Clinical Chairs Market- Overview
The modernization of healthcare services in developing countries is anticipated to provide sizeable growth opportunities to the clinical chairs market in the years ahead. Spike in government budgets for modernization of public health institutions in developing countries has led to rise in installation of medical service furniture, including clinical chairs and examination beds.
Besides this, surge in demand for emergency, mobility, and rehabilitation medical services has led to tremendous growth of clinical chairs market. Clinical chairs find extensive use for acute care, community hospital care, primary care, dental care, and rehabilitation purposes. According to data published by the U.S. Census Bureau, in the U.S., population of people above the age of 65 years is expected to reach 98 million by 2060. And, global geriatric population is expected to reach 1.6 billion. Such rise in global geriatric population, resulting in increase in patient base, is likely to boost the demand for clinical chairs.
The report provides valuable insights into the clinical chairs market, including demand dynamics, growth trends, and vendor landscape for the forecast period 2020 – 2030. The analysis of the clinical chairs market for the forecast period is supported by historical data, present data, and growth projections.
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Clinical Chairs Market- Competitive Landscape
The clinical chairs market features a competitive vendor landscape with the presence of several prominent players. Product innovation and business collaborations are focus of keen players to sustain competition in the clinical chairs market. Strategic alliances and partnerships to penetrate into regional markets is also what keen players in the clinical chairs market are striving for.
Prominent players in the clinical chairs market include ArjoHuntleigh, Hill-Rom Inc., Invacare Corporation, HARD Manufacturing Co. Inc., Fresenius Medical Care, PLANMECA OY, Stryker Corporation, Graham Field Health Products Inc., Columbia Medical, Dentsply Sirona, Midmark Corp., and Danaher.
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Clinical Chairs Market- Key Trends
High incidence of lifestyle-related diseases such as cardiovascular diseases, obesity, paralysis, and spinal injuries, and rise in geriatric population are two key factors fuelling the clinical chairs market. Medical examination for healthcare conditions is mostly performed on clinical chairs that are adjustable in position for examination. Clinical chairs can be reclined, partially reclined, or can be adjusted to be completed upright depending on the part of the body to be examined. Function-wise, clinical chairs are either battery-operated or operated manually, and have electric points to plug-in examination equipment. Over-the-head lighting is a common feature of clinical chairs for clear view of Clinical chairs allow comfort to patients, and enable medical staff to render satisfactory service.
Dental clinical chairs are another type of chairs in the clinical chairs market. Dental clinical chairs are equipped with a water connection for patients to rinse their mouth during examination and treatment.
On the downside, lack of trained medical personnel to operate advanced clinical chairs, and high cost of some chairs impede the growth of clinical chairs market in developing countries.
Clinical Chairs Market- Regional Assessment
By geography, the clinical chairs market is divided into North America, Asia Pacific excluding China and Japan, Eastern Europe, Western Europe, China, Japan, Latin America, and Middle East & Africa. North America, among all, accounts for leading revenue to the clinical chairs market, mainly because of high practices of use of modern medical service furniture in the region.
Europe accounts for significant revenue contribution to the clinical chairs market due to good product penetration and high number of healthcare institutions in the region.
Asia Pacific excluding Japan and China is predicted to account for significant revenue in the clinical chairs market over the forecast period. Economic development and construction of state-of-the-art healthcare institutions in developing economies of the region are some key factors indirectly benefitting the clinical chairs market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.