Mortuary Equipment Market Will Reach Nearly USD 1,282.81 Million In Revenues By 2024

Mortuary Equipment Market Scenario

The Global Mortuary Equipment Market 2020, according to MRfr, is poised to mature at a CAGR of 6.48% to reach USD 12.82 billion by 2024.

Mortuary Equipment Market Highlights

During the evaluation period, high mortality rates, technical innovations, the modernization of mortuary operations, and the growing number of unclaimed bodies in morgues are expected to lead to demand development. The factors that are projected to drive the market during the forecast period are the rising number of morgues and the rising demand for automation in mortuary processes, including postmortem and corpse moving. Technological improvements have had a significant influence on the development of the mortuary equipment industry. It is expected that the advent of automated instruments such as autopsy platforms, dissection tables, and embalming platforms may increase demand for these instruments. Integration of hydraulics and mechatronics in these systems allows to improve professional comfort and reduce procedural scheduling and increase performance.

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Growing opportunities in the private healthcare industry have immense potential for an increase in hospital admissions, thereby increasing the number of morgues. Furthermore, the entry of private morgues, which often provide funeral services, is projected to play an important role during the forecast years in growing the market for these equipments.

The number of hospitals has grown over time, along with a growing population and demand for world-class facilities. The growth in the number of morgues is directly proportional to the increase in the number of hospitals, as most of the hospitals have mortaries. Moreover, the number of private morgues has increasingly risen in recent years as the death care sector offers tremendous potential for generating income in personalised funeral services. There is a high need for a selection of sizes for the best usage of floor space in morgues. It is expected that the substitution of conventional platforms with these innovative ones will play an important role in driving the development of the mortuary equipment industry.

However, during the forecast period, the advancement of the anatomy table and elevated mortuary equipment costs are likely to hinder market growth.

Mortuary Equipment Market Segmental Overview

The global mortuary equipment market, by product type, has been segmented into cadaver lifts & trolleys, refrigeration units, embalming workstations, dissection tables, autopsy platforms, and others.

On the basis of end-user, the global mortuary equipment market has been segmented into forensic laboratories, academic institutes & research organizations, hospitals, and others.

Mortuary Equipment Market Regional Overview

Based on area, the global demand for mortuary equipment is split into the Americas, Europe , Asia-Pacific and Middle East & Africa.

The largest share of the global mortuary equipment industry is projected to be held by the Americas. This is due to the availability of a significant number of private mortaries, the replacement of redundant facilities and the growing demand in the area for mortuary facilities. Due to the rising need for improved storage of corpses for scientific and scholarly purposes, Europe has witnessed tremendous growth in the sector and the increasing demand in private morgues has resulted in a rise in mortuary equipment purchases.

Asia-Pacific is expected to be the world's fastest growing region due to the vast number of private sector hospitals, including medical schools , technical innovations, and increasing investment by local players who export their goods at reasonable rates to developing countries. In 2018, Australia kept an 11.8 per cent share in the demand for mortuary equipment in Asia-Pacific. In addition, due to the growing usage of mortuary equipment in countries such as Egypt , Saudi Arabia and others, the Middle East & Africa market is expected to expand steadily due to the large number of cancer-related deaths observed in these regions, as mortuary equipment is needed in many processes.

Mortuary Equipment Market Competitive Dashboard

The eminent players in the global mortuary equipment market are Ferno-Washington Inc. (US), KUGEL Medical GmbH & Co. KG (Germany), SM Scientific Instruments Pvt. Ltd (India), HYGECO (France), Mortech Manufacturing Company Inc. (US), Mopec Inc. (US), Barber of Sheffield (UK), EIHF Isofroid (France), Thermo Fisher Scientific (US), Funeralia GmbH (Germany), LEEC Limited (UK), Flexmort (UK) and others.

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This release was published on openPR.