A hospital infrastructure relies on its furnishings which are designed in a way to least interfere with the daily operations of medical personnel and patient comfort. Hospital furnishing includes hospital beds, cabinets, examination couches, and bedside tables. Hospital furniture has sole utilization in clinics, hospitals, nursing homes, and diagnostic centers. Most of the furniture is designed in such a way as to draw in potential consumers or patients.
According to this analysis, the Global Hospital Furniture Market was valued at ~US$ 7 billion in 2017. It is estimated to be ~US$ 11 billion by 2022 and is expected to reach a market size of ~US$ 20 billion by 2028, growing with a CAGR of 10%. This growth is due to the rise in the number of hospital admissions globally, and the increasing prevalence of different chronic diseases.
The increasing number of hospitals and clinics, the popularity of medical tourism and the prevalence of different chronic diseases, and patient expectations towards the hospital infrastructure are driving the growth of the Hospital Furniture Market.
Chronic diseases such as cancer, cardiovascular diseases, chronic lung disease, stroke, Alzheimer’s, diabetes, and chronic kidney diseases are on the rise all over the world, which is driving the growth of the Hospital Furniture Market. The demand for better hospital infrastructure due to rising medical tourism has also boosted the Hospital Furniture Market. Moreover, the rise in the geriatric population is increasing the number of diseases associated with age-related factors, hence increasing the number of patients visiting hospitals.
High costs attributable to hospital furniture, lack of design and creation, and patient-centered care issues pose challenges to the growth of the Hospital Furniture Market.
Hospital furniture such as operating tables and other examination tables have a higher cost as compared to hospital beds and chairs, which limits their adoption. The rising cost of medical furniture hinders the growth of the Hospital Furniture Market.
The COVID-19 pandemic boosted the Global Hospital Furniture Market. Since the outbreak of COVID-19, several people were admitted to hospitals for treatment and cure. Many governments opened up extensions with bed facilities, for a larger chunk of people to get treatment simultaneously. This led to an increase in demand for medical supplies to take care of the infected people. The increased demand for stretchers and hospital beds to provide adequate healthcare support to the people through hospitals and other temporary expansion sites propelled the growth of the Hospital Furniture Market during the pandemic.
The metal hospital furniture has more agility, durability, and affordability and is compatible with integrating advanced systems to provide comfort and support towards patient recovery. Unlike wooden structures, metal does not require frequent maintenance and lasts longer.
The metal hospital beds enable the patient to make adjustments according to the situation, hosting functions such as hydraulics that enable them to evenly distribute the weight on the bed.
By Application: The patient furniture segment held the largest market share in 2021 in the Global Hospital Furniture Market.
The hospital furniture is primarily designed for patient diagnosis and treatment and with the rise in illness and other chronic diseases, the number of patients visiting the hospital has increased resulting in the growth of the patient furniture segment.
The requirement of hospital furniture is not only seen for the in-patient but the outpatient department also requires furniture such as chairs and tables based on durability and space consideration.
By End User: The hospitals & clinics segment held the largest market share in 2021 in the Global Hospital Furniture Market.
An increased number of hospital admission, growing medical tourism, and escalating number of illnesses worldwide is boosting the demand for better hospital infrastructure and thus, hospital furniture. In addition, the rising patient admission in hospitals with higher rates of acute conditions such as heart attacks, and strokes are driving the growth of the hospital segment.
By Geography: North America is expected to account for the largest share among all regions within the Global Hospital Furniture Market, during the forecasted period 2022-2028.
The growth is primarily attributed to the rise in the adoption of advanced techniques and systems for the manufacturing of hospital furniture. Countries such as USA and Canada in the region host several multi-specialty hospitals with a benchmarked infrastructure. Such hospitals also tend to increase their capacity to deal with the rising number of illness treatment cases.
Furthermore, the rising number of chronic disease cases in the region is expected to fuel the growth Hospital Furniture Market.
In May 2022, LINET, a supplier of health and nursing care products, launched the premium emergency and transportation stretcher, Sprint 200, a part of the new generation of stretchers taking patient transportation and patient care to the next level with its innovative solutions.
In July 2021, HermanMiller, acquired Knoll, Inc. The combined company comprises 19 leading brands, a presence across over 100 countries worldwide, a global dealer network, 64 showrooms globally, more than 50 physical retail locations, and global multi-channel eCommerce capabilities.
Note:This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.
According to this analysis, the Global Hospital Furniture Market was valued at ~US$ 7 billion in 2017. It is estimated to be ~US$ 11 billion by 2022 and is expected to reach a market size of ~US$ 20 billion by 2028, growing with a CAGR of 10%. This growth is due to the rise in the number of hospital admissions globally, and the increasing prevalence of different chronic diseases.
The increasing number of hospitals and clinics, the popularity of medical tourism and the prevalence of different chronic diseases, and patient expectations towards the hospital infrastructure are driving the growth of the Hospital Furniture Market.
Chronic diseases such as cancer, cardiovascular diseases, chronic lung disease, stroke, Alzheimer’s, diabetes, and chronic kidney diseases are on the rise all over the world, which is driving the growth of the Hospital Furniture Market. The demand for better hospital infrastructure due to rising medical tourism has also boosted the Hospital Furniture Market. Moreover, the rise in the geriatric population is increasing the number of diseases associated with age-related factors, hence increasing the number of patients visiting hospitals.
High costs attributable to hospital furniture, lack of design and creation, and patient-centered care issues pose challenges to the growth of the Hospital Furniture Market.
Hospital furniture such as operating tables and other examination tables have a higher cost as compared to hospital beds and chairs, which limits their adoption. The rising cost of medical furniture hinders the growth of the Hospital Furniture Market.
The COVID-19 pandemic boosted the Global Hospital Furniture Market. Since the outbreak of COVID-19, several people were admitted to hospitals for treatment and cure. Many governments opened up extensions with bed facilities, for a larger chunk of people to get treatment simultaneously. This led to an increase in demand for medical supplies to take care of the infected people. The increased demand for stretchers and hospital beds to provide adequate healthcare support to the people through hospitals and other temporary expansion sites propelled the growth of the Hospital Furniture Market during the pandemic.
Scope of the Report
Global Hospital Furniture Market is segmented by product type, manufacturing material, application, and end-user. In addition, the report also covers market size and forecasts for each of the four regions’ Hospital Furniture Market. The revenue used to size and forecast the market for each segment is US$ billion.By Product Type
- Beds
- Tables
- Chairs
- Cabinet and Lockers
- Trolley and Stretchers
- Others (Waste containers, Scrub Sinks, Instrument Stands)
By Manufacturing Material
- Metal
- Plastic
- Wood
By Application
- Physician’s Furniture
- Patient’s Furniture
- Staff Furniture
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Others (Mobile Clinics, Surgical Centers)
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, Italy, France, Spain)
- Asia Pacific (China, India, Japan, South Korea, Indonesia)
- LAMEA (Latin America, Middle East, Africa)
Key Players
- Stryker Corporation
- Invacare Corporation
- Kovonax
- LINET
- J&J Medical Specialities
- Skytron Supplies
- Getinge
- Herman Miller
- Met-lak
- Promotal
- STERIS Corporation
- GPC Medical Limited
Key Trends by Market Segment
- By Product Type: Hospital bed segment held the largest market share in 2021 of the Global Hospital Furniture Market
- A hospital bed is a part of patient care as it helps in the process of recovery by ensuring proper recovery time and comfort of the patients. It is not a simple bed but multifunctional and designed under the guidance of medical experts. Some of these beds include OT beds, examination beds, ICU beds, and pediatric beds
The metal hospital furniture has more agility, durability, and affordability and is compatible with integrating advanced systems to provide comfort and support towards patient recovery. Unlike wooden structures, metal does not require frequent maintenance and lasts longer.
The metal hospital beds enable the patient to make adjustments according to the situation, hosting functions such as hydraulics that enable them to evenly distribute the weight on the bed.
By Application: The patient furniture segment held the largest market share in 2021 in the Global Hospital Furniture Market.
The hospital furniture is primarily designed for patient diagnosis and treatment and with the rise in illness and other chronic diseases, the number of patients visiting the hospital has increased resulting in the growth of the patient furniture segment.
The requirement of hospital furniture is not only seen for the in-patient but the outpatient department also requires furniture such as chairs and tables based on durability and space consideration.
By End User: The hospitals & clinics segment held the largest market share in 2021 in the Global Hospital Furniture Market.
An increased number of hospital admission, growing medical tourism, and escalating number of illnesses worldwide is boosting the demand for better hospital infrastructure and thus, hospital furniture. In addition, the rising patient admission in hospitals with higher rates of acute conditions such as heart attacks, and strokes are driving the growth of the hospital segment.
By Geography: North America is expected to account for the largest share among all regions within the Global Hospital Furniture Market, during the forecasted period 2022-2028.
The growth is primarily attributed to the rise in the adoption of advanced techniques and systems for the manufacturing of hospital furniture. Countries such as USA and Canada in the region host several multi-specialty hospitals with a benchmarked infrastructure. Such hospitals also tend to increase their capacity to deal with the rising number of illness treatment cases.
Furthermore, the rising number of chronic disease cases in the region is expected to fuel the growth Hospital Furniture Market.
Competitive Landscape
According to this study, it is estimated that the Global Hospital Furniture Market is highly fragmented among the global, regional, and country niche players. It is estimated that the market comprises nearly ~500 players across four major regions. Although the global players comprise ~5% of the competitors, they hold the second largest revenue share following country-niche players with ~40% dominance. Some of the major players in the market include Stryker Corporation, Invacare Corporation, Kovonax, LINET, J&J Medical Specialities, Skytron Supplies, Getinge, Herman Miller, Met-lak, Promotal, STERIS Corporation, GPC Medical Limited among others.Recent Developments Related to Major Players
In May 2022, Invacare Corporation, a manufacturer and distributor of medical equipment launched its Birdie Evo XPLUS, a patient lift in USA for post-acute care settings. It uses technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair, or floor.In May 2022, LINET, a supplier of health and nursing care products, launched the premium emergency and transportation stretcher, Sprint 200, a part of the new generation of stretchers taking patient transportation and patient care to the next level with its innovative solutions.
In July 2021, HermanMiller, acquired Knoll, Inc. The combined company comprises 19 leading brands, a presence across over 100 countries worldwide, a global dealer network, 64 showrooms globally, more than 50 physical retail locations, and global multi-channel eCommerce capabilities.
Conclusion
The Global Hospital Furniture Market is forecasted to continue positive growth primarily driven by the increasing number of hospital admissions globally. The market size is estimated to be ~US$ 11 billion by 2022 and is expected to reach a market size of ~US$ 20 billion by 2028 growing with a CAGR of 10%. The Hospital Furniture Market is growing due to the increasing prevalence of chronic diseases and rising medical tourism. North America is the dominating region, owing to the rise in the adoption of advanced techniques for manufacturing hospital furniture.Note:This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.
Key Topics Covered in the Report
- Snapshot of the Global Hospital Furniture Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Hospital Furniture Market
- Historic Growth of the Overall Global Hospital Furniture Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Hospital Furniture Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- COVID-19 Impact on the Overall Global Hospital Furniture Market
- Future Market Forecast and Growth Rates of the Total Global Hospital Furniture Market and by Segments
- Market Size of Product Type Segments with Historical CAGR and Future Forecasts
- Market Size of Application/End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Hospital Furniture Market
- Major Production/Consumption Hubs within Each Region
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Major Companies Mentioned in the Report
- Stryker Corporation
- Invacare Corporation
- Kovonax
- LINET
- J&J Medical Specialities
- Skytron Supplies
- Getinge
- Herman Miller
- Met-lak
- Promotal
- STERIS Corporation
- GPC Medical Limited
- Emerging Companies Mentioned in the Report
- Kalagar
- Medimek Industries
- Bariatric EQUIPMENT
- Waterloo Healthcare
- Drive Medical Designs and Manufacturing
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
- Hospital Furniture Manufacturers
- Hospital Bed Manufacturers
- Hospital Chairs Manufacturers
- Hospital Desks and Cabinets Manufacturers
- Iron and Steel Suppliers Targeting Healthcare Furniture Manufacturers
- Wood Suppliers Targeting Healthcare Furniture Manufacturers
- Plastic and Fiber Materials Manufacturers
- Furniture Industry Association
- Healthcare Equipment Manufacturers Industry Association
- Healthcare Investors
- Investment Bankers Targeting Healthcare Sector
- Banking and Financial Institutions
- Environmental Regulatory Authorities
- Government Ministries and Departments of Healthcare
- Healthcare Research and Development Institutes
- Healthcare Furniture Distributors & Resellers
- Healthcare Start-ups
Time Period Captured in the Report
- Historical Period: 2017H-2021H
- Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?
- The Global Hospital Furniture Market is covered from 2017-2028 in this report, which includes a forecast for the period 2022-2028
What is the Future Growth Rate of the Global Hospital Furniture Market?
- The Global Hospital Furniture Market is expected to witness a CAGR of ~10% over the next six years
What are the Key Factors Driving the Global Hospital Furniture Market?
- The increasing number of hospitals and clinics and the increasing prevalence of different chronic diseases is expected to be the primary driver of this market
Which is the Largest Product Segment within the Global Hospital Furniture Market?
- The bed segment holds the largest share of the Global Hospital Furniture Market
Who are the Key Players in the Global Hospital Furniture Market?
- Stryker Corporation, Invacare Corporation, Kovonax, LINET, J&J Medical Specialities, Skytron Supplies, Getinge, Herman Miller, Met-lak, Promotal, STERIS Corporation, GPC Medical Limited are some of the major companies operating in the Global Hospital Furniture Market.
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
- Customization: 20 Analyst Hours
- 3 Months Post Sales Analyst Support
- Complimentary Update Next Year
- Custom Webinars
Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Global - Market Segmentation by Product Type, Historic Growth, Outlook & Forecasts
4. Global- Market Segmentation by Manufacturing Material, Historic Growth, Outlook & Forecasts
5. Global- Market Segmentation by Application, Historic Growth, Outlook & Forecasts
6. Global- Market Segmentation by End-user, Historic Growth, Outlook & Forecasts
7. Industry/Competition Analysis - Competitive Landscape
8. Key Competitor Profiles (Company Overview, Product Offerings, Developments)
9. Geographic Analysis & Major Region Market Historic Growth, Outlook, and Forecasts
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Stryker Corporation
- Invacare Corporation
- Kovonax
- LINET
- J&J Medical Specialities
- Skytron Supplies
- Getinge
- Herman Miller
- Met-lak
- Promotal
- STERIS Corporation
- GPC Medical Limited
- Kalagar
- Medimek Industries
- Bariatric EQUIPMENT
- Waterloo Healthcare
- Drive Medical Designs and Manufacturing
