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Mortuary Equipment Market Report 2024-2033: Market Size, Growth, Share Analysis And Trends | Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG
Mortuary Equipment Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Mortuary Equipment industry. This report on Mortuary Equipment market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The mortuary equipment market size has grown strongly in recent years. It will grow from $1.05 billion in 2023 to $1.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to healthcare infrastructure, population growth, funeral industry, regulatory compliance, natural disasters. The mortuary equipment market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
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Key Market Players:
Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG are prominent players in the Mortuary Equipment industry.
Market Drivers:
According to the Mortuary Equipment Market Report 2024 by The Business Research Company, The increase in mortality rates are expected to propel the growth of the mortuary equipment market going forward. The mortality rate, commonly known as the death rate, is a measure of the number of deaths in a certain location or period. As the death rate rises, so does the demand for mortuary equipment such as body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, which are used to preserve and store deceased people also increases. For instance, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the age-adjusted death rate in the United States increased by 5.3% from 835.4 deaths per 100,000 standard population in 2020 to 879.7 in 2021. Age-adjusted death rates increased for 8 of the 10 leading causes of death and decreased for 2 . Therefore, the increasing mortality rates drive the growth of the mortuary equipment market.
More information about the Global Mortuary Equipment Market Report -
https://www.thebusinessresearchcompany.com/report/mortuary-equipment-global-market-report
Market segments for Mortuary Equipment include:
1)By Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types
2)By Application: Manual, Automated
3)By End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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