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Global Medical Furniture Market: By Product Type: Beds, Chairs, Bedside and Operating Tables, Trolleys and Stretchers, Cabinets and Lockers, Others; By Material; By Sector; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Medical Furniture Market Outlook
The global medical furniture market stood at a value of more than USD 6.91 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.6% to reach over USD 9.1 billion by 2027.
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The Metal Segment Accounts for a Significant Share in the Global Market for Medical Furniture
Metal is increasingly becoming a preferred choice of material for hospital furniture owing to the various advantages offered by this type of material. Metal medical furniture is durable, safe, strong, aesthetic, environment-friendly, pest resistant and space-smart. In addition, the affordability and low maintenance of the product are bolstering the adoption of metal as a material for medical furniture. Additionally, metal-based medical beds and chairs can be cleaned using regular soap and water. As a result, these are some of the factors pushing the growth of the market.
North America to Hold a Significant Share in the Global Market for Medical Furniture
The medical furniture industry in North America is driven by the strong healthcare infrastructure in the United States of America and Canada, coupled with the favourable medical care policies for both private and public sector employees. The government's growing efforts in these nations to provide better access to the geriatric population is further anticipated to augment the market in the forecast period. Furthermore, the strong foothold of the key industry players in the region is likely to provide impetus to the regional market.
Medical Furniture: Market Segmentation
Medical furniture is defined as a movable article that is used in healthcare centres, such as hospitals, nursing homes, and clinics, to bolster the comfort of the patients and visitors. Some important medical furniture includes a hospital trolley, hospital stand, hospital table, and hospital chair, among others.
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Based on product type, the market can be segmented into:
- Beds
- Chairs
- Bedside and Operating Tables
- Trolleys and Stretchers
- Cabinets and Lockers
- Others
By material, the medical furniture industry is divided into:
- Wood
- Metal
- Plastics
- Others
On the basis of sector, the market is segmented into:
- Public
- Private
The different applications of medical furniture include:
- Hospitals and Clinics
- Diagnostic Centre
- Ambulatory Surgical Centre
- Others
The EMR report looks into the regional markets for medical furniture like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Rising Application of Medical Furniture in Different Medical Centres to Boost the Growth of Market
The rising application of medical furniture in hospitals, diagnostic centres, and ambulatory surgical centres is driving the market. The rising hospitalisation rates, owing to the increasing prevalence of chronic cases such as cancer, diabetes mellitus, and cardiovascular diseases, among others, is likely to propel the demand for medical furniture in the healthcare centres. In addition, the global market benefitted from the insurgence of the coronavirus pandemic, which augmented hospitalisation and boosted the demand for beds, chairs, and stretchers, among others. Further, growing efforts by the healthcare authorities to expand the diagnosis and medical examination processes are some of the factors shaping the growth of the market. Furthermore, the rapid development of hospitals and nursing homes in the emerging economies of the world is expected to provide impetus to the market growth.
Key Industry Players in the Global Medical Furniture Market
The report gives a detailed analysis of the following key players in the global medical furniture market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Getinge AB
- Hill-Rom Services, Inc.
- Stiegelmeyer GmbH & Co. KG
- Stryker Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Material, Sector, Application, Region |
| Breakup by Product Type | Beds, Chairs, Bedside and Operating Tables, Trolleys and Stretchers, Cabinets and Lockers, Others |
| Breakup by Material | Wood, Metal, Plastics, Others |
| Breakup by Sector | Public, Private |
| Breakup by Application | Hospitals and Clinics, Diagnostic Centre, Ambulatory Surgical Centre, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Getinge AB, Hill-Rom Services, Inc., Stiegelmeyer GmbH & Co. KG, Stryker Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medical Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Furniture Historical Market (2017-2021)
8.3 Global Medical Furniture Market Forecast (2022-2027)
8.4 Global Medical Furniture Market by Product Type
8.4.1 Beds
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Chairs
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Bedside and Operating Tables
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Trolleys and Stretchers
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Cabinets and Lockers
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Medical Furniture Market by Material
8.5.1 Wood
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Metal
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Plastics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Medical Furniture Market by Sector
8.6.1 Public
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Private
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Medical Furniture Market by Application
8.7.1 Hospitals and Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Diagnostic Centre
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Ambulatory Surgical Centre
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Medical Furniture Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code - 9402)
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Getinge AB
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Hill-Rom Services, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Stiegelmeyer GmbH & Co. KG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Stryker Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Medical Furniture Market: Key Industry Highlights, 2017 and 2027
2. Global Medical Furniture Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3. Global Medical Furniture Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4. Global Medical Furniture Historical Market: Breakup by Material (USD Billion), 2017-2021
5. Global Medical Furniture Market Forecast: Breakup by Material (USD Billion), 2022-2027
6. Global Medical Furniture Historical Market: Breakup by Sector (USD Billion), 2017-2021
7. Global Medical Furniture Market Forecast: Breakup by Sector (USD Billion), 2022-2027
8. Global Medical Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
9. Global Medical Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
10. Global Medical Furniture Historical Market: Breakup by Application (USD Billion), 2017-2021
11. Global Medical Furniture Market Forecast: Breakup by Application (USD Billion), 2022-2027
12. Global Medical Furniture Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Medical Furniture Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Medical Furniture Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Medical Furniture Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Medical Furniture Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Medical Furniture Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Medical Furniture Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Medical Furniture Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Medical Furniture Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Medical Furniture Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Medical Furniture Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Medical Furniture Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Medical Furniture Market Structure
Key Questions Answered in the Report
In 2021, the global medical furniture market attained a value of over USD 6.91 billion.
The market is estimated to grow at a CAGR of 5.6% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach more than USD 9.1 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is being driven by the growing medical institutions and the rising preference for metal medical furniture due to advantages like durability, aesthetically appealing, safe, and easy to clean.
The key market trend guiding the growth of the industry include the growing R&D activities to develop superior quality medical infrastructure in healthcare centres.
The major product types of medical furniture are beds, chairs, bedside and operating tables, trolleys and stretchers, and cabinets and lockers, among others.
The different materials of medical furniture include wood, metal, and plastics, among others.
The significant sectors of medical furniture include public and private sectors.
The different applications of medical furniture are hospitals and clinics, diagnostic centre, and ambulatory surgical centre, among others.
The major players in the industry are Getinge AB, Hill-Rom Services, Inc., Stiegelmeyer GmbH & Co. KG, and Stryker Corporation, among others.
Analyst Review
The global medical furniture market attained a value of more than USD 6.91 billion in 2021, driven by the rising application of the medical furniture in hospitals. Aided by the growing demand for durable medical furniture, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.6%. The market is projected to reach over USD 9.1 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into beds, chairs, bedside and operating tables, trolleys and stretchers, and cabinets and lockers, among others. On the basis of material, the market is divided into wood, metal, and plastics, among others. By sector, the market is segmented into public and private. The significant applications of medical furniture include hospitals and clinics, diagnostic centre, and ambulatory surgical centre, among others. The major regional markets for medical furniture are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Getinge AB, Hill-Rom Services, Inc., Stiegelmeyer GmbH & Co. KG, and Stryker Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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