About Hospital Furniture
Hospital furniture can be defined as furniture used in hospitals, health care or medical bodies. Hospital furniture plays a vital role in the healthcare sector. They not only help the surgeon to perform critical surgery with the utmost safety of the patient, but also make patients feel comfortable throughout the surgery and post-surgery. Some of the commonly used hospital furniture in hospitals are a hospital bed, hospital trolley, ward furniture, hospital stand, hospital table, hospital chair, hospital cart, hospital cabinet, and baby furniture. A wide variety of raw materials such as iron, steel, plastic, brass or combination of two or more are used to manufacture hospital furniture.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.8% |
The market for Hospital Furniture is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hospital Furniture market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bharat Surgical Co. (India), Malvestio Spa (Italy), Drive DeVilbiss Sidhil Ltd. (United Kingdom), Apex Medical Corp. (Taiwan), Staan Bio-Med Engineering Private Limited (India), Linet spol. S r.o. (Czech Republic), Hirtz & Co. KG. (Germany), Narang Medical (India), Ocura Healthcare Furniture (United Kingdom) and Moore Medical LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hospital Furniture market by Type (Bedside Tables, Operating Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley and Others), Application (Physician’s Furniture, Patient’s Furniture and Staff’s Furniture) and Region.
On the basis of geography, the market of Hospital 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). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Hospital Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Hospital Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Personal Touch For Patient Room Furniture and Purposeful Waiting – Waiting Room Furniture For Hospitals
Market Growth Drivers:
International Accreditation of Hospital, Growing Number of Road Accidents and Fatal Sports Injuries, A Rising Disposable Income, A Rising Demand for Better Hospital infrastructure and A rise in the Number of Surgical Procedures Performed Every Year
Challenges:
Intense competition Among Players and Presence of Low Quality Product in Market
Restraints:
The High Cost of Furniture
Opportunities:
The Rising Numbers of Hospitals across the Globe
Market Leaders and their expansionary development strategies
In November 2023, Humana Inc.opens new window (NYSE: HUM) announced today that it has reached agreement with two national organizations to provide Durable Medical Equipment (DME) services to help Humana Medicare Advantage HMO members achieve their best health at home.
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
Key Target Audience
Hospital Furniture Manufacturer, Hospital Furniture Distributors/Traders, Hospital Furniture Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors and Industry Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.