The Hospital Furniture Market is gaining momentum with the exponential growth in revamping plans for hospital infrastructure. These renovation plans are well-guided by the latest technological development. Patient comfort and for the hospital staffs, ease of functional capabilities are of prime importance; to take it to the optimal level, advancing technologies are imparting useful components to the furniture. The Global Hospital Furniture Market can expect a hike in business by 9.8% CAGR during the forecast period (2017-2023). The report further includes drivers such as the growing number of hospitals and clinics across the world, demand for greater efficiency in hospital function, and patient comfort that can impact the hospital furniture market expansion.
On the other hand, the high cost of furniture can pull back the expected growth rate of the hospital furniture market. At the same time, the demand for longer life span of these furniture just to curb the revamping cost can affect the hospital furniture market.
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Global Hospital Furniture Market – Key Players
The key players that are involved in Global Hospital Furniture Market are
- Stryker (US)
- Bio Medical Solutions (India)
- KI (US)
- GPC Medical (India)
- Chang Gung Medical Technology (China)
- Hill-Rom (US)
- Narang Medical (India)
- Beaver Healthcare Equipment (UK)
- Renray Healthcare (UK)
- Bristol Maid Hospital Metalcraft (UK)
- The Brewer Company (US)
Global Hospital Furniture Market – Segments
The Global Hospital Furniture Market can be segmented by type, application, and end-users.
On the basis of type, the hospital furniture market can be segmented into bedside tables, OT table, instrument stands, stretchers, hospital beds, chairs, scrub sinks, waste container, trolley, and others.
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Application-wise, the hospital furniture market includes physician furniture, patient’s furniture, and staff’s furniture. Physician furniture is sub-segmented into examination table, surgery chair, and other. Patient furniture segment can be further segmented into stretchers, bedside table, and other. Staff’s furniture segment includes stands and other.
Based on end-users, the hospital furniture market is segmented into hospital, diagnostic centers, clinics, and others.
Global Hospital Furniture Market – Geographical Analysis
Globally North America leads the Hospital Furniture Market with the significant market share. The Market is expected to grow phenomenally during 2017 to 2023. Attributing to the high healthcare expenditure and increasing demand for better infrastructure and furniture, the market is expected to perceive a healthy growth. Another important driver for the regional market growth is the rapid uptake of new technologies in the US.
Europe emerging as a lucrative market for Hospital Furniture will grow at a phenomenal CAGR. The resurging economy in the region is expected to foster the regional market growth.
Asia Pacific market for the Hospital Furniture is expected to perceive the fastest growth by 2023 at a modest CAGR during 2017 to 2023. India and China backed by the huge population and the growing focus on improving the healthcare facilities.
Moreover, the fastest growing healthcare sector will provide impetus to the Hospital Furniture Market growth. Vietnam, Thailand, and Malaysia among other South East Asian countries are projected to contribute significantly to the regional market growth. Besides the growing penetration of healthcare insurance is expected to drive the Hospital Furniture market in the in the Asia Pacific region.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
List Of Tables
Table 1 Hospital Furniture Industry Synopsis, 2017–2023
Table 2 Global Hospital Furniture Market Estimates & Forecast, 2017–2023
Table 3 Global Hospital Furniture Market, By Region, 2017–2023
Table 4 Global Hospital Furniture Market, By Type, 2017–2023
List Of Figures
Figure 1 Research Process
Figure 2 Segmentation For Global Hospital Furniture Market
Figure 3 Segmentation Market Dynamics For Hospital Furniture Market
Figure 4 Global Hospital Furniture Market Share, By Type, 2016
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