Electric Vehicle Batteries Is The Largest Segment Driving The Growth Of The Patient Recliners Market
The global 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 are chairs specifically designed for medical purposes. They provide comfort, support and easy access for patients. Recliners help patients relax in an ergonomic position that eases pressure on various body parts.
Market key trends:
One of the key trends in the patient recliners market is the growing demand for multifunctional and technologically advanced recliners. Manufacturers are focusing on integrating recliners with features such as adjustable backrests, footrests, and armrests for enhanced comfort. Some high-end recliners come equipped with massage motors, wireless remote control systems and USB charging ports. Integrating smart technologies allows patients to control the chair with minimal effort. This improves compliance and eases the burden on care providers.
Market key trends:
One of the major trends gaining significant momentum in the patient recliners market is the rising demand for technologically advanced recliners. Manufacturers are focusing on integrating innovative features such as adjustable backrests, footrests, and powered mechanisms for effortless operation into recliners. Such features offer enhanced comfort and support to patients and elders. Furthermore, smart recliners integrated with sensors and IoT technologies for remote monitoring are gaining traction. This enables caregivers to keep a check on patients' vital signs and well-being from a remote location.
SWOT Analysis
Strength: Electronically operated models with adjustable features provide enhanced convenience and support to users.
Weakness: High cost of innovative recliners integrated with advanced technologies can restrain their adoption in budget constrained settings.
Opportunity: Growing elderly population and their increasing healthcare needs present an extensive customer base.
Threats: Intense competition among existing players can lead to pricing pressures. Stringent regulatory approvals for smart recliners pose challenges.
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 mobility issues among elderly population.
The North American region is expected to dominate the market owing to significant adoption of technologically advanced medical devices to enhance patient care and support mechanisms. Growing healthcare expenditure and presence of major players in the US and Canada will further stimulate regional market growth.
Key players operating in the patient recliners market include Medline Industries, Inc., Krueger International, Herdegen, J.D. Honigberg International, Inc., GF Health Products, Inc., Nemschoff, Gendron, Inc., Reliable Life, Malvestio Spa, and Stryker Corporation. These companies are focusing on new product launches and enhancing their production capacities to cater to the growing global demand.
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