The global mortuary equipment market was valued at USD 173.4 million in 2014 and is projected to reach USD 306.0 million by 2023, expanding at a CAGR of 6.3% during the forecast period from 2015 to 2023. Increased awareness, preference for high end mortuary products, and presence of well-equipped mortuary facilities in the hospitals and forensic laboratories are some of the major factors driving the market growth.
Albany, NY -- (SBWIRE) -- 02/09/2016 -- This report on mortuary equipment market analyzes the current and future prospects of the market globally. The stakeholders of this report include companies engaged in manufacturing and commercialization of a wide range of mortuary products. This report encompasses an elaborate executive summary, with a market snapshot that provides overall information of various segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the global mortuary equipment market with respect to the leading market segments based on types of products, application, and different geographic regions.
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The global mortuary equipment market has been segmented on the basis of product type, application, and geography. The product type has been further segmented into refrigerators and freezers, autopsy and dissection tables, cadaver lifts, cadaver trolleys and others. The application segment has been further categorized into the use of these equipment in research and academics, forensics, and cultural. The market for each of these equipment and application has been analyzed on the basis of product types and application areas. Market revenue in terms of USD million for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.
The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have predominant impact on the mortuary equipment market presently and could influence the market in future as well. The market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market in different geographies. Porter's five forces analysis is also explained in this section to understand the mortuary equipment market considering different parameters that have an impact on the sustainability of the companies operating in this market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market. Furthermore, a brief idea about the regulatory scenario along with the value chain analysis is also provided in the report.
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Geographically, the mortuary equipment market been categorized into five major regions namely North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Market revenue in terms of USD million for the period between 2013 and 2023 along with the CAGR % from 2015 to 2023 are provided for all the regions, considering 2014 as the base year. The recommendations section included in the report would assist existing market players in expanding their market share and new companies in establishing their presence in the global mortuary equipment market.
The report also profiles major players in the mortuary equipment market son the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Mopec, Kugel Medical GmbH Co. & KG., LEEC Ltd., Mortech Manufacturing, Inc. and Thermo Fisher Scientific.
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