Authored By: Sarah
11 Jul 2024

 Hospital Furniture Market Size to grow by USD 8 billion between 2024-2028

According to a research report “ Hospital Furniture Market” by Application (Physician furniture, Patient furniture, Staff furniture) Product (Hospital beds, Specialty medical chairs and tables, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 8 billion, at a CAGR of  8.06% during the forecast period. The international accreditation of hospitals, particularly by the Joint Commission International (JCI), plays a pivotal role in driving the global hospital furniture market. With over 1,000 hospitals worldwide holding JCI accreditation, this certification is a significant factor in the global healthcare industry's competitive landscape. JCI's stringent standards for infrastructure, quality of services, and amenities necessitate the adoption of advanced hospital furniture solutions. Hospitals aiming for accreditation seek to provide superior patient care and attract medical tourists, who hold greater confidence in JCI-accredited healthcare facilities.

Browse market data tables, figures, and in-depth TOC on “Hospital Furniture Market” by Application (Physician furniture, Patient furniture, Staff furniture) Product (Hospital beds, Specialty medical chairs and tables, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Physician furniture segment is projected to dominate the market size in 2024

The Hospital Furniture Market represents a significant business sector, characterized by continuous growth and innovation. Key players focus on delivering high-quality, ergonomic, and infection-control compliant furniture solutions to healthcare institutions. Market trends include increasing demand for modular and adjustable furniture, as well as integration of technology for enhanced patient care and staff efficiency. Competitive landscape is marked by strategic collaborations, product diversification, and geographical expansion.

By Product, Hospital beds  segment is expected to hold the largest market size for the year 2024

The Hospital Furniture Market represents a significant business opportunity, with increasing demand for ergonomic and infection-control compliant furniture solutions. Hospitals prioritize investments in durable, functional, and aesthetically pleasing furniture to enhance patient experience and improve operational efficiency. Market growth is driven by factors such as population aging, healthcare infrastructure expansion, and technological advancements in healthcare furniture design.

North America is forecasted to hold the largest market size by region in 2024

The Hospital Furniture Market represents a significant business opportunity, with increasing demand for ergonomic and infection-control compliant furniture solutions. Hospitals prioritize investments in durable, functional, and aesthetically pleasing furniture to enhance patient comfort and staff efficiency. Market growth is driven by factors such as healthcare infrastructure expansion, rising healthcare expenditures, and technological advancements in furniture design.

The Hospital Furniture Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ActiveAid LLC
  • Arjo AB
  • Baxter International Inc.
  • Biomedical Solutions Inc.
  • Chang Gung Medical Technology Co. Ltd.
  • GF Health Products Inc.
  • GPC Medical Ltd.
  • IndoSurgicals Pvt. Ltd.
  • Industrias H. Pardo SL
  • Invacare Corp.
  • LINET Group SE
  • Medline Industries LP
  • Narang Medical Ltd.
  • NAUSICAA MEDICAL SAS
  • PARAMOUNT BED HOLDINGS CO. LTD.
  • Renray Healthcare
  • STERIS plc
  • Stryker Corp.
  • Sunrise Medical LLC
  • The Brewer Co. LLC
.

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Research Analysis Overview

The Hospital Furniture Market is experiencing significant growth due to the increasing demand for improved patient care in medical centers, nursing homes, and other healthcare facilities. The Hospital Beds segment is a major contributor to this market, driven by the rising number of hospital admissions due to obesity and elderly illnesses. Developing economies with increasing disposable income are also investing in modern healthcare delivery systems, leading to a surge in demand for hospital furniture. Regulatory compliance is a key factor influencing the market, with manufacturers focusing on producing furniture that adheres to industry standards. The market for examination couches, staff furniture, physician furniture, dental chairs, ophthalmic chairs, and examination chairs is also expanding. Hospital infrastructure upgrades, patient expectations, and chronic diseases such as COVID-19 pandemic have further fueled the demand for hospital furniture. Government initiatives and insurance & reimbursement scenarios also play a crucial role in the market's growth. Analysts review that the market for hospital furniture is expected to grow at a steady pace in the coming years, driven by the increasing focus on patient comfort and care. Mobility equipment is another segment that is gaining traction, as hospitals and clinics strive to cater to the unique needs of their patients. Overall, the Hospital Furniture Market is poised for growth in the coming years, driven by the evolving needs of the healthcare industry.

Market Research Overview

The Hospital Furniture Market is a significant segment of the healthcare industry, catering to the needs of acute care, home care, and long-term care facilities. The market includes a wide range of products such as transfer and transport equipment, seating solutions, mobility aids, bariatric beds, and advanced medical technology. Modern healthcare practices prioritize patient-centered care, leading to an increased demand for aesthetically pleasing and healing environment furniture. Major industry players include manufacturers of acute care furniture like Stryker, Invacare, and Hill-Rom. Home care and long-term care segments require specialized furniture like adjustable chairs, bariatric beds, and pressure ulcer prevention devices. Modern healthcare infrastructure demands advanced medical technology, leading to the development of smart beds, patient lifts, and wound care devices for chronic conditions like pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Robust healthcare infrastructure in developed countries drives healthcare expenditure, leading to a growing demand for hospital beds, medical carts, and staff furniture. Emerging markets, with a growing geriatric population and increasing healthcare awareness, are expected to be significant contributors to the hospital furniture market. Safety, hygiene, and ergonomics are essential considerations in hospital furniture designs. The hospital beds segment includes plain hospital beds, Fowler beds, ICU beds, and smart beds. Other furniture includes examination tables, surgical chairs, and physician's furniture like dental chairs, ophthalmic chairs, and examining tables. The market also includes disposable income-driven demand for home care furniture and mobility equipment like mobility scooters, bariatric wheelchairs, and therapy equipment. Regulatory compliance, insurance & reimbursement scenarios, and hospital admissions influence the hospital furniture market. The market includes various sales channels like online sales and offline sales, and product categories like wood and metal furniture. End-users include hospitals, clinics, diagnostic centers, and nursing homes. In summary, the hospital furniture market caters to the diverse needs of healthcare facilities and patients, driven by modern healthcare practices, advanced medical technology, and an aging population. The market includes various product categories, sales channels, and end-users, with safety, hygiene, and patient comfort being essential considerations.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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