The article cited AMA's Global Hospital Furniture Market Study explored substantial growth with CAGR of 9.8%. According the report, The Personal Touch For Patient Room Furniture
is one of the primary growth factors for the market. International Accreditation of Hospital
is also expected to contribute significantly to the Hospital Furniture market. Overall, Physician’s Furniture
applications of Hospital Furniture, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Stryker Corporation (United States), Hill-Rom (United States), Bio Medical Solutions (India), KI (United States), Anetic Aid Limited (United Kingdom), DRE INC (United States), Bristol Maid Hospital Metalcraft (United Kingdom), The Brewer Company (United States), GPC Medical Ltd (India) and Chang Gung Medical Technology (China) may see astonishing sales in this Market and certainly improve revenue growth.
The End Users, such as Hospitals, is boosting the Hospital Furniture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as Direct, is boosting the Hospital Furniture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Hospital Furniture market identified that the demand is rising in many different parts of the world as "The Rising Numbers of Hospitals across the Globe". Furthermore, some recent industry insights like "In February 2023, Stryker, one of the world’s leading medical technology companies, announced the launch of the SmartMedic platform at the 29th Annual Conference of the Indian Society of Critical Care Medicine. SmartMedic is a patient care platform which enhances existing ICU bed capabilities at hospitals. This solution is intended to manage changes in patient weight, monitor patient turns from nurse stations and help medical staff to perform X-rays on patients within the ICU, without having to move them" is constantly making the industry dynamic. One of the challenges that industry facing is "Intense competition Among Players and Presence of Low Quality Product in Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Hospital Furniture market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Hospital Furniture market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Hospital Furniture market tight? Which application/end-user category or Product Type [Bedside Tables, Operating Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hospital Furniture market and other related sub-markets covered in the study.
o Key & emerging players in the Hospital Furniture market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hospital Furniture market size is calculated using market estimation process, the Hospital Furniture market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hospital Furniture market size has been validated using both top-down and bottom-up approaches.