Latin America Specialty Medical Chairs Market

Latin America Speciality Medical Chairs Market Size (2022 To 2027)

The Latin American specialty medical chairs market size was worth USD 0.40 billion in 2022 and the market is expected to grow at a CAGR of 7.30% during the forecast period and will be valued at USD 0.56 Billion by 2027.

The increasing geriatric population and the increasing patient population suffering from chronic diseases across the Latin American region are majorly driving the specialty medical chairs market growth in Latin America. Chronic diseases such as diabetes, cardiovascular disease, and orthopedic diseases are mostly observed in the geriatric population. With the increase in age, they prefer a convenient environment for the treatment along with an improved success rate of the surgeries. Heart-related surgeries need special equipment because it is a major part of the human body. Every instrument and device used through the surgeries need to be advanced to help reduce human errors during the process. Due to these factors, the specialty medical chair plays a major role during surgical procedures as it can be moved in any direction based on the area of the body that is being operated on.

The growing number of physically disabled people in Latin American countries is contributing to the Latin American specialty medical chairs market growth. People who are disabled by birth or due to any accidents, lose their hands or legs, or are not able to move due to joint injuries are considered to be disabled. To avoid issues faced by disabled people in hospitals and diagnostic centers, hospitals are adopting specialty medical chairs leading to more demand in the coming years.

The growing number of advancements in the manufacturing of advanced specialty medical chairs is another factor boosting the growth rate of the Latin American market. Manufacturers and key players are focusing on the development of battery-powered and manually operated specialty medical chairs. Advanced technologies such as artificial intelligence and sensors being used in specialty medical chairs to increase flexibility during surgeries, examinations, and treatment purposes also support the growth of the market. Manufacturing specialty medical chairs for gynecology problems also helps with market development. Increasing investment by public and private healthcare organizations, increasing product approvals, and increasing reimbursement policies are the other factors that drive the market forward.

The high cost of specialty medical chairs is the major factor that restraints the market growth. Lack of investment, lack of awareness about the devices, and lack of skilled professionals in the research sector are the other factors that hamper the market growth during the forecast period.

This research report on the Latin America 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:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, the Latin American market accounted for a moderate share of the worldwide market in 2021 and is expected to grow at a steady CAGR during the forecast period owing to the growing demand for advanced medical devices in the healthcare sector for patient safety. The governments of Latin American countries are increasing their investments to improve the infrastructure, medical equipment and facilities in government hospitals to provide the best treatment to the patient at an affordable price. Several advertisements were also conducted by the key market players about the benefits of using the specialty medical chair in hospitals, clinics, and diagnostic centers supporting market growth.

The Brazilian market is predicted to hold the major share of the Latin American market during the forecast period and the domination of the Brazilian market is majorly attributed to the increasing manufacturing of specialty medical chairs for dental diseases. Most common oral disorders, includes dental caries, periodontitis, and edentulism. As per a recent report, nearly 100 million Brazilians have at least any one of the oral diseases which need dental treatment to avoid severe situations. Among them, most of the school children are suffering from dental diseases due to changes in food and less intake of nutritional food. These patients undergo regular dental check-ups, thus needing a convenient medical chair for better treatment. As a result, manufacturers in this country showing interest in the development of various types of dental chairs for different age groups and making more flexible medical chairs that help the healthcare provider to move the chair in any direction to provide comfort to the patient during the treatment.

Mexico is another potential market for specialty medical chairs market in the Latin American region and is expected to capture a considerable share of the Latin American market during the forecast period. Increasing manufacturing facilities for the development of specialty medical chairs at an affordable price and increasing suppliers in the country are the main reason for the market growth in Mexico. 

KEY MARKET PLAYERS:

Companies that are playing a noteworthy role in the Latin America 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.