As per the research report, the size of the Asia Pacific Specialty Medical Chairs Market is poised to reach a CAGR of 7% that will enable the market to cross the USD 1.21 billion by 2027 during the forecast period 2022 to 2027.
The Asia Pacific specialty medical chairs market is driven by rising awareness of medical conditions and increased access to medical support. In addition, over the forecast period, ongoing R&D initiatives by leading players to develop innovative products, expanding geriatric population, the introduction of technologically advanced and fully automated medical chairs are expected to enhance the specialty chairs market's growth in this region.
Several product advancements, such as the launch of customized and automated chairs, are helping to fuel the market's expansion. Other reasons, including significant improvements in healthcare infrastructure and rising consumer spending power, are expected to propel the demand for specialty chairs forward in the future years. The key companies offer personalized chairs to satisfy the needs of patients and clinicians in terms of disease assessment and treatment, propelling market expansion throughout the forecast period. In addition, in-home care is becoming more popular among consumers, fueling industry expansion.
The rise in the prevalence of chronic diseases and technological developments in the operation and design of specialty medical chairs contribute to the market's growth. Furthermore, road accidents, spinal cord injuries, meningitis, and job injuries contribute to the specialist medical chair market's rise. In addition, as the coronavirus disease (COVID-19) continues to spread in the region, the need for specialty medical chairs in healthcare facilities has risen. Under this, increasing consumer demand for in-home care also contributes to the market's expansion.
The high cost of chairs is a major stumbling block to the specialty medical chairs market's expansion. Furthermore, the APAC specialized medical chairs market is likely to be restricted by the availability of refurbished chairs over the forecast period.
This research report on the APAC Specialty Medical Chairs Market has been segmented and sub-segmented into the following categories:
Regionally, the Asia Pacific is expected to be the fastest-growing regional market throughout the forecast period, owing to the region's evolving geriatric population, which signifies a significant economic burden.
Furthermore, an unusual rise in the geriatric population is expected to diminish the workforce and raise public healthcare spending in this region, increasing the adolescent population. Finally, it is due to technological advancements that have resulted in the development of low-cost specialty medical chairs, which have a high adoption rate in the Asia-Pacific area.
The objectives of patients and professionals are not always the same. Consequently, significant businesses are providing customized goods to meet their needs. It is also expected to drive the market throughout the forecast period. Favorable reimbursement policies and changing regulatory frameworks operate market expansion on a macro level. In addition, various product advancements, such as the creation of personalized and automated chairs, are helping to propel the market forward.
Other factors, such as significant advances in healthcare infrastructure, particularly in this nation, and expanding consumer spending capacity, are expected to propel the industry forward.
The Top companies leading in the APAC Specialty Medical Chairs Market profiled in the report are Invacare Corporation, A-dec, Inc., Fresenius Medical Care, Forest Dental Products, Inc., DentalEZ and ACTEVAID, Inc.,
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Extended Care Units
5.1.5 Y-o-Y Growth Analysis, By Application
5.1.6 Market Attractiveness Analysis, By Application
5.1.7 Market Share Analysis, By Application
5.2.2 Examination Chairs
126.96.36.199 Blood Drawing
5.2.3 Rehabilitation Chairs
5.2.4 Treatment Chairs
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Application
220.127.116.11 By Type
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product
126.96.36.199 By Type
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Invacare Corporation
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 A-dec, Inc.
8.3 Fresenius Medical Care
8.4 Forest Dental Products
8.6 ACTEVAID, Inc.
8.7 Planmeca Oy
8.8 Midmark Corp.
8.10 Hill Laboratories
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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