Press release
Mortuary Equipment Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG
Mortuary Equipment Market Share
The Business Research Company offers in-depth market insights through Mortuary Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to aging population, military and law enforcement, cremation services, cultural diversity, pandemic preparedness. Major trends in the forecast period include green burial practices, digital records and management, remote autopsies, sustainable practices, smart mortuary equipment.
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Market Segmentation:
The main types of products in mortuary equipment are refrigerators and freezers, autopsy and dissection tables, cadaver lifts, cadaver trolleys, and others. The refrigerators and freezers are used in morgues and mortuaries for the storage of corpses at lower temperatures for a short or long period and are made of stainless steel. The applications include manual and automated and are implemented in various sectors such as hospitals, academic institutions, research organizations, forensic laboratories, and others.
Major Driver - Rising Mortality Rates Drive Growth Of Mortuary Equipment Market
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 Centres 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.
Competitive Landscape:
Major companies operating in the mortuary equipment market include Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG, EIHF Isofroid, Hygeco, S.M. Scientific Instruments Pvt. Ltd., Mopec Inc., Barber of Sheffield Ltd., C.F. di Ciro Fiocchetti & C. s.n.c., Mortuary Lift Company, Funeralia GmbH, Span Surgical Co., Thalheimer Kühlung GmbH & Co. KG, Roftek Ltd., Thermo Fisher Scientific Inc., Hickey & Co., SOVA Motion, Shandon Inc., Mortuary & Cemetery Supply Co., Jiangsu Saikang Medical Equipment Co. Ltd., American Crematory Equipment Co., B&L Cremation Systems Inc., C.F. Weber Co. Inc., Coldspring, Crescent Memorial, Custom Air Trays, DFW Europe, Eckels, Funeral Source One, GEM Scientific Inc.
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Top Trend - Mortuary Equipment Market Embraces Product Innovation For Improved Funeral Planning And Management
Product innovation is a key trend gaining popularity in the mortuary equipment market. Product innovation made funeral planning more accessible and more flexible by providing eco-friendly burials, funeral service webcasting, online obituaries, and headstone technology. Key players are focusing on innovative products to lead the mortuary equipment market. For instance, in January 2021, Mopec, a US-based pathology, anatomy, mortuary, and necropsy equipment and supplies company, announced the launch of a new all-inclusive cold storage container system available to provide mortuaries, funeral homes, and healthcare organizations with increased decedent refrigeration capacity. This temporary and expandable system sits at ground level and comes with an attachable ramp for easier loading and unloading. Available in a 20-foot or 40-foot system, these containers can handle 16 to 50 bodies at max capacity.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mortuary Equipment Market Characteristics
3. Mortuary Equipment Market Trends And Strategies
4. Mortuary Equipment Market - Macro Economic Scenario
5. Mortuary Equipment Market Size And Growth
…..
27. Mortuary Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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