The global Hospital furniture Market experienced robust growth in 2020 and is expected to maintain a steady revenue CAGR over the forecast period. This is being aided by increased financing for the enhancement of healthcare infrastructure, as well as a steady increase in the number of private hospitals in underdeveloped and developing nations. Hospital furniture is a significant sector and feature of hospitals that attracts patients. The growing number of hospitals worldwide is one of the primary drivers of the global hospital furniture market. However, the high cost of medical furnishings and a lack of understanding of healthcare in certain developing nations limit market expansion.
The COVID-19 outbreak had a significant influence on the entire value of the medical furniture sector. The number of people who require advanced medical equipment and critical care has skyrocketed, resulting in an increased need for medical furniture to meet the demands and comfort of patients. Wood is expected to dominate the market across the forecast period as wooden chairs enhance patient comfort and flexibility, allowing for better relaxation. Ambulatory surgical centers (ASCs) are expected to dominate the market across the forecast period, given their ability to execute difficult surgeries in a short amount of time.
North America is expected to dominate the hospital furniture market across the forecast period due to the rising prevalence of chronic diseases and government measures such as reimbursements for medical furniture and other equipment. The Asia Pacific Hospital Furniture Market is expected to register the fastest growth in CAGR over the forecast period due to the presence of rapidly growing economies and favorable demographic trends, such as an increase in the senior population.
Companies such as Hill-Rom, Paramount Bed, and StrykerLinet Group are leading the industry in the global hospital furniture market. These companies are offering superior quality medical furniture products to ensure optimal patient care and accelerate industry growth. For example, Invacare released Ocean Ergo, which includes six new modular shower chair commodes that are specifically designed to improve user freedom, comfort, and safety.
In conclusion, the global hospital furniture market is expected to maintain steady growth over the forecast period, driven by an increase in the number of hospitals worldwide, rising prevalence of chronic diseases, and government measures to reimburse medical furniture and other equipment. However, the high cost of medical furnishings and a lack of understanding of healthcare in certain developing nations may limit market expansion. Companies such as Hill-Rom, Paramount Bed, and StrykerLinet Group are leading the industry by offering superior quality medical furniture products to ensure optimal patient care and accelerate industry growth.
Detailed Segmentation In Our Report:
For the purpose of this report, the global Hospital Furniture Market is segmented on the basis of product type, material type, application/ end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Hospital Bed
- Hospital Chair & Bench
- Hospital Cabinets
- Hospital Screen
- Hospital Trolley & Cart
- Others
Material Type Outlook (Revenue, USD Billion; 2018-2028)
- Wood
- Metal
- Plastic
- Others
Application/ End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospital
- Clinic
- Ambulatory Surgical Centres
- Others
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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