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Hospital Furniture Market market is expected to grow at a CAGR of 8.1% during the forecasted period | Evolve Business Intelligence

11-26-2023 02:39 AM CET | Health & Medicine

Press release from: Evolve Business Intelligence

Hospital Furniture Market market is expected to grow at a CAGR

As per the study initiated by Evolve Business Intelligence, the global Hospital Furniture Market size accounted for USD 10.1 Billion in 2023, growing at a CAGR of 8.1% from 2023 to 2033. Hospital furniture refers to the various types of furniture and equipment used in healthcare settings such as hospitals, clinics, and medical facilities. These pieces of furniture are designed to meet the specific needs of healthcare professionals, patients, and other individuals in the healthcare environment. Hospital furniture includes items such as beds, examination tables, chairs, cabinets, trolleys, and other furnishings used in medical settings.

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The overall growth of the healthcare industry, including an increase in the number of hospitals, clinics, and medical facilities, drives the demand for hospital furniture. As the healthcare sector expands, there is a need for more furniture to accommodate the growing number of patients and healthcare professionals. The global population is increasing, and with it comes a higher demand for healthcare services. A larger patient population requires more hospital beds, examination tables, and other furniture to support medical care and treatment. Advances in medical technology often require new types of furniture to support and accommodate these technologies. For example, the integration of advanced imaging equipment may necessitate specialized furniture to house and support these devices.

Key Players
Some of the major Hospital Furniture Market players holding high market shares include Narang Medical Limited., Baxter International Inc., Stryker Corporation, GPC Medical Ltd., and LINET Group SE. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Stiegelmeyer GmbH & Co. KG, GF Health Products, Inc., Amico Group of Companies, Paramount Bed Co., Ltd., and Arjo AB

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Segmental Analysis
Based on product type, the Hospital Furniture market is segmented into Hospital Beds, Hospital Chairs, Hospital Tables, Stretchers, Medical Carts, and Others. Hospital beds are the most essential piece of furniture in any healthcare setting, and they account for the largest share of the global hospital furniture market. Hospital beds must be able to meet the needs of a wide range of patients, from those who can ambulate on their own to those who require complete bed rest. They must also be comfortable, durable, and easy to clean. The increasing prevalence of chronic diseases and the aging population are driving demand for hospital beds. As more and more people require healthcare services, hospitals are expanding their bed capacity, which is creating a need for more hospital furniture.
Based on application, the Hospital Furniture market is Physician's Furniture, Patient's Furniture, Staff's Furniture. Patient furniture is the largest segment of the hospital furniture market. This is because patient furniture is essential for providing a comfortable and safe environment for patients. Patient furniture includes beds, chairs, tables, and other items that are used in patient rooms, waiting areas, and other areas of the hospital. The increasing focus on patient experience is driving demand for patient furniture. Hospitals are investing in patient furniture that is designed to improve patient comfort, satisfaction, and outcomes.

Based on sales channels, the Hospital Furniture market is Offline Channel, Online Channel. The offline channel is the largest segment of the hospital furniture market. This is because hospitals typically prefer to purchase hospital furniture directly from manufacturers or authorized dealers. This allows them to inspect the furniture before they buy it and to ensure that it meets their specific needs.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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