Market revenue in 2023 | USD 22.2 million |
Market revenue in 2030 | USD 32.1 million |
Growth rate | 5.4% (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 40.09% in 2023. Horizon Databook has segmented the South Africa 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 Department of Health, 2016, obesity rates in South Africa are increasing rapidly, where almost 40% of men and 70% of women are overweight or obese. Obesity-related diseases, such as heart diseases, type 2 diabetes, stroke, and some types of cancers, account for 43% of deaths in South Africa. Moreover, medical tourism industry in the country is expected grow owing to increasing geriatric population, higher quality of service provided by private medical facilities, and favorable exchange rates.
Thus, these factors are expected to maintain a steady demand for specialty medical chairs in the country. The private healthcare sector showcases high growth potential, as it caters to only around 16% to 20% of the country’s total population and accounts for an approximate 50% of total healthcare spending. Thus, the private sector is considered a major asset in providing quality healthcare.
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