Healthcare and Hospital Room Furniture Market Scope
Healthcare and hospital room furniture includes waiting room furniture, exam room cabinets, and furnishings for patient rooms. The furniture play important role in healthcare and hospital rooms. It helps surgeons to perform the critical surgery with utmost safety of the patient as well as make patients feel comfortable during their stay in hospital or the surgery/post-surgery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Knoll Inc. (United States), Stryker (United States), Haworth Inc. (United States), Herman Miller, Inc. (United States), Steelcase Inc. (United States), Stance Healthcare Inc. (Canada), Trinity Furniture (United States) and Anetic Aid (United Kingdom) |
CAGR | 20.3% |
Global Healthcare and Hospital Room Furniture is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Healthcare and Hospital Room Furniture market throughout the predicted period.
Knoll Inc. (United States), Stryker (United States), Haworth Inc. (United States), Herman Miller, Inc. (United States), Steelcase Inc. (United States), Stance Healthcare Inc. (Canada), Trinity Furniture (United States) and Anetic Aid (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are DRE Medical (United States) and GPC Medical Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Healthcare and Hospital Room Furniture market by Type , by Application (Physicians Furniture, Patient Furniture and Staff Furniture) and Region with country level break-up.
On the basis of geography, the market of Healthcare and Hospital Room Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2020, Stryker has acquired Wright Medical, a global medical device company focused on extremities and biologics. This acquisition helps to expand the global presence of Stryker and provides opportunities to increase innovation and reach more patients.
In October 2020, Stryker has launched the industry’s first wireless hospital bed named as ProCuity. These beds are specially designed to reduce in-hospital patient falls and improves nurse workflow efficiencies and safety.
Influencing Trend:
Growing Facilities for the Patients in Hospitals
Market Growth Drivers:
Increasing Applications of the Furniture in Healthcare and Hospitals and Growing Adoption Rate of Healthcare and Hospital Room Furniture
Challenges:
Patient-Centric Care
Restraints:
Fluctuations in Raw Material Prices and High Cost of Healthcare and Hospital Room Furniture
Opportunities:
Rising Healthcare Sectors across the Globe will create Opportunities for the Healthcare and Hospital Room Furniture Market Growth.
Key Target Audience
Healthcare and Hospital Room Furniture Manufacturers, Healthcare and Hospital Room Furniture Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others