Health Furniture Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Health Furniture Market Overview

A number of furniture and equipment are being used in hospitals, clinics and in other healthcare applications. The wide range of furniture products is available to meet every requirement in healthcare industry.

Market Size and Forecast

Global health furniture market is envisioned to witness a robust growth during the forecast period. Global market of health furniture is likely to grow at a considerable compound annual growth rate (CAGR) during the forecast period i.e. 2017-2024.Further, the market is thriving on the back of rapid enhancements in healthcare infrastructure across all regions. Rapid emergence of new hospitals and other healthcare facilities are believed to be the driving factors behind the growth of global health furniture market in upcoming years.

Regionally, global heath furniture market is segmented into five major regions North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America health furniture market dominated overall health furniture market in 2016. This growth in North America region can be attributed to presence of large number of hospital and advanced healthcare infrastructure in this region. According to American Hospital Association, the total number of registered hospitals in United States reached 5,534 in 2015.

Apart from North America region, Asia Pacific is likely to emerge as fastest growing market for health furniture by the end of forecast period. Healthcare sector in Asian countries is booming and growing at tremendous pace due to presence of large base of patients and government initiatives and support to strengthen healthcare infrastructure in this region. According to India Brand Equity Foundation, the government in India is looking forward to increase health budget to 2.5% of GDP by 2025. Further, rapid emergence of new hospitals is also expected to bolster the growth of Asian health furniture market over the forecast period.

Metal segment by furniture material is anticipated to thrive at notable CAGR over the forecast period over to forecast period. The demand for metal furniture is likely to be driven by factors such as high product life and high strength of metal furniture.

Additionally, patient rooms segment by application is anticipated to grow at significant pace owing to increasing penetration of diseases and rising number of patients in hospitals across the globe. A number of furniture used in patient’s room such as bed, chair, bedside tables, recliners and others.

Market Segmentation

Our in-depth analysis has segmented global health furniture market into the following segments:

• By Product Type
  • Ward, Clinical & Theatre Furniture
  • Treatment & Examination Chairs
  • Patient Recliners & Seating
    • Ordinary Chair
    •  Patient Chair
    • Stool
    • Lounge Chair
    • Sofas
    • Benches
    • Others
  • Couches
    • Examination Couches
    • Specialist Couches
    • Others
  • Tables & Desks
    • Conference Tables
    • Outdoor Dining Tables
    • Height-Adjustable Tables
    • Over Bed Tables
    •  Exam Tables
    •  Others
  • Hospital Trolleys
  • Staff Seating
  • Trolleys
  • Storage Units and Files
  • Pediatric Furniture
• By Application
  • Office, Lobby & Waiting Areas
  • Exam & Treatment Areas
  • Support Staff’s Furniture
  • Patient Rooms
  • Others
• By Material
  • Wood
  • Metal
  • Glass
  • Plastic
  • Others
• By Price Range
  • Low Price
  • Mid Price
  • High Price
• By Distribution Channel
  • Online Stores
  • Offline Stores

By Region

Global Health Furniture market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Malaysia Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
• Middle East and North Africa (GCC, Israel, Turkey, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

The global heath furniture market is primarily driven by a number of factors such as rapid emergence of new hospitals and other growing health facilities such as clinics, outpatient care centers, and specialized care centers.

Further, increasing urbanization and improving healthcare infrastructure are envisioned to drive the demand for healthcare furniture in upcoming years. Additionally, increasing geriatric population across the globe and rising occurrence of various diseases are key factors which are outracing the demand for health furniture across the globe.

However, high cost of some experimental furniture is anticipated to adversely affect the growth of health furniture market in future.

Key Players

• Knoll Inc.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis

• Stryker Corporation
• Haworth Inc.
• Herman Miller, Inc.
• Steelcase Inc.
• Stance Healthcare Inc.
• Trinity Furniture Incorporated
• Anetic Aid
• DRE Medical
• GPC Medical Ltd.
• Other Notable Players

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global Health Furniture market is segmented as follows:

• By Product Type Market Size & Y-O-Y Growth Analysis
• By Application Market Size & Y-O-Y Growth Analysis
• By Material Market Size & Y-O-Y Growth Analysis
• By Price Range Market Size & Y-O-Y Growth Analysis
• By Distribution Channel Market Size & Y-O-Y Growth Analysis
• By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment