Press release
Hospital Furniture Market to Account US$ 12,925.88 Million by 2029
Global Hospital furniture market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.7% in the forecast period of 2022 to 2029 and expected to reach USD 12,925.88 million by 2029. Due to the rising use of this furniture, it has become important to keep them supplied in full capacity with the latest technology devices attached in the market.
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Key Market Players mentioned in this report:
LINET
The Brewer Company
SKYTRON, LLC
Renray
Ocura
STERIS
Hill-Rom Services, Inc
Invacare Corporation
Stryker
Rolko Kohlgrüber GmbH
Favero Health Projects Spa
Völker GmbH
For instances,
In October 2020, Stryker announced the launch of the wireless hospital bed, ProCuity. This bed is designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, as well as help lower hospital costs. It can connect seamlessly to nurse call systems without the use of cables or wires. Thus the company has come up with a design that can help to improve patient outcomes and assist caregivers.
In October 2017, Hill-Rom Holdings Inc. announced the launch of its newest hospital bed, which will have sensors to monitor patients' heart and respiratory rates. The company is seeking to transform the ubiquitous furniture into a source of medical data, thus doing the hospitals' digital transformation. The sensors will check a patient's vital signs 100 times a minute and alert nurses when signs suggest the patient's condition may worsen. Thus, through digital transformation, the company will help the hospital treat the patients more efficiently.
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Global Hospital Furniture Market Scope and Market Size
Global Hospital furniture market is segmented into three notable segments which are based on the, product, application and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on product, the hospital furniture market is segmented into hospital beds, bedside tables, OT table, instrument stands, stretchers, hospital beds, chairs, scrub sinks, waste container, trolley, and others. In 2022, hospital beds is expected to dominate the market. The hospital beds are according to the need of patients. There are beds used for daily patients, and specialized beds are manufactured for ICU and maternity wards for the patient's convenience. The demand for hospital beds has increased, which is expected to drive the segment growth
Based on application, the hospital furniture market is segmented into physician furniture, patient's furniture, staff's furniture, and others. In 2022, the patient's furniture segment is expected to dominate the hospital furniture market. Patient furniture such as examination couches, examination lights, and chairs demand in the market is quite high. Maintenance of these products is much easier; hence it is expected to be a driving factor for the market.
Hospital Furniture Market, By Region:
The Hospital furniture market is analyzed and market size information is provided by the country, product, application and end-use as referenced above.
The countries covered in the Hospital furniture market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
The hospital beds segment is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 owing to increased product availability. U.S. dominates the North America region due to the increasing prevalence of chronic disorders such as diabetes, obesity, and others resulting in hospitalizations is expected to surge the demand for hospital furniture. The significant market share is attributed to favorable government policies such as reimbursements offered for medical furniture and other equipment.
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Table of Contents:-
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Overview of Global Hospital Furniture Market
1.4 Currency and Pricing
1.5 Limitations
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographical Scope
2.3 Years Considered For the Study
2.4 Dbmr Tripod Data Validation Model
2.5 Primary Interviews with Key Opinion Leaders
2.6 Dbmr Market Position Grid
2.7 Vendor Share Analysis
2.8 Multivariate Modeling
2.9 Product Timeline Curve
2.1 Market Application Coverage Grid
2.11 Secondary Sources
2.12 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Regional Summary: Global Hospital Furniture Market….
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