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Healthcare Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Market Overview:
The global healthcare furniture market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Healthcare furniture is one of the key components of health management and infrastructure. It includes various products such as hospital beds, examination and bedside tables, recliners, recovery couches, cabinets, etc. These products find extensive usage in clinics, hospitals, nursing homes, health care facilities and diagnostic centres. It is widely believed that a well-designed set of furniture helps in improving the mood of the patient, which consequently influences the health and speed of recovery. At the same time, it aids in reducing work-related stress, monotony and risks of errors, thus creating a comfortable and conducive work environment for healthcare professionals.
Global Healthcare Furniture Market Trends:
An increasing number of specialty clinics and hospitals, along with the growing prevalence of chronic disorders across the globe is the key factor driving the growth of the market. Furthermore, the market is impacted by the ever-increasing number of physically challenged individuals who need high-quality medical assistance. Additionally, an increasing number of fatal injury cases owing to factors such as rising road accidents has also created a positive outlook for the market. Any kind of fatal injury requires the involvement of surgery and other related medical procedure, which prolongs the hospital stay for the patient. This has consequently accelerated the demand for comfortable healthcare furniture for both the patients and their family members. This has also led to the need for renovating the existing healthcare infrastructure of several healthcare facilities across the globe. Moreover, continuous technological developments and the launch of innovative product variants such as the introduction of motorized stretcher chairs, mattress are also projected to favor the growth of the market. Other factors including rapid urbanization, rising disposable income and increasing per capita health care expenditures across the globe are also contributing significantly to the market growth.
IMARC Group’s latest report provides a deep insight into the global healthcare furniture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the healthcare furniture market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare furniture market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, furniture type, sector, application, materials and distribution channel.
Market Breakup by Furniture Type:
- Beds
- Chairs
- Bedside and Operating Tables
- Others
Market Breakup by Sector:
- Public
- Private
Market Breakup by Application:
- Hospitals and Clinics
- Diagnostic Centres
- ASCs (Ambulatory Surgical Centres)
- Homecare Settings
- Others
Market Breakup by Material:
- Wood
- Metal
- Plastic
- Others
Market Breakup by Distribution Channel:
- Direct Sales
- Distributors and Dealers
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market and provides the profiles of the key players operating in the industry.
Key Question Answered in this Report
The global healthcare furniture market size was valued at US$ 6.70 Billion in 2020.
According to the estimates by IMARC Group, the global healthcare furniture market is expected to witness a CAGR of 5% from 2021 to 2026.
The increasing number of specialty clinics and hospitals along with growing prevalence of several chronic diseases that require surgeries and hospital admissions, represent some of the key drivers for the global healthcare furniture market.
Several technological advancements have led to the launch of innovative product variants, such as motorized stretcher chairs, thereby representing one of the key trends in the global healthcare furniture market.
Sudden outbreak of the COVID-19 pandemic had led to the surging hospital admissions due to the increasing number of coronavirus infected patients across the globe, thereby augmenting the demand for healthcare furniture.
On the basis of the furniture type, the market has been classified into beds, chairs, bedside and operating tables, and others. Amongst these, beds hold the largest market share.
On the basis of the sector, the market has been bifurcated into public and private. At present, the public sector exhibits a clear dominance in the market.
On the basis of the material, the market has been classified into wood, metal, plastic, and others. Currently, metal accounts for the majority of the total market share.
On the basis of the distribution channel, the market has been divided into direct sales, distributors and dealers, and others. Currently, direct sales account for the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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