Global Hospital Furniture Market Size Study, By Type, By Application, and Regional Forecasts 2022-2032

Global Hospital Furniture Market is valued at approximately USD 18.27 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.06% over the forecast period 2024-2032. Hospital furniture includes specifically designed equipment and furnishings used in healthcare facilities to accommodate patients, medical staff, and medical equipment. These include items such as hospital beds, examination tables, patient chairs, bedside cabinets, overbed tables, and various medical carts. Built with durability, hygiene, and patient comfort in mind, these pieces are often constructed from materials that are easy to clean and disinfect. The expansion of the market hinges on various factors, including the increasing adoption of international accreditation standards by hospitals, the utilization of Internet platforms to enhance awareness of hospital infrastructure, and the rising prevalence of infectious diseases.

In the wake of the ongoing pandemic, hospitals and clinics face increasing demands to cater to patients with chronic diseases. As patient expectations evolve, there is a growing need for mobility equipment to address elderly illnesses and conditions like obesity and paralysis. This surge has led to a rise in demand for specialized equipment such as bariatric wheelchairs and mobility scooters. Consequently, the market, encompassing medical furniture costs and segments like beds, chairs, and instrument stands, witnesses significant growth. From ICU beds to birthing chairs, the sector must adapt to meet diverse patient needs efficiently while ensuring comfort and functionality.

The rise in international accreditation by hospitals is a key factor driving market growth. Many hospitals worldwide strive to develop world-class infrastructure, quality service, and amenities to serve their patients and adhere to the standards set by the Joint Commission International (JCI) to attract medical tourists. Currently, over 1,000 hospitals globally have JCI accreditation. The number of hospitals accredited by JCI is increasing as more hospitals seek accreditation.

Moreover, the rising number of medical emergencies is a significant market trend. To provide advanced services and equipment such as motorized beds and modern hospital beds, medical facilities are upgrading their emergency, critical care, acute care, and surgical facilities. These facilities are crucial for treating medical emergencies. Furthermore, semi-automatic beds are used in acute care facilities, and manual hospital beds are required for long-term care in hospitals and home care facilities.

Distribution issues faced by developing countries challenge market growth. Most product suppliers are in the US and Europe. Almost all major countries in APAC, especially China, India, and Bangladesh, impose high import tariffs on this equipment. Asian countries are subject to very high most-favored-nation duties as well as additional duties such as special taxes, landing charges, and countervailing duties, making the importation of these products very expensive.

The key regions considered for the global hospital furniture Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is estimated to contribute significantly to global market growth during the forecast period. The region has seen a rise in health spending and advanced healthcare facilities and services, particularly in intensive care, acute care, critical care, and long-term care centers. Increasing healthcare investment by countries like the US and Canada will be a major factor for market growth in the region. Whereas, the market in North America is anticipated to grow at the significant rate over the forecast period fueled by the growth of multi-specialty and sub-specialty hospitals is supported by rising personal healthcare spending in North America. Patients will have access to better medical facilities, as healthcare spending is higher in this region compared to other regions. Hence, such factors will drive the growth of the regional market during the forecast period.

Major market players included in this report are:

• Biomedical Solutions Inc.
• Chang Gung Medical Technology Co. Ltd.
• GF Health Products Inc.
• GPC Medical Ltd.
• IndoSurgicals Pvt. Ltd.
• Industrias H. Pardo SL
• Invacare Corp.
• LINET Group SE
• Medline Industries LP
• Narang Medical Ltd.
• NAUSICAA MEDICAL SAS
• PARAMOUNT BED HOLDINGS CO. LTD.
• ActiveAid LLC
• Arjo AB
• Baxter International Inc.

The detailed segments and sub-segment of the market are explained below:

By Type:

• Hospital Beds
• Examination Tables
• Patient Chairs
• Bedside Cabinets
• Overbed Tables
• Medical Carts

By Application

• Physician furniture
• Patient furniture
• Staff furniture

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• RoLA
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:

• Historical year - 2022
• Base year - 2023
• Forecast period - 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.