Latin America Specialty Medical Chairs Market Size & Outlook
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Latin America specialty medical chairs market highlights
- The Latin America specialty medical chairs market generated a revenue of USD 147.3 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, treatment chairs was the largest revenue generating product in 2023.
- Rehabilitation Chairs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 147.3 million |
| Market revenue in 2030 | USD 201.4 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Treatment chairs |
| Fastest growing segment | Rehabilitation Chairs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Examination Chairs, Treatment Chairs, Rehabilitation Chairs |
| Key market players worldwide | A-Dec, Fresenius Medical Care AG, Topcon Corp, MidMark Corporation, Danaher Corp, Dentsply Sirona Inc, Planmeca |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global specialty medical chairs market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,440.1 million by 2030.
Treatment chairs was the largest segment with a revenue share of 40.05% in 2023. Horizon Databook has segmented the Latin America specialty medical chairs market based on examination chairs, treatment chairs, rehabilitation chairs covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America includes Mexico and Brazil. Rapid economic development in Mexico is expected to boost market growth during the forecast period. Increasing prevalence of obesity in Latin America owing to lifestyle changes is expected to lead to a rise in the adoption of rehabilitation chairs in Latin America.
As per Panorama of Food and Nutrition Security in Latin America and the Caribbean report in 2017, around 360 million people were overweight and around 140 million were obese in this region. Presence of Pan American Health Organization (PAHO), which is committed to ensuring that all people have access to healthcare, is also contributing to the market growth.
Specialty medical chairs are expected to witness low market penetration in underdeveloped Brazilian regions. Increasing investments for improvement of healthcare infrastructure are expected to fuel market growth. In November 2019, Mexico's state social security agency IMSS granted USD 6.7 billion to health infrastructure projects, which is aimed to deliver about 111 hospitals by 2024.
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Specialty Medical Chairs Market Scope
Specialty Medical Chairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America specialty medical chairs market size, by country, 2018-2030 (US$M)
Latin America Specialty Medical Chairs Market Outlook Share, 2023 & 2030 (US$M)
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