Hospital Furniture Market Set to Reach Valuation of USD 12,925.88 Million by 2029
Global Hospital Furniture Market research report contains thorough information about target markets or customers. Analytical study of this market report aids in formulating growth strategies to augment sales and build brand image in the market. This market report supports the business to take better decisions for the successful future planning in terms of current and future trends in particular product or the industry. The key factors of Global Hospital Furniture Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming.
Hospitals can only provide patient comfort with technologically advanced equipment and furniture. Hospitals need to maintain high-quality operational theater (OT) equipment as medical facilities. The increasing need for comfortable healthcare furniture for patients and their families is necessary, which is anticipated to boost the market’s growth. It is estimated that several companies are developing upgraded designs of furniture that can help doctors treat patients.
Global Hospital furniture market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.7% in the forecast period of 2022 to 2029 and expected to reach USD 12,925.88 million by 2029. Due to the rising use of this furniture, it has become important to keep them supplied in full capacity with the latest technology devices attached in the market.
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The increasing prevalence of chronic diseases is anticipated to drive the market’s growth rate
Chronic diseases and disorders are on the rise globally. The elderly population is leading to a continuous increase in these prevalent and expensive long-term health issues. As per the U.S. Department of Health & Human Services, chronic diseases such as diabetes, heart disease, and cancer are the primary causes of mortality and disability in the U.S. Therefore, because of the surge in the number of patients with multiple chronic diseases, their visit to the hospital has augmented, which is expected to boost the demand for hospital furniture in the market.
Report Scope and Market Overview:
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 – 2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Major Players
Data Bridge Market Research recognizes the following companies as the major hospital furniture market players in hospital furniture market are The Brewer Company (U.S.), SKYTRON, LLC (U.S.), Renray (U.K.), Ocura (U.K.), STERIS (U.S.), Hill-Rom Services, Inc. (U.S.), Invacare Corporation (U.S.), Stryker (U.S.), Rolko Kohlgrüber GmbH, Industriestr (Germany), Favero Health Projects Spa (Italy), Völker GmbH, Vechta (Germany), Stiegelmeyer GmbH & Co.KG, (Germany) Chang Gung Medical Technology,Co. LTd. (China).
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Market Development
- In 2020, SKYTRON, LLC launched Freedom booms as the newest member of the large and diverse Skytron portfolio. The product was launched as a freedom boom system that grew from watching and listening to the critical care healthcare system. The system will help enhance the company’s product portfolio with this innovative system.
- In 2020, LINET group extended the takeover of Bigla Care AG in Switzerland to make a strong market position in the country. By expanding the network, the company has increased its product portfolio
Segment Analysis:
The hospital furniture market is segmented into three notable segments which are based on the product, application, and end-use.
- Based on product, the hospital furniture market is segmented into bedside tables, OT table, instrument stands, stretchers, hospital beds, chairs, scrub sinks, waste container, trolley, and others.
The hospital beds segment of product type segment is anticipated to dominate the hospital furniture market
The hospital beds segment is expected to dominate the hospital furniture market with a 19.4% market share as it is a basic necessity for any hospital or healthcare center.
- Based on application, the hospital furniture market is segmented into physician furniture, patient’s furniture, staff’s furniture, and others.
The patient’s furniture segment of application segment is anticipated to dominate the hospital furniture market
The patient’s furniture segment is expected to dominate the hospital furniture market with a 40.3% market share because of an increase in demand due to uncertain circumstances such as the COVID-19 pandemic.
- Based on end-use, the hospital furniture market has been segmented into hospitals, outpatient clinics, medical nursing homes, medical laboratory and research. The hospital segment is expected to dominate the hospital furniture market with a 58.6% market share due to the rising demand for patient furniture in hospitals and clinics.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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