Asia-Pacific Hospital Furniture Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Hospital Furniture Market is estimated to reach USD 4.46 Billion by 2033 with a CAGR of 5.5%.
The report includes an in-depth analysis of the Asia-Pacific Hospital Furniture Market, including market size and trends, product mix, applications, and supplier analysis. Hospital furniture is specifically designed to be used in hospitals. Reception areas, exam rooms, waiting rooms, treatment rooms, pharmacy rooms, hospital rooms, hand rooms, labs, nursing homes, supply centres, dirt rooms, areas for babies, oral departments, inspection departments, and so on are among the key locations where it is utilised.
- October 2017: The newest hospital bed from Hill-Rom Holdings Inc. will be equipped with sensors to track patients' heart and breathing rates. The company's goal is to digitally revolutionise hospitals by turning the common furniture into a medical data source. One hundred times a minute, the sensors will monitor a patient's vital signs and notify nurses if there are any indications that the patient's condition might deteriorate. Thus, the organisation will assist the hospital in providing patients with more effective care by implementing digital transformation.
Market Opportunities and Challenges
Asia-Pacific Hospital Furniture Market Opportunities:
- Growing need for specialised furniture: Manufacturers have a lot of opportunity to meet particular healthcare demands as a result of the growing need for specialised hospital furniture, such as paediatric, bariatric, and ICU equipment.
- Extension of medical facilities in rural areas: Increasing access to healthcare in rural areas is a priority for many Asia-Pacific nations. There are chances for hospital furniture makers to provide their products to these facilities as a result of the expansion of healthcare infrastructure in neglected regions.
- Growing use of telemedicine: As telemedicine and remote healthcare services become more common, there is an increasing demand for furniture that can facilitate online consultations and remote patient monitoring. Manufacturers who offer furniture intended for telehealth applications can take use of this potential.
Asia-Pacific Hospital Furniture Market Challenges:
- Expensive: Hospital furnishings, particularly those with cutting-edge technology, can be pricey. This expense aspect might prevent smaller healthcare facilities with tighter budgets from adopting cutting-edge furnishings, which would constrain market expansion.
- Strict standards and regulations: To guarantee patient safety and high-quality care, the healthcare sector is bound by stringent standards and regulations. Hospital furniture makers may find it difficult to comply with these standards, which could result in higher prices and delayed product introductions.
- Lack of skilled workers: Installing, maintaining, and repairing hospital furniture may be difficult due to a lack of technicians and maintenance personnel. The adoption of cutting-edge furniture solutions may be impacted by this shortage.
Market Competitive Landscape
The major key players in the Asia-Pacific Hospital Furniture Market are: Chang Gung Medical Technology Co., Ltd., GPC Medical Ltd., Hill-Rom Services, Inc., Invacare Corporation, Rolko Kohlgrüber GmbH, Stiegelmeyer GmbH & Co. KG, United Surgical Industries, Völker GmbH, Others. Continual technical improvements and fierce rivalry define the Asia-Pacific hospital furniture market. In order to set themselves apart from the competition, manufacturers emphasise patient comfort, provide cutting-edge products, and cater to the unique requirements of healthcare institutions. The need for cost-effective solutions, shifting patient expectations, and shifting healthcare policies are some of the factors influencing the market dynamics.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End Use, By Application
|
| Regions covered | Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand and rest of Asia-Pacific
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| Companies Covered | Chang Gung Medical Technology Co., Ltd., GPC Medical Ltd., Hill-Rom Services, Inc., Invacare Corporation, Rolko Kohlgrüber GmbH, Stiegelmeyer GmbH & Co. KG, United Surgical Industries, Völker GmbH, Others
|
COVID-19 Impact on Asia-Pacific Hospital Furniture Market
The Covid-19 pandemic has had a major impact on the Asia-Pacific hospital furniture business, which has seen an unprecedented spike in demand for necessities like hospital beds as a result of the growing number of Covid-19 cases. The demand for furniture with antimicrobial surfaces and easily cleaned materials has increased due to the emphasis on infection control measures. Healthcare facilities are investing more in furniture that promotes infection prevention as a result of placing a higher priority on the safety of their patients and employees. The pandemic has also accelerated the use of telemedicine, which has increased demand for furniture appropriate for telehealth consultations. Ergonomic chairs and movable tables are examples of furniture that can be used to facilitate virtual exchanges between patients and healthcare practitioners.
Key Target Audience:
- Architects and Interior Designers
- Healthcare Facilities
- Hospital Administrators
- Hospital Furniture Manufacturers
- Medical Professionals
- Patients and Caregivers
- Others
Our in-depth analysis of the Asia-Pacific Hospital Furniture Market includes the following segments:
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By Product Type: |
Bedside Tables
Chairs
Hospital Beds
Instrument Stands
Operation Theater Tables
|
|
By End Use: |
Hospitals
Medical Laboratories and Research
Medical Nursing Homes
Outpatient Clinics
|
|
By Application: |
Patient's Furniture
Physician Furniture
Staff's Furniture
Others
|
Key Topics Covered in the Report:
- Asia-Pacific Hospital Furniture Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Hospital Furniture Market
- Segmentation of Asia-Pacific Hospital Furniture Market By Product Type (Bedside Tables, Chairs, Hospital Beds, Instrument Stands, Operation Theater Tables, Scrub Sinks, Stretchers, Trolley, Waste Container, Others)
- Segmentation of Asia-Pacific Hospital Furniture Market By End Use (Hospitals, Medical Laboratories and Research, Medical Nursing Homes, Outpatient Clinics)
- Segmentation of Asia-Pacific Hospital Furniture Market By Application (Patient's Furniture, Physician Furniture, Staff's Furniture, Others)
- Statistical Snap of Asia-Pacific Hospital Furniture Market
- Expansion Analysis of Asia-Pacific Hospital Furniture Market
- Problems and Obstacles in Asia-Pacific Hospital Furniture Market
- Competitive Landscape in the Asia-Pacific Hospital Furniture Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Hospital Furniture Market
- Details on Current Investment in Asia-Pacific Hospital Furniture Market
- Competitive Analysis of Asia-Pacific Hospital Furniture Market
- Prominent Players in the Asia-Pacific Hospital Furniture Market
- SWOT Analysis of Asia-Pacific Hospital Furniture Market
- Asia-Pacific Hospital Furniture Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Hospital Furniture Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Hospital Furniture Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Hospital Furniture Market
7. Asia-Pacific Hospital Furniture Market, By Product Type (USD Million)
7.1. Asia-Pacific Hospital Furniture Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Bedside Tables
7.3. Chairs
7.4. Hospital Beds
7.5. Instrument Stands
7.6. Operation Theater Tables
7.7. Scrub Sinks
7.8. Stretchers
7.9. Trolley
7.10. Waste Container
7.11. Others
8. Asia-Pacific Hospital Furniture Market, By End Use (USD Million)
8.1. Asia-Pacific Hospital Furniture Market Value Share and Forecast, By End Use, 2023-2033
8.2. Hospitals
8.3. Medical Laboratories and Research
8.4. Medical Nursing Homes
8.5. Outpatient Clinics
9. Asia-Pacific Hospital Furniture Market, By Application (USD Million)
9.1. Asia-Pacific Hospital Furniture Market Value Share and Forecast, By Application, 2023-2033
9.2. Patient's Furniture
9.3. Physician Furniture
9.4. Staff's Furniture
9.5. Others
10. Asia-Pacific Hospital Furniture Market Forecast, 2019-2033 (USD Million)
10.1. Asia-Pacific Hospital Furniture Market Size and Market Share
11. Asia-Pacific Hospital Furniture Market, By Product Type, 2019-2033 (USD Million)
11.1. Asia-Pacific Hospital Furniture Market Size and Market Share By Product Type (2019-2026)
11.2. Asia-Pacific Hospital Furniture Market Size and Market Share By Product Type (2027-2033)
12. Asia-Pacific Hospital Furniture Market, By End Use, 2019-2033 (USD Million)
12.1. Asia-Pacific Hospital Furniture Market Size and Market Share By End Use (2019-2026)
12.2. Asia-Pacific Hospital Furniture Market Size and Market Share By End Use (2027-2033)
13. Asia-Pacific Hospital Furniture Market, By Application, 2019-2033 (USD Million)
13.1. Asia-Pacific Hospital Furniture Market Size and Market Share By Application (2019-2026)
13.2. Asia-Pacific Hospital Furniture Market Size and Market Share By Application (2027-2033)
14. Asia-Pacific Hospital Furniture Market, By Region, 2019-2033 (USD Million)
14.1. Asia-Pacific Hospital Furniture Market Size and Market Share By Region (2019-2026)
14.2. Asia-Pacific Hospital Furniture Market Size and Market Share By Region (2027-2033)
14.3. Australia
14.4. China
14.5. India
14.6. Indonesia
14.7. Japan
14.8. Malaysia
14.9. Philippines
14.10. Singapore
14.11. South Korea
14.12. Thailand
14.13. Rest of Asia-Pacific
15. Company Profile
15.1. Chang Gung Medical Technology Co., Ltd.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. GPC Medical Ltd.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Hill-Rom Services, Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Invacare Corporation
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Rolko Kohlgrüber GmbH
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. United Surgical Industries
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Völker GmbH
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
