Allied Market Research published a report, titled, βMortuary Equipment Market By Product (Body transporters and trays, Autopsy tables, Refrigerators, Mortuary cabinets, Crematoriums, Other), By Type (Manual, Automated), By End User (Hospitals, Forensic labs, Research organizations, Medical educational institutions): Global Opportunity Analysis and Industry Forecast, 2021β2031β. According to the report, the global mortuary equipment industry was estimated at $863.8 million in 2021, and is anticipated to hit $1.6 billion by 2031, registering a CAGR of 6.5% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.
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Covid-19 scenario:
Rise in mortality rate in most countries increased the demand for mortuary equipment. The fact that this equipment has been proven to be very helpful in safely disposing of dead bodies impacted the global mortuary equipment market positively.
Surge in demand for advanced mortuary equipment boosted the market even more.
Segmentation Analysis of the Industry:
On the basis of product, the mortuary equipment market is segmented into body transporters and trays, autopsy tables, refrigerators and freezers, mortuary cabinets, crematorium and others. The body transporters and trays segment accounted for the highest Mortuary Equipment Market share in 2021. The dominance of this segment can be attributed to an increase in mortality rate and rise in adoption of the advanced body transportation systems and trays.
On the basis of type, the market is segmented into manual and automated, the manual segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to an increase in demand for body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, which are used to preserve and keep the dead bodies, are among the parts of mortuary equipment that are in greater demand as the death rate rises are the key factors that drive the growth of the market in upcoming years.
By end user, the market is segmented into hospitals, forensic labs, research organizations and medical research institutes. The hospitalβs segment dominated the market in 2021, and is anticipated to lead during the forecast period with a CAGR of 7.5%, owing to an increase in a number of private hospitals & mortuaries and high adoption rate of advanced technologies provided by private hospitals.
North America accounted for a majority of the Mortuary Equipment Industry share in 2021 and is anticipated to remain dominant during the forecast period. Owing to the availability of private mortuaries, high adoption rate for technologically advanced products, fueling the demand for cadaver storage facilities.
Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period, owing to the rise in the geriatric population, increase in the prevalence of and deaths associated with it, which drives the growth of the market.
The key players that operate in the mortuary equipment market are Barber of Sheffield, C.F. di Ciro Fiocchetti & C. s.n.c, EIHF Isofroid, Ferno-Washington Inc., Hickey & Co., HYGECO, KUGEL Medical GmbH & Co. KG, LEEC Ltd, Mopec Inc., Mortech Manufacturing Company Inc., Mortuary Lift Company, SM Scientific Instruments Pvt. Ltd., SOVA Motion, Span Surgical Co, and Thermofisher Scientific Inc.
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Key findings of the study
By product, the body transporters and trays segment was the highest contributor to the market in 2021.
By type, the manual segment was the highest contributor in 2021.
By end user, the hospitals dominated the market in 2021 and is expected to continue this trend during the forecast period.
By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
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