Rising Mortality Rates Drive Growth Of Mortuary Equipment Market Driver: Leading Transformation in the Mortuary Equipment Market in 2025

What combination of drivers is leading to accelerated growth in the mortuary equipment market?
The surge in death rates is projected to stimulate the expansion of the mortuary equipment market. Known also as the mortality rate, the death rate is the quantification of the number of deaths in a specific area or time period. As this number escalates, the need for mortuary apparatus such as body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables also intensifies. These pieces of equipment are used to store and maintain bodies after death. For example, a study published by the American Cancer Society in January 2022 revealed that in the US, it's anticipated that there will be 609,360 cancer-related deaths and 1.9 million new cancer instances in 2022. This translates to about 1,670 deaths each day. Thus, the escalating death rates are fueling the growth of the mortuary equipment market.

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What is the projected compound annual growth rate (CAGR) of the mortuary equipment market from 2025 to 2034, and what factors influence it?
The market size for mortuary equipment has seen significant expansion in the past few years. The market that stood at $1.11 billion in 2024 is projected to escalate to $1.2 billion in 2025, marking a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth during the historical stage include the development of healthcare infrastructure, increase in population, the burgeoning funeral industry, adherence to regulatory compliance, and natural calamities.

In the coming years, the market size of mortuary equipment is predicted to experience swift expansion. The anticipated growth rate is an 11.7% compound annual growth rate (CAGR), ballooning the market up to $1.86 billion by 2029. Factors contributing to this increase during the forecast period include the aging populace, military and law enforcement applications, cremation services, cultural diversity, and preparations for pandemics. Key trends for this period encompass ecological burial methods, digitization of records and management, remote autopsies, sustainable practices, and the introduction of intelligent mortuary equipment.

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How are the latest trends influencing the growth of the mortuary equipment market?
Leading firms in the mortuary equipment market are leveraging strategic partnerships to introduce family funeral insurance products. These collaborative partnerships allow businesses to pool their strengths and resources for mutual profitability and success. Take, for instance, the Alliance Insurance Company: a US-based insurer that joined forces with Letshego Lesotho, an African financial service provider, in April 2023. The goal of this partnership was to launch an affordable family funeral insurance product in Lesotho, named the 'Sekhele Funeral Plan'. By combining forces with Alliance Insurance Company, Letshego Lesotho is enabling a greater number of Basotho people to access budget-friendly funeral insurance services and a wide array of groundbreaking products. The Sekhele Funeral Plan's Family Cover, for example, requests a mere minimum monthly premium of M41 yet offers coverage of up to M100,000. The plan has basic funeral insurance tiers labeled Bronze, Silver, Gold, and Platinum. The monthly rates for Member-only plans vary between M41 and M103, while Comprehensive Family Plans are priced from M56 to M188.

What are the major segments of the mortuary equipment market and their role in driving growth?
The mortuary equipment market covered in this report is segmented -

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

Subsegments:
1) By Refrigerators And Freezers: Single-Door Refrigerators, Double-Door Refrigerators, Freezers
2) By Autopsy and Dissection Tables: Hydraulic Autopsy Tables, Fixed Autopsy Tables, Dissection Tables
3) By Cadaver Lifts: Hydraulic Cadaver Lifts, Electric Cadaver Lifts
4) By Cadaver Trolleys: Manual Cadaver Trolleys, Electric Cadaver Trolleys
5) By Other Types: Embalming Machines, Storage Cabinets, Body Bags And Accessories

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Which regions are key players in the growth of the mortuary equipment market?
North America was the largest region in the mortuary equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mortuary equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the mortuary equipment market?
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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What Is Covered In The Mortuary Equipment Global Market Report?

•Market Size Forecast: Examine the mortuary equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mortuary equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the mortuary equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mortuary equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mortuary equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mortuary equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the mortuary equipment market.
•Competitive Landscape: Review strategic developments in the mortuary equipment market, including expansions, agreements, and new product launches.

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