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 Market Overview
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.
Who are the Major Players in the Hospital Furniture Market?
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 Launches New Tendon Fixation Device System
- Stryker’s Trauma & Extremities division has launched its Citrelock™ Tendon Fixation Device System. The new system provides surgeons a differentiated design via a tendon thread featuring a resorbable technology, known as Citregen™, that has unique chemical and mechanical properties for orthopaedic surgical applications. Stryker will debut Citrelock at the American Orthopaedic Foot & Ankle Society (AOFAS) Annual Meeting, in Charlotte, N.C..
- Stryker Launches T2 Alpha Femur Retrograde Nailing System
- Stryker has the launch of its T2 Alpha Femur Retrograde Nailing System. The new nailing solution features a redefined data-driven nail design,1,2 an advanced locking screw option that provides surgeons with axial stability where desired, and a dedicated proximal targeting system, which may reduce the number of X-ray shots compared to freehand locking.
- Stryker launches the industry's first completely wireless hospital bed
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.
What are the major Applications, Types, and Regions for the Hospital Furniture Market?
The market is segmented based on the type, applications, companies, and regions.
- By Type,
- By end user’s
- Hospital Bed
- Hospital Chair & Bench
- Hospital Cabinets
- Hospital Screen
- Hospital Trolley & Cart
- Diagnostic Centres
- Others
Hospital Furniture Market Regional Analysis
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.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
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.
What is our Hospital Furniture Market report scope?
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.
Report Attributes
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Report Details
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Report Title
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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
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.5% over the forecast period (2022-2027)
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By Type
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By Application
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- Hospital Bed
- Hospital Chair & Bench
- Hospital Cabinets
- Hospital Screen
- Hospital Trolley & Cart
- Diagnostic Centres
- Others
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By Companies
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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
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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123
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Hospital Furniture Report
- Evaluate Hospital Furniture market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the Hospital Furniture market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
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?
Hospital,Clinic,Others
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
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.
PRIMARY RESEARCH
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.
MARKET ENGINEERING
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.
EXPERT VALIDATION
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.
