Market revenue in 2023 | USD 15.2 million |
Market revenue in 2030 | USD 22.3 million |
Growth rate | 5.6% (CAGR from 2023 to 2030) |
Largest segment | Treatment chairs |
Fastest growing segment | Rehabilitation Chairs |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Examination Chairs, Treatment Chairs, Rehabilitation Chairs |
Key market players worldwide | A-Dec, Fresenius Medical Care AG, Topcon Corp, MidMark Corporation, Danaher Corp, Dentsply Sirona Inc, Planmeca |
Treatment chairs was the largest segment with a revenue share of 40.13% in 2023. Horizon Databook has segmented the Saudi Arabia specialty medical chairs market based on examination chairs, treatment chairs, rehabilitation chairs covering the revenue growth of each sub-segment from 2018 to 2030.
According to Saudi Arabian Monetary Agency, the geriatric population, which is more susceptible to various diseases, is estimated to account for 25% of the total population in the country by 2050. Moreover, increasing government grants in order to expand the healthcare sector is anticipated to boost market growth.
For instance, in 2014, the Saudi Arabian government allocated USD 28.8 billion to health and social welfare, including funding for 11 new hospitals, 11 medical centers, and 2 medical complexes, in addition to 132 hospitals & healthcare centers. These factors are expected to maintain a steady demand for specialty medical chairs over the forecast period.
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