Hospital Furniture Market: Global Industry Analysis and Outlook, Market Share, Market Trends

Hospital Furniture Market size was valued at US$ 6.68 Bn. in 2020 and the total revenue is expected to grow at 6.22 % through 2021 to 2027, reaching nearly US$ 10.19 Bn.

Hospital Furniture Market Overview:

The infrastructure of a hospital relies heavily on hospital furnishings. Furniture is required to turn a room into the desired environment. Hospital furniture is also crucial in changing a hospital environment into a welcoming public space for patients. The hospital furniture market satisfies the many utilitarian requirements of a hospital. The furniture is also used by hospital employees for a variety of functions. Hospital furniture is designed with medical personnel and patients in mind. The Hospital Furniture Industry serves a variety of hospitals all around the world. The hospital furniture is designed in such a manner that it draws in potential consumers or patients. Hospital Furniture Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Hospital Furniture Market Dynamics:

In the hospital furniture market, there are many key growth drivers. The key drivers of these markets ensure the current and future growth of the hospital furniture market. The first reason for the market growth is the increasing number of hospitals and clinics across the globe. The public government is trying to build more and more hospitals to avoid another pandemic-like situation. During the forecast period, the demand for more advanced hospitals and clinics is the main driving growth of the hospital furniture market demand. The public government's efforts to modernize the existing hospital infrastructure are also the main driving force of the hospital furniture industry. As geriatric illnesses frequently coexist with obesity and paralysis, people with disabilities will increasingly require mobility equipment to carry out their daily duties. As a result, the need for treatment as well as bariatric wheelchairs, mobility scooters, and other bariatric mobility and assistive equipment is estimated to rise as obesity and lifestyle-related impairments among the elderly increase. As a result, the hospital furniture market is expected to grow throughout the forecast period due to an increase in the global impaired population. In the past few years, the elderly population in countries such as India and China has increased significantly. In the elderly population, the prevalence of various chronic and acute diseases and other health conditions (such as cancer, thyroid, obesity and diabetes) is higher. Elderly people with these health conditions need frequent medical care services. According to the World Health Organization, by 2050, the elderly population (people over 60) is expected to double, from 960 million in 2017 to 2 billion in 2050. Globally, the elderly population is growing faster than the younger population. The elderly population accounts for 13% of the global population and is growing at a considerable rate every year. In addition, it is expected that by 2050, the number of people aged 80 and over will triple, from 137 million in 2017 to 425 million in 2050. At the moment, Europe has a sizable elderly population. Aging is linked to a decrease in family support for long-term caring and the high cost of official long-term caregiving services. As a result, these societal developments are projected to increase demand for healthcare services, which will, in turn, increase demand for hospital furniture. However, among other things, the rising cost of medical furniture may hinder market growth and will represent a huge barrier to the market's growth in the forecast period. COVID-19 IMPACT: Over the past months, it has seen the huge impact of new coronavirus on people's life. It has also had an influence on a variety of industries throughout the world, ultimately hurting the global economy. Some industries have had negative growth, while others have seen huge demand and produced massive income during this time period. Hospital furniture and equipment is one of the sectors that has benefited. It would be naive to believe that previous to COVID-19, all healthcare systems throughout the world had adequate hospital infrastructure to serve their unique patient populations. On the other side, the United States, Canada, Germany, the United Kingdom, and Japan had enough resources to manage and cure the sick. COVID-19 was labelled a pandemic and a global emergency by the World Health Organization in March 2020. Thousands of patients have been impacted, and hospital furniture such as hospital beds, ICU beds, stretchers, wheelchairs, hygiene devices, and urgent medical workstations is in limited supply. Hardly any of the healthcare systems had the resources to accommodate such a rapid increase in the number of patients admitted to hospitals. Hospital Furniture Market

Hospital Furniture Market Segment Analysis:

Based on the Type, the global Hospital Furniture market is sub-segmented into Hospital Bed, Hospital Chair & Bench, Hospital Cabinets, Hospital Screen, Hospital Trolley & Cart and Others. The Hospital Bed segment held the largest market share of xx% in 2020. Through the forecast period, factors such as rising demand for beds in hospitals and other healthcare institutions, an increase in the number of patients admitted to hospitals for surgical procedures, and increased patient stays in hospitals due to slow injury healing rates will drive the market growth of this segment. Many manufacturers are producing low-cost beds in response to the epidemic. Stryker, for example, one of the world's top medical technology firms, revealed today that it has designed a low-cost, limited-release emergency response bed to help healthcare practitioners offer effective care during the COVID-19 pandemic. Among the states with the most people in India had 7,13,986 government hospital beds, according to the National Health Profile–2019. This equals 0.55 beds for every 1000 persons. Patients in this age group have more challenges, making the elderly population (those aged 60 and up) more vulnerable. 5.18 beds per 1000 inhabitants are available in India. Based on the Material, the global Hospital Furniture market is sub-segmented into Wood, Metal and Plastic. The Wood segment held the largest market share of 65% in 2020. Due to the restricted amount of resources in public and government hospitals, preferences for hardwood furniture are favourable for market growth. Wooden chairs improve patient comfort and flexibility, allowing for more relaxation and, as a consequence, a higher rate of adoption. However, the metal segment held the largest market share of 50% in 2020. Metal-based hospital furniture is easy to maintain and long-lasting, boosting the material's position in the marketplace. Based on the End-User, the global Hospital Furniture market is sub-segmented into Hospitals, Diagnostic Centres and Clinics and Others. The Hospitals segment held the largest market share of xx% with revenue of US$ 11.4 Billion in 2020. During the forecast period, the segment is expected to be driven by a growing number of hospitals, increased hospitalizations of different chronic conditions, and increasing healthcare access in developing and underdeveloped countries. Also, the market will develop as the availability of improved treatment facilities in hospitals increases. Hospital Furniture Market

Hospital Furniture Market Regional Insights:

North America held the largest market share of 37% with in 2020. The increasing prevalence of diabetes, obesity and other chronic diseases leading to hospitalization will increase the demand for hospital furniture. Government-sponsored initiatives, such as reimbursements for hospital furniture and other equipment, account for a large percentage of the industry. With the increase in the number of hospitals, clinics and ASCs in the United States and Canada, the demand for hospital furniture will also increase. Asia Pacific is expected to grow at a highest CAGR of xx% in the global Hospital Furniture market during the forecast period. As India, China, Australia, and New Zealand have a large number of cancers, cardiovascular disease and infection patients, per capita health care expenditures have increased, and opportunities for access to health care have increased. The market in Latin America, the Middle East, and Africa is expected to grow at a moderate rate during the forecast period. The objective of the report is to present a comprehensive analysis of the global Hospital Furniture Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Hospital Furniture Market dynamic, structure by analyzing the market segments and project the global Hospital Furniture Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Hospital Furniture Market make the report investor’s guide.

Global Hospital Furniture Market Scope: Inquiry Before Buying

Global Hospital Furniture Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 6.68 Bn.
Forecast Period 2021 to 2027 CAGR: 6.22% Market Size in 2027: US $ 10.19 Bn.
Segments Covered: by  Type • Hospital Bed • Hospital Chair & Bench • Hospital Cabinets • Hospital Screen • Hospital Trolley & Cart • Others
by Application •  Physician Furniture • Patient’s Furniture • Staff’s Furniture
by Material • Wood • Metal • Plastic
by End-User • Hospitals • Diagnostic Centres • Clinics And Others

Global Hospital Furniture Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Hospital Furniture Market Key Players

Hill-Rom • Paramount Bed • StrykerLinet Group • Stiegelmeyer • ArjoHuntleigh • Pardo • France Bed • Bazhou Greatwall • Malvestio • Winco • Silentia • Merivaara • KC-Harvest • Haelvoet • Mespa • EME Furniture • Narang Medical • Hirtz & Co. KG. • Invacare Corporation • GF Health Products, Inc. • Medline Industries, Inc. • Linet • Bharat Surgical Co. Frequently Asked Questions: 1] What segments are covered in Hospital Furniture Market report? Ans. The segments covered in Hospital Furniture Market report are based on Type, Application, Material and End-User. 2] Which region is expected to hold the highest share in the global Hospital Furniture Market? Ans. North America is expected to hold the highest share in the global Hospital Furniture Market. 3] What is the market size of global Hospital Furniture Market by 2027? Ans. The market size of global Hospital Furniture Market is expected to reach US $ 10.19 Bn. by 2027. 4] Who are the top key players in the global Hospital Furniture Market? Ans. Hill-Rom, Paramount Bed, StrykerLinet Group, Stiegelmeyer, ArjoHuntleigh, Pardo and France Bed are the top key players in the global Hospital Furniture Market. 5] What was the market size of global Hospital Furniture Market in 2020? Ans. The market size of global Hospital Furniture Market in 2020 was US $ 6.68 Bn.
1. Global Hospital Furniture Market: Research Methodology 2. Global Hospital Furniture Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Hospital Furniture Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Hospital Furniture Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Hospital Furniture Market Segmentation 4.1 Global Hospital Furniture Market, by Type (2020-2027) • Hospital Bed • Hospital Chair & Bench • Hospital Cabinets • Hospital Screen • Hospital Trolley & Cart • Others 4.2 Global Hospital Furniture Market, by Application (2020-2027) • Physician Furniture • Patient’s Furniture • Staff’s Furniture 4.3 Global Hospital Furniture Market, by Material (2020-2027) • Wood • Metal • Plastic 4.4 Global Hospital Furniture Market, by End-User (2020-2027) • Hospitals • Diagnostic Centres • Clinics And Others 5. North America Hospital Furniture Market(2020-2027) 5.1 Global Hospital Furniture Market, by Type (2020-2027) • Hospital Bed • Hospital Chair & Bench • Hospital Cabinets • Hospital Screen • Hospital Trolley & Cart • Others 5.2 Global Hospital Furniture Market, by Application (2020-2027) • Physician Furniture • Patient’s Furniture • Staff’s Furniture 5.3 Global Hospital Furniture Market, by Material (2020-2027) • Wood • Metal • Plastic 5.4 Global Hospital Furniture Market, by End-User (2020-2027) • Hospitals • Diagnostic Centres • Clinics And Others 5.4 North America Hospital Furniture Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Hospital Furniture Market (2020-2027) 6.1. Asia Pacific Hospital Furniture Market, by Type (2020-2027) 6.2. Asia Pacific Hospital Furniture Market, by Application (2020-2027) 6.3. Global Hospital Furniture Market, by Material (2020-2027) 6.4. Asia Pacific Hospital Furniture Market, by End-User (2020-2027) 6.4. Asia Pacific Hospital Furniture Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Hospital Furniture Market (2020-2027) 7.1 Middle East and Africa Hospital Furniture Market, by Type (2020-2027) 7.2. Middle East and Africa Hospital Furniture Market, by Application (2020-2027) 7.3. Middle East and Africa Hospital Furniture Market, by Material (2020-2027) 7.4. Middle East and Africa Hospital Furniture Market, by End-User (2020-2027) 7.5. Middle East and Africa Hospital Furniture Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Hospital Furniture Market (2020-2027) 8.1. Latin America Hospital Furniture Market, by Type (2020-2027) 8.2. Latin America Hospital Furniture Market, by Application (2020-2027) 8.3. Latin America Hospital Furniture Market, by Material (2020-2027) 8.4. Latin America Hospital Furniture Market, by End-User (2020-2027) 8.5 Latin America Hospital Furniture Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Hospital Furniture Market (2020-2027) 9.1. European Hospital Furniture Market, by Type (2020-2027) 9.2. European Hospital Furniture Market, by Application (2020-2027) 9.3. European Hospital Furniture Market, by Material (2020-2027) 9.4. Latin America Hospital Furniture Market, by End-User (2020-2027) 9.5. European Hospital Furniture Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Hill-Rom 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Paramount Bed 10.3. StrykerLinet Group 10.4. Stiegelmeyer 10.5. ArjoHuntleigh 10.6. Pardo 10.7. France Bed 10.8. Bazhou Greatwall 10.9. Malvestio 10.10. Winco 10.11. Silentia 10.12. Merivaara 10.13. KC-Harvest 10.14. Haelvoet 10.15. Mespa 10.16. EME Furniture 10.17. Narang Medical 10.18. Hirtz & Co. KG. 10.19. Invacare Corporation 10.20. GF Health Products, Inc. 10.21. Medline Industries, Inc. 10.22. Linet 10.23. Bharat Surgical Co.

About This Report

Report ID 64223
Category Healthcare
Published Date June 2020
Updated Date Dec 2021
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