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Hospital Furniture Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72571
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The hospital furniture market share is expected to increase to USD 5.74 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.78%.

This hospital furniture market research report extensively covers hospital furniture market segmentation by product (hospital beds, specialty medical chairs and tables, and others) and geography (North America, Europe, Asia, and Rest of World (ROW)). The hospital furniture market report also offers information on several market vendors, including ActiveAid LLC, Arjo AB, Bio Medical Solutions, Chang Gung Medical Technology Co. Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., Industrias H Pardo SL, Invacare Corp, LINET Group SE, Medical Depot, Medline Industries Inc., Narang Medical Ltd., NAUSICAA MEDICAL SAS, PARAMOUNT BED HOLDINGS Co. Ltd., Renray Healthcare, STERIS Plc, Stryker Corp., Sunrise Medical LLC, and The Brewer Co. LLC among others.

What will the Hospital Furniture Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Hospital Furniture Market Size for the Forecast Period and Other Important Statistics

 

Hospital Furniture Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hospital furniture market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hospital Furniture Market?

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34% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for hospital furniture in North America. Market growth in this region will be faster than the growth of the market in Europe and Rest of World (ROW).

The significant increase in the number of accidents, resulting in a large number of casualty admissions will facilitate the hospital furniture market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the first half of 2020 led to an increase in the demand for hospital furniture in the region. A large population of the region was affected by COVID-19, leading to an increase in the production of hospital furniture. Therefore, such factors are expected to drive the growth of the regional hospital furniture market during the forecast period.

What are the Revenue-generating Product Segments in the Hospital Furniture Market?

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The hospital furniture market share growth by the hospital beds segment will be significant during the forecast period. The growth is attributed to the growing work-related injuries and age-related diseases. According to the Centers for Disease Control and Prevention (CDC), in 2014, the percentage of long-term care services for people aged 65 and above accounted for 92.9% of residential care community residents and 84.9% of nursing home residents. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hospital furniture market size and actionable market insights on post COVID-19 impact on each segment.

Hospital Furniture Market: Key Drivers, Trends, and Challenges

The rise in international accreditation by hospitals is notably driving the hospital furniture market growth, although factors such as limited sustainability of smaller vendors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospital furniture industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hospital Furniture Market Driver

International accreditation of hospitals is one of the major drivers for the global hospital furniture market. The US appointed an affiliate agency, the Joint Commission International (JCI), to provide accreditations to hospitals. Globally, many hospitals are striving to develop world-class infrastructure, quality of services, and amenities to serve patients and comply with the norms set by the JCI to boost and attract medical tourists. Currently, more than 1,000 hospitals globally have been awarded JCI accreditation. The hospitals are ramping up their infrastructure to meet the standards of the JCI, as it is considered a significant factor by medical tourists. One of the key constituents of infrastructure is the hospital furniture comprising hospital beds, bedside tables, and examination tables and chairs. Moreover, the accreditations stated on the webpage of the companies boost customer confidence in hospitals that helps in enrolling more patients who are in need of medical treatments, which will support the market growth during the forecast period.

Key Hospital Furniture Market Trend

Another key factor driving the global hospital furniture market growth is the growing geriatric population. According to the World Bank, in 2010, the geriatric population accounted for 7.63% of the total population. It has been steadily growing over the years. In 2017, 8.6% of the population was aged 65 years and above. With the rising age, people are more prone to frequent hospitalization, which necessitates the need for hospital furniture such as hospital beds, tables, and chairs. Women, especially after menopause, generally tend to lose bone mass or density, which makes their bones brittle and vulnerable to damage. Therefore, with the expanding geriatric population base, the admission rates in hospitals are expected to increase, thereby positively impacting the growth of the global hospital furniture market in the forecast period.

Key Hospital Furniture Market Challenge

One of the key challenges to the global hospital furniture market growth is the limited sustainability of smaller vendors. It is extremely difficult for a new player to enter the market and gain substantial revenue, as the hospital furniture manufacturing process is expensive for small and medium players. In addition, they do not have large-scale manufacturing plants to manufacture the products in bulk numbers. Furthermore, major players have growth strategies for expanding their manufacturing facilities worldwide, especially in developing countries. Also, these companies are entering into collaborations, partnerships, and distribution agreements to gain significant revenue. For instance, in January 2017, Medical Depot acquired Sidhil Group Ltd, a leading hospital and home health care bed manufacturer. All these factors will result in the market becoming highly consolidated and competitive, which will act as a hindrance to the global hospital furniture market during the forecast period.

This hospital furniture market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hospital furniture market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hospital furniture market during the forecast period.

Who are the Major Hospital Furniture Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ActiveAid LLC
  • Arjo AB
  • Bio Medical Solutions
  • Chang Gung Medical Technology Co. Ltd.
  • GF Health Products Inc.
  • GPC Medical Ltd.
  • HILL ROM HOLDINGS Inc.
  • Industrias H Pardo SL
  • Invacare Corp
  • LINET Group SE
  • Medical Depot
  • Medline Industries Inc.
  • Narang Medical Ltd.
  • NAUSICAA MEDICAL SAS
  • PARAMOUNT BED HOLDINGS Co. Ltd.
  • Renray Healthcare
  • STERIS Plc
  • Stryker Corp.
  • Sunrise Medical LLC
  • The Brewer Co. LLC

 

This statistical study of the hospital furniture market encompasses successful business strategies deployed by the key vendors. The hospital furniture market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • HILL ROM HOLDINGS Inc. - In April, the company announced the launch of the new Welch Allyn PanOptic Plus Ophthalmoscope and the Welch Allyn MacroView Plus Otoscope.
  • HILL ROM HOLDINGS Inc. - Under its Front Line Care segment, the company offers a range of patient monitoring and diagnostic technologies, including a range of physical assessment tools that help diagnose, treat and manage a range of illnesses and diseases.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hospital furniture market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hospital Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.78%

Market growth 2022-2026

$ 5.74 billion

Market structure

Fragmented

YoY growth (%)

6.42

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ActiveAid LLC, Arjo AB, Bio Medical Solutions, Chang Gung Medical Technology Co. Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., Industrias H Pardo SL, Invacare Corp, LINET Group SE, Medical Depot, Medline Industries Inc., Narang Medical Ltd., NAUSICAA MEDICAL SAS, PARAMOUNT BED HOLDINGS Co. Ltd., Renray Healthcare, STERIS Plc, Stryker Corp., Sunrise Medical LLC, and The Brewer Co. LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Hospital Furniture Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive hospital furniture market growth during the next five years
  • Precise estimation of the hospital furniture market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hospital furniture industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hospital furniture market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Hospital beds - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hospital beds - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hospital beds - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hospital beds - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hospital beds - Year-over-year growth 2021-2026 (%)
    • 5.4 Specialty medical chairs and tables - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Specialty medical chairs and tables - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Specialty medical chairs and tables - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Specialty medical chairs and tables - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Specialty medical chairs and tables - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ActiveAid LLC
              • Exhibit 89: ActiveAid LLC - Overview
              • Exhibit 90: ActiveAid LLC - Product / Service
              • Exhibit 91: ActiveAid LLC - Key offerings
            • 10.4 Arjo AB
              • Exhibit 92: Arjo AB - Overview
              • Exhibit 93: Arjo AB - Product / Service
              • Exhibit 94: Arjo AB - Key offerings
            • 10.5 GPC Medical Ltd.
              • Exhibit 95: GPC Medical Ltd. - Overview
              • Exhibit 96: GPC Medical Ltd. - Product / Service
              • Exhibit 97: GPC Medical Ltd. - Key offerings
            • 10.6 HILL ROM HOLDINGS Inc.
              • Exhibit 98: HILL ROM HOLDINGS Inc. - Overview
              • Exhibit 99: HILL ROM HOLDINGS Inc. - Business segments
              • Exhibit 100: HILL ROM HOLDINGS Inc. - Key news
              • Exhibit 101: HILL ROM HOLDINGS Inc. - Key offerings
              • Exhibit 102: HILL ROM HOLDINGS Inc. - Segment focus
            • 10.7 Industrias H Pardo SL
              • Exhibit 103: Industrias H Pardo SL - Overview
              • Exhibit 104: Industrias H Pardo SL - Product / Service
              • Exhibit 105: Industrias H Pardo SL - Key offerings
            • 10.8 Invacare Corp
              • Exhibit 106: Invacare Corp - Overview
              • Exhibit 107: Invacare Corp - Business segments
              • Exhibit 108: Invacare Corp - Key offerings
              • Exhibit 109: Invacare Corp - Segment focus
            • 10.9 LINET Group SE
              • Exhibit 110: LINET Group SE - Overview
              • Exhibit 111: LINET Group SE - Product / Service
              • Exhibit 112: LINET Group SE - Key offerings
            • 10.10 Medical Depot
              • Exhibit 113: Medical Depot - Overview
              • Exhibit 114: Medical Depot - Product / Service
              • Exhibit 115: Medical Depot - Key offerings
            • 10.11 PARAMOUNT BED HOLDINGS Co. Ltd.
              • Exhibit 116: PARAMOUNT BED HOLDINGS Co. Ltd. - Overview
              • Exhibit 117: PARAMOUNT BED HOLDINGS Co. Ltd. - Business segments
              • Exhibit 118: PARAMOUNT BED HOLDINGS Co. Ltd. - Key offerings
              • Exhibit 119: PARAMOUNT BED HOLDINGS Co. Ltd. - Segment focus
            • 10.12 Stryker Corp.
              • Exhibit 120: Stryker Corp. - Overview
              • Exhibit 121: Stryker Corp. - Business segments
              • Exhibit 122: Stryker Corp. - Key news
              • Exhibit 123: Stryker Corp. - Key offerings
              • Exhibit 124: Stryker Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 125: Inclusions checklist
                • Exhibit 126: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 127: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 128: Research methodology
                • Exhibit 129: Validation techniques employed for market sizing
                • Exhibit 130: Information sources
              • 11.5 List of abbreviations
                • Exhibit 131: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The hospital furniture market growth will increase by $5749.65 million during 2021-2026.
              The hospital furniture market is expected to grow at a CAGR of 6.78% during 2021-2026.
              Technavio has segmented the hospital furniture market by product (Hospital beds, Specialty medical chairs and tables, and Others) and geographic (North America, Europe, Asia, and Rest of World (ROW)).
              ActiveAid LLC, Arjo AB, Bio Medical Solutions, Chang Gung Medical Technology Co. Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., Industrias H Pardo SL, Invacare?áCorp, LINET Group SE, Medical Depot, Medline Industries Inc., Narang Medical Ltd., NAUSICAA MEDICAL SAS, PARAMOUNT BED HOLDINGS Co. Ltd., Renray Healthcare, STERIS Plc, Stryker Corp., Sunrise Medical LLC, The Brewer Co. LLC are a few of the key vendors in the hospital furniture market.
              North America will register the highest growth rate of 34.13% among the other regions. Therefore, the hospital furniture market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the hospital furniture market growth are:
              • Rise in international accreditation by hospitals
              • Growing geriatric population
              The hospital furniture market vendors should focus on grabbing business opportunities from the hospital beds segment as it accounted for the largest market share in the base year.
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