Market Size of Patient Recliners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 12.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Patient Recliners Market Analysis
The patient recliners market studied was anticipated to grow with a CAGR of 12.5% during the forecast period. The major factor attributing to the growth of the market is a steep rise in the elderly population across all the geographical locations. The rising prevalence of chronic disorders like cancers, diabetes, and rheumatoid arthritis necessitates the increased comfort for patients. As per United Nations data of World Population Prospects for the year 2019, the number of people over the age of 65 was to increase from 9% in 2019 to more than 16% of the total world's population by 2050. Also, the number of persons aged 80 years or over is projected to triple, from 143 million in 2019 to 426 million in 2050. Thus, a rise in the volume of patient pool demands high requirements of patient recliners. Additionally, enhanced comfort, convenience, and ease of treatment with recent advanced compact designs are likely to boost the global market's growth over the forecast period.
