The Hospital Furniture Market was estimated at USD 9.14 billion in 2022 and is anticipated to expand at a compound annual growth rate of approx. CAGR of 6.90% for the forecast period of 2023-2030.
The industry that produces and distributes furniture specially created for healthcare institutions, such as hospitals, clinics, and medical centres, is referred to as the hospital furniture market. For patients, healthcare workers, and visitors to feel comfortable, productive, and safe, hospital furniture is essential. It includes a broad range of goods, such as stretchers, beds, chairs, tables, cabinets, and other specialised furniture pieces made to specifically satisfy the requirements of healthcare facilities. Increasing healthcare expenditure, the need for up-to-date, fully functional healthcare facilities has increased as a result of the world's growing healthcare spending. In order to improve patient satisfaction and offer high-quality treatment, hospitals and medical facilities invest in contemporary and ergonomic furniture that fosters patient comfort, supports effective healthcare delivery, and improves the facility's ambience. Technological Innovations new features that increase patient care and workflow efficiency have revolutionised hospital furniture thanks to technological innovation. Electrically adjusted beds, specialised treatment chairs, imaging tables, and furniture with digital interfaces and connection for data management are only a few examples of these technological innovations. Modern hospital furnishings not only improve patient care but also help cut down on physical labour and increase operational effectiveness. The ageing of the world's population has led to a rise in the need for healthcare services. Geriatric beds, patient lifts, and supportive seats are just a few examples of the specialty hospital furniture that is increasingly needed as the older population expands. The demand for creative and ergonomic furniture solutions that address the particular demands of older patients has increased as a result of this demographic transition.
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An increase in demand for healthcare infrastructure, such as hospital beds, isolation units, and intensive care units (ICUs), has been brought on by the rise of COVID-19 cases. As a result, Ikea USD 1.8 million plus in products, supplies to covid-19 relief efforts. COVID-19 epidemic has brought about modifications to healthcare operations and building layout. In order to facilitate the execution of infection control procedures, such as keeping physical distance between patients, healthcare providers, and visitors, hospital furniture has been redesigned. In order to establish isolation and reduce the possibility of viral transmission, furniture patterns have been modified.
DRIVERS
Focus on Patient Comfort and Satisfaction and Technological Advancements as Healthcare Expenditures Rise.
The need for hospital furniture is fuelled by the ongoing increase in healthcare spending throughout the world, which is caused by factors including population growth, ageing demographics, and the incidence of chronic diseases. The need for practical, cosy, and secure furniture is driven by the necessity for infrastructure and healthcare facilities that are well-equipped. An increasing amount of attention is being paid to patient-centric care, which includes giving patients a relaxing and encouraging atmosphere. Hospital furnishings are essential for increasing patient comfort, promoting healing, and raising patient satisfaction. Hospital furniture has been affected by technological developments in the healthcare sector, such as sophisticated patient monitoring systems, electronic medical records, and telemedicine solutions. Patient care and workflow efficiency are improved by the use of Technology connection aspects in furniture solutions.
RESTRAIN
Budgetary restrictions and increasing costs.
Extended Replacement Cycles.
Budget limits are a common problem for healthcare organization, particularly those operating in emerging economies and public healthcare systems. Hospital furnishings may be pricey, and financial constraints may make it more difficult for healthcare organization to invest in high-end, contemporary furniture. Due to its durability, hospital furniture often has a lengthy replacement cycle. As a result, the need for new furniture may decline as healthcare institutions postpone or priorities other expenditures.
OPPORTUNITY
Infrastructure for Healthcare is Growing
Infection control is emphasized.
The market for hospital furniture has a lot of potential as a result of the growing emphasis on creating healthcare infrastructure, particularly in emerging nations. Investments in new healthcare facilities including hospitals, clinics, and treatment facilities increase demand for a variety of furnishing goods. Following the COVID-19 pandemic, there is increased awareness of the need for infection control procedures in healthcare facilities. Due to this, hospital furniture with characteristics that support simple cleaning, disinfection, and adherence to infection prevention rules is in high demand.
CHALLENGES
Regulatory Conformity
Environmental and sustainability considerations.
Infection control, patient safety, and ergonomics all have rules and standards that hospital furniture must adhere to. The difficulty and expense of creating and selling furniture goods might grow as manufacturers struggle to achieve these standards. In the healthcare industry, there is an increasing need for environmentally friendly and sustainable solutions. The development of items that are eco-friendly, employ sustainable materials, and have a minimal impact on the environment is a problem for hospital furniture makers.
In impacted areas, the battle may strain the healthcare system. To handle an inflow of injured patients, displaced populations, or the reallocation of resources to meet healthcare demands associated to a conflict, hospitals and medical institutions may need more funding and assistance. This may cause infrastructure development initiatives, such as the purchase of hospital furnishings, to temporarily slow down or be put on hold. Depending on the distance from the war zone, the effect of the conflict on the market for hospital furniture may differ. Healthcare institutions may have greater difficulties and disruptions in areas that are closer to the conflict, whilst those that are farther away may only face minor affects.
IMPACT OF ONGOING RECESSION
Approximately to official data €1.8 billion will be invested in Romania to build at least 25 new hospitals or healthcare facilities, according to official figures. Chairry Design & Furniture, a Romanian business with over 20 years of experience on the local market, specialises in interior design and decorating as well as offering furniture made either locally or abroad. Postponed or Delayed Construction and repair of healthcare facilities are among the infrastructure projects that are frequently delayed or abandoned during project recessionary periods. The purchase of hospital furniture is intimately related to these initiatives, and delays may influence demand. Instead of spending money on new equipment, healthcare organisations may choose to prioritise their existing resources and make do with their present furnishings. Budgetary restrictions Healthcare establishments may need to make a large investment in hospital furnishings
By Product
Beds
Tables
Seating Furniture
Trolley and Stretchers
Cabinet and Lockers
Others
By Sales Channel
Offline
Online
By Application
Physician
Patient
Staff
By End-User
Homecare
Hospital and Clinic
Ambulatory Surgical Centers
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
REGIONAL ANALYSES
The dominance of North America is attributable to the region's robust healthcare sector and rising healthcare investment. Due to its fair distribution of hospitals and clinics as well as the government's attempts to offer the residents of the region better healthcare services, the Europe region ranks second in terms of market share.
Due to the infrastructure development in the healthcare sector, the Asian Pacific is anticipated to rise throughout the projection period. Other factors that are anticipated to contribute to the market expansion in this area include the rising elderly population and spending on healthcare services. According to estimates, the Latin America, Middle East, and Africa area will develop modestly as more healthcare facilities are built due to improvements and the fact that many people want comfort during their hospital visits and stays.
The Major players 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 and others Players
Hill-Rom:
Hill-Rom provides a range of equipment to help with patient care, including patient lifts and smart beds. In October 2020, Stryker announced the global launch of ProCuity, the first and only fully wireless hospital bed in the market. This smart bed was created to help decrease in-hospital patient falls across the board, increase nurse productivity and safety, and assist in bringing down hospital expenses.
| Report Attributes | Details |
| Market Size in 2022 | US$ 9.14 Bn |
| Market Size by 2030 | US$ 15.58 Bn |
| CAGR | CAGR of 6.90 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Beds, Tables, Seating Furniture, Trolley and Stretchers, Cabinet and Lockers, Others) • By Sales Channel (Offline, Online) • By Application (Physician, Patient, Staff) • By End-User (Homecare, Hospital and Clinic, Ambulatory Surgical Centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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 others. |
| Key Drivers | • Focus on Patient Comfort and Satisfaction and Technological Advancements as Healthcare Expenditures Rise. |
| Market Opportunities | • Infrastructure for Healthcare is Growing • Infection control is emphasized. |
Ans: The CAGR Growth rate of Hospital Furniture Market is approx. CAGR of 6.90% predicted for the forecast period of 2023-2030.
Ans: The projected market size of Hospital Furniture Market expected as at USD 9.14 billion in 2022.
Ans: The Key Players in the Hospital Furniture Market 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 others.
Ans: An increase in hospital admissions worldwide, good insurance and reimbursement conditions, and government backing for hospitals are the main drivers fuelling the expansion of the hospital furniture industry.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Hospital Furniture Market, By Product
8.1 Beds
8.2 Tables
8.3 Seating Furniture
8.4 Trolley and Stretchers
8.5 Cabinet and Lockers
8.6 Others
9. Global Hospital Furniture Market, By Sales Channel
9.1 Offline
9.2 Online
10. Global Hospital Furniture Market, By Application
10.1 Physician
10.2 Patient
10.3 Staff
11. Global Hospital Furniture Market, By End-user
11.1 Homecare
11.2 Hospital and Clinic
11.3 Ambulatory Surgical Centres
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Hospital Furniture Market, by country
12.2.2North America Hospital Furniture Market, by Product
12.2.3 North America Hospital Furniture Market, by Sales Channel
12.2.4 North America Hospital Furniture Market by Application
12.2.5 North America Hospital Furniture Market by End-user
12.2.6 USA
12.2.6.1 USA Hospital Furniture Market, by Product
12.2.6.2 USA Hospital Furniture Market, Sales Channel
12.2.6.3 USA Hospital Furniture Market, by Application
12.2.6.4 USA Hospital Furniture Market, by End-user
12.2.7 Canada
12.2.7.1 Canada Hospital Furniture Market, by Product
12.2.7.2 Canada Hospital Furniture Market, Sales Channel
12.2.7.3 Canada Hospital Furniture Market, by Application
12.2.7.4 Canada Hospital Furniture Market, by End-user
12.2.8 Mexico
12.2.8.1 Mexico Hospital Furniture Market by Product
12.2.8.2 Mexico Hospital Furniture Market Sales Channel
12.2.8.3 Mexico Hospital Furniture Market by Application
12.2.8.4 Mexico Hospital Furniture Market by End-user
12.3 Europe
12.3.1 Europe Hospital Furniture Market by country
1.3.3.2 Europe Hospital Furniture Market by Product
12.3.3 Europe Hospital Furniture Market Sales Channel
12.3.4 Europe Hospital Furniture Market by Application
12.3.5 Europe Hospital Furniture Market by End-user
12.3.6 Germany
12.3.6.1 Germany Hospital Furniture Market by Product
12.3.6.2 Germany Hospital Furniture Market Sales Channel
12.3.6.3 Germany Hospital Furniture Market by Application
12.3.6.4 Germany Hospital Furniture Market by End-user
12.3.7 UK
12.3.7.1 UK Hospital Furniture Market by Product
12.3.7.2 UK Hospital Furniture Market Sales Channel
12.3.7.3 UK Hospital Furniture Market by Application
12.3.7.4 UK Hospital Furniture Market by End-user
12.3.8 France
12.3.8.1 France Hospital Furniture Market by Product
12.3.8.2 France Hospital Furniture Market Sales Channel
12.3.8.3 France Hospital Furniture Market by Application
12.3.8.4 France Hospital Furniture Market by End-user
12.3.9 Italy
12.3.9.1 Italy Hospital Furniture Market by Product
12.3.9.2 Italy Hospital Furniture Market Sales Channel
12.3.9.3 Italy Hospital Furniture Market by Application
12.3.9.4 Italy Hospital Furniture Market by End-user
12.3.10 Spain
12.3.10.1 Spain Hospital Furniture Market by Product
12.3.10.2 Spain Hospital Furniture Market by Application
12.3.10.3 Spain Hospital Furniture Market by Application
12.3.10.4 Spain Hospital Furniture Market by End-user
12.3.11 The Netherlands
12.3.11.1 Netherlands Hospital Furniture Market by Product
12.3.11.2 Netherlands Hospital Furniture Market Sales Channel
12.3.11.3 Netherlands Hospital Furniture Market by Application
12.3.11.4 Netherlands Hospital Furniture Market by End-user
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Hospital Furniture Market by Product
12.3.12.2 Rest of Europe Hospital Furniture Market Sales Channel
12.3.12.3 Rest of Europe Hospital Furniture Market by Application
12.3.12.4 Rest of Europe Hospital Furniture Market by End-user
12.4 Asia-Pacific
12.4.1 Asia Pacific Hospital Furniture Market by country
12.4.2 Asia Pacific Hospital Furniture Market by Product
12.4.3 Asia Pacific Hospital Furniture Market Sales Channel
12.4.4Asia Pacific Hospital Furniture Market by Application
12.4.5Asia Pacific Hospital Furniture Market by End-user
12.4.6 Japan
12.4.6.1 Japan Hospital Furniture Market by Product
12.4.6.2 Japan Hospital Furniture Market Sales Channel
12.4.6.3 Japan Hospital Furniture Market by Application
12.4.6.4 Japan Hospital Furniture Market by End-user
12.4.7 South Korea
12.4.7.1 South Korea Hospital Furniture Market by Product
12.4.7.2 South Korea Hospital Furniture Market by Sales Channel
12.4.7.3 South Korea Hospital Furniture Market by Application
12.4.7.4 South Korea Hospital Furniture Market by End-user
12.4.8 China
12.4.8.1 China Hospital Furniture Market by Product
12.4.8.2 China Hospital Furniture Market Sales Channel
12.4.8.3 China Hospital Furniture Market by Application
12.4.8.4 China Hospital Furniture Market by End-user
12.4.9 India
12.4.9.1 India Hospital Furniture Market by Product
12.4.9.2 India Hospital Furniture Market Sales Channel
12.4.9.3 India Hospital Furniture Market by Application
12.4.9.4 India Hospital Furniture Market by End-user
12.4.10 Australia
12.4.10.1 Australia Hospital Furniture Market by Product
12.4.10.2 Australia Hospital Furniture Market Sales Channel
12.4.10.3 Australia Hospital Furniture Market by Application
12.4.10.4 Australia Hospital Furniture Market by End-user
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Hospital Furniture Market by Product
12.4.11.2 APAC Hospital Furniture Market Sales Channel
12.4.11.3 APAC Hospital Furniture Market by Application
12.4.11.4 APAC Hospital Furniture Market by End-user
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Hospital Furniture Market by country
12.5.2 The Middle East & Africa Hospital Furniture Market by Product
12.5.3 The Middle East & Africa Hospital Furniture Market Sales Channel
12.5.4The Middle East & Africa Hospital Furniture Market by Application
12.5.5 The Middle East & Africa Hospital Furniture Market by End-user
12.5.6 Israel
12.5.6.1 Israel Hospital Furniture Market by Product
12.5.6.2 Israel Hospital Furniture Market Sales Channel
12.5.6.3 Israel Hospital Furniture Market by Application
12.5.6.4 Israel Hospital Furniture Market by End-user
12.5.7 UAE12.5.7.1 UAE Hospital Furniture Market by Product
12.5.7.2 UAE Hospital Furniture Market Sales Channel
12.5.7.3 UAE Hospital Furniture Market by Application
12.5.7.4 UAE Hospital Furniture Market by End-user
12.5.8 South Africa
12.5.8.1 South Africa Hospital Furniture Market by Product
12.5.8.2 South Africa Hospital Furniture Market Sales Channel
12.5.8.3 South Africa Hospital Furniture Market by Application
12.5.8.4 South Africa Hospital Furniture Market by End-user
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Hospital Furniture Market by Product
12.5.9.2 Rest of Middle East & Asia Hospital Furniture Market Sales Channel
12.5.9.3 Rest of Middle East & Asia Hospital Furniture Market by Application
12.5.9.4 Rest of Middle East & Asia Hospital Furniture Market by End-user
12.6 Latin America
12.6.1 Latin America Hospital Furniture Market by country
12.6.2 Latin America Hospital Furniture Market by Product
12.6.3 Latin America Hospital Furniture Market Sales Channel
12.6.4 Latin America Hospital Furniture Market by Application
12.6.5 Latin America Hospital Furniture Market by End-user
12.6.6 Brazil12.6.6.1 Brazil Hospital Furniture Market by Product
12.6.6.2 Brazil Africa Hospital Furniture Market Sales Channel
12.6.6.3Brazil Hospital Furniture Market by Application
12.6.6.4 Brazil Hospital Furniture Market by End-user
12.6.7 Argentina
12.6.7.1 Argentina Hospital Furniture Market by Product
12.6.7.2 Argentina Hospital Furniture Market Sales Channel
12.6.7.3 Argentina Hospital Furniture Market by Application
12.6.7.4 Argentina Hospital Furniture Market by End-user
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Hospital Furniture Market by Product
12.6.8.2 Rest of Latin America Hospital Furniture Market Sales Channel
12.6.8.3 Rest of Latin America Hospital Furniture Market by Application
12.6.8.4 Rest of Latin America Hospital Furniture Market by End-user
13 Company profile
13.1 Stryker.
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Treatment/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Invacare Corp.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Treatment/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 ARJO AB.
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Treatment/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Steris Plc.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Allscripts Healthcare Solutions, Inc.
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Medline Industries, Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Treatment/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Hill-Rom Holdings, Inc.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Treatment/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Drive DeVilbiss Healthcare.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Treatment/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 GF Health Products, Inc.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Treatment/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 NAUSICAA Medical.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Treatment/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Sunrise Medical (US) LLC.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Treatment/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.10.6 Use Cases and Best Practices
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Use Case and Best Practices
16. Conclusion
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