Medical Furniture Market Size

Medical Furniture Market Size

Medical Furniture Market size exceeded USD 24.7 billion in 2019 and is projected to witness 6.7% CAGR from 2020 to 2026.

The furniture designers are persistently innovating to provide a safe, better and more comfortable experience for patients. From functionality to aesthetics, medical furniture has a higher impact on nearly every aspect of any healthcare facility. Rising funding for the improvement of healthcare infrastructure is further resulting in the development of well-furnished, well-equipped as well as advanced infrastructure in the hospital settings. Similarly, a continuous rise in the number of private hospitals across underdeveloped and developing economies will positively drive the market growth over the coming years.
 

The recent outbreak of COVID-19 across the world has significantly impacted the overall medical furniture market value. The number of patients requiring advanced medical furniture and intensive care has increased tremendously. The ongoing COVID-19 outbreak has also led to a surge in the number of patients suffering from different respiratory conditions allied with other comorbidities. Therefore, to address the patient needs and comfort the demand for medical furniture has surged creating several the industry growth opportunities.