The MarketWatch News Department was not involved in the creation of this content.

Nov 25, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Medical Furniture Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Medical Furniture Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Medical Furniture market and provides information regarding the revenue for the period 2019 to 2025.

Increasing prevalence of chronic diseases like diabetes, cancer and cardiovascular diseases has proven beneficial for industry growth. According to World Health Organization around 422 million people currently suffers from diabetes and this number is expanding at rapid pace. Changing lifestyle has increased the risk of acquiring diseases that needs critical surgical procedures and prolonged hospital stay. This framework has proven beneficial for the industry growth as it necessitates availability of medical furniture products in all healthcare institutions. However, high cost of superior quality medical furniture is predicted to hamper the industry growth to some extent.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1862867/?utm_source=Marketwatch.com&utm_medium=AN

Medical Furniture Market will exceed USD 8 billion by 2025; as per a new research report.

Metal segment dominated medical furniture market in 2018 with 50.6% revenue share. Metal is extensively used in manufacturing of the medical furniture as it is durable than rest of material. Metal is one of most preferable material used in healthcare industry, as it increases lifespan of the medical furniture used in laboratory and hospitals. Moreover, increased level of safety associated with metal furniture favors segment growth.

Home healthcare settings segment will grow at 6.1% over forecast timeframe owing to several advantages associated with these institutions. As Home healthcare settings enables faster recover and provides greater comforts to the patients, its preference is increasing. Furthermore, home healthcare facilities are cost effective compared to other healthcare facilities. Aforementioned factors will augment the home healthcare end-user segment in years to come.

Latin America medical furniture market was valued over USD 700 million in 2018. Developing healthcare infrastructure coupled with increasing patient pool will augment the regional growth over the forecast period. In addition, government funding to the public hospitals and increased risk of newer diseases due to lifestyle changes will drive regional growth.

Prominent industry players in the medical furniture market include Stryker, Getinge, Hill-Rom Holdings, Skytron, STERIS Corporation, LINET, Promotal, Johnson & Johnson, Luxor, Invacare Corporation, OMRON Corporation and Philips Healthcare. Key industry players adopt various strategic initiatives such as acquisitions and new product launches, that enable them in sustaining market competition.

Advancements in healthcare infrastructure, especially in developing economies will propel medical furniture market growth in forthcoming years. Government in emerging economies such as India takes several initiatives for betterment of hospital infrastructure and fortify availability of high quality hospital facilities. Moreover, patients have high preference for hospitals quipped with quality infrastructure including medical furniture that will certainly impact industry growth.

For More Details on this Report At: https://www.marketstudyreport.com/reports/medical-furniture-market?utm_source=Marketwatch.com&utm_medium=AN

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

COMTEX_375040810/2599/2020-11-25T23:57:19

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article