by The Patient Recliners Market is estimated to be valued at US$ 1.3 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Patient recliners are specialized chairs designed to provide comfort and support to patients in healthcare facilities. These recliners are equipped with various features such as adjustable position settings, lumbar support, and easy mobility. They find extensive usage in hospitals, long-term care facilities, and rehabilitation centers. The patient recliners offer enhanced comfort for patients, making it easier for them to rest, recover, and perform day-to-day activities. They are also beneficial for healthcare professionals, providing easy access to patients for medical procedures and examinations.
Market Dynamics:
The increasing geriatric population worldwide, coupled with the rising incidences of chronic diseases, is a major driver for the growth of the patient recliners market. The elderly population often requires prolonged medical care and assistance, and patient recliners fulfill this need by providing comfort and support. Additionally, the growing awareness regarding the benefits of patient recliners in healthcare facilities is further fueling market growth. Furthermore, technological advancements in patient recliners, such as the integration of smart features and advanced positioning capabilities, are expected to drive market demand. These factors are collectively contributing to the high growth potential of the patient recliners market in the forecast period.
SWOT Analysis:
Strength: The patient recliners market is characterized by a high demand for comfortable and adjustable seating options in healthcare facilities. Moreover, the technological advancements in patient recliners, such as the integration of electronic controls and ergonomic designs, provide a competitive edge to key players in the market.
Weakness: One weakness in the patient recliners market is the high cost associated with advanced recliner models, which may deter cost-sensitive healthcare providers from investing in these products. Another weakness is the limited availability of customized recliners, which might not meet the specific needs of some patients.
Opportunity: The increasing geriatric population worldwide is expected to drive the demand for patient recliners, as elderly individuals require comfortable and supportive seating options. Additionally, the rise in outpatient services and home healthcare settings offers significant growth opportunities for the patient recliners market.
Threats: One threat to the patient recliners market is the availability of alternative seating options, such as standard chairs or traditional hospital beds, which may hinder the demand for recliners. Another threat is the stringent regulations and quality standards imposed by regulatory bodies, which can increase manufacturing and compliance costs for market players.
Key Takeaways:
The global patient recliners market is expected to witness high growth, exhibiting a CAGR of 7.3% over the forecast period of 2023-2030. This growth is primarily driven by the increasing geriatric population and the rising adoption of patient recliners in outpatient and home healthcare settings.
Regionally, North America is the fastest-growing and dominating region in the patient recliners market, attributed to the presence of well-established healthcare facilities, high healthcare expenditure, and a growing geriatric population.
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 key players are constantly engaged in product development and technological advancements to maintain their market position and cater to the rising demand for patient recliners.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
