Market revenue in 2023 | USD 194.4 million |
Market revenue in 2030 | USD 347.0 million |
Growth rate | 8.6% (CAGR from 2023 to 2030) |
Largest segment | Treatment chairs |
Fastest growing segment | Examination 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 40.23% in 2023. Horizon Databook has segmented the UK specialty medical chairs market based on examination chairs, treatment chairs, rehabilitation chairs covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the largest specialty medical chairs markets in Europe and is expected to grow at a steady rate owing to presence of a large geriatric population and well-established healthcare system. According to the Office for National Statistics, 18% of the total population in the UK was aged 65 and over, representing nearly 11.8 million people, in 2016.
In June 2017, the National Health Service (NHS) England launched national reimbursement route for novel medical innovations that provide automatic reimbursement when the approved innovative device is adopted, thereby accelerating the uptake of novel devices for treatment of chronic diseases.
Furthermore, owing to the presence of an established healthcare system, people with disability are exempted from paying VAT for medical equipment such as wheelchairs. These factors are fueling the market growth in this region.
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