Albany, NY -- (SBWIRE) -- 07/16/2018 -- Medical furniture is an indivisible aspect of any medical infrastructure. The phrase medical furniture comprises all important goods and materials (stationary or movable assets) used in hospitals and physicians' office, either to help patient or physicians.
The market of medical furniture is segmented on the basis of types of products, such as cabinet and casework, metal cabinets, scrub sinks, bedside tables, medical tables and carts, instrument stands, kick buckets, IV poles, medical hampers, medical support, stretchers, beds, recovery couches, chairs, medical stools, blood drawing chair, waste container, inspection beds, portable toiletry, waiting room furniture and others.
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Furthermore, the market is also segmented on the basis of applications, such as physician/surgeon's furniture (examination table, eye surgery chair and others), patient's furniture (stretchers, bedside table and other) and support staff's furniture (IV stand, waste container and others). In addition, the market is also segmented on the basis of geography, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The North American region is the most dominating market in the world, owing to extensive number of hospitals and healthcare infrastructure. On the other hand, Asia-Pacific and RoW are the most promising markets in the upcoming period, owing to rise in number of in-patient treatments and medical infrastructure.
The market of medical furniture is expected to show steady growth rate during the forecast period from 2014 to 2020. This growth is anticipated to drive by various factors, such as increasing number of medical infrastructure across the globe, particularly in developing countries and steadily increasing technological innovations in hospital furniture.
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The rising number of hospitals across developed countries and high number of hospitals in developed nations is considered as the key factor driving market growth. For instance, according to data enumerated by the Statista, the number of hospitals in the U.S. has remained steady since 2009, from 5,795 in 2009 to 5,723 in 2012. This large number of hospitals would increase the demand of hospital furniture in the near future. Similarly, according to the Eurostat, increasing healthcare expenditure and patient base would increase the financial inflow to the hospitals, which would increase their purchasing capabilities and ultimately contribute in the market growth.
Moreover, gradual increase in technologically advanced medical furniture is also supporting the growth of the medical furniture market. For instance, owing to rise in technological implementation in designing of medical furniture, a number of advanced hospital stretchers, such as motorized stretcher chair and eye surgery chair by Stryker Corporation are being introduced in the market. These all factors altogether would contribute in the growth of the hospital furniture market during the forecast period from 2014 to 2020.