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Hospital Furniture Market
Hospital Furniture market Witnesses Robust Growth Driven by Rising Healthcare Investments and Technological Advancements.
AUSTIN, TX, UNITED STATES, January 2, 2025 /EINPresswire / -- According to SNS Insider, The Hospital Furniture Market was valued at USD 9.06 Billion in 2023 and is projected to reach USD 16.34 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.85% from 2024 to 2032.
Rising Demand and Emerging Opportunities in the Hospital Furniture Market
The hospital furniture market is experiencing rapid growth due to the rising expenditure on healthcare, growing infrastructure in hospitals, and an increase in chronic diseases. The trend of medical treatments has become highly advanced, and comfort to patients is becoming increasingly important, raising the demand for ergonomic and technologically advanced furniture, such as motorized beds, overbed tables, and modular storage units. Besides this, the rise of healthcare infrastructure facilities in the developing world coupled with public policies and private investments enhances growth within the market. Additionally, aging worldwide continues to generate demands for geriatric-focused customized furniture.
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Key Hospital Furniture Market Players:
Stryker
Invacare Corp.
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
Key Market Segments
By Product
.Beds
.Tables
.Seating Furniture
.Trolley and Stretchers
.Cabinet and Lockers
.Others
By Sales Channel
.Offline
.Online
By Application
.Physician
.Patient
.Staff
By End-User
.Homecare
.Hospital and Clinic
.Ambulatory Surgical Centers
By Product, Beds Segment Leads the Hospital Furniture Market
In 2023, the Beds segment dominated the hospital furniture market, which accounted for the largest revenue share due to their critical use in patient care and recovery. The segment was influenced primarily by the growing demand for sophisticated hospital beds catering to patients' comfort, mobility, and safety. Higher hospital admissions, especially in chronic illnesses and post-operative care, added more momentum to the demand for specialist beds that come with features like adjustable height, smart monitoring, and pressure relief technologies. Also, growing healthcare infrastructure investments across emerging economies fuelled high-quality multifunctional bed procurements.
By Application, Patient Furniture Segment Leads the Hospital Furniture Market with
In 2023, the Patient Furniture segment dominated the hospital furniture market, securing the highest revenue share, because it plays an essential role in improving patients' comfort and care experience. It is driven mainly by the increasing adoption of ergonomic furniture like recliners and overbed tables, created to make a better patient experience that may extend their stay within hospitals. Increased focus on patient-centric healthcare, along with an increasing demand for customized and multi-functional furniture, further accelerated the growth of the segment. Moreover, material durability and infection-resistant designs are advancing, making patient furniture a crucial investment for hospitals around the world.
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By Sales Channel, Offline Segment Leads Hospital Furniture Market in 2023, While Online Segment Poised for Rapid Growth
In 2023, the segment dominated the hospital furniture market with the largest revenue share, driven by the need for direct, hands-on inspection of furniture quality and design. Healthcare providers preferred offline channels to ensure durability, comfort, and compliance with strict medical standards. Established supplier relationships and bulk purchasing benefits further reinforced the dominance of traditional sales networks in the market.
The Online segment, however, is projected to grow at the fastest CAGR from 2024 to 2032, fueled by the rising adoption of digital procurement solutions. Healthcare facilities are increasingly drawn to the convenience of online platforms, offering extensive product options, competitive pricing, and quick delivery services. Advanced tools like virtual showrooms and detailed product descriptions are making it easier for buyers to evaluate options remotely.
North America Leads Hospital Furniture Market in 2023, While Asia Pacific Set for Fastest Growth
In 2023, North America led the hospital furniture market with the highest revenue share, owing to its well-established healthcare infrastructure and significant investments in facility upgrades. High demand for advanced, ergonomic furniture driven by the prevalence of chronic diseases further supported its dominance. The presence of key market players and robust government funding also reinforced North America's leadership.
The Asia Pacific region is projected to grow at the fastest CAGR from 2024 to 2032, driven by rapid urbanization and increasing healthcare investments. Growing demand for cost-effective yet innovative furniture in emerging markets like India and China is accelerating growth. Additionally, the rise in private hospitals and medical tourism is creating new opportunities, making the Asia Pacific a key driver of future market expansion.
Key Developments in the Hospital Furniture Market
.In 2024, Stryker inaugurated its Customer Experience Center at the Stryker Global Technology Center in Gurgaon, showcasing advanced medical equipment such as ICU beds and ambulance cots, while fostering innovation and collaboration in healthcare.
.On October 30, 2024, Herman Miller updated its Mirra 2 Chair and Stool, reducing its carbon footprint and enhancing ergonomics through material innovation.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Hospital Furniture Market by Product
8. Hospital Furniture Market by Sales Channel
9. Hospital Furniture Market by Application
10. Hospital Furniture Market by Application
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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SNS Insider Pvt. Ltd
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