Market Overview
The
Global Medical Furniture Market is expected to reach a
value of USD 29.8 billion in 2024, and it is further anticipated to reach a market
value of USD 54.6 billion by 2033 at a
CAGR of 7.0%. According to Dimension Market research, this market is projected to see significant growth in the upcoming period of 2024 to 2033 due to the rising awareness about this market globally.
Global Medical Furniture Market embraces all branches and areas of manufacturing, supplying, and distributing medical furniture which is intended to serve various medical and healthcare facilities like hospitals and clinics.
This market offers hospital beds, beds for examination, etc. which are made for a variety of purposes such as patient care, diagnosis, and treatment. Moreover, the technology innovations and healthcare infrastructure developments also have served as promotional factors of the growth of this market which is brought forward by increasing demand for health services and the aging population. Some of the key players in this market are those who address the demand for different type of products across the world through manufacturers, wholesalers, and retailers.
Key Takeaways
- The global medical furniture market is estimated to have a value of USD 29.8 billion in 2024.
- The market is growing at a CAGR of 7.0 percent over the forecasted period of 2024 to 2033.
- In the context of product, beds are expected to dominate this segment as it hold 27.1% of the market share in 2024.
- Based on material, metal is projected to command this segment as it is expected to hold the highest market share in 2024.
- Based on the distribution channel, offline channels are anticipated to dominate this segment as it holds the highest market share in 2024.
- North America is projected to dominate the global medical furniture market as it holds 37.7% of the market share in 2024
Use Cases
- Hospital beds, patient chairs, and bedside tables offer comfort and support, with adjustable features tailored to individual patient needs in medical facilities.
- Examination tables and chairs provide stability and comfort for patients during medical procedures, accommodating various specialties and ensuring safety.
- Operating tables provide a stable platform for surgical procedures, ensuring patient safety and comfort while enabling efficient surgical performance.
- Imaging tables and chairs facilitate accurate diagnostic imaging, ensuring patient comfort and proper positioning during procedures like X-rays and MRIs.
- Stretchers and transport chairs ensure safe patient movement within healthcare facilities, designed for stability and ease of use during transfers and diagnostic procedures.
Market Dynamic
The medical furniture market is boosted by the growing healthcare infrastructure, and the rising demand for products that focus on patients' comfort and safety. The technological innovations that are coming in the field of IoT and ergonomics are influencing product development. The increasing geriatric population and the prevalence of chronic conditions are among the factors that are driving the market growth even further. Furthermore, strict regulatory standards and a focus on infection control are driving product innovation.
The competition in the market is increasing among the leading players concentrating on product differentiation and strategic collaborations to gain a competitive advantage. Overall, the medical furniture market is predicted to demonstrate a steady growth driven by the progressively changing healthcare needs and emerging technological advancement.
Research Scope and Analysis
By Product
In the context of product, beds are expected to dominate this segment as it hold 27.1% of the market share in 2024. The sales of beds in the medical furniture market are growing at a fast pace due to the various product offerings that are custom-made to cater to different medical needs. ICU beds, which have advanced features for critical care patients and are increasingly the focus of healthcare facility investments in intensive care units, are in high demand nowadays.
The Fowler beds which can be adjusted for patient comfort and recovery are widely used in general wards and rehabilitation settings.
The pediatric and maternity beds provide a focused care service to children and pregnant mothers in particular. Along with other essential items, the hospital beds remain as basic structural components of health facilities. With more and more health facilities upgrading and expanding their capacity, there is an obvious increase in the number of beds, especially in intensive and specialized categories.
By Material
Based on material, metal is projected to command this segment as it is expected to hold the highest market share in 2024. The presence of the metal in medical furniture, specifically in beds and other critical equipment, provides longevity, security, and hygiene and is a major factor in the prevalence of its use in healthcare. The metal beds are reinforced to offer firm support for the patients, making them ideal for intensive care units and general wards where durability is required.
Furthermore, metal tables and chairs are used for their strength and low maintenance, hence high-traffic areas do not faze them. The metal medical trolleys are flexible, robust, and reliable, therefore, the medicine and equipment handling is easy, safe, and fast. Metal furniture with a non-porous surface is advantageous, especially in career settings that are sensitive to infection. Metal furniture contributes to infection control measures by facilitating effective disinfection. While healthcare facilities heavily rely on durability, hygiene, and long-term cost-efficiency, they should expect sustained demand for metal medical furniture.
By Distribution Channel
Based on the distribution channel, offline channels are anticipated to dominate this segment in the global medical furniture market as it holds the highest market share in 2024. The offline distribution channel for clinical furnishings remains a main hub that provides all types of hospital furniture, imparting personalized service and on-the-spot product availability to healthcare facilities. Offline channels include specialized scientific equipment suppliers, distributors, and brick-and-mortar shops. These entities offer tailored answers to satisfy the diverse desires of healthcare facilities, presenting consultations, product demonstrations, and after-sales aid. Offline channels permit healthcare specialists to physically check the first-rate and suitability of clinical furnishings before buying, instilling confidence in their funding.
Moreover, offline vendors frequently offer logistics assistance, including delivery, installation, and preservation services, enhancing convenience for healthcare companies. Despite the upward thrust of online channels, offline distribution stays critical for the scientific furniture marketplace, especially for complicated purchases requiring specialized expertise and hands-on customer service.
By End Use
In terms of end use, Hospitals, and specialty clinics are projected to dominate this market with 74.9% of the market share in 2024. Hospitals and specialty clinics are the major customers of medical furniture that require a wide range of products that provide support to patient care, diagnosis, and treatment across different departments and specialties. For example, medical furniture items like beds, examination tables, and surgical chairs are needed in hospitals for patients to be taken care of inwards, emergency rooms, operation theaters, and outpatient departments.
Specialized clinics such as orthopedic clinics, gynecology clinics, and rehabilitative centers have customized furniture that corresponds with their medical services. This also includes the equipment like the obstetric tables, physical therapy beds, and examination chairs which are designed as per the individual needs of the patients under various treatments and procedures. Along with the increasing shift of medical services to hospitals and specialty clinics that are accompanied by the improvement of infrastructure, demand for medical furniture will continuously increase, providing room for an expansion of the market in this field.
The Medical Furniture Market Report is segmented on the basis of the following
By Product
o ICU Beds
o Fowler Beds
o Plain Hospital Beds
o Pediatric Beds
o Maternity Beds
o Others
o Manual Lifts
o Power Lifts
o Stand up Lifts
o Heavy duty Lifts
o Overhead Track Lifts
o Others
o Examination Tables
o Obstetric Tables
o Surgical Tables
o Others
- Chairs
- Medical Carts
- Others
By Material
By Distribution Channel
By End Use
- Hospitals & Specialty Clinics
- Ambulatory Surgical Centers
- Others
Regional Analysis
North America is projected to dominate the global medical furniture
market as it holds 37.7% of the market
share in 2024 and is expected to show subsequent growth in the upcoming period of 2024 to 2033. The North American region holds a leading position in the global medical furniture market, on account of several dominant factors. In addition, the healthcare infrastructure system comprises high-tech medical centers, specialized clinics, as well as outpatient surgical units.
The healthcare sector gripped by the rapid trend of increasing aging populations, lifestyle changes, and numerous diseases requires the medical furniture market to respond to the high demand. The demand for medical furniture is considerable and noticeable in this region mostly, owing to its large and growing population that contains a substantial number of aged people as well. Urbanization and changing lifestyles are the major reasons for the increased number of patients and this has had a role to play in the growth of this market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The worldwide medical furnishings marketplace is surprisingly versatile because of the presence of many predominant players in addition to many rising regional gamers are putting tough competition in this marketplace. Major players in this marketplace such as Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, LINET Group SE, Joerns Healthcare LLC, Getinge AB Paramount Bed Holdings Co., Ltd play crucial roles in supplying an extensive range of products inside the worldwide medical furniture market.
These corporations cater to various healthcare settings, which include hospitals and domestic care, providing products tailor-made according to the needs of these healthcare facilities. The marketplace dynamics are encouraged by using factors that include mergers and acquisitions, new product launches, regulatory changes, and evolving healthcare developments.
Some of the prominent players in the Global Medical Furniture Market are:
- Stryker
- Invacare Corp.
- ARJO AB
- Steris Plc.
- Medline Industries, Inc.
- Hill-Rom Holdings, Inc.
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- NAUSICAA Medical
- Sunrise Medical (US) LLC
- Herman Miller Furniture
- Kovonox
- Getinge AB
- Other Key Players
Recent Development
- In December 2023, GI Partners establishes UDLR Healthcare, focusing on investing in medical outpatient buildings (MOBs), partnering with former executives from Healthcare Trust of America.
- In September 2023, Versatile Credit receives a strategic growth investment from PSG, aiming to enhance market presence, deepen lender relationships, and expand into new merchant categories.
- In May 2023, HCA Healthcare pledges over $300 million for nurse education, doubling clinical advancement centers and expanding Research College of Nursing.
- In December 2023, Investments in medical equipment and hospital beds increased due to a 7-8% surge in patient footfall. Major hospital chains like Apollo, and Fortis are expanding bed capacity.
- In December 2022, Shibaura Machine plans to invest USD 27 Mn in India to double its manufacturing capacity in Chennai, India, aiming for increased production and job creation.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 29.8 Bn |
| Forecast Value (2033) |
USD 54.6 Bn |
| CAGR (2023-2032) |
7.0% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (Beds, Patient Lift, Tables, Chairs, Medical Carts, and Others), By Material (Metal, Wood, and Plastic), By Distribution Channel (Offline, and Online), By End Use (Hospitals & Specialty Clinics, Ambulatory Surgical Centers, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Stryker, Invacare Corp., ARJO AB, Steris Plc., Medline Industries, Inc., Hill-Rom Holdings, Inc., Drive DeVilbiss Healthcare, GF Health Products, Inc., NAUSICAA Medical, Sunrise Medical (US) LLC, Herman Miller Furniture, Kovonox, Getinge AB, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Medical Furniture Market size is estimated to have a value of USD 29.8 billion in 2024 and is expected to reach USD 54.6 billion by the end of 2033.
North America is expected to have the largest market share for the Global Medical Furniture Market with a share of about 37.7% in 2024.
Some of the major key players in the Global Medical Furniture Market are Stryker, Invacare Corp., ARJO AB, Steris Plc., Medline Industries, Inc. and many others.
The market is growing at a CAGR of 7.0 percent over the forecasted period.