Global Specialty Medical Chairs Market Size & Outlook
Global specialty medical chairs market, 2018-2030 (US$M)
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Global specialty medical chairs market highlights
- The global specialty medical chairs market generated a revenue of USD 4,357.7 million in 2023 and is expected to reach USD 7,088.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
- In terms of segment, treatment chairs accounted for a revenue of USD 1,607.8 million in 2023.
- Examination Chairs is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Uzbekistan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,357.7 million |
| Market revenue in 2030 | USD 7,088.4 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Treatment chairs |
| Fastest growing segment | Examination Chairs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Examination Chairs, Treatment Chairs, Rehabilitation Chairs |
Other key industry trends
- In terms of revenue, the North America accounted for 44.2% of the global specialty medical chairs market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Uzbekistan is the fastest growing regional market and is projected to reach USD 5.7 million by 2030.
Treatment chairs was the largest segment with a revenue share of 36.9% in 2023. Horizon Databook has segmented the Global specialty medical chairs market based on examination chairs, treatment chairs, rehabilitation chairs covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in global geriatric population in both developed and developing nations is expected to boost the growth of specialty medical chairs market. Changing lifestyle and increase in prevalence of lifestyle associated diseases are also expected to contribute to the market growth. Diseases such as diabetes, obesity, cardiovascular diseases, and chronic kidney diseases are on the rise and geriatric population is at a higher risk.
Treatment of such diseases involves the use of specialty medical chairs, thereby increasing the demand for the medical equipment. According to a Population Reference Bureau article published in January 2024, the projected growth indicates that the number of Americans aged 65 and older is anticipated to rise from 58 million in 2022 to 82 million by 2050, reflecting a 47% increase.
Simultaneously, the share of the total population represented by the 65-and-older age group is expected to rise from 17% to 23%. Also, according to the World Bank, the geriatric population in France has risen from 18% in 2012 to 20.8% in 2020. This demographic shift has contributed to a significant prevalence of chronic diseases in the country.
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Specialty Medical Chairs Market Scope
Specialty Medical Chairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global specialty medical chairs market size, by regions, 2018-2030 (US$M)
Top 10 countries: Specialty medical chairs market size, 2023 (US$M)
Global specialty medical chairs market share, by product, 2023 & 2030 (%, US$M)
Specialty medical chairs market: Opportunity assessment by country
Global specialty medical chairs market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,966.9 | 2,020.1 | 1,131.3 | 1,755.0 | 1,836.1 | 1,928.2 | 2,032.6 | 2,150.7 | 2,284.4 | 2,434.7 | 2,605.0 | 2,797.5 | 3,014.9 | 6.6% |
| Europe | 1,345.9 | 1,394.4 | 787.5 | 1,232.1 | 1,300.1 | 1,377.0 | 1,464.0 | 1,562.3 | 1,673.7 | 1,799.3 | 1,942.4 | 2,103.6 | 2,287.2 | 7.5% |
| Asia Pacific | 737.3 | 773.5 | 442.4 | 700.7 | 748.5 | 802.2 | 863.0 | 931.5 | 1,009.2 | 1,097.3 | 1,197.3 | 1,310.8 | 1,440.1 | 8.7% |
| Latin America | 162.9 | 164.9 | 90.7 | 138.6 | 142.6 | 147.3 | 152.6 | 158.6 | 165.2 | 172.9 | 181.3 | 190.6 | 201.4 | 4.6% |
| MEA | 112.3 | 114.0 | 62.9 | 96.3 | 99.4 | 103.0 | 107.1 | 111.7 | 116.9 | 122.7 | 129.1 | 136.3 | 144.8 | 5.0% |
| Overall | 4,325.3 | 4,466.9 | 2,514.8 | 3,922.7 | 4,126.7 | 4,357.7 | 4,619.3 | 4,914.8 | 5,249.4 | 5,626.9 | 6,055.1 | 6,538.8 | 7,088.4 | 7.2% |
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