Global Hospital Furniture Market by Type (Bedside Tables, Ot Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley and Others), by Application (Physician Furniture, Patient’s Furniture, Staff’s Furniture), by End Users (Hospitals, Diagnostic Centres, Clinics and Others), Global Hospital Furniture Market by Region (North America, APAC, Europe, MEA& Africa and South Africa).
Various factors such as increasing prevalence of chronic diseases worldwide, rising number of hospital admissions, growing investments in healthcare infrastructural development and increasing government support for hospitals covered under healthcare sector are mainly driving the global hospital furniture market over forecast period.
However, factors such as high cost of medical furniture, less awareness about healthcare in several underdeveloped countries are restraining the market growth over forecast period.
Global Hospital Furniture Market is segmented by type, by application and by end user and by Region. By Type, Hospital Beds segment dominated the industry with revenue size of USD 3.1 billion in 2019 and is expected to keep its dominance over forecast period. Factors such as growing demand of beds in hospitals as well as other healthcare institutions, increasing number of patients admitted in hospitals for surgical procedures and increased patient stays in hospitals due to slow injury healing rate are driving the market growth of this segment over forecast period.
By geography, North America held 34.65% of market share in 2019 and is expected to keep its dominance over forecast period. In North America developed economies such as United States and Canada have well-developed hospitals. Community as well as State hospitals are equipped with best in class medical furniture. Moreover, continuous development in technology, introduction innovative furniture, favourable demographic trends such as rising geriatric population are also driving the market growth in this region.
Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this market are Stryker Corporation (US), Bio Medical Solutions (India), KI (US), GPC Medical (India), Anetic Aid Limited (UK), DRE INC (US), Bristol Maid Hospital Metalcraft (UK), The Brewer Company (US), GPC Medical Ltd (India), Chang Gung Medical Technology (China), Hill-Rom (US), Narang Medical (India), Beaver Healthcare Equipment (UK) and Renray Healthcare Ltd. (UK) among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Hospital Furniture Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Hospital Furniture Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Hospital Furniture Market positioning of competitors.
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