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 are specially designed chairs used by patients for rehabilitation and recovery purposes at home as well as in healthcare facilities. They are adjustable and promote comfort through ergonomic positioning and back support. These recliners are available in various designs including 2-position recliner, lift recliner, and 3-position recliner depending on patient needs. Their growing popularity is attributed to increasing preference for home healthcare.
Market Dynamics:
Growing geriatric population and subsequent rise in chronic illnesses: The global geriatric population is rapidly increasing which is driving the incidence of chronic diseases and disabilities among the aged group. According to the United Nations, the population aged 60 years and above is expected to double by 2050 and triple by 2100. Chronic diseases are highly prevalent among the aged with around 60–70% suffering from multiple chronic conditions. Patient recliners provide comfort and ease of use for recovery and rehabilitation from such diseases, thereby propelling market growth.
Rising healthcare costs: Healthcare costs have been witnessing a steady rise worldwide. Treatment and management of chronic diseases consume a major share of the total healthcare expenditure. Growing preference for cost-effective home healthcare is helping reduce this burden on formal healthcare systems. Patient recliners facilitate recovery and mobility assistance at home, lowering costs associated with hospital stays or nursing home admissions. This rising healthcare expenditures is contributing to market expansion.
Segment Analysis
The Global Patient Recliners Market is dominated by the powered recliners segment due to various advantages such as ease of operation, adjustable backrest and leg rest options, weight capacity of up to 500 pounds, and built-in massage function in high-end models. Powered recliners allow patients to adjust their positions independently which promotes recovery. The growing geriatric population suffering from limited mobility further drives the demand for powered recliners.
PEST Analysis
Political: Regulations regarding ergonomic design, safety, and quality of medical furniture are expected to drive innovation and standardized product development in the market.
Economic: Rising healthcare spending along with increasing demand for long-term care is fueling the demand for patient recliners globally.
Social: Rapid growth of the nuclear family structure and chronic lifestyle diseases have increased the need for assistive devices for patient care at home.
Technological: Integration of technologies like built-in massage motors, powered mechanisms, easy-to-clean fabrics are some features introduced by manufacturers to improve patient comfort and care.
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 demand for assistive devices for home care among geriatric population and rise in lifestyle diseases.
The North America region dominates the market and is expected to maintain its position during the forecast period owing to rising healthcare expenditure, presence of major players, and increasing awareness about assistive devices for patient care.
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. These players are focusing on new product launches and expansion of regional presence to strengthen their market position. For instance, in 2020, Stryker Corporation launched the Stryker Zero Motor which provides powered reclining for patient comfort and independence.
Read More: https://www.rapidwebwire.com/patient-recliners-market-size/
You can find plenty of options when you buy modern recliners online.
If you are not sure about the size and shape of the recliner, you can go with a classic recliner model.
Always pick a recliner based on how long you wish to keep it.
