Hospital Furniture Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, UK - Size and Forecast 2023-2027

Hospital Furniture Market Forecast 2023-2027

The Hospital Furniture  market size is forecast to increase by USD 7.83 billion at a CAGR of 8.38% between 2022 and 2027. The expansion of the market hinges on various factors, including the increasing adoption of international accreditation standards by hospitals, the utilization of Internet platforms to enhance awareness of hospital infrastructure, and the rising prevalence of infectious diseases. These dynamics drive the demand for healthcare services and infrastructure, fostering growth opportunities within the healthcare sector. By adhering to global accreditation standards, hospitals can improve their reputation and attract more patients. Additionally, leveraging online platforms enables hospitals to reach a broader audience and showcase their facilities and services effectively. Moreover, the growing incidence of infectious diseases underscores the need for robust healthcare systems and facilities, further fueling market growth.

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

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In the healthcare sector, ophthalmic chairs and examination couches play vital roles in patient comfort during ophthalmic examinations. As chronic diseases become increasingly prevalent, the demand for hospital beds segments catering to different patient needs. Nursing homes, serving as vital facilities for long-term care, require specialized furniture to ensure patient comfort and mobilityAmid the backdrop of a pandemic and rising cases of the prevalence of chronic diseases, hospitals, and clinics are under pressure to meet evolving patient expectations. Analysts review the market in light of changing insurance & reimbursement scenarios and increasing demand for specialized mobility equipment to address elderly illnesses and obesity. From hospital admissions to healthcare delivery, regulatory compliance, and innovative designs become pivotal. This market caters to diverse needs, ranging from plain hospital beds to examination chairs and dental chairs, shaping the future of healthcare infrastructure and patient care.

Market Dynamics and Challenges

In the wake of the ongoing pandemic, hospitals and clinics face increasing demands to cater to patients with chronic diseases. As patient expectations evolve, there's a growing need for mobility equipment to address elderly illnesses and conditions like obesity and paralysis. This surge has led to a rise in demand for specialized equipment such as bariatric wheelchairs and mobility scooters. Consequently, the market, encompassing medical furniture costs and segments like beds, chairs, and instrument stands, witnesses significant growth. From ICU beds to birthing chairs, the sector must adapt to meet diverse patient needs efficiently while ensuring comfort and functionality. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rise in international accreditation by hospitals is the key factor driving the growth of the market. Many hospitals around the world strive to develop world-class infrastructure, quality of service, and amenities to serve their patients and adhere to the standards set by the Joint Commission International (JCI) for attracting and attracting medical tourists. Currently, worldwide has over 1,000 hospitals with JCI accreditation. The number of  hospitals accredited by JCI is increasing as more hospitals seek accreditation

Moreover, one of the main components of infrastructure is hospital equipment, which consists of hospital beds, bedside tables, examination tables, and chairs. Additionally, the accreditation offered on the company's website strengthens customer confidence in the hospital, helping it accept more patients in need of care. Accrediting factors will play an important role in driving the growth of the market during the forecast period.

Major Market Trends

The rising number of medical emergencies is the primary trend in the market. To provide advanced services and advanced equipment such as motorized beds and modern hospital beds, medical facilities are upgrading their emergency, critical care, acute care, and surgical facilities. These facilities are much needed for the treatment of medical emergencies. Hospitals and other emergency medical centers are taking precautions and providing the necessary equipment to deal with medical emergencies.

Furthermore, semi-automatic beds are used in acute care facilities, and manual hospital beds are required for long-term care in hospitals and home care facilities. The demand for hospital beds is increasing due to the increase in emergency rooms to deal with the increasing number of medical emergencies. Market players and manufacturers of these products are responding to this demand by increasing their production volumes, driving the growth of the global market during the forecast period.

Significant Market Challenge

Distribution issues faced by developing countries is a challenge that affects the growth of the market. Most product suppliers are in the US and Europe. Almost all major countries in APAC, especially China, India, and Bangladesh, impose high import tariffs on this equipment. Asian countries are subject to very high most-favored-nation duties as well as additional duties such as special taxes, landing charges, and countervailing duties, making the importation of these products very expensive.

Moreover, countries such as Qatar, Oman, Saudi Arabia, and the United Arab Emirates have no sales tax or additional tariffs other than the MFN tariff rate. However, the logistics complexity of the accessories and other consumables used in the process makes the distribution network inefficient. Therefore, such factors are expected to impede the global market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Hospital Furniture Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Sunrise Medical LLC: The company offers such as Xenon series, Quickie 2 family, Qxi Qx folding wheelchair and M6 folding wheelchair.

The research report also includes detailed analyses of the competitive landscape of the market 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.
• The Brewer Co. LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Hospital Furniture Market Segmentation

This market report extensively covers market segmentation by Application (physician furniture, patient furniture, and staff furniture), Product (hospital beds, specialty medical chairs and tables, and others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) and geography North America, Europe, APAC, Middle East and Africa, and South America. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Patient Furniture and Staff Furniture are crucial components of any healthcare facility, ensuring comfort and functionality for both patients and medical professionals. Examination lights illuminate examination areas, while drawers, benches, and over-bed tables provide essential storage and support. Physician's furniture and examining tables are tailored for medical consultations and procedures, complemented by specialized surgical chairs. Walkers aid patient mobility, while pressure care and positioning products ensure comfort and prevent bedsores. Respiratory products support respiratory function, and wound care management products assist in treating chronic wounds like diabetic foot ulcers and venous leg ulcers. Electric and motorized hospital beds enhance patient care, particularly for elderly patients, promoting a healing environment. These furniture and equipment solutions contribute to patient-centered care, backed by advanced medical technology and healthcare expenditure in emerging economies. Major industry players drive innovation in bariatric beds, seating, and transfer and transport equipment, facilitating long-term care and rehabilitation processes.

By Application

The physician furniture segment is estimated to witness significant growth during the forecast period.  Physician furniture includes hospital furniture, such as examination tables and physician chairs. The adoption of automated beds in intensive care units and critical care units in hospitals will be driven by the increasing number of multispecialty and super specialty hospitals in developing countries in Asia, such as India and China.

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The physician furniture segment was the largest segment and was valued at USD 5.70 billion in 2017. The rising number of acute care facilities will propel the sales of semi-automatic hospital beds and the growing trend of home healthcare is expected to increase the use of manual hospital beds in clinics. Favorable market conditions provide healthcare providers with a growth platform to expand their services. Rising healthcare spending due to stable economic conditions and increasing disposable income is expected to drive market growth in emerging markets, which in turn, will fuel the growth of the market segment during the forecast period. 

Regional Analysis

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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  The region has seen a rise in health spending and advanced healthcare facilities and services, for example at intensive care, acute care, critical care, and long-term care centers. In particular, increasing healthcare investment by countries like the US and Canada will be a major factor for market growth in the region.

Furthermore,  the growth of multi-specialty and sub-specialty hospitals is supported by rising personal healthcare spending in North America. Patients will have access to better medical facilities, as healthcare spending is higher in this region compared to other regions. This contributes to the continued demand for such as hospital beds, mobility aids, and other ancillary products. Hence, such factors will drive the growth of the regional market during the forecast period.

Market Analyst Overview

 

In the realm of healthcare, the hospital furniture designs market plays a vital role in ensuring patient comfort and safety while catering to the diverse needs of hospital beds, chairs, and assistive equipment. Governments, alongside healthcare providers, focus on addressing the needs of the geriatric population and managing chronic conditions like diabetes and cardiac arrest. From beds with enhanced mobility features to smart beds equipped with wireless connectivity and Early Sense monitoring systems, innovation drives the industry forward. With a keen eye on hygiene, ergonomics, and wound care management, hospitals embrace electric and motorized beds, underscoring the importance of patient well-being in both developing economies and developed countries.

From therapy aids to bariatric mobility and assistive equipment, hospitals cater to diverse needs. Stretchers, scrub sinks, waste containers, and trolleys facilitate seamless operations, while various bed types, including Fowler, pediatric, and maternity beds, accommodate patient needs. Specialized chairs for dialysis, ophthalmology, ENT, and dentistry ensure patient and caregiver comfort. Additionally, patient and staff furniture, examination sofas, lights, and tables are essential for diagnostic centers and hospitals. With a focus on wound care management, electric and motorized beds with smart features enhance the patient experience, reflecting modern healthcare practices and robust healthcare infrastructure. Major players drive innovation through product launches and agreements, catering to evolving patient needs in both emerging and developed economies.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook
  • Physician furniture
  • Patient furniture
  • Staff furniture

• Product Outlook
  • Hospital beds
  • Specialty medical chairs and tables
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Hospital Furniture  Market Scope
Report Coverage	Details
Page number	164
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 8.38%
Market growth 2023-2027	USD 7.83 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	7.28
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 32%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	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, and The Brewer Co. LLC
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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