Europe Specialty Medical Chairs Market

Europe Specialty Medical Chairs Market Size (2022 to 2027)

The size of the Europe specialty medical chairs market is predicted to grow at a CAGR of 5.58% from 2022 to 2027 and be worth USD 2.01 Billion by 2027 from USD 1.53 Billion in 2022.

One of the key factors driving the specialty medical chairs market in the European region is the number of patients requiring treatment or examination. Currently, rehabilitation chairs are in demand owing to an increase in lifestyle disorders, an increase in the elderly population, a rise in hospitalization rate, and an increased prevalence of chronic conditions that require assistance, such as cardiovascular disease, cancer, orthopedic disorders, neuromuscular diseases, etc. According to data published by the National Institute on Aging, 600 million people are 65 years or older, which amounts to 10% of the world population. Furthermore, these numbers are expected to rise and reach 2.3 billion, amounting to 18% of the world population by 2050.  Over 18 million people are aged 60 or over, 24% of the overall U.K. population.

The demand for high-quality products for treatment with the latest advancements and growth in the awareness of generic medical products will drive the European specialty medical chairs market. In addition, the latest innovations, a wide variety of medical devices, and an increasing number of hospitals and healthcare centers have increased demand for specialized chairs, which will further drive the market growth during the predicted period. Furthermore, over the past several decades, there has been a growing demand for medical assistance, resulting in the growth rate of specialty medical chairs in Europe.

The high cost of these specialty chairs, lack of reimbursement policies, and availability of refurbished products are expected to restrain the growth of the European specialty medical chair market.

This research report on the Europe Specialty Medical Chairs Market has been segmented and sub-segmented into the following categories:

By Application:

• Extended Care Institutes
• Hospitals
• Others

By Type:

• Examination Chairs
• Rehabilitation Chairs
• Treatment Chairs

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Geographically, the U.K Specialty Medical Chairs Market is expected to dominate the European specialty medical chairs market during the forecast period owing primarily to the increasing preference for home healthcare and rehabilitation center demand in the region. According to a report published by the census bureau, the U.K. has the highest number of old homes and rehabilitation centers in Europe. In addition, the number of clinics for primary healthcare and preventive medications in dental, ophthalmic, and ENT will raise the revenues for specialty medical chairs in the region.

Germany's Specialty Medical Chairs Market is expected to be the fastest-growing market over the assessment period. Due to the presence of international players and advanced healthcare infrastructure, high disposable income and rising old age population contribute to the regional market's overall development. As a result, the German market is projected to grow at a CAGR of 5.4% over the analyzed period. In addition, high healthcare expenditure and continuous R&D activities to develop innovative products will bolster market sales over the coming years.

Spain's Specialty Medical Chairs Market will grow at a CAGR of 4.5% over the years, attributed to supporting international organizations like the United Nations Population Fund to help developing countries. In addition, the Spanish National Statistics Office states that people over-65 will contribute to more than 32% of the population by 2050, or almost 15 million people; these numbers are estimated to expand the market over time in the region.

France's Specialty Medical Chairs Market will also hold a dominant market share growing at a CAGR of 4% over the analysis period. This can be attributed to a supportive reimbursement structure, technological advancement, rising prevalence of lifestyle-associated disorders. Moreover, continuous R&D advancements in developing innovative products are expected to boost market sales over the forecast period. Other countries such as Norway, Sweden, and Ireland are also anticipated to grow and sustain at a healthy growth rate due to the region's new market opportunities.

KEY MARKET PLAYERS:

Key players in the Europe Specialty Medical Chairs Market profiled in this report are Invacare Corporation, A-dec, Inc., Fresenius Medical Care, Forest Dental Products, Inc., DentalEZ, and ACTEVAID, Inc.