Top Market Shifts Transforming the Mortuary Equipment Market Landscape: Key Insights

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What Is the Expected CAGR for the Mortuary Equipment Market Through 2025?
In recent times, there has been a robust growth in the size of the mortuary equipment market. The market is forecasted to surge from $1.11 billion in 2024 to $1.19 billion in 2025, at a compound annual growth rate of 6.9%. The historic period's growth can be ascribed to factors such as healthcare infrastructure, population growth, the funeral industry, regulatory compliance, and natural disasters.

What's the Projected Size of the Global Mortuary Equipment Market by 2029?
The market size for mortuary equipment is predicted to undergo rapid expansion in the coming years. It is projected to reach $1.82 billion by 2029, with a compound annual growth rate (CAGR) of 11.4%. The anticipated growth during this forecast period can be linked to factors such as an aging population, military and law enforcement requirements, cremation services, cultural diversity, and pandemic readiness. Notable trends that will influence the market this forecast period include the adoption of green burial practices, digital record-keeping and management, remote autopsies, sustainable operations, and the advancement in smart mortuary equipment.

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Top Growth Drivers in the Mortuary Equipment Industry: What's Accelerating the Market?
The rise in death rates is anticipated to fuel the expansion of the mortuary equipment market in the future. The death rate, also referred to as the mortality rate, quantifies the number of fatalities within a specific area or timeframe. As this rate increases, the need for mortuary equipment also escalates. This includes items like body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, all utilized to preserve and store the deceased. For example, research from the American Cancer Society, a health organization based in the US, revealed in January 2022 that an estimated 609,360 cancer deaths and 1.9 million fresh cancer cases are anticipated for the year 2022 in the US. This amounts to approximately 1,670 deaths per day. Consequently, the escalating death rates are spurring the growth of the mortuary equipment market.

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Which Emerging Trends Are Transforming the Mortuary Equipment Market in 2025?
Leading firms in the funerary equipment industry are pursuing strategic collaborations to introduce family funeral insurance policies. Strategic collaborations entail companies capitalizing on each other's assets and expertise to attain mutual growth and prosperity. For example, in April 2023, Letshego Lesotho, an African financial services company, formed a partnership with Alliance Insurance Company, an American insurance provider. The aim of the partnership is to roll out an economical family funeral insurance offering, known as the 'Sekhele Funeral Plan', in Lesotho. By working together, Letshego Lesotho and Alliance Insurance Company are making affordable funeral insurance and a range of innovative products more accessible to the Basotho population. The Sekhele Funeral Plan's Family Cover, for instance, requires only a small monthly premium of M41 and offers payouts of up to M100,000. The plan also presents multiple tiers of basic funeral insurance, named Bronze, Silver, Gold, and Platinum. Monthly rates fluctuate between M41 and M103 for Individual-only plans, and M56 to M188 for the Comprehensive Family Plan.

What Are the Main 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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Which Top Companies are Driving 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.

Which Regions Will Dominate the Mortuary Equipment Market Through 2029?
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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