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.
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Data Bridge Market Research analyses that the Global Hospital Furniture Market is growing with a CAGR of 4.7% from 2022 to 2029 and is expected to reach USD 12,925.88 million by 2029 from USD 8951.31 million in 2021. The increasing demand for hospital furniture will provide potential opportunities for the market growth in the forecast period.
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 Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Bedside Tables, OT Tables, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley And Others), Application (Physician Furniture, Patient's Furniture, Staff's Furniture & Others), End-Use (Hospitals, Outpatient Clinics, Medical Nursing Homes & Medical Laboratories And Research)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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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.
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).
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
Regional Analysis
Geographically, the countries covered in the hospital furniture market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the hospital furniture market during the forecast period 2022 to 2029
North America dominates the hospital furniture market due to the developed healthcare infrastructure in North America and the early adoption of technologically advanced products. Also, the increase in hospitalizations because of numerous chronic disorders boosts the market growth.
Asia-Pacific is estimated to be the fastest-growing region in the hospital furniture market the forecast period 2022 to 2029
Asia-Pacific is expected to grow from 2022 to 2029 due to the increased awareness associated with the treatment for infectious disease and favorable reimbursement scenarios.
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