Hospital Furniture Market Research Report - Forecast to 2027

Hospital Furniture Market Research Report, By Type (Bedside Tables, Ot Table, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Container, Trolley), Application (Physician Furniture, Patient’s Furniture And Staff’s Furniture), End Users (Hospitals, Diagnostic Centres, Clinics)- Global Forecast Till 2030

ID: MRFR/MED/0501-HCR | February 2023 | Region: Global | 105 Pages         

Hospital Furniture Market Speak to Analyst Request a Free Sample

Hospital Furniture Market

Global hospital furniture market is expected to reach USD 16190 Million at CAGR of 9.9% by 2030.

Type Bedside Tables Ot Table Instrument Stands Stretchers Hospital Beds Chairs Scrub Sinks Waste Container Trolley
Application Physician Furniture Patient’s Furniture And Staff’s Furniture
End Users Hospitals Diagnostic Centres Clinics
Key Players
Companies Profiled   Stryker Corporation   Bio Medical Solutions   GPC Medical   Narang Medical   Hill-Rom
Market Driving Forces   Increasing number of hospitals and clinics across the globe   Increasing prevalence of different chronic diseases and increasing expectation of the patients toward the hospital infrastructure
Request a Free Sample

Hospital Furniture Market Overview

The global hospital furniture market will witness a valuation of USD 16190 Million and a propelling CAGR of 9.9 % by 2030 in the forecast period.

 The increasing prevalence of chronic diseases and patient expectations for hospital infrastructure also contributed to market growth. Continued technological advances and innovative furniture such as eye surgery chairs and advanced stretchers are expected to provide profitable growth opportunities. The growing number of hospitals globally is contributing to the growth of the hospital furniture market.

 The main purpose for the market is to ensure the future growth of the hospital furniture market. The first reason behind the market's growth is the growing number of hospitals and clinics around the world. Public agencies are trying to build more and more hospitals to avoid other situations like pandemics. During the forecast period, the demand for more advanced hospitals and clinics will be the main growth driver in the hospital furniture market. Public-sector efforts to modernize existing hospital infrastructure are also a major driver of the hospital furniture industry.

The aging illness is often associated with obesity and paralysis, so people with disabilities increasingly need mobility aids to carry out their daily work. As a result, it is estimated that as obesity and lifestyle-related disorders in the elderly increase, the need for treatment and obesity wheelchairs, mobility scooters, and other obese mobility and support devices will increase. Due to this, the hospital furniture market will witness significant growth in the forecast period.

COVID 19 Analysis

The COVID 19 pandemic was detrimental for many sectors in the global industrial scene. However, the effect is quite the opposite for the Hospital Furniture Industry. The Hospital Furniture Market has benefited from the COVID 19 pandemic because globally, there was a need to create more hospitals and specialized COVID 19 clinics. This meant that there is a need to furnish more hospitals and clinics on an emergency basis. The Hospital Furniture Industry thus experienced the inflow of tremendous opportunities of growth during the COVID 19 pandemic. On the other hand, the existing hospitals also tried to upgrade their infrastructure because of the heavy inflow of patients. Thus, the Hospital Furniture Industry saw multiple openings of growth and demand.

As for the general trend during the COVID 19 pandemic, it is safe to assume that during a disease outbreak, the hospital sector and, by extension, the Hospital Furniture also faces a high demand. Since the COVID 19 pandemic is unlike any other epidemic outbreak we have faced, the demand experienced by the Hospital Furniture Industry during these pandemic years is like never seen before. This growth of the Hospital Furniture Market during the COVID 19 pandemic is one that is seen on a global scale across different countries.

Figure 1- Global Hospital Furniture Market, by end users

 hospital furniture market

Source- Annual reports, Press release, White paper, Company Presentation

Market Dynamics 

The key drivers of the market  

 In the Hospital Furniture Market, there are many key drivers of growth. These key drivers of the market ensure that there is Healthcare Furniture Market growth in the present and future. The first reason for the market growth is the growing number of hospitals and clinics around the world. Public governments are trying to establish more and more hospitals in order to avoid a pandemic-like situation again. The need for more advanced hospitals and clinics as we move into future years is a key driver of demand in the Healthcare Furniture Market.  The public governments’ effort at modernizing the infrastructure of existing hospitals is also a key driver for the Hospital Furniture Industry.

Significant opportunities of the market

The healthcare furniture market is one that has many significant opportunities currently. For example, the healthcare furniture market benefits from the set up of quarantine facilities and allied medical healthcare service centers. On the other hand, the continued fight to eradicate COVID 19 and the set up of mass vaccination centers is also a very significant opportunity in the hospital medical furniture market. The market benefits from the up-gradation of medical facilities. The detection of new diseases and their treatment also is a significant opportunity for the hospital medical furniture market because it can then focus on specialized treatment clinics.

Market Restraints

There are certain market restraints that are apparent in the Hospital Furniture Market.  For example, the lack of research and development in different countries regarding hospital furniture design and creation is a restraint. While some countries are ahead of the time and are highly advanced in terms of hospital infrastructure and furnishings, some other countries lack the basic advances needed in the sector. The disparity between the nations is a global market restraint that acts as a setback to the global market valuation.

Market Challenges

While the majority of the hospitals upgrade their infrastructure when there is a new disease breakout, there are other hospitals that do not have enough funds to make an upgrade on the hospital furnishings. Many hospitals around the world still run on outdated furnishings with no aim of refurbishing them. The COVID 19 pandemic has created a market disparity that is either great for the market in parts or completely detrimental in other parts. How to create uniform opportunities for growth is a challenge the market faces in the midst of the pandemic.

Segment Overview 

The hospital furniture market divides into different segments based on different characteristics and criteria. The segmentation of the market is a great aid in medical furniture manufacturing industry analysis.  The various segments of the medical furniture market are as follows-

The global market segments into different divisions according to the categories of type, applications, and end-users.

By type- This section of the hospital furniture industry is based on the type of furniture made by the market companies.  The type segment has hospital tables, beds, OT tables, hospital furniture chairs, etc. Out of these hospital beds and hospitals, furniture chairs are the most dominant ones.

By Application- By application, the market companies develop physician’s furniture, patient’s furniture, and staff furniture. Since these are specialized furniture, the segmentation is like this.

By end users- By end users, the furniture is divided into the different places where the furniture is used. The furniture may be for hospitals, clinics, nursing homes, or even organizations with infirmaries like schools or old age homes.

Regional Overview

By regions, the hospital furniture market disperses over major regional markets of North America, Europe, and the Asia Pacific. According to the hospital furniture Industry trends, the majority of the hospital furniture Industry size belongs to the North American region. Moreover, the healthcare furniture trends also point that the Asia Pacific region is the biggest market of growth in the forecast period. The hospital furniture manufacturers in India and China are responsible for this trend. The African and European regional markets are also emerging as major regional markets in the hospital furniture sector.

Competitive landscape 

There are many key players in the hospital furniture market that dominate the competitive landscape for the market. The key competitors are as follows:

  • Stryker Corporation

  • Bio Medical Solutions¬†

  • GPC Medical¬†

  • Narang Medical

  • Hill-Rom

The market report shows that the major competitors in the market are from the USA or from India. This is again the reason behind the North American region and the Asia Pacific region leading the market share in the future.

Recent Developments

In June 2022

Stryker, a global medical technology company, has opened a research and development facility, the Stryker Global Technology Center (SGTC), in Gurgaon's International Tech Park. Covering over 150,000 square feet, this facility helps accelerate innovation.

The company has confirmed working with the customers to improve healthcare. It is committed to developing products and solutions that meet the customers' unique needs in the market and around the world.

The hospital furniture market report or overview is as follows:

  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments

The above report on the hospital furniture market explains the key drivers and growth indicators of the market. Secondly, it puts the hospital furniture Industry insight while predicting from 2021 to 2030, which is almost a decade. Thirdly, it also elaborates on the market characteristics of the sector in discussion. Moreover, this report also covers the basic segmentation of the hospital furniture Industry and its regional analysis. The report emphasizes the competitive landscape of the market and its recent developments. The above report is a comprehensive report that considers different associated factors before arriving at a conclusion about the market scenario. 

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 16190 Million
  CAGR   9.9%
  Base Year   2019
  Forecast Period   2021-2030
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application, End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Stryker Corporation (US), Bio Medical Solutions (India), KI (US), GPC Medical (India), Anetic Aid Limited (UK), DRE INC (US), Bristol Maid Hospital Metalcraft (UK),¬† The Brewer Company (US), GPC Medical Ltd (India), Chang Gung Medical Technology (China), Hill-Rom (US), Narang Medical (India), Beaver Healthcare Equipment (UK), Renray Healthcare Ltd. (UK), Moore Medical LLC (US), Beaver Healthcare Equipment (UK)
  Key Market Opportunities   joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments
  Key Market Drivers

  • Increasing prevalence of different chronic diseases
  • increasing expectation of the patients toward the hospital infrastructure

  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    Among the end use segments of the global market, hospitals hold a dominant 65% share.

    The high cost and longevity of hospital furniture are the major restraints on the market.

    Growing healthcare sector and increasing efforts from hospitals to provide a sophisticate experience to patients are the major drivers for the Hospital Furniture Market.

    The Americas dominates the Global Hospital Furniture Market, followed by Europe and Asia Pacific.

    Leading players in the Hospital Furniture Market include GPC Medical, KI, and Bio Medical Solutions, among others.