June 22, 2024

Patient Recliners Market Perspectives: Shaping the Future of Medical Seating

Patient Recliners Market

Patient recliners are medical furniture used for seating and reclining of patients in various healthcare settings such as hospitals, clinics, long-term care facilities, home healthcare, and assisted living facilities. Patient recliners are designed to provide comfort and support to patients suffering from chronic illnesses and limited mobility. Some key features of patient recliners include adjustable backrest and leg rest positions, lifting mechanisms, cushioned seats and arms, custom sizes, and battery and electrical options. They help minimize the discomfort of patients and support independent movement. The growing geriatric population suffering from chronic diseases and disability has increased the demand for such medical furniture for patients’ care and recovery.

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 key trends:
There has been a rise in technological advancements in patient recliners with product development focused on personalized care, convenience, and comfort. Major manufacturers are offering features such as adjustable lumbar support, wireless remote control, lightweight and foldable designs, tilt-in-space positioning, zero-gravity positions, and power-assisted lifting mechanisms. The growing trend towards home healthcare is also driving innovations to develop recliners suitable for independent living at home. Furthermore, increasing healthcare expenditure along with government initiatives to improve healthcare infrastructure in developing nations are encouraging investments in advanced medical equipment and furniture.

Porter’s Analysis

Threat of new entrants: Low, as Patient Recliners Market has established market leaders with strong brand names and patient recliners manufacturing requires high initial investment.

Bargaining power of buyers: Moderate, as there are many established manufacturers providing patient recliners. However, manufacturers differentiate through products and provide additional services.

Bargaining power of suppliers: Low, as raw materials used in patient recliners manufacturing such as plastics, steel, and upholstery fabrics are commodity products and suppliers have limited control over pricing.

Threat of new substitutes: Low, as patient recliners have no close substitutes and directly contribute to patient recovery, safety, and comfort.

Competitive rivalry: High, as the market has major global players competing on the basis of product innovation, quality, and pricing.

Key Takeaways

The global Patient Recliners market is expected to witness high growth. The North American region currently dominates the market owing to presence of major manufacturers and rising healthcare spending.

Regional analysis: Europe is expected to grow at a significant rate during the forecast period due to increasing aged population and prevalence of chronic diseases in the region. Countries such as Germany, UK, and France are expected to be the major markets.

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.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it