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Global Medical Furniture Market to Gain Impetus From Rapid Expansion Of Healthcare Infrastructure

Press Release   •   May 30, 2016 06:08 EDT

In a new report, titled “Medical Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” Transparency Market Research aims to examine the various factors influencing the overall growth trajectory of the global medical furniture market.

Medical furniture is a critical component of medical infrastructure. The phrase encompasses all stationary and moveable assets used in hospitals, clinics, or physician’s offices to make patients more comfortable and help physicians in performing their tasks. The enterprises operating in the global medical furniture market have been capitalizing on the rapid expansion of medical infrastructure around the world. The rising number of hospitals, clinics, laboratories, and physician’s offices will subsequently boost the market for medical furniture.

Governments of various nations have been focusing on improving the quality of patient care provided in their countries. This is reflected in the visibly increasing investment in the healthcare sector. Besides, hospitals and clinics in developed regions have also expressed their keenness towards adopting the latest technologies. These factors have proven extremely beneficial for the market for medical furniture.

Additionally, with the launch of advanced medical furniture, the market has lucrative prospects for growth in the forthcoming years. Despite witnessing rising demand around the world, the long life of medical furniture products and high cost associated with the same have been negatively impacting the market’s growth to an extent. The average life of hospital furniture is 10 to 12 years. Such long lifespan of medical furniture limits repeat purchase of these products, hampering the market.

The most common types of medical furniture available in the market are casework, cabinets, metal cabinets, bedside tables, scrub sinks, medical tables and carts, kick buckets, instrument stands, medical hampers, IV poles, stretchers, medical support, beds, blood drawing chairs, recovery couches, waste containers, chairs, medical stools, inspection beds, waiting room furniture, portable toiletry, and others. Based on application, the global medical furniture market can be segmented as physician/surgeon’s furniture, patient’s furniture¸ and the support staff’s furniture.

To provide a comprehensive overview of the prevailing competitive landscape, the report also profiles companies such as Stryker Corporation, DRE INC, Anetic Aid Limited, Hill-Rom Holdings Inc., GPC Medical Ltd., HillUSA, Moore Medical, Beaver Healthcare Equipment, and others. Using SWOT analysis, the report also weighs the strengths and weaknesses of these companies and the threats and opportunities that these companies may face in the forthcoming years.

The effect of Porter’s five forces on the overall operations in the market is also studied in the report in detail.

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