Global Healthcare Furniture Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Healthcare Furniture Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Healthcare furniture comprises of a special type of furniture which is specially designed for hospitals and other related medical treatment centers as per requirement of the patients. In addition, this type of furniture includes special tables, chairs, trolleys etc., such as ICU beds, wheelchairs, and patient trolleys.

Market Overview:

The latest research study on the global Healthcare Furniture market finds that the global Healthcare Furniture market reached a value of USD 1838.2 million in 2022. It’s expected that the market will achieve USD 10791.79 million by 2028, exhibiting a CAGR of 34.31% during the forecast period.

Influence of COVID-19 Outbreak on Healthcare Furniture Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 9 million, the number of confirmed cases in North America has exceeded 2.7million. Different industries are affected differently by the epidemic situation. The impact on Healthcare Furniture is mainly reflected in the supply of raw material and Downstream market demand.
The materials of Healthcare Furniture are fasteners, latches, brackets, locks, hinges, handles, plastic, metal, glass, brass, steel, aluminum, iron, and other materials. Affected by the COVID-19 epidemic, logistics will be suspended and the supply of Healthcare Furniture will be tight. Due to the global threat of COVID-19, the resumption of work in the Healthcare Furniture factory will directly affect the customer's production plan for goods and shipments. The continuous outbreak of the international epidemic situation, if the personnel control of each country is extended, it will affect the smooth supply of equipment and materials.

Healthcare Furniture market terminal purchasers are Hospitals, clinics, individuals, or families. Affected by the new coronavirus isolation requirements, patients diagnosed need to enter the hospital or related medical facilities for isolation treatment. For now, the United States knows the most diagnosed countries in the world. On March 30, CNN described the current situation of Brookdale University Hospital in New York City, the intensive care unit (ICU) is overcrowded, the emergency room corridor is filled with beds, and the mortuary is full of corpses. Therefore, affected by the new coronavirus, there is a strong demand for hospital beds and other equipment.

Limitations

The longevity of healthcare furniture materials and the high costs associated with technologically innovative furniture products are considered to be key factors influencing the market growth. The average life expectancy of hospital furniture is approximately ten to twelve years (if non-technical products, such as non-motorized stretchers and chairs). The long life of these products limits repetitive purchases and has a negative impact on market growth. Similarly, the innovative technology of this furniture and the high cost of raw materials will have a negative impact on market growth. Therefore, these factors are considered to be major obstacles to the growth of the hospital furniture market.
Opportunities
With the rapid development of medical technology in Healthcare Furniture, people are increasingly concerned about the functionality of Healthcare Furniture and the space environment of hospital buildings. The design method has also begun to be more scientific, and the patient group has been designed more targeted. The new direction of Healthcare Furniture reform has made professional Healthcare Furniture accelerate the rapid development of new materials, environmental protection, and humanization.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

Steelcase Health is one of the major players operating in the Healthcare Furniture market, holding a share of 15.19% in 2020.

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments.

The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, Smith System, AMQ, Orangebox, Designtex, and PolyVision brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, Clinic furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names. It also offers wood casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles, and data analytics solutions.

Segmentation Overview:

Among different product types, Chair segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Hospital segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Healthcare Furniture market covered in Chapter 3:

Hill-Rom
Krug
Flexsteel
Knoll
Haworth
Herman Miller
Logiflex
Stance Healthcare
Wieland
Interna
Intellicare Furniture
Stryker
Steelcase Health

In Chapter 4 and Chapter 14.2, on the basis of types, the Healthcare Furniture market from 2018 to 2029 is primarily split into:

Bed
Chair
Cabinet
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Healthcare Furniture market from 2018 to 2029 covers:

Hospital
Home
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)