PUBLISHER: Grand View Research | PRODUCT CODE: 1493280
PUBLISHER: Grand View Research | PRODUCT CODE: 1493280
The U.S. specialty medical chairs market size is anticipated to reach USD 2.68 billion by 2030, expanding at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. As the global population continues to age, the demand for these specialty medical chairs and other assistive devices increases. The elderly population often experience age-related health issues, such as arthritis, back pain, and weakened muscles, which can be alleviated by using specialized medical chairs.
With the increasing population of elderly people, there is a surge in the demand for healthcare services and infrastructure to address the unique & evolving healthcare needs of the elderly. According to the WHO data, in 2022, one out of every six people worldwide will be 60 years or older by the year 2030. Moreover, the number of Americans aged 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050. This, in turn, is estimated to propel the demand for specialty medical chairs over the forecast period.
Many governments and insurance providers recognize the importance of medical chairs for the elderly and are implementing initiatives to make these products more accessible and affordable.