by The patient recliners market is estimated to be valued at US$ 1.3 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Patient recliners refer to specialized chairs used by patients suffering from various medical conditions and disabilities in healthcare facilities. They help in offering comfortable seating and are designed to support patients with limited mobility. Some key features of patient recliners include adjustable back and leg sections, power or manual controls, and specialty pads for pressure relief. They find wide application in hospitals, nursing homes, clinics, and home healthcare settings.
Market Dynamics:
Growing geriatric population worldwide is a key factor driving the growth of the patient recliners market. As per the United Nations, the number of people aged 60 years or above is expected to nearly double globally, from 962 million in 2017 to about 2.1 billion in 2050. Older people are more likely to develop chronic illnesses and mobility issues that require prolonged medical care, augmenting the demand for patient recliners. Additionally, increasing healthcare expenditure and improving accessibility to advanced medical facilities are also fueling the adoption of patient recliners across the globe. However, high costs associated with specialty and technologically advanced recliners may hamper market growth during the forecast period.
SWOT Analysis
Strength: Patient recliners provide comfort and support to patients. They help in improving patients’ mobility and flexibility. Their adjustable features help patients in changing positions easily.
Weakness: High cost of specialized patient recliners limits their adoption. Comparatively lower durability is a concern for high usage settings.
Opportunity: Increasing cases of chronic diseases and related hospital visits creates demand. Growing geriatric population prone to medical issues boost the market.
Threats: Availability of cheaper alternatives like basic beds pose pricing challenge. Economic slowdowns impact healthcare spending.
Key Takeaways
The Global Patient Recliners Market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing prevalence of chronic diseases and rising medical tourism.
Regional analysis
North America dominated the global market in 2023, accounting for over 35% of the total share, due to increasing healthcare expenditure and higher adoption of advanced medical technologies. Asia Pacific is expected to grow at the fastest rate, owing to rising awareness, improving healthcare infrastructure and large patient pool in countries like China and India.
Key players
Key players operating in the Patient Recliners market are Medline Industries, Inc., Krueger International, Herdegen, J.D. Honigberg International, Inc., GF Health Products, Inc., Nemschoff, Gendron, Inc., Reliable Life, Malvestio Spa, Stryker Corporation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
