Specialty Medical Chairs Market
Specialty Medical Chairs Market Analysis By Product (Specialty Medical Chairs for Examination, Treatment, Rehabilitation), By Application, By Region - Global Insights 2021 to 2031
Analysis of Specialty Medical Chairs market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Market Outlook for Specialty Medical Chairs
Fact.MR’s specialty medical chairs industry analysis reveals that the global market was valued at US$ 5 Bn in 2020, and is projected to top US$ 7 Bn by 2031, expanding at a CAGR of 6%. Demand for specialty medical chairs for examination purposes is projected to reach a valuation of US$ 2 Bn by 2031, increasing at a CAGR of 5%, with that for treatment chairs surging at 8%.
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Key Market Insights Covered in Specialty Medical Chairs Industry Survey:
- Market Estimates and Forecasts (2016 to 2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Sales of Specialty Medical Chairs and How to Navigate
- Recommendation on Key Winning Strategies
Consumption Analysis of Specialty Medical Chairs from 2016 to 2020 Vs Demand Outlook for 2021 to 2031
As per the specialty medical chairs industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2016 to 2020, market value increased at 5% CAGR, where North America, Europe, and Asia Pacific held significant share in the global market.
The growing geriatric population is expected to accelerate the demand for specialty medical chairs over the forecast period. In addition, the introduction of technologically advanced and fully automated medical chairs is anticipated to serve the market with lucrative growth opportunities.
End-Stage Renal Disease (ESRD) regulations state that patients should receive the same type of care and treatment at home as they receive in hospitals, thereby increasing product adoption in homecare. These factors are expected to contribute to the growth of the market in the years ahead.
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How is Ease & Manoeuvrability of Specialty Medical Chairs Nudging Market Growth?
Specialty medical chairs help individuals in enhancing mobility or in improving comfort during various surgical operations. Specialty medical chairs can be used at the time of examination and treatment of patients in hospitals, clinics and ambulatory surgical centres. Also, ease and manoeuvrability of specialty medical chairs allows professionals to use them in different fields of healthcare.
Increasing awareness of medical conditions and growing access to medical assistance are key factors driving demand for specialty medical chairs across regions.
In addition, increasing preference for home healthcare is fuelling the growth of this market. Moreover, continuous R&D activities by major players to develop innovative products is expected to boost product sales over the forecast period.
Introduction of technologically advanced and fully automated medical chairs is expected to provide beneficial opportunities for market players in the near future.
Which Region is Projected to Offer Huge Opportunity for Specialty Medical Chair Manufacturers?
North America holds a dominant market share of over 44%. This can be attributed to increased geriatric population and the presence of a supportive reimbursement structure in the region. Rising prevalence of lifestyle-associated disorders is projected to drive regional market over the coming ten years.
An increase in the number of dental, ophthalmic, and ENT clinics across the U.S. and Canada is also pushing product demand. In addition, presence of key market players and advanced healthcare infrastructure along with high disposable income levels and vast lifestyle changes are contributing to overall growth of the regional market.
Asia Pacific is anticipated to be the fastest-growing regional market over the assessment period, owing to increasing geriatric population, which indicates a substantial socioeconomic burden in this region. An unprecedented increase in the geriatric population is also anticipated to reduce the workforce and increase public healthcare spending in this region, consequentially increasing the adoption of specialty medical chairs.
Furthermore, presence of supportive international organizations such as the United Nations Population Fund, which aims at providing support to developing countries for developing and implementing national strategies and policies, is projected to boost the growth. In addition, rising disposable income and continuous R&D activities by major regional players to develop innovative products are expected to bolster market growth over the coming years.
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Country-wise Analysis
How is Demand for Specialty Medical Chairs Shaping Up across the U.S?
Demand for specialty medical chairs in the U.S. was estimated at US$ 1.4 Bn in 2020. High demand is owing to rising geriatric population and well-developed reimbursement structure in the country.
In addition, increasing number of dental, ophthalmic,clinics across the U.S. are fuelling demand for specialty medical chairs in the country.
Category-wise Analysis
Why are Rehabilitation Chairs Popular in this Space?
Rehabilitation chairs hold the largest market share of 41%. Rehabilitation chairs include paediatric, bariatric, and geriatric chairs.
Paediatric chairs are used for bathing, positioning, and mobility purposes. Similar functions can be carried out using the bariatric and geriatric chairs, except the weight carrying capacity of these chairs may be higher. Growing geriatric population and rising cases of paralysis and spinal injuries are anticipated to drive the segment over the coming years.
As per WHO, in 2018, studies conducted in Africa stated that between 62.5% and 82.5% of people in need of rehabilitation services do not receive them, which is increasing their demand, and hence, is expected to drive the adoption of rehabilitation services and chairs.
What is the Demand Outlook for Treatment Chairs in the Global Market?
Sales of treatment chairs are anticipated to increase at a lucrative CAGR of 8% during the forecast period. They are an indispensable part of any treatment procedure such as surgeries.
A major benefit associated with these products is that they help patients achieve a comfortable posture, which gives doctors unrestricted access to various parts of the body. This equipment increases safety for both, caregivers and patients, and enhances patient relaxation.
The market for treatment chairs is expected to grow steadily during the analysis period.
How Has COVID-19 Impacted Specialty Medical Chair Sales?
The ongoing global COVID-19 pandemic crashed all markets and businesses around the world. Cancellation of all non-essential services and day-to-day commute services along with lockdowns imposed in a majority of countries has created an environment of ruckus and has adversely affected the world economy.
The pandemic has also majorly affected the healthcare sector. Healthcare infrastructure is focusing on bulk purchase of personal protective equipment (PPEs) and medical ventilators for effective patient treatment. Thus, as professionals are more focused on essential supplies, demand for specialty medical chairs has decreased significantly.
Competitive Landscape
Many local and international medical device manufacturers are investing in this market due to its high growth potential. The competitive milieu has resulted in improved treatment delivery, better products, and increased patient safety.
Most key players focus on mergers & acquisitions, new product development, collaborations & partnerships, and expansion strategies to strengthen their market position.
- In June 2017, Dentsply Sirona entered into a distribution agreement with Henry Schein Canada, Inc. to expand its distribution network in Canada. Rising number of industry participants are expected to intensify market competition over the coming years.
Specialty Medical Chairs Market Report Scope
| Report Attribute | Detail |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | US$ Mn for Value & ‘000 Units for Volume |
| Key Regions Covered | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Australia, Middle East, Latin America |
| Key Market Segments Covered | Product, Application, Region |
| Key Companies Profiled | Dentsply Sirona; Danaher (KaVo Dental GmbH); Fresenius SE & Co. KGaA; A-DEC, Inc.; ACTIVEAID Inc.; DentalEZ, Inc.; Topcon Medical Systems Inc.; Midmark Corp.; PLANMECA OY; Hill Laboratories Company; Forest Dental Products Inc.; Invacare Corporation; Rehab Seating Systems Inc. |
| Customization & Pricing | Available upon Request |
Key Segments Covered in Specialty Medical Chairs Industry Research
-
By Product
- Specialty Medical Chairs for Examination
- Birthing
- Cardiac
- Blood Drawing
- Dialysis
- Mammography
- Specialty Medical Chairs for Treatment
- Ophthalmic
- ENT
- Dental
- Specialty Medical Chairs for Rehabilitation
- Paediatric
- Bariatric
- Geriatric
- Specialty Medical Chairs for Examination
-
By Application
- Specialty Medical Chairs Used in Hospitals
- Specialty Medical Chairs Used in Clinics
- Specialty Medical Chairs Used in Ambulatory Surgical Centres
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 9.1. Examination
- 9.2. Treatment
- 9.3. Rehabilitation
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Application
- 10.1. Hospitals
- 10.2. Clinics
- 10.3. Ambulatory Surgical Centres
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. A-dec
- 21.2. ActiveAid
- 21.3. DentalEZ
- 21.4. Fresenius Medical Care AG & Co. KGaA
- 21.5. Topcon Corp
- 21.6. Midmark Corp
- 21.7. Danaher (KaVo Dental GmbH)
- 21.8. Dentsply Sirona
- 21.9. Planmeca Oy
- 21.10. Hill Laboratories Company
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2016 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2016 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Product, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By Application, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Product, 2021 (E)
Figure 18: North America Market Value Share, By Application, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Product, 2021 (E)
Figure 26: Latin America Market Value Share, By Application, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Product, 2021 (E)
Figure 34: Europe Market Value Share, By Application, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2016 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Product, 2021 (E)
Figure 42: South Asia Market Value Share, By Application, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Product, 2021 (E)
Figure 50: East Asia Market Value Share, By Application, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Product, 2021 (E)
Figure 58: Oceania Market Value Share, By Application, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2016 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Product, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2016 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Product, 2021 (E)
Figure 75: U. S. Market Value Share, By Application, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Product, 2021 (E)
Figure 78: Canada Market Value Share, By Application, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Product, 2021 (E)
Figure 81: Mexico Market Value Share, By Application, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Product, 2021 (E)
Figure 84: Brazil Market Value Share, By Application, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Product, 2021 (E)
Figure 87: U. K. Market Value Share, By Application, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Product, 2021 (E)
Figure 90: Germany Market Value Share, By Application, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Product, 2021 (E)
Figure 93: France Market Value Share, By Application, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Product, 2021 (E)
Figure 96: Italy Market Value Share, By Application, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Product, 2021 (E)
Figure 99: Spain Market Value Share, By Application, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Product, 2021 (E)
Figure 102: Russia Market Value Share, By Application, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Product, 2021 (E)
Figure 105: China Market Value Share, By Application, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Product, 2021 (E)
Figure 108: Japan Market Value Share, By Application, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Product, 2021 (E)
Figure 111: South Korea Market Value Share, By Application, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Product, 2021 (E)
Figure 114: India Market Value Share, By Application, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Product, 2021 (E)
Figure 117: ASEAN Market Value Share, By Application, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Product, 2021 (E)
Figure 120: Australia Market Value Share, By Application, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Product, 2021 (E)
Figure 123: New Zealand Market Value Share, By Application, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Product, 2021 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Product, 2021 (E)
Figure 129: Turkey Market Value Share, By Application, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Product, 2021 (E)
Figure 132: South Africa Market Value Share, By Application, 2021 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the global market for specialty medical chairs?
The global specialty medical chairs market was valued at 5 Bn in 2020 and is anticipated to top 7 Bn by 2031.
Which region accounted for the largest market share for specialty medical chairs?
North America dominated the global specialty medical chairs market with a share of 44% in 2020. This is attributable to rising geriatric population and well-developed reimbursement structure.
Who are the key manufacturers of specialty medical chairs?
Some of the key players operating in the market include Fresenius Medical Care AG & Co. KGaA, Topcon Corporation, Midmark Corp, Danaher (KaVo Dental GmbH), Dentsply Sirona, and Hill Laboratories Company.
What are the factors driving demand for specialty medical chairs?
Key factors that are driving market growth include increasing aging population, rising number of dental, ophthalmic, and ENT clinics, and advanced healthcare infrastructure.
What is the key restraints for the market growth of specialty medical chairs?
Lack of access to top-notch products is likely to remain a key restraint for the market over the forecast period, especially in developing economies.
Which segment holds the largest revenue share for specialty medical chairs?
Rehabilitation chairs hold the largest revenue share of 41% in the market for specialty medical chairs.
Specialty Medical Chairs Market