Overview:

The hospital furniture market is gaining traction as hospital infrastructure renovations expand at an exponential rate. These renovation concepts are well-guided by current technological advancements. Patient comfort and ease of functioning capabilities are of main importance for medical staffs. To take it to the ideal level, emerging technologies are imparting useful components to the furniture. The hospital furniture market was valued at USD 7.8 billion in 2021 and is expected to expand from USD 8.5 billion in 2022 to USD 18.9 billion by 2032, with a compound yearly growth rate (CAGR) of 9.7% over the forecast period (2022-2032). The study also contains factors such as the expanding number of hospitals and clinics around the world, the demand for more efficiency in hospital functions, and patient comfort, all of which can have an impact on the hospital furniture market's growth.

However, the high cost of furniture may limit the predicted development rate of the hospital furniture market. At the same time, the demand for longer-lasting furniture in order to save refurbishment costs may have an impact on the hospital furniture market.

The Hospital Furniture market is experiencing growth as healthcare facilities invest in patient-centric furniture solutions. Hospital patient bed tables play a crucial role in enhancing patient comfort and convenience during their stay. With a focus on ergonomics and durability, manufacturers offer a variety of functional and adjustable tables, catering to diverse hospital needs and preferences.

Segmentation:

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.

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.   

Regional Analysis:

Analysis of the hospital furniture market on the basis of the region includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas account for the largest amount of market share. The region has superior healthcare infrastructure and invests profusely for the upkeep of the same. These factors have impacted the market growth.

Europe is also having significant change owing to similar features like that of the Americas. The APAC region is recording significant growth, and it would be the fastest during the forecast period. Emerging economies are spending heavily to boost their healthcare infrastructure and governments are also taking necessary steps to uplift the healthcare segment. Furthermore, many countries in the region are emerging as a medical hub which is giving significant traction to the market.

Competitive Analysis:

Stryker Corporation (US), Bio Medical Solutions (India), KI (US), Anetic Aid Limited (UK), DRE INC (US), Bristol Maid Hospital Metalcraft (UK), The Brewer Company (US), GPC Medical Ltd (India), Chang Gung Medical Technology (China), Hill-Rom (US), Narang Medical (India), Ocura Healthcare Furniture (UK), Moore Medical LLC (US), and others. These companies integrate merger, collaboration, product launch and other methods to keep the competition growing which also positively impacts the market growth.

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