PUBLISHER: Allied Market Research | PRODUCT CODE: 1414814
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414814
According to a new report published by Allied Market Research, titled, "Hospital Furniture Market," The hospital furniture market was valued at $8.1 billion in 2022, and is estimated to reach $15.5 billion by 2032, growing at a CAGR of 6.7% from 2023 to 2032.
Several key factors drive the growth of the hospital furniture market. These include the continual rise in healthcare expenditure, advancements in healthcare technology, and the expansion of healthcare infrastructure in both developed and emerging nations. Globally, healthcare systems grapple with increasing costs propelled by factors such as the integration of advanced medical technologies, the surge in chronic diseases, and the necessity for expanded healthcare infrastructure. Consequently, substantial financial resources from governments and private entities are allocated to healthcare, resulting in expanded budgets for medical facilities. This heightened healthcare expenditure leads to a growing demand for top-quality hospital furniture, particularly investments in contemporary and comfortable furnishings such as patient beds, chairs, and examination tables. These investments are crucial to ensure healthcare facilities can deliver effective care while meeting the expectations of patients and medical professionals.
Moreover, the expansion of healthcare infrastructure plays a pivotal role in driving the hospital furniture market. The growing global population, coupled with the need to improve access to healthcare services, necessitates the construction of new hospitals, clinics, and medical facilities. These newly established healthcare facilities require a diverse array of hospital furniture, including patient beds, surgical tables, and medical carts. The demand for such furniture is fueled by the necessity to accommodate the needs of a burgeoning patient population and deliver healthcare services within a comfortable and efficient environment. Furthermore, advancements in healthcare technology are expected to fuel the growth of hospital furniture market. Modern medical practices increasingly rely on cutting-edge technology, and this necessitates the presence of furniture that can accommodate and support these advancements. Hospital beds with electronic controls, adjustable examination tables and ergonomic workstations for healthcare professionals have become indispensable in healthcare settings. The ongoing evolution of medical technology continually compels the market to adapt and provide furniture that can seamlessly integrate with these innovative medical tools and devices.
In addition, patient comfort and safety are integral components of the healthcare experience, and they serve as critical drivers in the hospital furniture market. Hospitals are increasingly focusing on enhancing patient comfort, with features such as pressure-relieving mattresses, fall-prevention designs and ergonomic furniture for healthcare workers. Further, by prioritizing the well-being of patients and the safety of healthcare professionals, the key players are offering innovative and patient-centered furniture solutions, making healthcare settings more conducive to recovery and treatment.
The hospital furniture market is segmented into product type, application, sales channel and region. By product type, the market is segregated into hospital beds, hospital chairs, hospital tables, stretchers, medical carts and others. The hospital beds segment is further divided into powdered beds and manual beds. The powdered beds segment is classified into electric beds and semi-electric beds. The hospital tables segment is further classified into examination table, operational table, obstetric table and other tables. On the basis of application, the market is classified into physician's furniture, patient's furniture and staff's furniture. Based on sales channel, the market is divided into offline channel and online channel. Region wise, market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global hospital furniture market are Narang Medical Limited., Baxter International Inc., Stryker Corporation, GPC Medical Ltd., LINET Group SE, Stiegelmeyer GmbH & Co. KG, GF Health Products, Inc., Amico Group of Companies, Paramount Bed Co., Ltd., and Arjo AB. The key players have adopted strategies such as product launch, agreement, and acquisition to expand their product portfolio.
Key Benefits for Stakeholders
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
Type