Global Medical Chairs Industry Set to Soar with 6.0% CAGR, Reaching US$13.7 Billion by 2032 | Reports FMI

Global Medical Chairs Industry

The Global Medical Chairs Industry is embarking on a groundbreaking journey, poised for remarkable growth according to a detailed analysis by Future Market Insights (FMI). The industry, valued at US$ 7.7 billion in 2022, is projected to witness an extraordinary compound annual growth rate (CAGR) of 6.0%, soaring to an estimated valuation of US$ 13.7 billion by 2032.

The driving force behind this impressive surge is the escalating prevalence of physical ailments coupled with the continuous evolution of healthcare technology. Advanced control systems have become integral in meeting the growing demand for medical chairs that not only offer enhanced comfort to patients but also provide healthcare providers with efficient solutions.

FMI’s comprehensive report underscores the pivotal role of innovation in the industry, showcasing how it is responding to the evolving landscape of healthcare needs. As technology continues to revolutionize the sector, the Global Medical Chairs Industry is witnessing a wave of creative solutions that are redefining the standards of patient care.

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The medical chair market is predicted to expand with the growing need for treatment or inspection worldwide. Furthermore, an increase in the geriatric population for rehabilitation purposes is aiding the market growth.

Increased prevalence of chronic diseases, as well as technological developments in the operation and design of medical chairs, are all contributing to the market’s growth. Road accidents, spinal cord injuries, meningitis, and job injuries are all contributing to the Global Medical Chairs Industry’s rise.

Smart wheelchairs are gaining immense traction as they are a blend of state-of-the-art robotics and advanced electronics. Many elderlies who lead a solitary lifestyle prefer the use of these power wheelchairs and their quality of life, in general, has improved. Owing to these trends, the market is anticipated to register a CAGR of 6.0% from 2022 to 2032.

Specialty medical chairs are pieces of medical equipment that aid patients in gaining more flexibility or convenience as a result of various surgical operations. These chairs are designed to provide comfort to patients during treatment and to aid healthcare professionals and physicians in completing the procedure or any other treatment.

The development of the Global Medical Chairs Industry is reliant on the increasing popularity of powered wheelchairs, the rise in the adoption of automotive vehicles and the increase in the prevalence of temporary or permanent mobility issues.

Key Takeaways from the Global Medical Chairs Industry Study

  • Dental chairs hold over 20.0% market value share in 2021 and are expected to display a CAGR growth of 6.0% over the forecast period.
  • Based on technology, the hydraulic medical chairs segment accounted for a demand share of over 40.7% in 2021. Hydraulic chairs have simpler, easy to use controls, and are known for their fluid movement and adaptability to broad weight.
  • Hospitals held a higher share in the medical chairs market by a value of 21.1% in 2021.
  • The North American medical chairs market is slated to hold a value share of 36.0% at the end of the forecast period owing to the growing geriatric population and rising cases of paralysis and spinal injuries in the region.

“With rise in capitalization on the adoption of power medical chairs for mobility assistance, the Global Medical Chairs Industry is expected to witness robust growth over the forecast period,” says an analyst of Future Market Insights.

Global Medical Chairs Industry Competition

Recognition, acquisitions, expansion, development of an extensive product, and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in different geographies.

  • In October 2021, Invacare Corporation announced a sponsorship agreement with Rob Mendez (football coach), a user of the Invacare® Storm Series® Torque power wheelchair.
  • In January 2019, Midmark Corp. announced the launch of two new bariatric side chairs for extended patient comfort.

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What does the report cover?

Future Market Insights offers a unique perspective and actionable insights on the Global Medical Chairs Industry in its latest study, presenting a demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research is based on products- (patient chairs [reclining patient chairs, manual patient chairs, and convertible patient chairs], x-ray chairs, ophthalmology chairs, dental chairs, surgical chairs, exercise, and activity chairs, and pediatric chairs), technology- (powered medical chair, manual chair, and hydraulic medical chair), and by end-user (hospitals, ambulatory surgical centers, outpatients facilities, specialty clinics, long term care centers, skilled nursing facilities, cancer research institute, and others), across seven key regions of the world.

Key Market Segments Covered in Global Medical Chairs Industry Research

Product:

  • Patient Chairs
    • Reclining Patient Chairs
    • Manual Patient Chairs
    • Convertible Patient Chairs
  • X-ray Chairs
  • Ophthalmology Chairs
  • Dental Chairs
  • Surgical Chairs
  • Exercise and Activity Chairs
  • Pediatric Chairs

Technology Type:

  • Powered Medical Chair
  • Manual Chair
  • Hydraulic Medical Chair

End User:

  • Hospitals
  • Ambulatory Surgical Centres
  • Outpatient Facilities
  • Specialty Clinics
  • Long Term Care Centres
  • Skilled Nursing Facilities
  • Cancer Research Institutes
  • Others

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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