Global Hospital Furniture Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type (Beds, Tables, Chairs, Cabinet and Lockers, and Trolley and Stretchers), Manufacturing Material (Metal, Plastic, and Wood), Application (Physician’s F

Global Hospital Furniture Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type (Beds, Tables, Chairs, Cabinet and Lockers, and Trolley and Stretchers), Manufacturing Material (Metal, Plastic, and Wood), Application (Physician’s Furniture, Patients’ Furniture, and Staff Furniture), End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers), Region (North America, Europe, Asia Pacific, and Latin America, Middle East and Africa (LAMEA))

Market Overview

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 Ken Research 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.

By Manufacturing Material: The metal segment held the largest market share in 2021 in the Global Hospital Furniture Market.

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 Ken Research 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.

Key Segments Covered in Global Hospital Furniture Market: -

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)

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