Registering a CAGR of 4.5% over the forecast period the global hospital furniture market is anticipated to reach the value of US$ 8538.8 million in the year 2027.
Hospital furniture is specifically designed for hospital use and has an important role to play in the healthcare industry along with modern medical equipment. It is used not only to provide safety to the patient during the critical surgery but also for making patient feel comfortable during their stay in the hospital.
Based on the Hospital Furniture market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Life Sciences. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Hospital Furniture during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The global Hospital Furniture includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Hill-Rom, Paramount Bed, Stryker, Linet Group, Stiegelmeyer, ArjoHuntleigh, Pardo, France Bed, Bazhou Greatwall, Malvestio, Winco, AGA Sanitätsartikel, Silentia, Merivaara, KC-Harvest, Haelvoet, Mespa, EME Furniture and others.
Industry News and Updates:
Stryker, one of the world's leading medical technology companies, the global launch of the industry's first and only completely wireless hospital bed, ProCuity™. This intelligent bed was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, as well as help lower hospital costs. It is the only bed on the market that can connect seamlessly to nurse call systems without the use of cables or wires. Research shows that between 700,000 and 1 million patients experience a fall while being treated in the hospital annually, with 79 percent of falls occurring on or near a bed while unassisted. Stryker's own research found that 97 percent of hospital nurses reported having encountered a situation where a patient has had difficulty getting out of a hospital bed, with 75 percent reporting they have encountered a situation where a patient has hurt him or herself while getting out of a hospital bed. Anywhere from 30 to 51 percent of in-hospital falls result in injuries.
The market is segmented based on the type, applications, companies, and regions.
By geography, North America held 34.65% of market share in 2019 and is expected to keep its dominance over forecast period. In North America developed economies such as United States and Canada have well-developed hospitals. Community as well as State hospitals are equipped with best-in-class medical furniture. Moreover, continuous development in technology, introduction innovative furniture, favorable demographic trends such as rising geriatric population are also driving the market growth in this region. North America is followed by APAC and Europe.
The Hospital Furniture Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Hospital Furniture Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Hospital Furniture Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Hospital Furniture Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Hospital Furniture Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Hill-Rom, Paramount Bed, Stryker, Linet Group
Forecast Period 2022 to 2027 CAGR
CAGR of 4.5% over the forecast period (2022-2027)
Hill-Rom, Paramount Bed, Stryker, Linet Group, Stiegelmeyer, ArjoHuntleigh, Pardo, France Bed, Bazhou Greatwall, Malvestio, Winco, AGA Sanitätsartikel, Silentia, Merivaara, KC-Harvest, Haelvoet, Mespa, EME Furniture
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
Frequently Asked Questions
What is the study period of this market?
The Hospital Furniture Market is studied from 2017 - 2027.
What is the growth rate of the Hospital Furniture Market?
The Hospital Furniture Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the key players in Hospital Furniture Market?
Hill-Rom, Paramount Bed, Stryker, Linet Group, Stiegelmeyer, ArjoHuntleigh, Pardo, France Bed, Bazhou Greatwall, Malvestio, Winco, AGA Sanitätsartikel, Silentia, Merivaara, KC-Harvest, Haelvoet, Mespa, EME Furniture and others.
What regions does this Hospital Furniture Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hospital Furniture Market?
What are the major end-use applications of Hospital Furniture Market?
Hospital Bed,Hospital Chair & Bench,Hospital Cabinets,Hospital Screen,Hospital Trolley & Cart,Diagnostic Centres,Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.