Report ID: UCMIG35A2222
Report ID:
UCMIG35A2222 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for specialty medical chairs was valued at USD 3.92 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 8.0% during the forecast period. The market growth is expected to be driven by the increasing elderly population and the growing demand for specialty medical chairs. Furthermore, the market is expected to benefit from the introduction of advanced, fully automated medical chairs. The COVID-19 pandemic disrupted the specialty medical chairs supply chain due to stay-at-home mandates, transportation bans, and workforce shortages.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2222