The global thyroid gland specialty medical chairs market was valued at US$3.8 bn in 2014 and is estimated to reach a market value of US$6.8 bn by 2023 at a CAGR of 6.5% from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 06/15/2016 -- A new Transparency Market Research report states that the global specialty medical chairs market was pegged at US$3.8 bn in 2014 and is predicted to reach US$6.8 bn by 2023, by expanding at a CAGR of 6.50% from 2015 to 2023.
Specialty medical chairs are solutions comprising medical accessories such as operating lights and instrument trays for assisting physicians or doctors in numerous surgical operations. Some of these chairs also help in enhancing the comfort of patients during surgical operations, while others are employed for improving the mobility of patients in healthcare centers or hospitals. The specialty medical chairs market comprises different kinds of mobility chairs such as geriatric chairs, wheelchairs, and pediatric chairs, among others.
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As stated in the report, the market for specialty medical chairs is fuelled by the increasing aging population and the rising count of government and private hospitals and clinics globally. In addition, the launch of various types of cutting-edge chairs has also stimulated the growth of the market. The increasing disposable income of individuals has resulted in the greater adoption of comfortable options within medical care. This has enabled an increased introduction of specialty medical chairs with enhanced design and features, thus fuelling the growth of the overall market.
Furthermore, the increasing count of manufacturers making investments in the developing economies has resulted in an increased revenue within this market. On the other hand, the soaring costs of medical chairs and the growing utilization of refurbished medical chairs are amongst the chief factors that may inhibit the development of the market in the coming years.
On the basis of product type, the report segments the specialty medical chairs market into examination chairs, rehabilitation chairs, and treatment chairs. Amongst these, in 2014, rehabilitation chairs and treatment chairs together constituted the largest share of over 75% in the market. This is owing to the increasing concept of home healthcare and the increasing demand for treatment chairs including ophthalmic chairs and dental chairs.
Examination chairs are further segmented into cardiac, birthing, dialysis, blood drawing, and mammography chairs. Amongst these, the segment of birthing chairs held the lowest share in the market in terms of revenue owing to risks such as that of postpartum hemorrhage and excessive tearing associated with the usage of these chairs. On the other hand, treatment chairs are further segmented into ENT, ophthalmic, dental, and other surgery chairs, while the segment of rehabilitation chairs is further segmented into bariatric, toilet, geriatric, and pediatric chairs.
Geographically, the report segments the market into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa (MENA). Amongst these, North America led the market for specialty chairs due to the increasing reimbursement by governments of countries in the region for products such as bariatric chairs and wheel chairs. Europe trailed North America and held the second-largest share of over 25% in the market due to the increasing mergers and acquisitions of companies within European countries. On the other hand, Asia Pacific will exhibit the greatest growth rate in the market in the forecast horizon.
According to the report, the chief players in the market are A-dec, Inc., ACTEVAID, Inc., Fresenius Medical Care, Invacare Corporation, and DentalEZ, and Forest Dental Products, Inc., among others.
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