Global Medical Furniture Market to cross USD 8 Bn by 2025

April 09, 2020


According to the research report titled ‘Medical Furniture Market Size By Product (Beds {Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Bariatric Beds}, Chairs, Tables, Trolleys And Stretchers, Cabinets and Lockers), By Material (Wood, Metal, Plastics) By End-use (Hospitals, Home Healthcare, Ambulatory Surgical Centers) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Netherlands, Japan, India, China, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait, Qatar), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global medical furniture market is expected to surpass USD 8 billion by the year 2025.
 

Technological improvements in medical infrastructure along with favorable government initiatives towards enhancements on healthcare facilities is fostering the demand for medical furniture. Rising patient preference for hospitals due to their standardized facilities along with high occurrence rate of chronic diseases such as cardiovascular diseases, diabetes and cancer are driving the market growth. However, escalated costs of high quality medical furniture may hinder the overall market share.
 

By product type, the report states that tables segment is presumed to grow with a CAGR of 5.8% during 2019-2025. Wide range of product including examination tables, bed side tables and surgical tables in consort with increasing number of hospitalizations and availability of advanced surgical tables for patient comfort will positively influence the segmental growth.
 

In terms of material, metal segment held 50.6% revenue share in the year 2018 and will showcase similar growth trends in the forthcoming years. Metal is not only more durable, but also improves the lifespan of the furniture that used in hospitals and laboratories.
 

Citing the end-use landscape, medical furniture market share from home healthcare setting is expected to grow with a CAGR of 6.1% through 2025. Shifting inclination towards homecare setting owing to better comfort, faster recovery and cost effectiveness is stimulating the industry outlook.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1862867/
 

Considering the geographical landscape, the report cites that Latin America medical furniture industry was worth USD 700 million in 2018 and is predicted to grow continuously during the estimated timeframe. Modernization of healthcare infrastructure in tandem with rising patient pool are augmenting the regional demand for medical furniture.
 

The established companies operating in medical furniture market are Philips Healthcare, OMRON Corp., Invacare Corp., Luxor, Johnson & Johnson, Promotal, LINET, STERIS Corp, Skytron, Hill-Rom Holdings, Getinge and Stryker among others.


Frequently Asked Questions (FAQ) :

Technological improvements in medical infrastructure along with favorable government initiatives towards enhancements on healthcare facilities are fostering the demand for medical furniture.
Wide range of product including examination tables, bed side tables and surgical tables in consort with increasing number of hospitalizations and availability of advanced surgical tables for patient comfort will impel medical table adoption in hospitals.
Modernization of healthcare infrastructure, rising patient pool and surging prevalence of lifestyle diseases are promoting the business scenario in Latin America.
The established companies are Philips Healthcare, OMRON Corp., Invacare Corp., Luxor, Johnson & Johnson, Promotal, LINET, STERIS Corp, Skytron, Hill-Rom Holdings, Getinge and Stryker among others.