Patient recliners are comfortable seating solutions designed specifically for patients looking to relax or recover in healthcare settings. These recliners offer fully adjustable backrests and leg sections for patients to recline into customizable positions. They are upholstered with easily cleanable, antimicrobial fabrics and feature convenient amenities like integrated trays, cup holders and storage spaces. The ergonomic designs of patient recliners aid in stress-free recovery from injuries or illnesses. They find widespread applications across nursing homes, hospitals, clinics and homecare settings.
The global Patient Recliners Market is estimated to be valued at US$ 10.3 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The rising geriatric population worldwide prone to injuries and illnesses is driving the demand for comfortable patient recliners from healthcare and homecare facilities. According to WHO, the global population aged 60 years and older is expected to double from 12% to 22% between 2015 and 2050. The availability of customized recliner models catering to specific patient needs and powered options for enhanced mobilization will further boost the market growth over the forecast period.
Porter's Analysis
Threat of new entrants: The patient recliners market has moderate threat of new entrants as it requires significant capital investment and technology to manufacture medical grade furniture which meets safety and quality standards.
Bargaining power of buyers: The bargaining power of buyers is moderate as patient recliners are medical necessities with limited suppliers in the market. However, availability of substitutes provide some power to buyers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitutes and presence of established manufacturers who source raw materials in bulk.
Threat of new substitutes: The threat of substitutes is low as patient recliners have distinct features for medical applications unlike consumer furniture. However, low cost substitutes may impact certain segments.
Competitive rivalry: The market has high competitive rivalry due to presence of global established players and regionalmid-sized players.
SWOT Analysis
Strength: Patient recliners offer medical benefits such as adjustable positions, comfort & safety for patients. Established brands have strong distribution channels.
Weakness: High price compared to substitutes limits demand. Regional players have limited geographic reach.
Opportunity: Rapid growth in healthcare spending in developing nations. Increasing demand for homecare boosts portable recliners.
Threats: Supply chain disruptions, trade barriers impact availability. Low cost substitutes erode margins in price sensitive areas.
Key Takeaways
The global patient recliners market is expected to witness high growth supported by increasing healthcare infrastructure, medical tourism and demand for homecare. The global Patient Recliners Market is estimated to be valued at US$ 10.3 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030
Regional analysis shows North America dominates the market currently owing to high healthcare spending and reimbursement coverage for medical furniture. However, Asia Pacific is poised to grow at the fastest pace during the forecast period driven by rising access to healthcare in China, India along with positive government initiatives.
Key players operating in the patient recliners market are Medline Industries, LP., Krueger International (KI), Herdegen, J.D. Honigberg International, Inc., GF Health Products, Inc., Herman Miller, Inc., Gendron, Inc., Malvestio Spa, Stryker Corporation, Narula Udyog India Private Limited, Recliners India Private Ltd, Champion Chair, SaikangMedical, SeniorCare.com, and Jiangsu Yongfa Medical Equipment Technology Co., Ltd. These established brands are focusing on product innovations, mergers and acquisitions for geographic expansion to tap new growth opportunities.
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.
