The Specialty Medical Chairs Market Is Witnessing Robust Growth Due to Increasing Number of Clinics and Hospitals Worldwide

 

 

Specialty Medical Chairs are designed to provide a positioning and support for patients during diagnostic, treatment, or rehabilitation purpose. These chairs are designed as per the comfort of the patient and medical requirements, as well as to offer health professionals better access to their patients. Specialty medical chairs can either battery-operated or manual. The growing patient pool coupled with the growing geriatric population worldwide is a major factor that is expected to drive the specialty medical chairs market growth. According to the World Health Organization (WHO), by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015.

By 2050, there will be almost this many (around 120 million) living in China alone, and 434 million people in this age group worldwide. Thus, there will be increasing demand for Specialty Medical Chairs in the coming future, especially in North America and the Asia Pacific, owing to the growing geriatric population in these regions. America's 65-and-over population is expected to nearly double over the next three decades, from 48 million to 88 million by 2050. Moreover, increasing number of clinics and hospitals worldwide is increasing the demand for specialty medical chairs, including rehabilitation chairs, dialysis chairs, and birthing chairs, which serve specific purposes depending on their application.

The in turn is also expected to accelerate the specialty medical chairs market growth. According to the American Hospital Association (AHA), there were approximately 6,090 hospitals in the United States in 2019. Other factors driving the specialty medical chairs market growth are increase in healthcare expenditure and development in healthcare infrastructure. The Indian Government aims to increase healthcare spending to 3% of the Gross Domestic Product (GDP) by 2022. Moreover, in the Union Budget 2021, the total health sector allocation for FY22 stood at Rs. 223,846 crore (US$ 30.70 billion). Such government initiatives are also expected to fuel the specialty medical chairs market growth.

The ability of specialty chairs to attain erect posture of patients and consistent technological advancements in functionalities of these chairs are major factors projected to increase the demand for specialty medical chairs. Moreover, an increasing number of patients with chronic diseases such as heart disease, cancer, and Alzheimer's disease also increase the demand for specialized medical chairs. Furthermore, the introduction of fully automated & technologically advanced medical chairs is expected to serve the specialty medical chairs market with lucrative growth opportunities.