Market revenue in 2023 | USD 1,702.1 million |
Market revenue in 2030 | USD 2,688.0 million |
Growth rate | 6.7% (CAGR from 2023 to 2030) |
Largest segment | Rehabilitation chairs |
Fastest growing segment | Treatment 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 |
Rehabilitation chairs was the largest segment with a revenue share of 40.17% in 2023. Horizon Databook has segmented the U.S. 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 U.S. accounts for the largest market share owing to factors such as presence of large geriatric population and increasing prevalence of Cardiovascular Diseases (CVDs) in the country. Increasing geriatric population is expected to propel the demand for specialty medical chairs.
According to AHA, in 2016, an estimated 121.5 million adults in the U.S., accounting for 48% of the population, suffered from CVDs. The AHA further states that around 130 million U.S. adults are projected to have some form of CVD BY 2035.
Furthermore, favorable reimbursement policies for Class 1 medical devices, such as commode chairs and wheelchairs included in rehabilitation chairs by the government, is expected to widen the consumer base of the market.
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