The demand for specialty medical chairs Market has increased manifold over the past few years fuelled by the expanding population of aging people worldwide. The efforts taken by leading players with regards to innovation for developing improved and better products for the comfort of patients cannot be denied in being another important factor driving the growth of the global specialty medical chairs market. Leading players are investing extensively for the development of medical chairs which suit patients suffering from pregnancy, cardiac problems, and obesity. With each passing year more sophisticated products with higher comfortability and use of advanced technologies have been coming up thanks to the great efforts taken by market players. All these factors are expected to result in the global specialty medical chairs market to generate revenue of US$6.75 bn by 2023, as per a recent research report by Transparency Market Research (TMR).
Q. What are the factors restricting the growth of this Market from reaching its fullest potential?
The high cost of the specialty medical chairs is one of the key factors acting as a challenge for the growth of this market. In addition to this, the cost of refurbishing the old specialty medical chairs is also very expensive, thereby deterring patients from acquiring new one or repairing their existing ones. It is required by companies within the global specialty medical chairs market to develop products which cater to the cost sensitive population base.
Q. Which type of specialty medical chairs is anticipated to witness the highest demand in the years to come?
While the treatment chairs segment is anticipated to expand at the fastest CAGR in the years to come, the highest revenue is generated by the rehabilitation chair segment. The increasing geriatric population as well as the rising uptake of home health care are key factors associated with the growth of the rehabilitation chairs segment.
Q. Which region is currently leading in the market for specialty medical chairs?
The North America region is leading within the specialty medical chairs market on account of the rising number of dental clinics, ENT clinics, and ophthalmic clinics. Favourable reimbursement policies for wheelchairs and bariatric chairs are also an important factor behind the stupendous growth of the North American market for specialty medical chairs.
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