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NEW YORK , May 5, 2022 /PRNewswire/ -- The Stretcher Chairs Market offers a comprehensive analysis on new product launches, the latest trends, drivers, and challenges. The stretcher chairs market value is set to grow by USD 62.48 million from 2021 to 2026, progressing at a CAGR of 4.25% as per the latest market report by Technavio. Also, the market will record a 4% Y-O-Y growth rate in 2022.
The stretcher chairs market is fragmented and the vendors are deploying growth strategies such as reducing the price of their products to compete in the market. Some of the companies covered in this report are Acime UK Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., IBIOM Instruments Ltd., Jiangsu Rixin Medical Equipment Co. Ltd., LINET Group SE, Midmark Corp., NovyMed International BV, Productos Metelicos del Bages SL, Safety First Aid Group Ltd., SCHMITZ and Sohne GmbH and Co. KG, Standard Steel, STOLLENWERK and CIE. GMBH, Stryker Corp., Suzhou Fabio Medical Equipment Co. Ltd., UFSK-International OSYS GmbH, Winco Mfg. LLC, WyEast Medical Corp., etc.
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The key factors driving growth in the stretcher chairs market is the growth in the number of dentists and dental practices. Dental chairs are commonly used in dental care establishments. Hence, many hospitals and dental clinics are acquiring technologically advanced dental chairs to increase the efficiency and safety of their dental procedures and services. Hospitals and dental clinics are adopting dental chairs due to technological advancements, increasing healthcare expenditure in developing countries, and the increasing prevalence of dental diseases. The growth of the global dental chairs market is driven by the increase in the number of dentists and dental practices. Dentists in many countries prefer establishing their own dental clinics. In Canada , most dentists practice privately, either alone or through partnerships. In Australia , dental services are offered in private clinics and public healthcare facilities. Most dentists in Australia work in the private sector. Hence, the growth in the number of dentists and dental practices will drive the growth of the market.
However, the presence of stringent regulatory standards will be a major challenge for the stretcher chairs market during the forecast period. Manufacturers are hampered by the stringent government regulations that control the manufacturing, distribution, marketing, and sales of stretcher chairs. These regulations vary from country to country, making it difficult for global market players to operate in international markets. Maintaining the required level of quality in manufacturing stretcher chairs leads to additional costs for manufacturers and increases the overall production cost of stretcher chairs. The increased production cost poses a challenge to manufacturers and suppliers operating in the existing market and prevents them from entering new markets. Hence, the presence of stringent regulatory standards is the major challenge faced by the global stretcher chairs market.
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The competitive scenario provided in the stretcher chairs market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
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Accelerate at a CAGR of 4.25%
Leading companies, competitive strategies, consumer engagement scope
Acime UK Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., IBIOM Instruments Ltd., Jiangsu Rixin Medical Equipment Co. Ltd., LINET Group SE, Midmark Corp., NovyMed International BV, Productos Metelicos del Bages SL, Safety First Aid Group Ltd., SCHMITZ and Sohne GmbH and Co. KG, Standard Steel, STOLLENWERK and CIE. GMBH, Stryker Corp., Suzhou Fabio Medical Equipment Co. Ltd., UFSK-International OSYS GmbH, Winco Mfg. LLC, and WyEast Medical Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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