Product Code: GVR-4-68040-007-2
Hospital Furniture Market Growth & Trends:
The global hospital furniture market size is expected to reach USD 15397.0 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. The growth of the market is due to the rising number of hospital admissions globally, favorable insurance and reimbursement scenarios, and government support for the hospitals that are covered under the healthcare sector are some of the factors propelling the growth of the market.
The world's growing network of hospitals and clinics is the main driver of the market's expansion. Public agencies are constructing more hospitals in an effort to prevent pandemics and other unforeseen events. Over the period of forecasting, the key growth driver in the market will be the demand for more modernized hospitals and clinics. Hospital furniture sales are significantly influenced by public sector initiatives to update existing hospital infrastructure.
Numerous industries across the world suffered from the COVID-19 outbreak. For the hospital furniture industry, the impact is actually precisely the opposite. The COVID-19 pandemic has benefited the hospital furniture industry because additional hospitals and specialized COVID-19 clinics were required to be built on a global scale. This indicated that there is an urgent need to furnish new hospitals and clinics. The COVID-19 pandemic brought with it a flood of fantastic growth prospects for the hospital furniture industry.
Furthermore, due to the high patient volume, the existing hospitals also made an effort to upgrade their infrastructure. As a result, there were many opportunities for demand and expansion in the hospital furniture sector. Hospital Furniture is a significant factor to consider as it impacts a major part of a hospital's functions. Trends in hospital furniture have been affected by the COVID-19 epidemic. Healthcare design considerations would inevitably be impacted by the pandemic in the upcoming years.
Hospital Furniture Market Report Highlights:
- The beds segment has dominated the market and captured highest market share in 2022. The hospital beds segment has been classified into the sub-segments such as ICU beds, fowler beds, plain hospital beds, pediatric beds, maternity beds, and others. Growing demand for ICU beds due to higher prevalence of chronic disorders are expected to drive the hospital beds segment during the forecast period
- The patient's furniture segment is anticipated to lead the market. Patient furniture such as examination couches, examination lights, drawers, benches, bedside tables, over bed tables, chairs demand in the market is quite high
- The offline sales channel has captured around 64.2% of the market share in 2022 and has dominated the market owing to its advantages
- The metal segment dominated the market in 2022 and accounted for the largest market share. Increasing adoption coupled with the rising demand for metal furniture is attributed to segment's position
- The hospitals and specialty clinics segment is expected to dominate the market due to increased need for furniture, and rising hospitalization owing to several chronic disorders
- North America held the largest revenue share in 2022 owing to rising prevalence of chronic diseases such as obesity, diabetes, cardiac arrest that may lead to hospitalizations is anticipated to surge the demand for hospital furniture market
Chapter 1. Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Product
- 1.1.2 Application
- 1.1.3 Sales Channel
- 1.1.4 Material
- 1.1.5 End-use
- 1.1.6 Regional Scope
- 1.1.7 Estimates and Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details of Primary Research
- 1.3.5.1 Data for Primary Interviews in North America
- 1.3.5.3 Data for Primary Interviews in Europe
- 1.3.5.4 Data for Primary Interviews in APAC
- 1.3.5.5 Data for Primary Interviews in Latin America
- 1.3.5.6 Data for Primary Interviews in MEA
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.2 Volume Price Analysis (Model 2)
- 1.6.2.1 Approach 2: Volume Price Analysis
- 1.7 List of Secondary Sources
- 1.8 List of Abbreviations
- 1.9 Objectives
- 1.9.1 Objective 1
- 1.9.2 Objective 2
- 1.9.3 Objective 3
- 1.9.4 Objective 4
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Hospital Furniture Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.2 Ancillary Market Outlook
- 3.2 Market Dynamics
- 3.2.1 Market Drivers Analysis
- 3.2.1.1 Rising number of hospital admissions
- 3.2.1.2 Technological advancement in the hospital furniture industry
- 3.2.1.3 Rising demand for modern hospitals infrastructure in order to prevent Coivid-19 pandemic conditions
- 3.2.2 Market Restraint Analysis
- 3.2.2.1 Lack of R&D in economically slow countries
- 3.2.2.2 Relatively higher price of advanced furniture
- 3.3 Hospital Furniture: Market Analysis Tools
- 3.3.1 SWOT Analysis by PESTEL
- 3.3.2 Industry Analysis - Porter's
Chapter 4 Hospital Furniture Market: Segment Analysis, By Product, 2018 - 2030 (USD Million)
- 4.1 Definitions and Scope
- 4.2 Product Market Share Analysis
- 4.3 Segment Dashboard
- 4.4 Hospital Furniture Market by Product
- 4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5.1 Generator
- 4.5.1.1 Generator Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.5.2 Power Distribution System
- 4.5.2.1 Power Distribution System Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.5.3 Accessories
- 4.5.3.1 Accessories Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5 Hospital Furniture Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 5.1 Definitions and Scope
- 5.2 Application Market Share Analysis
- 5.3 Segment Dashboard
- 5.4 Hospital Furniture Market by Application
- 5.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5.1 Oncology
- 5.5.1.1 Oncology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.2 Cardiology
- 5.5.2.1 Cardiology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.3 Urology
- 5.5.3.1 Urology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.4 Orthopedic
- 5.5.4.1 Orthopedic Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.5 Others
- 5.5.5.1 Others Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6 Hospital Furniture Market: Segment Analysis, By End-use, 2016 - 2030 (USD Million)
- 6.1 Definitions and Scope
- 6.2 End-use Market Share Analysis
- 6.3 Segment Dashboard
- 6.4 Hospital Furniture Market by End-use
- 6.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5.1 Hospitals
- 6.5.1.1 Hospitals Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.2 Research Laboratories
- 6.5.2.1 Research Laboratories Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.3 Ambulatory Surgical Centers
- 6.5.3.1 Ambulatory Surgical Centers Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7 Hospital Furniture Market: Regional Market Analysis, 2018 - 2030 (USD Million)
- 7.1 Regional Market Dashboard
- 7.2 Definitions and Scope
- 7.3 Regional Market Share Analysis
- 7.4 North America
- 7.4.1 North America market estimates and forecast, 2018 - 2030
- 7.4.2 U.S.
- 7.4.2.1 Key country dynamics
- 7.4.2.2 Competitive scenario
- 7.4.2.3 Regulatory framework
- 7.4.2.4 Reimbursement scenario
- 7.4.2.5 U.S. market estimates and forecast, 2018 - 2030
- 7.4.3 Canada
- 7.4.3.1 Key country dynamics
- 7.4.3.2 Competitive scenario
- 7.4.3.3 Regulatory framework
- 7.4.3.4 Reimbursement scenario
- 7.4.3.5 Canada market estimates and forecast, 2018 - 2030
- 7.5 Europe
- 7.5.1 Europe market estimates and forecast, 2018 - 2030
- 7.5.2 U.K.
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Competitive scenario
- 7.5.2.3 Regulatory framework
- 7.5.2.4 Reimbursement scenario
- 7.5.2.5 U.K. market estimates and forecast, 2018 - 2030
- 7.5.3 Germany
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Competitive scenario
- 7.5.3.3 Regulatory framework
- 7.5.3.4 Reimbursement scenario
- 7.5.3.5 Germany market estimates and forecast, 2018 - 2030
- 7.5.4 France
- 7.5.4.1 Key country dynamics
- 7.5.4.2 Competitive scenario
- 7.5.4.3 Regulatory framework
- 7.5.4.4 Reimbursement scenario
- 7.5.4.5 France market estimates and forecast, 2018 - 2030
- 7.5.5 Italy
- 7.5.5.1 Key country dynamics
- 7.5.5.2 Competitive scenario
- 7.5.4.3 Regulatory framework
- 7.5.5.4 Reimbursement scenario
- 7.5.5.5 Italy market estimates and forecast, 2018 - 2030
- 7.5.6 Spain
- 7.5.6.1 Key country dynamics
- 7.5.6.2 Competitive scenario
- 7.5.6.3 Regulatory framework
- 7.5.6.4 Reimbursement scenario
- 7.5.6.5 Spain market estimates and forecast, 2018 - 2030
- 7.5.7 Denmark
- 7.5.7.1 Key country dynamics
- 7.5.7.2 Competitive scenario
- 7.5.7.3 Regulatory framework
- 7.5.7.4 Reimbursement scenario
- 7.5.7.5 Denmark market estimates and forecast, 2018 - 2030
- 7.5.8 Sweden
- 7.5.8.1 Key country dynamics
- 7.5.8.2 Competitive scenario
- 7.5.8.3 Regulatory framework
- 7.5.8.4 Reimbursement scenario
- 7.5.8.5 Sweden market estimates and forecast, 2018 - 2030
- 7.5.9 Norway
- 7.5.9.1 Key country dynamics
- 7.5.9.2 Competitive scenario
- 7.5.9.3 Regulatory framework
- 7.5.9.4 Reimbursement scenario
- 7.5.9.5 Norway market estimates and forecast, 2018 - 2030
- 7.6 Asia Pacific
- 7.6.1 Asia Pacific market estimates and forecast, 2018 - 2030
- 7.6.2 Japan
- 7.6.2.1 Key country dynamics
- 7.6.2.2 Competitive scenario
- 7.6.2.3 Regulatory framework
- 7.6.2.4 Reimbursement scenario
- 7.6.2.5 Japan market estimates and forecast, 2018 - 2030
- 7.6.3 China
- 7.6.3.1 Key country dynamics
- 7.6.3.2 Competitive scenario
- 7.6.3.3 Regulatory framework
- 7.6.3.4 Reimbursement scenario
- 7.6.3.5 China market estimates and forecast, 2018 - 2030
- 7.6.4 India
- 7.6.4.1 Key country dynamics
- 7.6.4.2 Competitive scenario
- 7.6.4.3 Regulatory framework
- 7.6.4.4 Reimbursement scenario
- 7.6.4.5 India market estimates and forecast, 2018 - 2030
- 7.6.5 Australia
- 7.6.5.1 Key country dynamics
- 7.6.5.2 Competitive scenario
- 7.6.5.3 Regulatory framework
- 7.6.5.4 Reimbursement scenario
- 7.6.5.5 Australia market estimates and forecast, 2018 - 2030
- 7.6.6 South Korea
- 7.6.6.1 Key country dynamics
- 7.6.6.2 Competitive scenario
- 7.6.6.3 Regulatory framework
- 7.6.6.4 Reimbursement scenario
- 7.6.6.5 South Korea market estimates and forecast, 2018 - 2030
- 7.6.7 South Korea
- 7.6.7.1 Key country dynamics
- 7.6.7.2 Competitive scenario
- 7.6.7.3 Regulatory framework
- 7.6.7.4 Reimbursement scenario
- 7.6.7.5 South Korea market estimates and forecast, 2018 - 2030
- 7.7 Latin America
- 7.7.1 Latin America market estimates and forecast, 2018 - 2030
- 7.7.2 Mexico
- 7.7.2.1 Key country dynamics
- 7.7.2.2 Competitive scenario
- 7.7.2.3 Regulatory framework
- 7.7.2.4 Reimbursement scenario
- 7.7.2.5 Mexico market estimates and forecast, 2018 - 2030
- 7.7.3 Brazil
- 7.7.3.1 Key country dynamics
- 7.7.3.2 Competitive scenario
- 7.7.3.3 Regulatory framework
- 7.7.3.4 Reimbursement scenario
- 7.7.3.5 Brazil market estimates and forecast, 2018 - 2030
- 7.7.4 Argentina
- 7.7.4.1 Key country dynamics
- 7.7.4.2 Competitive scenario
- 7.7.4.3 Regulatory framework
- 7.7.4.4 Reimbursement scenario
- 7.7.4.5 Argentina market estimates and forecast, 2018 - 2030
- 7.8 Middle East and Africa
- 7.8.1 Middle East and Africa market estimates and forecast, 2018 - 2030
- 7.8.2 South Africa
- 7.8.2.1 Key country dynamics
- 7.8.2.2 Competitive scenario
- 7.8.2.3 Regulatory framework
- 7.8.2.4 Reimbursement scenario
- 7.8.2.5 South Africa market estimates and forecast, 2018 - 2030
- 7.8.3 Saudi Arabia
- 7.8.3.1 Key country dynamics
- 7.8.3.2 Competitive scenario
- 7.8.3.3 Regulatory framework
- 7.8.3.4 Reimbursement scenario
- 7.8.3.5 Saudi Arabia market estimates and forecast, 2018 - 2030
- 7.8.4 UAE
- 7.8.4.1 Key country dynamics
- 7.8.4.2 Competitive scenario
- 7.8.4.3 Regulatory framework
- 7.8.4.4 Reimbursement scenario
- 7.8.4.5 UAE market estimates and forecast, 2018 - 2030
- 7.8.5 Kuwait
- 7.8.5.1 Key country dynamics
- 7.8.5.2 Competitive scenario
- 7.8.5.3 Regulatory framework
- 7.8.5.4 Reimbursement scenario
- 7.8.5.5 Kuwait market estimates and forecast, 2018 - 2030
Chapter 8 Hospital Furniture Market - Competitive Analysis
- 8.1 Participant's Overview
- 8.2 Financial Performance
- 8.3 Participant Categorization
- 8.4 Company Market Share Analysis, 2022
- 8.5 Strategy Mapping
- 8.5.1 Acquisition
- 8.5.2 Regulatory approval
- 8.5.3 Expansion
- 8.5.4 Product launch
- 8.5.5 Partnership
- 8.5.6 Others
- 8.6 Company Profiles
- 8.6.1 Stryker
- 8.6.1.1 Company overview
- 8.6.1.2 Financial performance
- 8.6.1.3 Product benchmarking
- 8.6.1.4 Strategic initiatives
- 8.6.2 Invacare Corporation
- 8.6.2.1 Company overview
- 8.6.2.2 Financial performance
- 8.6.2.3 Product benchmarking
- 8.6.2.4 Strategic initiatives
- 8.5.3 ARJO AB
- 8.5.3.1 Company overview
- 8.5.3.2 Financial performance
- 8.5.3.3 Product benchmarking
- 8.5.3.4 Strategic initiatives
- 8.6.4 Steris Plc
- 8.6.4.1 Company overview
- 8.6.4.2 Financial performance
- 8.6.4.3 Product benchmarking
- 8.6.4.4 Strategic initiatives
- 8.6.5 Medline Industries, Inc.
- 8.6.5.1 Company overview
- 8.6.5.2 Financial performance
- 8.6.5.3 Product benchmarking
- 8.6.5.4 Strategic initiatives
- 8.6.6 Hill-Rom Holdings, Inc.
- 8.6.6.1 Company overview
- 8.6.6.2 Financial performance
- 8.6.6.3 Product benchmarking
- 8.6.6.4 Strategic initiatives
- 8.6.7 Drive DeVilbiss Healthcare
- 8.6.7.1 Company overview
- 8.6.7.2 Financial performance
- 8.6.7.3 Product benchmarking
- 8.6.7.4 Strategic initiatives
- 8.6.8 NAUSICAA Medical
- 8.6.8.1 Company overview
- 8.6.8.2 Financial performance
- 8.6.8.3 Product benchmarking
- 8.6.8.4 Strategic initiatives
- 8.6.9 Herman Miller Furniture
- 8.6.9.1 Company overview
- 8.6.9.2 Financial performance
- 8.6.9.3 Product benchmarking
- 8.6.9.4 Strategic initiatives
- 8.6.10 Kovonox
- 8.6.10.1 Company overview
- 8.6.10.2 Financial performance
- 8.6.10.3 Product benchmarking
- 8.6.10.4 Strategic initiatives
- 8.6.11 Getinge AB
- 8.6.11.1 Company overview
- 8.6.11.2 Financial performance
- 8.6.11.3 Product benchmarking
- 8.6.11.4 Strategic initiatives