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Global Medical Furniture Market Size (2024 - 2029)

The hospital furniture market is experiencing growth driven by several factors, including the increased demand for medical furniture due to the challenges posed by the COVID-19 pandemic. The need for hospital beds, stretchers, and mattresses surged as healthcare systems expanded to accommodate more patients. Additionally, the rising prevalence of chronic diseases and the growing geriatric population are contributing to the market's expansion, as these factors lead to a higher demand for medical furniture to support diagnosis and treatment. Furthermore, the increase in road traffic accidents, resulting in more hospital admissions, is also boosting the market size.

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Market Size of Global Medical Furniture Industry

Global Medical Furniture Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 47.24 Billion
Market Size (2029) USD 34.16 Billion
CAGR (2024 - 2029) 6.70 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Medical Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Medical Furniture Market Analysis

The Global Medical Furniture Market size is estimated at USD 47.24 billion in 2024, and is expected to reach USD 34.16 billion by 2029, at a CAGR of 6.70% during the forecast period (2024-2029).

Technological innovations, rising healthcare demands, and strategic expansions by key players are rapidly evolving the medical furniture market.

Innovation and the emergence of smart furniture stand out as dominant trends in the medical furniture market. A prime illustration is the Smart Ward ecosystem unveiled at Singapore's Alexandra Hospital, as reported in July 2023. This system boasts connected smart beds featuring cutting-edge monitoring technologies like contactless vital sign sensors and fall-prevention alarms. Such advancements bolster patient safety and enhance operational efficiency in healthcare settings through real-time monitoring and data collection.

Integrating Internet of Medical Things (IoMT) technologies into medical furniture marks a significant shift towards more interactive and responsive healthcare environments. Hospitals are increasingly embracing smart furniture to boost patient outcomes and streamline workflows.

In May 2024, China's National Health Commission set ambitious targets to boost the number of intensive care beds to 15 per 100,000 individuals. Additionally, they plan to ensure that by the end of 2025, 10 beds per 100,000 can be rapidly converted for intensive care. As of late 2022, China had around 181,000 intensive care beds, translating to 12.8 per 100,000. This initiative underscores China's strong commitment to bolstering its healthcare capacity, which will undoubtedly require substantial medical furniture and equipment investments.

Market developments are highlighted by trends such as new product launches and improvements in health infrastructure. In August 2023, MeddeyGo.com expanded its e-commerce platform by introducing an enhanced category for hospital furniture. The expanded hospital furniture portfolio focuses on essential areas, including operating rooms, consulting zones, patient rooms, and transfer solutions. This move underscores the increasing trend of online procurement of medical supplies, enhancing accessibility for healthcare providers and emphasizing the growing importance of e-commerce in the medical field.

Similarly, in May 2024, the Public Health and Population Office in Taiz province, supported by the Tamdeen Youth Foundation, distributed essential furniture and medical equipment in Yemen. Beneficiaries included the Al-Nour Center and Nana Health Unit in Maqbana District. This effort highlights the commitment to uplift healthcare infrastructure in neglected regions and emphasizes the demand for durable medical furniture to enhance patient care.

The medical furniture market stands at a crucial crossroads, driven by technological strides, strategic expansions, and heightened investments in healthcare infrastructure. With global healthcare demands on the rise, the importance of innovative and functional medical furniture is poised to grow, signaling a period of continued expansion and evolution for the market in the coming years. However, escalating raw material costs for medical furniture present a potential hurdle to this growth path. These increasing costs could significantly impact profit margins and overall market expansion.

Medical Furniture Industry Segmentation

As per the scope of this report, medical furniture includes all types of chairs, beds, and other furniture used in a hospital or healthcare setting. Medical furniture is usually purchased based on its feasibility, durability, ergonomics, and aesthetics.

The medical furniture market is segmented by product, manufacturing material, end users, and geography. By product, the market is segmented by beds, cabinets, chairs, lockers, and others. The market is segmented into metal, plastics, and wood by manufacturing material. By end user, the market is segmented by hospitals, ambulatory surgical centers, and others. By geography, the market is segmented by North America, Europe, Asia-Pacific, Middle-East and Africa, and South America. The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD) for the segments mentioned above.

By Product
Beds
Cabinets
Chairs
Lockers
Others
By Manufacturing Material
Metal
Plastics
Wood
By End User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Medical Furniture Market Size Summary

The hospital furniture market is experiencing significant growth, driven by the increasing demand for medical furniture such as hospital beds, stretchers, and mattresses. This demand has been amplified by the challenges posed by the COVID-19 pandemic, which necessitated large-scale expansions of healthcare facilities to accommodate patients. The rise in chronic diseases, including cancer, cardiovascular conditions, and diabetes, is further propelling the market, as these conditions require extensive medical care and infrastructure. Additionally, the growing geriatric population and the prevalence of age-related diseases are contributing to the increased need for hospital furniture, as more patients require hospitalization. The market is also witnessing a surge in demand due to the rising number of road traffic accidents, which lead to more hospital admissions and, consequently, a greater need for medical furniture.

In North America, the market is bolstered by advanced manufacturing techniques and technological innovations in medical furniture, particularly in the wheelchair segment. The high awareness of novel medical furniture models among the population further supports market growth in this region. The presence of major players such as Getinge, Hill-Rom Holdings, and Stryker Corporation, among others, adds to the competitive landscape of the market. These companies are actively introducing innovative products, such as Invacare Corporation's Birdie Evo XPLUS and LINET's Sprint 200 stretcher, to enhance patient care and transportation. The fragmented nature of the market, coupled with the increasing investment in healthcare, is expected to drive further expansion and competition in the hospital furniture sector.

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Global Medical Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Chronic Diseases Resulting in Increase in Hospital Admissions

      2. 1.2.2 Increase in the Number of Injuries

      3. 1.2.3 Rising Number of Hospitals and Healthcare Facilities

    3. 1.3 Market Restraints

      1. 1.3.1 Increasing Cost of Raw Materials and Increasing Use of Multipurpose Furniture

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value – USD)

    1. 2.1 By Product

      1. 2.1.1 Beds

      2. 2.1.2 Cabinets

      3. 2.1.3 Chairs

      4. 2.1.4 Lockers

      5. 2.1.5 Others

    2. 2.2 By Manufacturing Material

      1. 2.2.1 Metal

      2. 2.2.2 Plastics

      3. 2.2.3 Wood

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Ambulatory Surgical Centers

      3. 2.3.3 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Global Medical Furniture Market Size FAQs

The Global Medical Furniture Market size is expected to reach USD 47.24 billion in 2024 and grow at a CAGR of 6.70% to reach USD 34.16 billion by 2029.

In 2024, the Global Medical Furniture Market size is expected to reach USD 47.24 billion.

Global Medical Furniture Market Report Snapshots

Medical Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)