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Global Medical Furniture Market Share, Analsyis, Size, Growth, Report, Forecast: By Product Type: Beds, Chairs, Bedside and Operating Chairs, Trolleys, Cabinets and Lockers, Others; By Material; By Sector; By End User; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments; 2023-2031
Global Medical Furniture Market Outlook
The global medical furniture market size attained a value of about USD 7.30 billion in 2022, 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 market is further expected to grow at a CAGR of 5.60% during the forecast period of 2023-2031 to reach nearly USD 11.92 billion by 2031.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material |
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| Breakup by Sector |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical Furniture Market Overview
3.1 Global Medical Furniture Market Historical Value (2016-2022)
3.2 Global Medical Furniture Market Forecast Value (2023-2031)
4 Global Medical Furniture Market Landscape
4.1 Global Medical Furniture Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical Furniture Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Material
4.2.3 Analysis by Sector
4.2.4 Analysis by End User
5 Global Medical Furniture Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical Furniture Market Segmentation
6.1 Global Medical Furniture Market by Product Type
6.1.1 Market Overview
6.1.2 Beds
6.1.3 Charis
6.1.4 Bedsides and Operating Chairs
6.1.5 Trolleys
6.1.6 Cabinets and Lockers
6.1.7 Others
6.2 Global Medical Furniture Market by Material
6.2.1 Market Overview
6.2.2 Wood
6.2.3 Metal
6.2.4 Plastic
6.2.5 Others
6.3 Global Medical Furniture Market by Sector
6.3.1 Market Overview
6.3.2 Public
6.3.3 Private
6.4 Global Medical Furniture Market by End User
6.4.1 Market Overview
6.4.2 Hospital and Clinics
6.4.3 Diagnostic Centre
6.4.4 Ambulatory Surgical Centre
6.4.5 Others
6.5 Global Medical Furniture Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Medical Furniture Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical Furniture Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical Furniture Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Medical Furniture Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical Furniture Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Getinge AB
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Hill-Rom Services, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Stiegelmeyer GmbH & Co. KG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Stryker Corporation
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Covonex
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Herman Miller Furniture
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 NAUSICAA Medical
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Drive DeVilbiss Healthcare
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Steris Plc
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 ARJO AB
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Invacare Corporation
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Medical Furniture Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2022, the global market for medical furniture attained a value of USD 7.30 billion.
The market is anticipated to grow at a CAGR of 5.60% during the forecast period of 2023-2031 to reach a value of USD 11.92 billion by 2031.
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.
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