Hospital Furniture Market Analysis

Global hospital furniture market size is predicted to grow at a 9.8% CAGR between 2017-2023, states the new Market Research Future (MRFR) report. The hospital environment should meet strict safety and health guidelines to make sure everything is just right to use. Cleanliness is of utmost importance, but along with this, the furniture used in the hospital also plays a crucial role. Right from the chairs to the beds, every piece should offer comfort and safety to the patients, staff, and physicians alike.

Various factors are propelling the hospital furniture market growth. These factors, as stated by the latest Market Research Future (MRFR) report, include maintenance and modernization of healthcare projects, advances, and innovation in healthcare infrastructure in both developing and developed countries, people’s preference for hospitals that have best-in-class furniture, and increasing prevalence of chronic diseases mainly diabetes and cancer. Additional factors propelling market growth include the renovation of hospitals, availability of motorized stretcher chairs as well as other advanced furniture, and increasing hospital admissions.

On the flip side, the soaring cost of furniture is likely to hamper the hospital furniture market growth over the forecast period.

Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Hospital Furniture Market and demographic challenges, showed how it could move forward in the coming years.

Hospital Furniture Market Segmentation

The MRFR report provides an all-inclusive segmental analysis of the hospital furniture market on the basis of application, end users, and type.

Based on type, the hospital furniture market is segmented into trolleys, waste containers, scrub sinks, chairs, hospital beds, stretchers, instrument stands, OT tables, bedside tables, and others. Of these, hospital beds will have the largest share in the market during the forecast period for its burgeoning demand in hospitals and other healthcare institutions.

Based on the application, the hospital furniture market is segmented into staff’s furniture, patient’s furniture, and physician furniture. Patient furniture is again segmented into the bedside table, stretchers, and others. Physician furniture is further segmented into surgery chairs, examination tables, and others. Staff’s furniture is again segmented into stands and others.

Based on end users, the hospital furniture market is segmented into clinics, diagnostic centers, hospitals, and others. Of these, the hospital segment will dominate the market over the forecast period on account of the rising number of hospital admissions worldwide and the increasing incidence of trauma cases and chronic diseases that have surged the demand for furniture in hospitals.

Hospital Furniture Market Regional Analysis

By region, the hospital furniture market report covers the latest trends and growth opportunities across the Middle East and Africa, Europe, North America, and the Asia Pacific. Of these, North America will spearhead the market over the overcast period on account of the presence of well-developed healthcare infrastructure and profuse investments being made for its upkeep.

The hospital furniture market in Europe is predicted to have significant growth over the forecast period. Factors boosting the growth of the hospital furniture market in the region include the increasing number of physically challenged people in the region, growing incidence of chronic conditions, growing elderly populace, and increasing focus by the government to offer access to safe and high-quality healthcare to all citizens. Moreover, high investments being made in the healthcare sector and the presence of many key players are also adding to the market growth.

The hospital furniture market in the APAC region is predicted to have the fastest growth over the forecast period. Factors boosting the growth of the hospital furniture market in the region include governments undertaking necessary steps for uplifting the healthcare segment and emerging economies spending heavily for boosting healthcare infrastructure. Moreover, most countries are developing as a medical hub, and increasing burden of diseases have led to a higher need for healthcare centers that are adding to the market growth.

The hospital furniture market in the MEA is predicted to have a small share over the forecast period owing to low investments in healthcare.

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Hospital Furniture Market Key Players

Major players profiled in the hospital furniture market report include Moore Medical LLC (US), Ocura Healthcare Furniture (UK), Narang Medical (India), Hill-Rom (US), Chang Gung Medical Technology (China), GPC Medical Ltd (India), The Brewer Company (US), Bristol Maid Hospital Metalcraft (UK), DRE INC (US), Anetic Aid Limited (UK), Bio Medical Solutions (India), KI (US), and Stryker Corporation (US). Key players have used numerous strategies to suffice the growing needs of customers, such as product launch, collaboration, and mergers.

Hospital Furniture Industry News

March 2019: Everlife has acquired CPC Diagnostics for including the core IVD (in-vitro diagnostics) segments in their medical device portfolio and also extend their presence to India. Everlife has investments in Bio-REV that specializes in distribution of media and consumables, and reagents to life science industries, DV Medika Group, distributor and manufacturer of hospital furniture as well as other medical supplies and equipment, and Chemopharm Group, a leading provider of solutions and products to research & medical and laboratory facilities in Southeast Asia.