Patient Recliners Market Is Estimated To Witness High Growth Owing To Increasing Healthcare Facilities
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| Patient Recliners
Market |
The global Patient Recliners Market is estimated to be valued at US$ 1.3 Billion in 2022 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 specially designed armchairs that are used in healthcare
facilities to provide maximum comfort to patients during their stay. These
recliners are equipped with adjustable features such as leg rests, headrests,
and backrests, allowing patients to choose the most comfortable position.
Patient recliners offer various advantages, including better mobility, reduced
pressure ulcers, improved blood circulation, and increased patient
satisfaction. The growing need for comfortable and ergonomic furniture in
healthcare settings is driving the demand for patient recliners in the market.
Market Key Trends:
One key trend in the patient recliners market is the increasing adoption of
advanced features in recliners. With the advancements in technology, patient
recliners are now equipped with features such as electric controls for
adjusting positions, built-in massagers, and memory foam cushions. These
features enhance the comfort and convenience of patients, thereby increasing
the demand for advanced patient recliners in healthcare facilities.
Furthermore, the rising geriatric population and increasing incidences of
chronic diseases are also contributing to the market growth. The elderly
population often requires long-term care and medical attention, making patient
recliners an essential furniture item in hospitals, nursing homes, and other
healthcare facilities. Additionally, the growing focus on patient comfort and
well-being by healthcare providers is further propelling the adoption of
patient recliners.
PEST Analysis:
Political: The political environment has a significant impact on the patient
recliners market. Government regulations and policies regarding healthcare and
medical equipment can influence the demand and usage of patient recliners. For
example, changes in healthcare legislation may affect the reimbursement schemes
for medical equipment, which can impact the purchasing decisions of healthcare
facilities.
Economic: The economic factors play a crucial role in the patient recliners
market. The affordability and purchasing power of healthcare facilities and end-users
affect the demand for patient recliners. Economic fluctuations, exchange rates,
and inflation rates can impact the market growth. Additionally, the
availability of healthcare expenditure and budget allocation by governments and
private organizations can also influence the market.
Social: Changes in social demographics, such as an aging population and the
increasing prevalence of chronic diseases, are driving the demand for patient
recliners. The rising awareness of patient comfort and the importance of proper
care and rehabilitation have also contributed to the growth of the market.
Moreover, evolving lifestyle preferences and the demand for personalized and
comfortable healthcare facilities have further influenced the market dynamics.
Technological: Technological advancements, such as the integration of smart
features and automated functionalities, have revolutionized the patient
recliners market. The development of innovative materials and designs has
improved the comfort and ergonomics of patient recliners. Furthermore, the
utilization of digital healthcare solutions and remote monitoring systems have
enhanced the efficiency and convenience of patient care, thereby impacting the
demand for advanced recliners.
Key Takeaways:
The global
patient recliners market is expected to witness high growth, exhibiting
a CAGR of 7.3% over the forecast period (2023-2030). This growth can be
attributed to increasing healthcare expenditure and the rising demand for
patient comfort and rehabilitation. The market size for 2023 is projected to be
US$ 1.3 billion.
Regionally, North America is expected to be the fastest-growing and dominating
region in the patient recliners market. This can be attributed to the
well-established healthcare infrastructure, higher spending on healthcare, and
the presence of key market players in the region.
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 have a
significant market presence and are actively involved in product innovation and
strategic partnerships to maintain their competitive advantage.
In conclusion, the patient recliners market is driven by political, economic,
social, and technological factors. The market is expected to witness
significant growth, particularly in North America, and the key players in the
market play a crucial role in shaping the industry landscape.
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