Hospital Furniture Market Size, Share & Trends Analysis Report By Application (Patient's Furniture, Staff's Furniture), By Product (Patient Lifts, Beds), By Material (Metal, Wood), By End-use, By Sales Channel, And Segment Forecasts, 2023 - 2030

Hospital Furniture Market Size, Share & Trends Analysis Report By Application (Patient's Furniture, Staff's Furniture), By Product (Patient Lifts, Beds), By Material (Metal, Wood), By End-use, By Sales Channel, And Segment Forecasts, 2023 - 2030

Hospital Furniture Market Growth & Trends

The global hospital furniture market size is expected to reach USD 15.39 billion by 2030, registering a CAGR of 6.80% from 2023 to 2030, according to a new report by Grand View Research, Inc. The prevalence of chronic diseases is rising, and patients’ demands for hospital facilities are continuing to rise as well. It is anticipated that ongoing technology advancements and cutting-edge furniture, like eye surgical chairs and high-tech stretchers, are expected to create lucrative business potential. The world’s growing network of hospitals and clinics is the main driver of the industry. Public agencies are constructing more hospitals to prevent pandemics and other unforeseen events. Over the forecast period, the key growth driver of the industry will be the demand for more modernized hospitals and clinics. Hospital furniture sales are significantly influenced by public sector initiatives to update existing hospital infrastructure.

Numerous industries across the world suffered from the COVID-19 pandemic. For the hospital furniture industry, the impact is precisely the opposite. The pandemic has benefited this industry because additional hospitals and specialized COVID-19 clinics were required to be built on a global scale. This indicated that there is an urgent need to furnish new hospitals and clinics. The pandemic brought with it a flood of fantastic growth prospects for this industry. Furthermore, due to the high patient volume, the existing hospitals also made an effort to upgrade their infrastructure. As a result, there were many opportunities for demand and expansion in the market. Hospital furniture is a significant factor to consider as it impacts a major part of a hospital’s functions. Trends in hospital furniture have been affected by the pandemic. Healthcare design considerations would inevitably be impacted by the pandemic in the coming years.

Hospital Furniture Market Report Highlights

• The beds segment dominated the industry in 2022 owing to the high demand for ICU beds as a result of the increased prevalence of chronic disorders
• The patient’s furniture segment is anticipated to lead the industry due to high demand across the globe
• The offline sales channel segment captured the maximum share in 2022 owing to the advantages offered
• The metal segment dominated the industry in 2022 owing to the high adoption and demand for metal-based products
• The hospitals & specialty clinics segment dominated the market in 2022 due to increased product demand and high hospitalization rates owing to several chronic disorders
• North America held the largest share in 2022 owing to the increased prevalence of chronic diseases, such as obesity, diabetes, and cardiac arrest, that may lead to hospitalization

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