Rising Mortality Rates Drive Growth Of Mortuary Equipment Market: Key Factor Driving The Growth In The Mortuary Equipment Market

The Mortuary Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Mortuary Equipment Market Size During the Forecast Period?
The market size for mortuary equipment has seen significant growth in the past few years. It is projected to expand from $1.11 billion in 2024 to $1.2 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors such as the improvement in healthcare infrastructure, increase in population, expansion of the funeral industry, regulatory adherence, and natural disasters have all contributed to the growth during the historical period.

In the forthcoming years, a swift expansion is anticipated in the mortuary equipment market, with a projected rise to $1.86 billion by 2029, achieving a compound annual growth rate (CAGR) of 11.7%. Factors such as an aging population, requirements from the military and law enforcement, the demand for cremation services, cultural diversity, and readiness for possible pandemics contribute to the growth during the forecast period. Key emerging trends within this period encompass eco-friendly burial practices, digital record keeping and management, remote autopsies, sustainability initiatives, and the advent of intelligent mortuary equipment.

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What Are the High-Growth Segments in the Mortuary Equipment Market?
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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What Key Drivers Are Expected to Influence Future Mortuary Equipment Market Growth?
The escalation in death rates is predicted to fuel the expansion of the mortuary equipment market in the future. The death rate, more commonly referred to as the mortality rate, denotes the tally of deaths within a specific time or place. As this rate increases, so does the need for different types of mortuary equipment such as cadaver bags, mortuary gurneys, elevating carts, morgue cleaning units, and post-mortem examination tables. These equipment are utilized for the preservation and storage of deceased individuals. For example, the American Cancer Society, a health organization based in the US, released research in January 2022 stating that 609,360 cancer-related deaths and about 1.9 million new cancer instances are expected to occur in the US in 2022. This equates to approximately 1,670 deaths every day. As such, the rise in mortality rates contributes significantly to the augmentation of the mortuary equipment market.

Which Companies Hold the Largest Share Across Different Mortuary Equipment Market Segments?
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.

What Trends Are Driving Growth in The Mortuary Equipment Market?
Large companies in the mortuary equipment market are implementing a strategic alliance model to roll out family funeral insurance products. Strategic alliances are scenarios in which businesses take advantage of each other's capabilities and assets in order to earn mutual rewards and achieve shared success. To exemplify, Letshego Lesotho, a financial services company from Africa, entered a partnership with Alliance Insurance Company, a US-based insurance solutions provider, in April 2023. The purpose of this collaboration is to roll out an affordable family funeral insurance product in Lesotho, known as the 'Sekhele Funeral Plan'. In partnership with Alliance Insurance Company, Letshego Lesotho aims to provide more Basotho access to budget-friendly funeral insurance services and a wide array of innovative products. One such product is the Sekhele Funeral Plan's Family Cover which stipulates a base monthly premium of just M41, with a benefit payout of up to M100,000. The scheme's elementary funeral insurance options fall into Bronze, Silver, Gold, and Platinum categories. Monthly contributions for Member-only schemes vary from M41 to M103 and M56 to M188 for the all-encompassing family plan.

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What Are the Emerging Geographies for The Mortuary Equipment Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mortuary Equipment Market?
2. What is the CAGR expected in the Mortuary Equipment Market?
3. What Are the Key Innovations Transforming the Mortuary Equipment Industry?
4. Which Region Is Leading the Mortuary Equipment Market?

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