What is Mortuary Equipment Market?
The United States mortuary equipment market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing number of morgues associated with hospitals across the United States and the rising number of medical educational institutions across the country are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Refrigeration Units, Autopsy Platforms, Dissection Tables, Lifts & Stretchers, Embalming Workstations, Trolleys and Others), by Application (Hospitals, Forensic Laboratories, Academic Institutes and Research Organizations and Others) and major geographies with country level break-up.
Roftek Ltd (United Kingdom), Kugel Medical GmbH & Co. KG (Germany), Leec Ltd (United Kingdom), Thermo Fisher Scientific (United States), Mortech Manufacturing, Inc. (United States), HYGECO (France), Mopec (United States), Mortuary Lift Company (United States), Fiocchetti (Italy), Ferno Washington, Inc. (United States) and Hygeco Lear Limited (United Kingdom) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mortuary Equipment market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mortuary Equipment market by Type, Application and Region.
On the basis of geography, the market of Mortuary Equipment 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Number of Morgues Associated with Hospitals Across the United States
- Increase in Number of Medical Educational Institutions Across the United States
- Increasing Automation Across Medical Sector
- High Cost of Medical Equipment
- Expected Opportunities Due to Rise in Number of Deaths due to COVID-19 Pandemic Across the United States
- Reduced Industrial Operations Across the United States Leading to Demand & Supply Gap in the Market
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Mortuary Equipment
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United States mortuary equipment market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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