Press release
Hospital Furniture Market at a Rapid Pace Until 2027 with Top Companies to Watch Out: Stryker, Bio Medical Solutions, KI, Hill-Rom, Bristol Maid Hospital Metalcraft Etc.
Hospital Furniture Market
The Global Hospital Furniture Market can expect a hike in business by 9.8% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR). The report further includes drivers such as the growing number of hospitals and clinics across the world, demand for greater efficiency in hospital function, and patient comfort that can impact the hospital furniture market expansion.
On the other hand, the high cost of furniture can pull back the expected growth rate of the hospital furniture market. At the same time, the demand for longer life span of these furniture just to curb the revamping cost can affect the hospital furniture market.
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Global Hospital Furniture Market - Segments
MRFR has segmented the report into four key dynamics for an easy grasp and enhanced understanding: -
By Types: Comprises Bed-side Tables, OT Tables, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Containers, and Trolley, among others.
By Applications: Physician Furniture, Patient’s Furniture and Staff’s Furniture among others.
By End-Users: Hospitals, Diagnostic Centers, and Clinics among others.
By Regions: North America, Europe, APAC and Rest of the World.
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).
Industry/Innovation/ Related News:
June 4, 2018 – Cytecare Hospitals Pvt. Ltd (India), an Oncology firm dedicated to highly specialized, modern diagnostic services, treatment and care for Cancer announced that it has raised US$ 31 Mn. in a Series A round of funding led by global investment bank Goldman Sachs.
June 10, 2018 – Lutheran Health Network (US) one of the largest healthcare provider in the northeast region of Indiana announced receiving of US$ 500 Mn. capital investment from the Community Health Systems to upgrade hospital facilities including furniture.
In May 2018, XinChen Caster Wheels Company announced the development of Central Locking Casters Wheels for Medical and Hospital Furniture Use. Two new types of central locking caster wheels have been developed - the double central locking casters wheel and the single central locking casters wheels.
In August 2018, LKL International Bhd, a hospital furniture manufacturer received a contract worth RM 6.19 Million to supply beds and medical equipment to be constructed in Rawang.
Global Hospital Furniture Market – Geographical Analysis
Globally North America leads the Hospital Furniture market with the significant market share. The Market is expected to grow phenomenally during 2017 to 2023. Attributing to the high healthcare expenditure and increasing demand for better infrastructure and furniture, the market is expected to perceive a healthy growth. Another important driver for the regional market growth is the rapid uptake of new technologies in the US.
Europe emerging as a lucrative market for Hospital Furniture will grow at a phenomenal CAGR. The resurging economy in the region is expected to foster the regional market growth.
Asia Pacific market for the Hospital Furniture is expected to perceive the fastest growth by 2023 at a modest CAGR during 2017 to 2023. India and China backed by the huge population and the growing focus on improving the healthcare facilities.
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Moreover, the fastest growing healthcare sector will provide impetus to the market growth. Vietnam, Thailand, and Malaysia among other South East Asian countries are projected to contribute significantly to the regional market growth. Besides the growing penetration of healthcare insurance is expected to drive the Hospital Furniture market in the in the Asia Pacific region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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