Global Hospital Foodservice Equipment Market Overview:
Hospital foodservice equipment is widely used in the hospital food service facilities providing food service to hospital staffs and patients as well as visitors. It involves the food safety equipment, food preparation equipment, primary cooking equipment, healthcare tabletop, small wares & delivery carts, food storage and serving equipment, and various others. The foodservice equipment varies with the amount of food prepared and distributed in large and small size hospitals.
Growth Drivers
- Growing Hospital Food Service as the Number of Medical Treatments and Patients are Rising in the Hospitals
- Need for Good Hygiene and Food Safety Preparation and Distribution to the Staffs and Patients in the Hospitals
Roadblocks
- Unfeasibility of Cost of Hospital Foodservice Equipment for Every Type of Hospital
Opportunities
- Surging Demand for Hospital Foodservice Equipment in the Developing Nations
- Increased Spendings of Hospitals on Foodservice will Boost the Market
Challenges
- Number of Hospital Foodservice Equipment Players in the Market with Stiff Competition
Competitive Landscape:
Some of the key players profiled in the report are Middleby Corporation (United States), Cambro Manufacturing (United States), Ali Group (United States), Standex International Corporation (United States), Hoshizaki (Japan), Manitowoc Company, Inc. (United States), Alto-Shaam (United States), Vanya Industrial Equipment (India), The Boelter Companies (United States), Vollrath Company, LLC (United States), C&T Design and Equipment Co (United States), Follett Products LLC (United States) and Phononic Inc. (United States). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Hospital Foodservice Equipment market.
Latest Market Insights:
On 4th February 2021, Follett Products, LLC (Follett), a division of The Middleby Corporation, and PHC Corporation of North America (PHCNA) announced a partnership to market and sell the PHCbi line of ultra-low temperature (ULT) freezers, pharmaceutical-grade refrigerators, and biomedical freezers to Follett’s healthcare customers. These products will be offered alongside Follett’s existing portfolio of high-performance refrigerators, freezers, and ancillary products.
On 2nd March 2021, Phononic, Inc., a global leader in solid-state cooling and heating technology, announced a partnership with Follett Products, LLC, a healthcare and life sciences market leader and a division of The Middleby Corporation, to provide innovative and sustainable solid-state refrigeration products to its customers in the United States and Canada, further strengthening both companies’ commitment to these critical markets and providing additional support to the COVID-19 vaccine efforts.
What Can be Explored with the Hospital Foodservice Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hospital Foodservice Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hospital Foodservice Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hospital Foodservice Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hospital Foodservice Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hospital Foodservice Equipment Manufacturers, Hospital Foodservice Equipment Industry Association, Hospital Foodservice Equipment Distribution and Suppliers, Hospital Foodservice Equipment International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.