Mortuary Equipment Market Overview
The mortuary equipment market is expected to reach USD 1074.03 Million by 2030 at 6.10% CAGR during the forecast period 2022-2030. Mortuaries are places where dead bodies are preserved and stored for performing autopsies or for educational and research purposes. Various equipment is used in mortuaries for preservation and for storing the cadavers for research and education.
This growth of the market is projected due to the increased mortality rate in the world and the morgue’s unclaimed bodies. Also, the increasing demand for automatic machines, higher technology, time-efficient solutions, and investments are also supporting the mortuary equipment market growth to propel.
As the work environment is not very pleasant in mortuaries, the demand for automating machines is increasing that can help to do the work of multiple workers easily. The leading companies of this market are also introducing many new technology advancements that are most likely to drive the growth in the forecast period. There are some of the restraint factors available that can affect the market growth and slow it down. However, new innovations can overcome those challenges and people the market growth.
Covid 19 Analysis of Mortuary Equipment Market
The COVID 19 pandemic has affected almost all the different industries including mortuary equipment. In most of the regions, the number of deaths started to rise during the pandemic and the demand for new and improved technologies increased. With a high number of bodies at morgues, the necessity of advanced and automated technology increased a lot. Although the production and manufacturing were in pause for a pandemic in most of the regions. Now, the manufacturing and supply chain have resumed in most of the regions. The market will again get back to the normal status and start growing in the forthcoming years.
Mortuary Equipment Market Dynamics
There are some major factors that are expected to drive the growth of the mortuary equipment market in the forecast period. One of the major factors is the increasing number of unclaimed bodies in the mortuaries. Some of the other driving factors include the rising mortality rate, increasing demand for the latest technology advancements, automation techniques, investments from different sources, and others.
In recent years, the number of hospitals has increased worldwide which is directly linked with the high number of morgues as all of the hospitals have morgues. In many regions, the awareness of morgue is also increasing which is expected to support market growth in the future.
Since the COVID 19 pandemic, the body count in morgues have increased a lot with the rising death rate in almost all the regions. It made the work of the morgues much harder and realized the need for automation techniques and technology advancement to do the work very fast and save time.
Therefore, the demand for technology advancement has increased a lot now and expected to be higher in the future. Also, the investment and fundings have also increased from the government and other organizations that opened growth opportunities in the forecast period for the global mortuary equipment market.
Although the mortuary equipment market is expected to have high growth during the forecast period, there are some factors that can interrupt the growth rate. The recent anatomage table development and the mortuary equipment high cost can restrain the growth of the mortuary equipment market. COVID 19 also disrupted the market flow with the lockdown in most of the regions and interrupted the supply chains. However, the mortuary equipment market is expected to overcome these restraints and have high growth in the future.
Many challenges have arisen in the path of the global mortuary equipment market growth. The demand for automation techniques and technological advancements in mortuary equipment is increasing. However, all of the regions do not have enough funding and investment to research and provide technological advancement. Also, many companies are not yet fully recovered from the revenue loss during the COVID 19 period.
- Cumulative Growth Analysis
The mortality rate and unclaimed bodies in the morgues have increased a lot in recent years, which resulted in having high growth in the global mortuary equipment market in the forthcoming years. It is expected to reach around 1400 million in the forecast period with a CAGR of 6.90. The growth rate might increase or decrease based on the future challenges and restraints in the market.
Value Chain Analysis
With the increased number of hospitals worldwide, the number of morgues is also increasing rapidly as most of the hospitals have morgues. The increasing mortality rates and advanced technology have accelerated the growth of this market and expected to increase more in the future. As the global economy has suffered a lot during the COVID 19 pandemic, the growth of the global mortuary equipment market will help a lot to balance the economy.
Mortuary Equipment Market Segment OverviewThe global mortuary equipment market is divided into mainly by type and by application segment. Here are the sub-segments is given below with the highest share information.
- Cadaver trolleys and lifts
- Autopsy tablets
Refrigeration among all the others holds the largest share of the market due to the advanced technologies that help to use a minimum supply of power and different sizes of storage availability. Mortuary equipment market is expected to boost the growth of the market in the future as well.
- Research and academic
Mortuary Equipment Market Regional Analysis
The mortuary equipment market growth is expected in many different regions around the world such as the Americas, Asia Pacific, Europe, Middle East & Africa, Latin America, and others. Among all of them, the Americas is expected to have the highest share of the global market of mortuary equipment.
Due to some of the factors, the region is expected to have the highest growth such as the availability of private mortuaries, rising demand for mortuary equipment, upgrading techniques, and research by the key companies.
The growing number of hospitals and morgues have increased the demand for mortuary equipment in this region very much. Other regions are also expected to have a good growth rate in the forecast period with technological advancements and high mortality rates.
The global market of mortuary equipment is growing rapidly in most of the regions. With time, plenty of companies are entering the market and introducing innovative ideas and products, which is helping to meet the requirements and provide better service. However, the existing top players are way ahead and continuing their research to provide technological advancements in the sector.
Some of the key players of the mortuary equipment market who are expected to propel the growth with their new products and upgrades are KUGEL Medical GmbH & Co. KG (Germany), LEEC Limited (UK), Thermo Fisher Scientific (US), Mopec Inc. (US), Flexmort (UK), EIHF Isofroid (France), and others.
List of Key Companies:
- Ferno-Washington Inc
- Barber of Sheffield
- Mopec Inc.
- Thermo Fisher Scientific
- SM Scientific Instruments Pvt Ltd
- Mortech Manufacturing Company Inc.
- Funeralia GmbH
- LEEC Limited
- KUGEL Medical GmbH & Co. KG
- EIHF Isofroid
- C.F.di Ciro Fiocchetti & C. s.
- Roftek Ltd. Span Surgical Co
- Mopec Inc. has announced the new cadaver lift offering performance and versatility in design in 2017 November
- In the year 2018 January, HYGECO signed a deal to sell their mortuary equipment to Blida and Tamanrasset military hospitals that are available in Algeria
- Ferno-Washington Inc. along with the REV group announced the launch of the crew-centric and innovative patient ambulance.
This report includes all the details about the expected growth of the mortuary equipment market in the forecast period. The driving factors for the growth, COVID 19 analysis, segmental analysis, regional analysis, challenges, opportunities, competitive landscape, and other sections are given in detail. Most of these are collected from primary and secondary sources to show the growth factors.
- Historic Period: 2018-2021
- Base Year: 2021
- Forecast Period: 2021-2027
- Asia Pacific
- Latin America