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Medical Furniture Market Share

Report ID: GMI3121
Published Date: Dec 2020
Report Format: PDF

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Medical Furniture Market Share

Some of the prominent companies functioning in the medical furniture market include:

STERIS
Skytron
GPC Medical
Herman Miller
Invacare Corporation
Kovonax
Getinge
Stiegelmeyer
Met-lak
Stryker
Biomedical Solutions
Promotal
Hill-Rom Holdings
LINET

These market leaders are adopting various growth strategies and opportunities to capture higher revenue share in medical furniture business.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Medical furniture industry share was valued at over USD 24.7 billion in 2019 and is poised to grow at a CAGR of around 6.7% through 2026.

The beds segment is likely to expand at nearly 8.4% rate through 2026 owing to the increasing number of patients admitted to hospitals for surgical procedures.

The wood segment accounted for over 22.5% of medical furniture industry share in 2019 and is set to witness exponential growth due to the comfort and flexibility provided by the material.

The ambulatory surgical centers segment registered USD 7.4 billion revenue in 2019 and is anticipated to grow appreciably as physicians can perform complex surgeries in limited time.

North America captured nearly 10.6% of medical furniture industry share in 2019 and is likely to grow significantly owing to the rising prevalence of chronic disorders, further resulting in hospitalizations.