Rising Mortality Rates Drive Growth Of Mortuary Equipment Market: A Key Catalyst Accelerating Mortuary Equipment Market Growth in 2025

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Mortuary Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the market for mortuary equipment has significantly expanded in the past few years. Its growth is projected to continue, escalating from $1.11 billion in 2024 to $1.2 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth during the historic period include improvements in healthcare infrastructure, an expanding population, the funeral industry's growth, compliance with regulations, and natural disasters.

Mortuary Equipment Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the mortuary equipment market is projected to experience a swift expansion. It is anticipated to reach a valuation of $1.86 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.7%. The predicted growth during the forecast period can be ascribed to various factors such as the aging population, military and law enforcement needs, cremation services, cultural diversity, and preparedness for pandemics. The forecast period is also expected to witness major trends such as the adoption of green burial practices, digital records and management, remote autopsies, sustainable practices, and the introduction of smart mortuary equipment.

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What Are the Drivers Transforming the Mortuary Equipment Market?
The expected rise in death rates is predicted to fuel the expansion of the mortuary equipment market. The death rate, often referred to as the mortality rate, quantifies the number of deaths within a specific place or time frame. With the increase in death rate, the requirement for mortuary facilities like body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, used for the preservation and storage of dead bodies, also escalates. For example, research published by the American Cancer Society in January 2022, reported that in the United States alone, 609,360 cancer-related deaths and 1.9 million new cancer cases are expected in 2022, which translates to approximately 1,670 deaths per day. Thus, the surge in mortality rates stimulates the growth of the mortuary equipment market.

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What Long-Term Trends Will Define the Future of the Mortuary Equipment Market?
Leading firms in the mortuary equipment market are resorting to strategic alliances to unveil family funeral insurance products. Such alliances enable companies to capitalise on each other's strengths and resources for mutual advantages and growth. For instance, in April 2023, a financial service provider based in Africa, Letshego Lesotho, entered a partnership with Alliance Insurance Company, a US-based insurance service provider. This alliance is geared towards offering Lesotho's low-cost family funeral insurance product, the 'Sekhele Funeral Plan'. The partnership between Letshego Lesotho and Alliance Insurance Company enables more Basotho to access cost-effective funeral insurance services and a wide range of unique products. For instance, the Family Cover of the Sekhele Funeral Plan mandates a minimum monthly premium of merely M41 and provides a payout of up to M100,000. The plan provides funeral insurance options segregated into Bronze, Silver, Gold, and Platinum categories. The monthly premiums for the Member-only plans range from M41 to M103, whereas for the Comprehensive Family Plan, they range from M56 to M188.

Which Segments in the Mortuary Equipment Market Offer the Most Profit Potential?
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 Firms Dominate the Mortuary Equipment Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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