GVR Report cover Hospital Furniture Market Size, Share & Trends Report

Hospital Furniture Market Size, Share & Trends Analysis Report By Product (Beds, Patient Lift, Tables, Chairs, Medical Carts, Stretchers, And Others), By Application, By Sales Channel, By Material, By End-use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-007-2
  • Number of Pages: 190
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Report Overview

The global hospital furniture market size was estimated at USD 9.11 billion in 2022, anticipated to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The growth of the market is due to the rising number of hospital admissions globally, favorable insurance and reimbursement scenarios, and government support for the hospitals that are covered under the healthcare sector are some of the factors propelling the growth of the market. Moreover, the prevalence of chronic diseases is rising, and patients' demands for hospital facilities are continuing to rise as well.

 U.K. hospital furniture market size, by application, 2020 - 2030 (USD Million)

It is anticipated that ongoing technology advancements and cutting-edge furniture, like eye surgical chairs and high-tech stretchers, are expected to create lucrative business potential. However, a hindrance in hospital furniture designs and production is the lack of research and development in many countries. While some countries are technologically ahead of the curve and have highly developed hospital infrastructure and furnishings, several other nations lack the fundamental advancements required in the sector.

The primary factor driving the market's expansion is the world's expanding network of hospitals and clinics. To prevent other circumstances like pandemics, public organizations are working to construct an increasing number of hospitals. The demand for more modern hospitals and clinics is the primary growth driver in the hospital furniture market over the period of forecasting. The public sector's initiatives to modernize current hospital infrastructure also play a significant role in driving the hospital furniture market.

The market for hospital furniture is seeing a surge in the adoption of contract production. With more focus on product quality and a high-end finish, the idea of personalized furniture has become more and more popular. Manufacturers are implementing well-considered ideas that emphasize on the aesthetics, comfort, and hospitality of end customers.  Conventional hospital furniture has several drawbacks including the development of skin ulcers and bed sores in obese patients due to extra pressure by the furniture on already thin skin. As a result, companies are working aggressively to enhance the usability and appearance of healthcare furnishings for overweight people. This is encouraging for medical facilities that are spending money on furniture that can support several hundred pounds of patient weight.

According to the report published by the World Obesity Federation, The World Obesity Atlas 2022, one Million people across the world, including one in five women and one in seven men, will be obese by 2030. According to the World Health Organization, 650 million adults, 340 million adolescents, and 39 million children worldwide are obese. This value is still rising. According to the WHO, 167 million individuals would be less healthy by 2025 as a result of being overweight or obese. Obesity increases the risk of developing a number of the world's major disorders, such as heart disease, stroke, diabetes, and several types of cancer. Although none of these health effects are directly caused by obesity, it can raise the likelihood that they will occur. According to the Global Burden of Disease report, obesity caused 4.7 million premature deaths in 2017.

Numerous industries across the world suffered from the COVID-19 pandemic. For the hospital furniture industry, the impact is actually precisely the opposite. The COVID-19 pandemic has benefited the hospital furniture industry because additional hospitals and specialized COVID-19 clinics were required to be built on a global scale. This indicated that there is an urgent need to furnish new hospitals and clinics. The COVID-19 pandemic brought with it a flood of fantastic growth prospects for the hospital furniture industry. Furthermore, due to the high patient volume, the existing hospitals also made an effort to upgrade their infrastructure. As a result, there were many opportunities for demand and expansion in the hospital furniture sector.

Hospital Furniture is a significant factor to consider as it impacts a major part of a hospital’s functions. Trends in hospital furniture have been affected by the COVID-19 epidemic. Healthcare design considerations would inevitably be impacted by the pandemic in the upcoming years. So it's essential to design waiting spaces that follow physical distance rules and have better cleaning capabilities. In order to deal with healthcare-associated illnesses, or HAIs, infection prevention is currently the main focus in furniture design. Infection control is becoming more crucial as hospital cleanliness standards improve.

Application Insights

The patient's furniture segment is anticipated to lead the hospital furniture market as it has captured around 45.6% of the market share in 2022. Patient furniture such as examination couches, examination lights, drawers, benches, bedside tables, over-bed tables, and chairs demand in the market is quite high. Easier maintenance of the products is the major driving factor for the hospital furniture market.

Furthermore, the physician’s furniture segment is expected to witness the highest CAGR during the forecast period. Physician furniture is further classified into examination tables, surgical chairs, and others. With the rising patient footfall in the larger hospitals, growing concern for the safety and mobility of the patients, and providing good support during medical examinations, examination tables are expected to grow during the forecast period.

Sales Channel Insights

The offline sales channel captured around 64.25% of the market share in 2022 and dominated the hospital furniture market. The real-time experience, high purchase confidence, lower rejection rates, availability of the customization options as per one’s need and budget, immediate delivery, sales personnel assistance, complete installation support, and simple returns are some of the factors influencing the growth of hospital furniture’s offline sales channel outlook.

Furthermore, an online sales channel is in great traction now a day and the mode of purchase is slightly inclining towards online sales channels owing to several factors such as ease of comparison, available reviews from other customers, variety of options available, great offers, and discounts.  The online sales channel is expected to grow at a higher CAGR during the forecast period. However, delayed deliveries and uncertain quality may restrict the online sales channel penetration in the market practice.

Material Insights

The metal segment dominated the market in 2022 and accounted for the largest share of more than 41.11% of the global revenue. Increasing adoption coupled with the rising demand for metal furniture owing to their excellent durability that offers comfort to medical staff, visitors, patients, and others. Additionally, stainless steel contains anti-microbial properties for healthcare equipment and operating room. Thus, the wide usage of metal-based furniture equipment is also estimated to propel the segment growth. Moreover, Steel is cost-effective. Hence the furniture is inexpensive, durable, and long-lasting.

Furthermore, the wood segment is expected to witness a higher CAGR during the forecast period due to its wide usage. Wooden furniture is preferred due to its inherent warmth and appeal, wood's intrinsic organic qualities can provide thermal advantages and have a balancing impact on internal moisture and humidity. Wood is porous, so when the humidity is too high, it absorbs moisture, and when the humidity is too low, it releases moisture into the atmosphere. Wood feels warmer to the touch than other structural materials like steel because of its relatively low thermal conductivity. However, the use of harsh cleaning agents could damage the surface. After being used for a while, moisture causes the wood to swell, which invites the growth and proliferation of bacteria and other creatures. Furniture made of wood is porous by nature and prone to nicks and scratches.

End-use Insights

In 2022, the hospitals and specialty clinics segment dominated the market and accounted for the largest revenue share of 55.0%. Due to the increasing need for furniture, the segment's growth is being driven by the growing number of hospitals. Strong competition has increased demand for various types of furniture in the market, which has led to technological improvement in furniture-attached devices for hospitals. Additionally, the segment is anticipated to expand as a result of the aging population, high prevalence of chronic diseases, increase in COVID-19 hospitalizations, and an increase in hospitals with modern infrastructure, furnishings, and equipment. Hospitals provide patients with higher treatment and pay for certain operations, both of which are fostering the segment's expansion.

During the forecast period, the ambulatory surgery center is anticipated to exhibit the highest CAGR of 7.10%. The demand for hospital furniture in ambulatory surgery centers is primarily driven by the increased preference for same-day surgery, significant cost savings, waiting for time reductions, and an increase in the number of patients needing surgical procedures. It is also projected that the availability of reimbursement policies for ambulatory surgery procedures will aid in the development of this market.

Product Insights

The beds segment has dominated the market and captured 24.03% of market share in 2022. The hospital beds segment has been classified into the sub-segments such as ICU beds, fowler beds, plain hospital beds, pediatric beds, maternity beds, and others. Growing demand for ICU beds due to higher prevalence of chronic disorders that needs critical care services are expected to drive the hospital beds segment during the forecast period. Additionally, electrical or powered beds are preferred than the plain beds from private hospitals due to rising number of bariatric surgeries and growing geriatric population. The Covid-19 pandemic across the globe has significantly driven the demand for hospital beds all over the world. To fulfil the ongoing demand on a global scale, the majority of top corporations have practically doubled their capacity to produce hospital beds.

Global hospital furniture market share, by product, 2022 (%)

The hospital chairs segment has secured the second position by capturing 20.07% of market share in 2022. The chairs include examination chairs, birthing chairs, dialysis chairs, ophthalmic chairs, ENT chairs, dental chairs, pediatric chairs, bariatric chairs, and geriatric chairs. The growing demand of rehabilitation chairs including pediatric, bariatric, and geriatric chairs used for bathing, positioning, and mobility of the patient is expected to fuel the chairs segment. The growing geriatric population and rising cases of paralysis and spinal injuries are anticipated to drive the segment during the forecast period.

Regional Insights

North America dominated the market and held the largest revenue share of 36.6% in 2022.  This is due to rising prevalence of chronic diseases such as obesity, diabetes, cardiac arrest that may lead to hospitalizations is anticipated to surge the demand for hospital furniture market. The Heart and Stroke Statistics - 2022 report has been released by the American Heart Association. It states that cardiac arrest continues to be a public health emergency. Nearly 90% of all out-of-hospital cardiac arrests (OHCA) that occur in the United States each year are lethal and need the hospitalization. Moreover, bariatric surgery and procedures continue to be the most successful long-term weight loss option, and their effectiveness has grown dramatically over the past ten years. According to the American Society for Metabolic and Bariatric Surgery (ASMBS), 228,000 Americans received weight-loss surgery in 2017 alone. Every year, over 580,000 people worldwide have bariatric surgery.

Hospital Furniture Market Trends by Region

Asia Pacific is expected to witness the highest CAGR of 7.0% during the forecast period. Favorable government policies, such as reimbursements provided for hospital furnishings and other equipment, are attributed for the enormous growth rate. Due to rising rates of communicable diseases and public awareness of infectious diseases acquired in hospitals, China has had the fastest growth in the Asia-Pacific area which increases the demand for hospital furniture, driving up prices. Japan has a robust healthcare system in terms of infrastructure, hospital beds, hospital supplies, and equipment, among other things, which has helped the total market to hold a substantial market share, and as a result, it dominates the Asia-Pacific region.

Key Companies & Market Share Insights

The market is fragmented with the high competition at the global level as it has the presence of severe key players such as Stryker, Invacare Corporation, 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, and Getinge AB. These players focus on growth strategies, such as new product launches, collaborations, partnerships, operational expansion, mergers & acquisitions, and patient awareness campaigns.

For instance, Hill-Rom Holdings, Inc. was acquired by Baxter International Inc. in December 2021, according to the company's announcement. Hillrom provides a range of equipment to help with patient care, including patient lifts and smart beds. Additionally, Stryker announced the global launch of ProCuity, the first and only fully wireless hospital bed in the market, in October 2020. 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. Some of the prominent players in the hospital furniture market include:

  • Stryker

  • Invacare Corporation

  • 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

Hospital Furniture Market Report Scope

Report Attribute

Details

Market size value in 2023

USD  9.71 billion

Revenue forecast in 2030

USD  15.39 billion

Growth rate

CAGR of 6.8% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, sales channel, material, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

Key companies profiled

Stryker; Invacare Corporation; 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; and Getinge AB

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Hospital Furniture Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global hospital furniture market report based on product, application, sales channel, material, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Beds

      • ICU Beds

      • Fowler Beds

      • Plain Hospital Beds

      • Pediatric Beds

      • Mattress

      • Maternity Beds

      • Others

    • Patient Lift

      • Manual Lifts

      • Power Lifts

      • Stand up Lifts

      • Heavy duty Lifts

      • Overhead Track Lifts

    • Tables

      • Examination Tables

      • Obstetric Tables

      • Surgical Tables

      • Others

    • Chairs

    • Medical Carts

    • Stretchers

    • Others

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Physician's Furniture

    • Patient’s Furniture

    • Staff’s Furniture

  • Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • Offline

    • Online

  • Material Outlook (Revenue, USD Million, 2018 - 2030)

    • Wood

    • Metal

    • Plastic

  • End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • Hospitals & Specialty Clinics

    • Ambulatory Surgical Centers

    • Others

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Sweden

      • Norway

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

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