The Latin America, Middle East and Africa Specialty Medical Chairs Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
The specialty medical chairs market is predicted to develop as the number of people in need of treatment or inspection rises. Furthermore, an increase in the senior population for rehab purposes is aiding the market's expansion. The rise in the incidence of chronic diseases, as well as technological developments in the operation and design of specialty medical chairs, is all contributing to the market's growth. Road accidents, meningitis, spinal cord injuries, and job injuries are all contributing to the specialty medical chairs market's rise.
Patients with end-stage renal disease (ESRD) must receive the same level of treatment and care at home as they do in hospitals, according to ESRD legislation, encouraging product usage at homecare. These factors are projected to contribute to the market's growth in the coming years.
The UAE's Gross Domestic Product (GDP) is predicted to grow 3.5 percent in 2019, up from 2.8 percent in 2018, thanks to a $13.6 billion stimulus package unveiled by Abu Dhabi in June 2018 and a slew of other initiatives aimed at making doing business easier across the country. The UAE government has made building a world-class healthcare infrastructure a primary priority, and as a result, the industry has grown and expanded tremendously in recent years. According to the World Health Organization, one-third of adults in the UAE are obese, and one out of every five persons has diabetes.
As the prevalence of lifestyle diseases rises, these people will require higher-quality healthcare, owing to their relatively high-income levels. The government is concentrating its efforts on building a healthcare infrastructure to meet this demand. Both the federal and emirate levels of government oversee healthcare in the UAE. Federal legislation stems from the 1970s and 1980s, and there are currently pending legislative reform proposals to help the healthcare business develop. The UAE government is modernizing rules in order to attract international investment and raise the standard of healthcare in the country.
The Brazil market dominated the LAMEA Specialty Medical Chairs Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $143.6 million by 2028. The Argentina market is estimated to grow at a CAGR of 15.4% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 14.5% during (2022 - 2028).
Based on Product, the market is segmented into Rehabilitation (Geriatric, Bariatric, Pediatric, and Others), Treatment (Dental, Ophthalmic, ENT, and Others), and Examination (Dialysis, Blood Drawing, Mammography, Cardiac, and Birthing). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Specialty Medical Chairs Market is Predict to reach $6.3 Billion by 2028, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Topcon Corporation, Dentsply Sirona, Inc., Danaher Corporation, Fresenius SE & Co. KGaA, A-dec, Inc., DentalEZ, Inc., ActiveAid, LLC, Midmark Corporation, Planmeca Oy, and Hill Laboratories Company.
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