Hospital Furniture Market (Product: Beds, Patient Lifts, Tables, Chairs, Medical Carts, Stretchers, and Others; and End User: Hospitals & Specialty Clinics, Ambulatory Surgery Centers, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Description

Bamboo Furniture Solves Issue of Scarcity of Beds during COVID-19 Pandemic

The coronavirus (COVID-19) pandemic has exposed the vulnerability of hospitals worldwide. This has caused a scarcity in resources such as hospital furniture and PPE (Personal Protective Equipment). Hence, research teams and product designers in the hospital furniture market are putting their creative minds in action to innovate in beds and wheelchair. For instance, Ravi Mokashi Punekar- a professor and product designer at IIT-Guwahati’s Department of Design, has constructed beds, examination tables for patients, and IV (Intravenous) fluid stands from bamboo, owing to its sustainability. Thus, manufacturers in the hospital furniture market should take cues from such innovators to boost their credibility during the ongoing COVID-19 era.

Hospitals in India are suffering from a major shortage for beds and other equipment. In such cases, sustainable innovations are receiving their fair share of limelight, where beds and computer tables made from bamboo can be used in isolation wards and quarantine centers to house large number of patients.

Coronavirus Pandemic Fuels Demand for Easy-to-Manage Quarantine Beds

As the COVID-19 cases continue to escalate in India, manufacturers are capitalizing on the unprecedented demand for beds and partitions. For instance, Nilkamal-an India-based furniture brand has introduced exclusive products such as the COVID Quarantine Bed, VirusGUARD partition, and the 7 position isolation bed to meet urgent requirements of hospitals. Due to the overwhelming number of COVID-19 cases, hospitals are cash-strapped. Hence, manufacturers are introducing beds that are economical and only take minutes to assemble.

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Manufacturers are scurrying to increase their production capacities to meet the emerging need gap caused by the coronavirus pandemic. This has helped manufacturers to secure loyal business relations with hospitals and will help manufacturers to have long-term contractual deals with hospitals in the future. Companies have been working round-the-clock to devise unique hospital furniture solutions that are an outcome of rigorous R&D. They are developing innovative COVID quarantine beds that are easy to store, use, and transport.

Ergonomically-sound Furniture Adapt to Ever-evolving Patient Requirements

The hospital furniture market was valued at US$ 9.5 Bn in 2019 and is projected to reach a value of US$ 16.1 Bn by the end of 2030. As such, the Indian healthcare sector is advancing at a brisk pace, since stakeholders are increasing their expenditure capacities and bettering the healthcare settings in tier 1 & tier 2 cities. However, most hospital furniture and equipment are often incompatible to the changing needs of patients and emerging as a challenge for furniture manufacturers. Hence, manufacturers in the hospital furniture market are increasing their focus in ergonomically-sound furniture to suit the needs of patients. For instance, in August 2019, the Godrej Interio Healthcare Experience Center was launched in India where the two-in-one manual and motorized bed was highly publicized at the event.

High Ratio of Patients to Available Facilities Creates Revenue Opportunities in India

Providing utmost patient comfort and safety are key takeaways that manufacturers in the hospital furniture market have focused their innovations on. Companies, such as Inspace Healthcare Furniture-a hospital furniture manufacturer in Chennai, India, are increasing their production capabilities to deliver hassle-free availability of furniture and equipment even at a short notice. Quality assurance in furniture is another key aspect, which is helping manufacturers gain regional and global recognition.

Companies in the hospital furniture market are tapping into value-grab opportunities in developing economies such as India, since the ratio of patients to the facilities available is significantly low. Hence, manufacturers are capitalizing on this opportunity and are innovating in cutting-edge furniture that enhances the healing environment in hospitals. They are increasing awareness about preventive maintenance practices to extend the lifespan of hospital furniture.

Complete Interior Concepts Crucial in Designing High-end Care Beds for Patients

Emerging players in the hospital furniture market are increasing their focus in both sleeping and sitting furniture. For instance, high-end healthcare furniture provider Moments Furniture is acquiring proficiency in functional designs for products to manifest comfort for hospital patients. Such innovations are bolstering growth for the hospital furniture market, which is slated to register a high CAGR during the assessment period. As such, hospital furniture manufacturers are broadening their portfolio in complete interior concepts made, especially for the care sector whilst keeping the ergonomics and comfort in mind.

Manufacturers are collaborating with experts in the field of hospital furniture in order to gain a competitive edge over other market players. They are setting their collaboration wheels in motion to partner with specialists in high-end care beds integrated with the cutting-edge technology.

High Obese Population in U.S. Fuels Innovations in Hospital Furniture

The trend of contract production is becoming increasingly commonplace in the hospital furniture market. The concept of personalized furniture is growing popular in the market landscape, with larger emphasis on the quality and refined finish of products. Manufacturers are adopting well thought-out concepts that revolve around the look, comfort, and hospitality of end users. High-performing hospital furniture is helping manufacturers gain global recognition. Washington-based manufacturer, Everett Office Furniture, is increasing its R&D efforts to develop high-performing hospital furniture since a significant percentage of the U.S. population is obese.

Traditional hospital furniture has disadvantages of causing skin ulcers to patients who are overweight, owing to extra furniture pressure on the already fragile skin. Hence, companies are increasing efforts to improve the functionality and aesthetics of healthcare furniture for obese. This bodes well with hospitals who are investing in furniture that accommodates several hundred pounds of patient weight.

Analysts’ Viewpoint

Leading furniture groups in India are earmarking funds for community support and relief initiatives amidst the coronavirus pandemic to focus on the betterment of public health and essential supplies in hospitals. In order to enhance the interiors of hospitals, end users are investing in visually appealing hospital furniture, which is replacing monotone furniture. As such, conventional hospital furniture for the obese is prone to risks of breaking underneath due to excessive weight of patients. Hence, companies should develop high-performing bariatric healthcare furniture, which is capable of withstanding heavy weight. Manufacturers should focus on sustainable designs for furniture to reduce VOC (Volatile Organic Compounds) emission from non-sustainable materials.

Hospital Furniture Market: Overview

The global hospital furniture market was valued at US$ 9.5 Bn in 2019 and is projected to expand at a high CAGR from 2020 to 2030. Significant prevalence and increase in incidence rate of chronic diseases, rise in global geriatric population, and growth in disabled population across the globe are anticipated to fuel the expansion of the global hospital furniture market.

Hospital furniture is an integral part of any healthcare facility, and it comprises a wide range of furniture ranging from examination tables to surgery tables, patient beds, chairs, and patient waiting room furniture

Hospital furniture aids healthcare facilities to provide the best possible healthcare services with utmost safety and comfort to both healthcare staff as well as patients

Technological advancements coupled with integrated hospital furniture and medical devices have led to the development of advanced healthcare furniture to cater to the specific needs of patient groups

Key hospital furniture comprises hospital beds, patient lifts, chairs, stretchers, tables, and medical carts

The global hospital furniture market is expected to be driven by high prevalence and increase in incidence rate of chronic diseases, and rapidly increasing geriatric population across the globe

The number of people with chronic diseases continues to surge across the world. This escalates the need for safe patient handling equipment, from stretcher chairs to perform medical procedures in emergency, to medical beds for after-care of procedures or long-term care. Cardiovascular disease is the leading cause of deaths globally. The population afflicted with heart ailments increases every year. In 2016, data from the CDC indicated that around 26.7 million, or 11.5% adults in the U.S. were diagnosed with heart disease.

Increase in trauma and accident cases across the globe is another driver for the stretcher chairs segment. According to the World Health Organization (WHO), around 1.25 million people are killed in road accidents across the globe every year.

Hospital Furniture Market: Segmentation

The global hospital furniture market has been segmented based on product, end user, and region

In terms of product, the global hospital furniture market has been categorized into beds, patient lifts, tables, chairs, medical carts, stretchers, and others. The beds segment is projected to lead the global hospital furniture market during the forecast period. The segment has been classified into ICU beds, fowler beds, plain hospital beds, pediatric beds, mattress, and others.

The patient lifts segment has been further classified into manual lifts, power lifts, stand up lifts, heavy duty lifts, and overhead track lifts. The tables segment has been sub-segmented into examination tables, obstetric tables, surgical tables, and others.

Based on end user, the global hospital furniture market has been divided into hospitals & specialty clinics, ambulatory surgery centers, and others. The hospitals & specialty clinics segment dominated the global hospital furniture market in 2019 and the trend is expected to continue from 2020 to 2030.

Hospital Furniture Market: Regional Segmentation

In terms of region, the global hospital furniture market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America dominated the global hospital furniture market in 2019 and is likely to lose market share by the end of 2030. Dominance of North America can be attributed to well-established healthcare infrastructure, early adoption of technologically advanced products, steep rise in hospitalization among population in North America due to various chronic disorders, and presence of large number of domestic as well as multinational players operating in the market.

Asia Pacific is projected to be the fastest growing market for hospital furniture during the forecast period. Japan dominated the market in the region in 2019. The hospital furniture market in India is anticipated to expand at a high CAGR during the forecast period.

The hospital furniture market in Latin America and Middle East & Africa is expected to expand at a high CAGR from 2020 to 2030

Hospital Furniture Market: Major Players

Key players operating in the global hospital furniture market are 

  • Stryker Corporation
  • Hill-Rom Holdings Inc.
  • Invacare Corporation
  • ARJO AB
  • Steris Plc.
  • Drive DeVilbiss Healthcare
  • GF Health Products, Inc.
  • Medline Industries, Inc.
  • NAUSICAA Medical
  • Sunrise Medical (US) LLC

These players focus on adopting organic and inorganic growth strategies to expand their facility footprint. They have adopted strategies such as collaborations & acquisitions, expansion of geographic footprint, and investment in facility infrastructure in order to be competitive in the global hospital furniture market.

Key Questions Answered in Global Hospital Furniture Market Report

  • What is the sales/revenue generated by different hospital furniture across all the regions during the forecast period?
  • What is the volume (Units) of different hospital furniture across all regions during the forecast period?
  • Which is the most attractive market, in terms of product and end user from 2020 to 2030?
  • What is the impact of COVID-19 pandemic on the global hospital furniture market?
  • What are the major drivers, restraints, and opportunities in the global market?
  • Which region is set to expand at the fastest CAGR during the forecast period?
  • Which segment will have the highest revenue globally in 2030 and which segment will expand at the fastest CAGR during the forecast period?

Hospital Furniture Market – Segmentation

Product

  • Beds
  • ICU Beds
  • Fowler Beds
  • Plain Hospital Beds
  • Pediatric Bed
  • Mattress
  • Others
  • Patient Lift
  • Manual Lifts
  • Power Lifts
  • Stand Up Lifts
  • Heavy Duty Lifts
  • Overhead Track Lifts
  • Tables
  • Examination Tables
  • Obstetric Tables
  • Surgical Tables
  • Others
  • Chairs
  • Medical Carts
  • Stretchers
  • Others

End User

  • Hospitals & Specialty Clinics
  • Ambulatory Surgery Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Hospital Furniture Market

4. Market Overview

    4.1. Introduction

        4.1.1. Hospital Furniture Introduction

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Hospital Furniture Market Analysis and Forecasts, 2018–2030

        4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights 

    5.1. List of Distributors 

    5.2. Pricing Analysis 

    5.3. Top Players operating in the Market 

    5.4. COVID-19 Pandemic Impact on Industry (Value Chain and Short / Mid / Long-term Impact) 

    5.5. Epidemiology of Chronic Diseases, by Key Countries/Region 

6. Global Hospital Furniture Market Analysis and Forecasts, By Product 

    6.1. Introduction & Definition 

    6.2. Key Findings / Developments 

    6.3. Market Value & Volume Forecast by Product, 2018–2030

        6.3.1. Beds

            6.3.1.1. ICU Beds 

            6.3.1.2. Fowler Beds 

            6.3.1.3. Plain Hospital Beds 

            6.3.1.4. Pediatric Beds 

            6.3.1.5. Mattress 

            6.3.1.6. Others 

        6.3.2. Patient Lifts 

            6.3.2.1. Manual Lifts

            6.3.2.2. Power Lifts

            6.3.2.3. Stand Up Lifts

            6.3.2.4. Heavy Duty Lifts

            6.3.2.5. Overhead Track Lifts 

        6.3.3. Tables

            6.3.3.1. Examination Tables

            6.3.3.2. Obstetric Tables

            6.3.3.3. Surgical Tables

            6.3.3.4. Others

        6.3.4. Chairs

        6.3.5. Medical Carts

        6.3.6. Stretchers

        6.3.7. Others

    6.4. Market Attractiveness by Product 

7. Global Hospital Furniture Market Analysis and Forecasts, By End User 

    7.1. Introduction & Definition

    7.2. Key Findings / Developments

    7.3. Market Value Forecast by End User, 2018–2030

        7.3.1. Hospitals & Specialty Clinics

        7.3.2. Ambulatory Surgery Centers

        7.3.3. Others

    7.4. Market Attractiveness by End User 

8. Global Hospital Furniture Market Analysis and Forecasts, By Region

    8.1. Key Findings

    8.2. Market Value Forecast by Region

        8.2.1. North America 

        8.2.2. Europe 

        8.2.3. Asia Pacific 

        8.2.4. Latin America 

        8.2.5. Middle East & Africa 

    8.3. Market Attractiveness by Country/Region

9. North America Hospital Furniture Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. Market Value & Volume Forecast by Product, 2018–2030

        9.2.1. Beds

            9.2.1.1. ICU Beds

            9.2.1.2. Fowler Beds

            9.2.1.3. Plain Hospital Beds

            9.2.1.4. Pediatric Beds

            9.2.1.5. Mattress

            9.2.1.6. Others

        9.2.2. Patient Lifts

            9.2.2.1. Manual Lifts

            9.2.2.2. Power Lifts

            9.2.2.3. Stand Up Lifts

            9.2.2.4. Heavy Duty Lifts

            9.2.2.5. Overhead Track Lifts 

        9.2.3. Tables

            9.2.3.1. Examination Tables

            9.2.3.2. Obstetric Tables

            9.2.3.3. Surgical Tables

            9.2.3.4. Others

        9.2.4. Chairs

        9.2.5. Medical Carts

        9.2.6. Stretchers

        9.2.7. Others

    9.3. Market Value Forecast by End-user, 2018–2030

        9.3.1. Hospitals & Specialty Clinics

        9.3.2. Ambulatory Surgery Centers

        9.3.3. Others

    9.4. Market Value Forecast by Country, 2018–2030

        9.4.1. U.S.

        9.4.2. Canada

    9.5. Market Attractiveness Analysis 

        9.5.1. By Product 

        9.5.2. By End-user 

        9.5.3. By Country

10. Europe Hospital Furniture Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Market Value & Volume Forecast by Product, 2018–2030

        10.2.1. Beds

            10.2.1.1. ICU Beds

            10.2.1.2. Fowler Beds

            10.2.1.3. Plain Hospital Beds

            10.2.1.4. Pediatric Beds

            10.2.1.5. Mattress

            10.2.1.6. Others

        10.2.2. Patient Lifts

            10.2.2.1. Manual Lifts

            10.2.2.2. Power Lifts

            10.2.2.3. Stand Up Lifts

            10.2.2.4. Heavy Duty Lifts

            10.2.2.5. Overhead Track Lifts 

        10.2.3. Tables

            10.2.3.1. Examination Tables

            10.2.3.2. Obstetric Tables

            10.2.3.3. Surgical Tables

            10.2.3.4. Others

        10.2.4. Chairs

        10.2.5. Medical Carts

        10.2.6. Stretchers

        10.2.7. Others

    10.3. Market Value Forecast by End-user, 2018–2030

        10.3.1. Hospitals & Specialty Clinics

        10.3.2. Ambulatory Surgery Centers

        10.3.3. Others

    10.4. Market Value Forecast by Country/Sub-Region, 2018–2030

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Spain

        10.4.5. Italy

        10.4.6. Rest of Europe

    10.5. Market Attractiveness Analysis 

        10.5.1. By Product 

        10.5.2. By End-user

        10.5.3. By Country/Sub-Region

11. Asia Pacific Hospital Furniture Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Market Value & Volume Forecast by Product, 2018–2030

        11.2.1. Beds

            11.2.1.1. ICU Beds

            11.2.1.2. Fowler Beds

            11.2.1.3. Plain Hospital Beds

            11.2.1.4. Pediatric Beds

            11.2.1.5. Mattress

            11.2.1.6. Others

        11.2.2. Patient Lifts

            11.2.2.1. Manual Lifts

            11.2.2.2. Power Lifts

            11.2.2.3. Stand Up Lifts

            11.2.2.4. Heavy Duty Lifts

            11.2.2.5. Overhead Track Lifts

        11.2.3. Tables

            11.2.3.1. Examination Tables

            11.2.3.2. Obstetric Tables

            11.2.3.3. Surgical Tables

            11.2.3.4. Others

        11.2.4. Chairs

        11.2.5. Medical Carts

        11.2.6. Stretchers

        11.2.7. Others

    11.3. Market Value Forecast by End-user, 2018–2030

        11.3.1. Hospitals & Specialty Clinics

        11.3.2. Ambulatory Surgery Centers

        11.3.3. Others

    11.4. Market Value & Volume Forecast by Country/Sub-Region, 2018–2030

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific

    11.5. Market Attractiveness Analysis 

        11.5.1. By Product 

        11.5.2. By End-user 

        11.5.3. By Country/Sub-Region

12. Latin America Hospital Furniture Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Market Value & Volume Forecast by Product, 2018–2030

        12.2.1. Beds

            12.2.1.1. ICU Beds

            12.2.1.2. Fowler Beds

            12.2.1.3. Plain Hospital Beds

            12.2.1.4. Pediatric Beds

            12.2.1.5. Mattress

            12.2.1.6. Others

        12.2.2. Patient Lifts

            12.2.2.1. Manual Lifts

            12.2.2.2. Power Lifts

            12.2.2.3. Stand Up Lifts

            12.2.2.4. Heavy Duty Lifts

            12.2.2.5. Overhead Track Lifts 

        12.2.3. Tables

            12.2.3.1. Examination Tables

            12.2.3.2. Obstetric Tables

            12.2.3.3. Surgical Tables

            12.2.3.4. Others

        12.2.4. Chairs

        12.2.5. Medical Carts

        12.2.6. Stretchers

        12.2.7. Others

    12.3. Market Value Forecast by End-user, 2018–2030

        12.3.1. Hospitals & Specialty Clinics

        12.3.2. Ambulatory Surgery Centers

        12.3.3. Others

    12.4. Market Value Forecast by Country/Sub-Region, 2018–2030

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America

    12.5. Market Attractiveness Analysis 

        12.5.1. By Product 

        12.5.2. By End-user 

        12.5.3. By Country/Sub-Region

13. Middle East & Africa Hospital Furniture Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Market Value & Volume Forecast by Product, 2018–2030

        13.2.1. Beds

            13.2.1.1. ICU Beds

            13.2.1.2. Fowler Beds

            13.2.1.3. Plain Hospital Beds

            13.2.1.4. Pediatric Beds

            13.2.1.5. Mattress

            13.2.1.6. Others

        13.2.2. Patient Lifts

            13.2.2.1. Manual Lifts

            13.2.2.2. Power Lifts

            13.2.2.3. Stand Up Lifts

            13.2.2.4. Heavy Duty Lifts

            13.2.2.5. Overhead Track Lifts 

        13.2.3. Tables

            13.2.3.1. Examination Tables

            13.2.3.2. Obstetric Tables

            13.2.3.3. Surgical Tables

            13.2.3.4. Others

        13.2.4. Chairs

        13.2.5. Medical Carts

        13.2.6. Stretchers

        13.2.7. Others

    13.3. Market Value Forecast by End-user, 2018–2030

        13.3.1. Hospitals & Specialty Clinics

        13.3.2. Ambulatory Surgery Centers

        13.3.3. Others

    13.4. Market Value Forecast by Country/Sub-Region, 2018–2030

        13.4.1. GCC Countries

        13.4.2. South Africa

        13.4.3. Rest of Middle East & Africa

    13.5. Market Attractiveness Analysis 

        13.5.1. By Product 

        13.5.2. By End-user 

        13.5.3. By Country/Sub-Region

14. Competition Landscape

    14.1. Market Player – Competition Matrix (By Tier and Size of companies)

    14.2. Market Share Analysis by Company (2019)

    14.3. Company Profiles

        14.3.1. Stryker Corporation 

            14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.1.2. Product Portfolio

            14.3.1.3. SWOT Analysis

            14.3.1.4. Strategic Overview

        14.3.2. Hill-Rom Holdings, Inc. 

            14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.2.2. Product Portfolio

            14.3.2.3. SWOT Analysis

            14.3.2.4. Strategic Overview

        14.3.3. Invacare Corporation 

            14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.3.2. Product Portfolio

            14.3.3.3. SWOT Analysis

            14.3.3.4. Strategic Overview

        14.3.4. Drive DeVilbiss Healthcare 

            14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.4.2. Product Portfolio

            14.3.4.3. SWOT Analysis

            14.3.4.4. Strategic Overview

        14.3.5. GF Health Products, Inc. 

            14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.5.2. Product Portfolio

            14.3.5.3. SWOT Analysis

            14.3.5.4. Strategic Overview

        14.3.6. ARJO AB 

            14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.6.2. Product Portfolio

            14.3.6.3. SWOT Analysis

            14.3.6.4. Strategic Overview

        14.3.7. STERIS plc. 

            14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.7.2. Product Portfolio

            14.3.7.3. SWOT Analysis

            14.3.7.4. Strategic Overview

        14.3.8. Medline Industries, Inc. 

            14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.8.2. Product Portfolio

            14.3.8.3. SWOT Analysis

            14.3.8.4. Strategic Overview

        14.3.9. NAUSICAA Medical 

            14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.9.2. Product Portfolio

            14.3.9.3. SWOT Analysis

            14.3.9.4. Strategic Overview

        14.3.10. Sunrise Medical (US) LLC

            14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.10.2. Product Portfolio

            14.3.10.3. SWOT Analysis

            14.3.10.4. Strategic Overview

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