Medical Furniture Market 2022 | North American segment to have dominance in the market with highest market share

Medical furniture is an essential element of any healthcare infrastructure like hospitals, clinics, specialty care centers. Medical furniture is an umbrella term referring all crucial goods and materials including movable assets or stationaries used in hospitals, diagnostic labs, physicians’ offices, waiting area, and patient ward and clinics to assist patients or doctors. Bariatrics, cleanability, ergonomics and aesthetics are among the various factors that are considered by the healthcare facilities before investing into the medical furniture. The healthcare infrastructure is designed by considering various attributes such as mobility, wide applicability and interchangeability of the furniture as a precautionary to adapt in certain immediate changes of emergency. Healthcare providers and facilities prioritize firstly, patient satisfaction with respect to therapeutics; secondly, the efforts for reducing the hospital-acquired infections and lastly, selection of furniture considering the bariatric patients. The infrastructure and the architectural design of a hospital facility, including its technology and equipment have effect on patient safety and health. Cognitive psychologists have recognized the significant impact on safety and human performance due to physical environment. By emphasizing on better facility design and reduction in latent conditions and cognitive failures, patient safety will improve notably.

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COVID – 19 scenario analysis:  

  • The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
  • Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
  • Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2
  • Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
  • Majority of the medical devices manufacturers have started mass production of ventilators in order to reduce the gap between required ventilators and available ventilators

Technological advancements in field of infrastructure and the architectural design of a healthcare facilities all over the globe will lead the medical furniture market. The availability of well-equipped and developed hospitals, with best in class medical furniture, even the government run as well as state hospitals are equipped with the essential and updated infrastructure and medical furniture in the well developed economies. Additionally, regulatory authorities in developing economies like China have specific rules and regulations regarding healthcare infrastructure which ultimately result in hospital infrastructure development and imparts superior quality hospital facilities to the patients. High people preference towards hospitals owing to increasing diseases fuels the demand for medical furniture thereby pushing the industry growth.

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The increasing number of hospitals, specialty clinics, diagnostic centers and other healthcare service providers coupled with increasing number of fatal injury cases owing to factors such as rising road accidents and growing prevalence of chronic disorders are the prime factors in surging the demand for hospitalization which will positively impact the medical furniture market. Additionally, the rise in cases of physically challenged individuals requiring medical assistance and treatment often is one of the major factors behind rising number of hospitals in developed nations. According to Statista, the number of hospitals in 2009 was 5,795 and show meagre decline in 2012 shrinking to 5,723 in the U.S. These hospitals would need to update their furniture as well as buy some new furniture in the near future to meat industry standards. Similarly, as per Eurostat, rising healthcare expenditures and patient pool owing to increase in diseases would cause more hospital visits by the population resulting in monetary inflow in hospitals which will enhance their buying capabilities. Thus these factors will lead to boost in the growth for medical furniture market.

Key segments covered:

  Product

  • Beds
  • Chairs and Tables
  • Trolleys and Stretchers
  • Cabinets and Lockers

 Distribution Channel

  • Online
  • Offline

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