Medical Furniture: Rising Healthcare Expenditure & Growing Patient Base uptake Demand

Medical Furniture: Rising Healthcare Expenditure & Growing Patient Base uptake Demand

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new market intelligence report by Transparency Market Research studies the historical development of the medical furniture market and presents reliable growth scenarios for the future. The report is titled “Medical Furniture Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.

The global medical furniture market is anticipated to witness substantial growth on account of growing medical infrastructure across the world and increasing technological advancements in hospital furniture. Governments of emerging economies are focusing on improving quality of patient care provided in the respective countries. This intent is reflected in the adoption of advanced technologies in the medical field as well as increasing investments in the research and development activities. In addition, hospitals and clinics are upgrading their system with modern facilities.

The report offers comprehensive overview of the global furniture market covering various crucial factors impacting the nature of the market. It also discusses contribution of the global leaders in the field of medical furniture and prevailing opportunities that are likely to support market growth in the near future.

The modernization of healthcare facilities and rising number of hospitals across the developing nations are the primary driving factors for the global medical furniture market. This expansion of hospitals would increase the demand of hospital furniture in the coming years. Additionally, growing patient base and increasing healthcare expenditure would encourage purchasing capabilities of hospitals and eventually help in the market progress. The growing number of aged population increases opportunities of the public health system and medical services due to their increased susceptibility to diseases.

On the other side, high cost associated with furniture products along with long life of the same have been holding the markets growth to an extent. However, governments across the globe are increasing healthcare expenditure in order to solve the issue of high cost of furniture products.

The global medical furniture market can be classified on the basis of types of products, application, and geography. Based on types of products, the market can be divided into scrub sinks, medical tablets and carts, cabinet and casework, medical hampers, beds, stretchers, chairs, medical support, blood drawing chair, inspection beds, kick buckets, waste container, instrumental stands, portable toilet, and waiting room furniture. The market of medical furniture can also be divided on the basis of applications into patient’s furniture, physician/surgeon’s furniture, and support staff’s furniture.

Geographically, the market of medical furniture is spread across different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. The extensive number of hospitals and high quality healthcare infrastructure are the factors helping North American region to dominate the medical furniture market. On the other side, Asia Pacific region is predicted to be one of the promising market on account of improved medical infrastructure and increasing patient base.

Moore Medical, Stryker Corporation, GPC Medical Ltd., HIIUSA, Beaver Healthcare Equipment, Anetic Aid Limited, Hill-Rom Holdings Inc., and DRE INC are some of the key players participating in the commercialization of the medical furniture products.