Press release
Hospital Furniture Market is expected to grow at 6.22 % through 2022 to 2029, Revenue Growth Regional Share Analysis and Forecast Till 2029
Hospital Furniture Market
As of 2022, the Hospital Furniture Market boasted a valuation of US$ 7.53 billion, and projections indicate a steady growth at 6.22% from 2022 to 2029, culminating in an estimated US$ 11.49 billion in total revenue.
Hospital furnishings play a pivotal role in shaping the infrastructure of medical facilities. Beyond mere functionality, furniture transforms hospital rooms into the desired environments and contributes to creating a welcoming public space for patients. This market caters to the diverse utilitarian needs of hospitals, serving both medical personnel and patients. Crafted with the well-being of healthcare professionals and patients in mind, hospital furniture serves a global network of hospitals. The design philosophy behind hospital furniture not only meets practical requirements but also aims to attract potential consumers and patients, enhancing the overall healthcare environment.
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What are Hospital Furniture Dynamics?
The hospital furniture market is underpinned by several key drivers that contribute to both current and future growth. A primary catalyst for market expansion is the escalating number of hospitals and clinics worldwide. Governments, in a proactive response to potential pandemics, are investing in the establishment of more healthcare facilities. This surge in demand for advanced hospitals and clinics is a significant factor fueling the growth of the hospital furniture market.
Furthermore, governmental initiatives aimed at modernizing existing hospital infrastructure play a pivotal role in propelling the hospital furniture industry forward. The concerted efforts of public authorities to enhance healthcare facilities contribute substantially to the demand for contemporary hospital furniture.
Additionally, the prevalence of geriatric illnesses, often coupled with conditions like obesity and paralysis, is driving an increased necessity for mobility equipment. The rising demand for specialized equipment such as bariatric wheelchairs, mobility scooters, and other assistive devices is anticipated to grow as the global population facing impairments due to obesity and lifestyle-related factors increases. This demographic shift is expected to sustain the growth of the hospital furniture market throughout the forecast period.
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What is Hospital Furniture Regional Insight?
As of 2022, North America commanded the predominant market share at 37%. The growing incidence of conditions like diabetes, obesity, and other chronic diseases necessitating hospitalization is anticipated to drive the demand for hospital furniture. Substantial contributions to the industry come from government-sponsored initiatives, particularly in terms of reimbursements for hospital furniture and related equipment. The expanding landscape of hospitals, clinics, and Ambulatory Surgical Centers (ASCs) in the United States and Canada is poised to further escalate the demand for hospital furniture.
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What is Hospital Furniture Segmentation?
by Material
Wood
Metal
Plastic
by End-User
Hospitals
Diagnostic Centres
Clinics And Others
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Who are Hospital Furniture Key Players?
1. Hill-Rom
2. Paramount Bed
3. StrykerLinet Group
4. Stiegelmeyer
5. ArjoHuntleigh
6. Pardo
7. France Bed
8. Bazhou Greatwall
9. Malvestio
10.Winco
11.Silentia
12.Merivaara
13.KC-Harvest
14.Haelvoet
15.Mespa
16.EME Furniture
17.Narang Medical
18.Hirtz & Co. KG.
19.Invacare Corporation
20.GF Health Products, Inc.
Table of content for the Hospital Furniture includes:
1. Global Hospital Furniture: Research Methodology
1. Global Hospital Furniture: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Hospital Furniture: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Market Size, Share, Size & Forecast by different segment |
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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