Hospital Furniture Market Outlook By Stryker, Bio Medical Solutions, KI, Hill-Rom, Bristol Maid Hospital Metalcraft etc. Till 2027

The Global Hospital Furniture Market has been witnessing upswings in the recent years and presents a positive outlook for the forthcoming years. According to Market Research Future (MRFR)'s analysis, the global hospital furniture market is poised to register a CAGR of 9.8% over the forecast period of 2017-2023. With the rapid increase in a number of hospitals and healthcare centers around the world, and emphasis being laid to provide improved facilities is the primary driving force behind the growth of the market.

The government in various developing countries is encouraging new hospitals in the private sector in order to increase treatment facilities in accordance with the latest developments. Increasing patient expectations towards better hospital infrastructure also have a catalyzing effect on the growth of the global hospital furniture market. In the midst of the urban environment, various old hospitals and healthcare institutions are renovating their outdated hospital furniture.

Thus, renovation of hospitals also spurs the market growth. Other driving factors for the growth of the market include increasing healthcare expenditure, persistent development in technology and innovations in hospital furniture. Whereas, long life of furniture and the substantial cost associated with them are the most prominent hurdles to the growth of the global hospital furniture market.

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Global Hospital Furniture Market - Key Players

The key players that are involved in Global Hospital Furniture market are Stryker (US), Bio Medical Solutions (India), KI (US), GPC Medical (India), Chang Gung Medical Technology (China), Hill-Rom (US), Narang Medical (India), Beaver Healthcare Equipment (UK), Renray Healthcare (UK), Bristol Maid Hospital Metalcraft (UK), The Brewer Company (US).

Global Hospital Furniture Market - Competitive Analysis

The market for hospital furniture is characterised by the presence of several well-established and small players, the global market of hospital furniture appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. Hospital furniture market is a saturated market due to the presence of many local and multinational players. Number of different products are available into the market and so key players are trying to focus on acquisition and strategic alliances with local companies to minimize the competition.

New product launch is a business strategy adopted by the companies in this market. For instance, in September 2015, Stryker Corporation completed the acquisition of Muka Metal, A.S. Muka is a privately held business headquartered in Kayseri, Turkey that sells hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally. The acquisition of Muka aligns with act as a strategy to expand Styker’s global presence through existing channels with an established and trusted brand.

Global Hospital Furniture Market - Segments

The Market for Hospital Furniture is segmented in mainly two parts i.e. by Type, by end users and its various sub-segments; by type include Hospital Bed, Hospital Chair, Hospital Table, Hospital Trolley and others. Whereas by End Users include Hospitals, Clinics, Path Labs and others.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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