Evolving Opportunities To boost The Hospital Furniture Market Growth
Posted by Loise Williams on January 2nd, 2020
Technavio has been monitoring the global hospital furniture market since 2016 and the market is poised to grow by USD 4.02 billion during 2019-2023, progressing at a CAGR of over 6% during the forecast period.
The market is driven by the presence of internet platforms in order to create awareness on hospital infrastructure. In addition, the growing demand for improved medical infrastructure is anticipated to further boost the growth of the hospital furniture market.
Many nursing homes, diagnostic centers, clinics, and hospitals are procuring a wide range of services and products through online portals and websites of market vendors with the growing penetration of the Internet. Online portals help vendors to generate high revenue and capture large market share by providing excellent user experience and improving brand retention and visibility. This is enabling them to expand their customer base for hospital furniture such as hospital beds, drawers, specialty medical chairs and tables, and seating furniture. Thus, the growing use of internet platforms to create awareness on hospital infrastructure is expected to drive market growth during the forecast period.
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Major Five Hospital Furniture Market Companies:
Arjo is headquartered in Sweden and owns and operates businesses under various segments including unified business segment. The company offers citadel plus bariatric care system and vitalgo total lift bed integrated system.
Hill-Rom Services Inc.
Hill-Rom Services Inc. is headquartered in the US and manufactures and offers products through global business units: patient support systems, front line care, and surgical solutions. The company offers Hill-Rom 1039/1048 bariatric bed and art of care three-position recliner.
Medical Depot, Inc.
Medical Depot, Inc. is headquartered in the UK and has business operations under various segments, namely unified business segment. The company offers clarus bedside cabinet – 3044, which comes with an internal shelf, which is fully removable for easy cleaning.
Stryker is headquartered in the US and offers products through various business segments including MedSurg, orthopedics, and neurotechnology and spine. The company offers Bedside Stands, which come in five unique styles, along with laminate and hardware options.
Hospital Furniture Product Outlook (Revenue, USD Million, 2019 - 2023)
Hospital Furniture Regional Outlook (Revenue, USD Million, 2019 - 2023)
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About the AuthorLoise Williams
Joined: August 7th, 2019
Articles Posted: 266
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