30-Sep-2020 | Zion Market Research
The global medical furniture market was capitalized at USD 7.1 billion in 2019 and is projected to see a striking growth with a CAGR of 6.3% CAGR from 2019 to 2025. Major players active in medical furniture market are Johnson & Johnson, Philips Healthcare, Luxor, GE Healthcare, OMRON Corporation, Invacare Corporation, Kovonax, Met-lak, LINET, Promotal, Skytron, STERIS Corporation, Getinge, Hill-Rom Holdings, and Stryker. These companies implement various tactical programs such as geographic expansion, new product launch, and acquisitions to get the possible market share. For example, LINET developed the new Virtuoso anti-decubitus mattresses in November 2018 that can assist treat and prevent pressure ulcers problems.
Enhancements In Healthcare Infrastructure In Developing As Well As Developed Nations Will Power The Growth Of The Medical Furniture Market In Years To Come
Enhancements in healthcare infrastructure in developing as well as developed nations will power the growth of the medical furniture market in years to come. Government in developing nations such as China imposes specific decisions that lead to development of hospital infrastructure as well as guarantees availability of hospital facilities with superior quality. However, developed nations have well-maintained hospitals. State and Community hospitals are fitted with best medical furniture. Users have high inclination towards such hospitals that powers the growth of the market substantially.
Increasing Prevalence Of Chronic Diseases Such As Diabetes And Cancer Might Power The Growth Of The Global Market During The Coming Years
Increasing prevalence of chronic diseases such as diabetes and cancer might power the growth of the global market during the coming years. Lifestyle alterations have elevated the danger of getting diseases that needs critical monitoring and surgical procedures. This scenario proves helpful for the growth of the market as it eventually increases demand for stretchers, medical beds, and trolleys. Major players ready to widen their share of the market have ample growth avenues in developing nations with high hospital admission rate and huge patient pool. However, medical furniture market has various growth avenues and its growth can be limited owing to the high cost of medical furniture.
Well-Maintained Healthcare Infrastructure To Power The Market Growth In North America
The medical furniture market in North America added up for 28% income share in 2019. Considerable income share can be credited to the well-maintained healthcare infrastructure. Hospitals covered below public healthcare have the freedom to use funds from the government. Medical furniture is costly and therefore this coverage proves helpful for the growth of the market.
Browse the full “Medical Furniture Market Products (Beds, Chairs, Trolleys & stretches, Tables and Cabinets & lockers), Material (Wood, Plastics and Metal), End-user (Hospitals, Home healthcare and Ambulatory surgical Centres): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/medical-furniture-market
The global Medical Furniture Market is segmented as follows:
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