Market Research Future (MRFR) has published a cooked research report on the “Global Hospital Furniture Market” that contains information from 2018 to 2032. The Global Hospital Furniture Market is estimated to register a CAGR of 9.7% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Hospital Furniture Market — Stryker Corporation, Hill-Rom Bio Medical Solutions, GPC Medical, Narang Medical, and others.
Hospital Furniture Market Highlights
The Global Hospital Furniture Market is accounted to register a CAGR of 9.7% during the forecast period and is estimated to reach USD 18.9 billion by 2032.
The global hospital furniture market refers to the industry involved in the manufacturing and distribution of furniture specifically designed for use in healthcare facilities such as hospitals, clinics, and nursing homes. Hospital furniture plays a crucial role in providing comfort and convenience to patients, healthcare professionals, and staff members while ensuring the efficient functioning of medical facilities.
Segment Analysis
The Global Hospital Furniture Market has been segmented based Type, Application, End User.
based on type, includes Bedside Tables, OT Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley and others. The beds segment commanded the market share. The hospital beds section is further subdivided into ICU beds, fowler beds, ordinary hospital beds, pediatric beds, maternity beds, and others. The hospital beds segment is likely to be driven by rising demand for ICU beds as the prevalence of chronic diseases necessitates critical care services throughout the forecast period. Furthermore, due to the increasing number of bariatric procedures and the growing senior population, electrical or powered beds are favored over simple beds from private hospitals.
The hospital furniture market segmentation, based on application, includes Physician, Furniture, Patient’s Furniture and Staff’s Furniture. The market for patient furniture such as examination sofas, examination lights, drawers, benches, bedside tables, over-bed tables, and chairs is extremely large. The hospital furniture market is primarily driven by easier product maintenance. Furthermore, the CAGR for physician's furniture is predicted to be the greatest during the forecast period. Examining tables, surgical chairs, and other types of physician furniture are available
Based on End Users, the global Hospital Furniture industry has been segmented into Hospitals, Diagnostic Centers and Clinics. The hospitals and specialty clinics category led the market, accounting for 55.0% of total revenue. The expanding number of hospitals is driving the segment's growth due to the increased demand for furnishings. Strong rivalry has raised market demand for various types of furniture, leading to technological advancements in furniture-attached gadgets for hospitals.
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Regional Analysis
The Global Hospital Furniture Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. This is expected to increase demand for hospital furniture due to the rising prevalence of chronic conditions such as obesity, diabetes, and cardiac arrest, which may result in hospitalizations. Further, the major countries studiedin the market .The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Hospital Furniture Market accounts for the second-largest market share, because it has its fair share of hospitals and clinics, as well as government efforts to provide better healthcare facilities to the people of this region. Further, the Germany Hospital Furniture Market held the largest market share, and the UK Hospital Furniture Market was the fastest growing market in the European region
The Asia-Pacific Hospital Furniture Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the healthcare industry's infrastructure development. Other factors that are anticipated to contribute to the market growth in this area include the rising geriatric population and spending on healthcare services. Moreover, China Hospital Furniture Market held the largest market share, and the India Hospital Furniture Market was the fastest growing market in the Asia-Pacific region
Key Findings of the Study
- The Global Hospital Furniture Market is expected to reach USD 18.9 billion by 2032, at a CAGR of 9.7% during the forecast period.
- The Asia-Pacific Hospital Furniture Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the healthcare industry's infrastructure development.
- based on type, includes Bedside Tables, Ot Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley and others.
- Stryker Corporation, Hill-Rom Bio Medical Solutions, GPC Medical, Narang Medical, and others.
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Companies Covered | 15 |
Pages | 105 |
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