Global Medical Furniture Market Overview:
Medical furniture is an indivisible aspect of any medical infrastructure. Both important goods and materials (stationary or movable assets) used in hospitals and physicians' offices, either to support patients or physicians, are referred to as medical furniture. Clinics, hospitals, nursing homes, health care services, and diagnostic centers all use these items. It is commonly believed that a well-designed collection of furniture improves the patient's mood, which in turn affects the patient's wellbeing and pace of recovery. Simultaneously, it helps to reduce work-related tension, monotony, and the chance of mistakes, resulting in a more relaxed and conducive working atmosphere for healthcare professionals. The main factor driving the market's growth is the growing number of specialty clinics and hospitals, as well as the rising prevalence of chronic disorders around the world. In addition, the market is affected by the growing number of physically disabled people who need high-quality medical care. Furthermore, an increase in the number of fatal injury cases as a result of factors such as rising road injuries has given the industry an optimistic outlook. Any type of fatal accident necessitates surgery and other associated surgical procedures, which lengthens the patient's stay in the hospital. As a result, the market for comfortable healthcare has increased. Some of the players profiled in the study are Getinge AB (Sweden), Hill-Rom Services (United States), Dre Medical (United States), Nilkamal (India), Invacare Corporation (United States), Moore Medical LLC (United States), Johnson and Johnson (United states), Beaver Healthcare Equipment (United Kingdom), Steelcase Inc. (United States) and Philips Healthcare (Netherlands).
On the basis of geography, the market of Medical 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 Distribution Channel, the sub-segment i.e. Direct Sales will boost the Medical Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals and Clinics will boost the Medical Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Wood will boost the Medical Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Prevalence of Chronic Diseases Worldwide
- Rising Number of Hospital Admissions Globally
- Increasing Government Support for Hospitals Covered under Healthcare Sector
- High Cost of Medical Furniture
- Growing investments in Healthcare Infrastructural Development
Key Market Developments:
May 2020 – Furniture maker Nilkamal Ltd on Thursday announced the launch of a special range of products, including quarantine and isolation beds, as part of its efforts to support growing healthcare infrastructure needs due to the coronavirus pandemic.
Manufacturers of Medical Furniture, Suppliers of Medical Furniture, Wholesalers, Distributors and Retailers of Medical Furniture, Healthcare Industry, Raw Material Providers and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Medical Furniture market on the basis of product [Beds, Chairs, Trolleys &Stretchers, Tables, Cabinets &Lockers, Operating Tables and Others] , application [Home, Clinic and Hospital], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Medical Furniture market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Medical Furniture industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Hill USA Corporation(United States), DSA Fine Arts Ltd(United States), TMC Furniture(United States) and Narang Medical Limited (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Medical Furniture market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.