aging Population % Change as Compared to the total Latin American Population Age: 2005–2050
3.3 Porter’s Five Forces Analysis: Global Specialty Medical Chairs Market
3.3.1 Bargaining power of suppliers - Moderate
3.3.2 Bargaining power of buyers - High
3.3.3 Threat of substitutes - Low
3.3.4 Threat of new entrants - Moderate
3.3.5 Competitive rivalry - High
3.4 Market Attractiveness Analysis: Global Specialty Medical Chairs Market, by Geography
3.5 Value Chain Analysis
3.6 End-user Analysis
3.6.1 Comparative Analysis: Specialty Medical Chairs Market, by End-users, 2014 and 2023 (Value %)
Chapter 4 Specialty Medical Chairs Market, by Product Types
4.1 Introduction
4.1.1 Global Specialty Medical Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
4.2 Examination Chairs
4.2.1 Examination Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
4.2.2 Birthing Chairs
4.2.2.1 Birthing Chairs Market Revenue, 2013 – 2023 (USD Million)
4.2.3 Cardiac Chairs
4.2.3.1 Cardiac Chairs Market Revenue, 2013 – 2023 (USD Million)
4.2.4 Blood Drawing Chairs
4.2.4.1 Blood Drawing Chairs Market Revenue, 2013 – 2023 (USD Million)
4.2.5 Dialysis Chairs
4.2.5.1 Dialysis Chairs Market Revenue, 2013 – 2023 (USD Million)
4.2.6 Mammography Chairs
4.2.6.1 Mammography Chairs Market Revenue, 2013 – 2023 (USD Million)
4.3 Treatment Chairs
4.3.1 Treatment Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
4.3.2 Ophthalmic Chairs
4.3.1.1 Ophthalmic Chairs Market Revenue, 2013 – 2023 (USD Million)
4.3.2 Ear, Nose and Throat (ENT) Chairs
4.3.2.1 Ear, Nose and Throat (ENT) Chairs Market Revenue, 2013 – 2023 (USD Million)
4.3.3 Dental Chairs
4.3.3.1 Dental Chairs Market Revenue, 2013 – 2023 (USD Million)
4.3.4 Other Surgery Chairs
4.3.4.1 Other Surgery Chairs Market Revenue, 2013 – 2023 (USD Million)
4.4 Rehabilitation Chairs
4.4.1 Rehabilitation Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
4.4.2 Geriatric Chairs
4.4.2.1 Geriatric Chairs Market Revenue, 2013 – 2023 (USD Million)
4.4.3 Paediatric Chairs
4.4.3.1 Pediatric Chairs Market Revenue, 2013 – 2023 (USD Million)
4.4.4 Bariatric Chairs
4.4.4.1 Bariatric Chairs Market Revenue, 2013 – 2023 (USD Million)
4.4.5 Toilet Chairs
4.4.5.1 Toilet Chairs Market Revenue, 2013 – 2023 (USD Million)
Chapter 5 Specialty Medical Chairs Market, by Geography
5.1 Overview
5.1.1 Specialty Medical Chairs Market Revenue, by Geography, 2013 – 2023 (USD Million)
5.2 North America
5.2.1 North America Specialty Medical Chairs Market Revenue, by Country, 2013 – 2023 (USD Million)
5.2.2 United States
5.2.2.1 United States Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.2.3 Canada
5.2.3.1 Canada Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.3 Europe
5.3.1 Europe Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
5.3.2 United Kingdom
5.3.2.1 United Kingdom Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.3.3 Germany
5.3.3.1 Germany Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.3.4 Rest of Europe
5.3.4.1 Rest of Europe Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
5.4.2 India
5.4.2.1 India Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.4.3 China
5.4.3.1 China Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.4.4 Rest of Asia Pacific
5.4.4.1 Rest of Asia Pacific Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.5 Latin America
5.5.1 Latin America Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
5.5.2 Brazil
5.5.2.1 Brazil Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.5.3 Mexico
5.5.3.1 Mexico Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.5.4 Rest of Latin America
5.5.4.1 Rest of Latin America Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.6 Middle East and Africa (MEA)
5.6.1 MEA Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
5.6.2 South Africa
5.6.2.1 South Africa Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
5.6.3 Rest of MEA
5.6.3.1 Rest of MEA Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
Chapter 6 Recommendations
6.1 Market Strategy for Success
6.1.1 Investing in emerging economies such as China, India and Russia
6.1.2 Broadening distribution network
Chapter 7 Company Profiles
7.1 ACTIVEAID, Inc.
7.1.1 Company Overview
7.1.2 Financial Overview
7.1.3 Product Portfolio
7.1.4 Business Strategy
7.1.5 Recent Developments
7.2 A-dec, Inc.
7.2.1 Company Overview
7.2.2 Financial Overview
7.2.3 Product Portfolio
7.2.4 Business Strategy
7.2.5 Recent Developments
7.3 DentalEZ, Inc.
7.3.1 Company Overview
7.3.2 Financial Overview
7.3.3 Product Portfolio
7.3.4 Business Strategy
7.3.5 Recent Developments
7.4 Forest Dental Products, Inc.
7.4.1 Company Overview
7.4.2 Financial Overview
7.4.3 Product Portfolio
7.4.4 Business Strategy
7.4.5 Recent Developments
7.5 Fresenius SE & Co. KGaA
7.5.1 Company Overview
7.5.2 Financial Overview
7.5.3 Product Portfolio
7.5.4 Business Strategy
7.5.5 Recent Developments
7.6 Invacare Corporation
7.6.1 Company Overview
7.6.2 Financial Overview
7.6.3 Product Portfolio
7.6.4 Business Strategy
7.6.5 Recent Developments
7.7 Marco
7.7.1 Company Overview
7.7.2 Financial Overview
7.7.3 Product Portfolio
7.7.4 Business Strategy
7.7.5 Recent Developments
7.8 Rehab Seating Systems, Inc.
7.8.1 Company Overview
7.8.2 Financial Overview
7.8.3 Product Portfolio
7.8.4 Business Strategy
7.8.5 Recent Developments
7.9 Topcon Medical Systems, Inc.
7.9.1 Company Overview
7.9.2 Financial Overview
7.9.3 Product Portfolio
7.9.4 Business Strategy
7.9.5 Recent Developments
List of Tables
TABLE 1 List of Abbreviations
TABLE 2 Market Snapshot: Specialty Medical Chairs Market (2014 & 2023)
TABLE 3 Impact Analysis of Market Drivers
TABLE 4 Impact Analysis of Market Restraints
TABLE 5 Global Specialty Medical Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
TABLE 6 Examination Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
TABLE 7 Treatment Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
TABLE 8 Rehabilitation Chairs Market Revenue, by Product Types, 2013 – 2023 (USD Million)
TABLE 9 Specialty Medical Chairs Market Revenue, by Geography, 2013 – 2023 (USD Million)
TABLE 10 North America Specialty Medical Chairs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 11 Europe Specialty Medical Chairs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 12 Asia Pacific Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
TABLE 13 Latin America Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
TABLE 14 MEA Specialty Medical Chairs Market Revenue, by Country, 2012 – 2020 (USD Million)
List of Figures
FIG. 1 Specialty Medical Chairs Market: Market Segmentation
FIG. 2 Specialty Medical Chairs Market, by Product Type, 2014 (USD Million)
FIG. 3 Comparative Analysis: Specialty Medical Chairs Market, by Geography, 2014 and 2023 (Value %)
FIG. 4 Global Percentage Change in the World’s Population by Age: 2010–2050
FIG. 5 Latin America Aging Population % Change Compared to the total Latin American Population Age: 2005–2050
FIG. 6 Porter’s Five Forces Analysis: Global Specialty Medical Chairs Market
FIG. 7 Market Attractiveness Analysis: Global Specialty Medical Chairs Market, by Geography
FIG. 8 Specialty Medical Chairs Market: Value Chain Analysis
FIG. 9 Comparative Analysis: Specialty Medical Chairs Market, by End-users, 2014 and 2023 (Value %)
FIG. 10 Birthing Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 11 Cardiac Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 12 Blood Drawing Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 13 Dialysis Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 14 Mammography Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 15 Ophthalmic Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 16 Ear, Nose and Throat (ENT) Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 17 Dental Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 18 Other Surgery Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 19 Geriatric Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 20 Paediatric Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 21 Bariatric Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 22 Toilet Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 23 United States Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 24 Canada Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 25 United Kingdom Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 26 Germany Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 27 Rest of Europe Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 28 India Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 29 China Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 30 Rest of Asia Pacific Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 31 Brazil Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 32 Mexico Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 33 Rest of Latin America Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 34 South Africa Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 35 Rest of MEA Specialty Medical Chairs Market Revenue, 2013 – 2023 (USD Million)
FIG. 36 Fresenius Medical Care, Annual Revenue: 2012 – 2014 (USD Million)
FIG. 37 Invacare Corporation: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 38 Topcon Medical Systems, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
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Specialty Medical Chairs Market Forecast Report, 2015-2023
*86 figures and 60 tables includes