The global hospital furniture market size was estimated at USD 9.12 billion in 2022 and is expected to surpass around USD 17.77 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period 2023 to 2032.
Key Pointers:
- The patient's furniture segment is anticipated to lead the hospital furniture market as it has captured around 45.9% of the market share in 2022.
- The offline sales channel captured around 64.29% of the market share in 2022.
- The metal segment dominated the market in 2022 and accounted for the largest share of more than 41.15% of the global revenue.
- In 2022, the hospitals and specialty clinics segment dominated the market and accounted for the largest revenue share of 55.9%.
- The ambulatory surgery center is anticipated to exhibit the highest CAGR of 7.11%.
- The beds segment has dominated the market and captured 24.13% of market share in 2022.
- The hospital chairs segment has secured the second position by capturing 20.14% of market share in 2022.
- North America dominated the market and held the largest revenue share of 36.19% in 2022.
- Asia Pacific is expected to witness the highest CAGR of 7.1% during the forecast period.
Hospital Furniture Market Report Scope
The growth of the market is due to the rising number of hospital admissions globally, favorable insurance and reimbursement scenarios, and government support for the hospitals that are covered under the healthcare sector are some of the factors propelling the growth of the market. Moreover, 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. However, a hindrance in hospital furniture designs and production is the lack of research and development in many countries. While some countries are technologically ahead of the curve and have highly developed hospital infrastructure and furnishings, several other nations lack the fundamental advancements required in the sector.
The primary factor driving the market's expansion is the world's expanding network of hospitals and clinics. To prevent other circumstances like pandemics, public organizations are working to construct an increasing number of hospitals. The demand for more modern hospitals and clinics is the primary growth driver in the hospital furniture market over the period of forecasting. The public sector's initiatives to modernize current hospital infrastructure also play a significant role in driving the hospital furniture market.
The market for hospital furniture is seeing a surge in the adoption of contract production. With more focus on product quality and a high-end finish, the idea of personalized furniture has become more and more popular. Manufacturers are implementing well-considered ideas that emphasize on the aesthetics, comfort, and hospitality of end customers. Conventional hospital furniture has several drawbacks including the development of skin ulcers and bed sores in obese patients due to extra pressure by the furniture on already thin skin. As a result, companies are working aggressively to enhance the usability and appearance of healthcare furnishings for overweight people. This is encouraging for medical facilities that are spending money on furniture that can support several hundred pounds of patient weight.
According to the report published by the World Obesity Federation, The World Obesity Atlas 2022, one Million people across the world, including one in five women and one in seven men, will be obese by 2032. According to the World Health Organization, 652 million adults, 340 million adolescents, and 40 million children worldwide are obese. This value is still rising. According to the WHO, 168 million individuals would be less healthy by 2025 as a result of being overweight or obese. Obesity increases the risk of developing a number of the world's major disorders, such as heart disease, stroke, diabetes, and several types of cancer. Although none of these health effects are directly caused by obesity, it can raise the likelihood that they will occur. According to the Global Burden of Disease report, obesity caused 4.9 million premature deaths in 2017.
Numerous industries across the world suffered from the COVID-19 pandemic. For the hospital furniture industry, the impact is actually precisely the opposite. The COVID-19 pandemic has benefited the hospital furniture 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 COVID-19 pandemic brought with it a flood of fantastic growth prospects for the hospital furniture 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 hospital furniture sector.
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 COVID-19 epidemic. Healthcare design considerations would inevitably be impacted by the pandemic in the upcoming years. So it's essential to design waiting spaces that follow physical distance rules and have better cleaning capabilities. In order to deal with healthcare-associated illnesses, or HAIs, infection prevention is currently the main focus in furniture design. Infection control is becoming more crucial as hospital cleanliness standards improve.
Some of the prominent players in the Hospital Furniture Market include:
- Stryker
- Invacare Corporation
- ARJO AB
- Steris Plc.
- Medline Industries, Inc.
- Hill-Rom Holdings, Inc.
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- NAUSICAA Medical
- Sunrise Medical (US) LLC
- Herman Miller Furniture
- Kovonox
- Getinge AB
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Hospital Furniture market.
By Product
- Beds
- ICU Beds
- Fowler Beds
- Plain Hospital Beds
- Pediatric Beds
- Mattress
- Maternity Beds
- Others
- Patient Lift
- Manual Lifts
- Power Lifts
- Stand up Lifts
- Heavy duty Lifts
- Overhead Track Lifts
- Tables
- Examination Tables
- Obstetric Tables
- Surgical Tables
- Others
- Chairs
- Medical Carts
- Stretchers
- Others
By Application
- Physician's Furniture
- Patient’s Furniture
- Staff’s Furniture
By Sales Channel
By Material
By End-use
- Hospitals & Specialty Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Request Customization
Get a Sample
Get a Sample
Request Customization