Mortuary Equipment Market to Reach $1.6 Bn, Globally, by 2031 at 6.5% CAGR: Allied Market Research

Increase in mortality rate due to chronic diseases drives the growth of the global mortuary equipment market.

PORTLAND, Ore., Oct. 10, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Mortuary Equipment Market By Product (Body transporters and trays, Autopsy tables, Refrigerators, Mortuary cabinets, Crematoriums, Other), By Type (Manual, Automated), By End User (Hospitals, Forensic labs, Research organizations, Medical educational institutions): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global mortuary equipment industry was estimated at $863.8 million in 2021, and is anticipated to hit $1.6 billion by 2031, registering a CAGR of 6.5% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.

Download Free Sample Report (353 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/10821

Determinants of growth:

Increase in mortality rate due to chronic diseases drives the growth of the global mortuary equipment market. Moreover, rise in adoption of technologically advanced devices such as dissection tables, autopsy platforms, and embalming platforms across the world has supplemented the growth even more. On the other hand, high cost of mortuary equipment impedes the growth to some extent. However, emerging healthcare market in the developing countries is expected to create significant opportunities for the key players in the industry.

Covid-19 scenario:

• Rise in mortality rate in most countries increased the demand for mortuary equipment. The fact that this equipment has been proven to be very helpful in safely disposing of dead bodies impacted the global mortuary equipment market positively.
• Surge in demand for advanced mortuary equipment boosted the market even more.

The body transporters and trays segment to dominate by 2031:

By product, the body transporters segment contributed to nearly one-third of the global mortuary equipment market share in 2021, and is expected to lead the trail by 2031. The same segment is also anticipated to portray the fastest CAGR of 7.2% during the forecast period. Rise in the mortality rate and increase in adoption of advanced body transportation systems and trays drive the segment growth.

The manual segment to maintain the lion's share:

Based on type, the manual segment generated around three-fifths of the global mortuary equipment market revenue in 2021, and is expected to lead the trail by 2031. The same segment would also manifest the fastest CAGR of 7.0% from 2022 to 2031, owing to increase in demand for body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, which are used to preserve and keep the dead bodies.

Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/10821

The hospitals segment to lead the trail:

Based on end-user, the hospitals segment held more than two-fifths of the global mortuary equipment market revenue in 2021. Simultaneously, the same segment would also garner the fastest CAGR of 7.5% during the forecast period. Rise in the number of private hospitals & mortuaries and high adoption rate of advanced technologies provided by private hospitals propel the segment growth.

North America garnered the major share in 2021:

Based on region, North America held the major share in 2021, generating around two-fifths of the global mortuary equipment market. This is attributed to rise in the number of private hospitals, adoption of technologically advanced products, and development of automated devices such as dissection tables, autopsy platforms, and embalming platforms. The Asia-Pacific region, on the other hand, would garner the fastest CAGR of 7.5% by 2031. This is due to rise in cancer patients and increase in the mortality rate in emerging countries such as Japan, India, and China.

Key players in the industry:

• C.F. di Ciro Fiocchetti & C. s.n.c
• Hickey & Co.
• HYGECO
• LEEC Ltd
• Mopec Inc.
• Barber of Sheffield
• Mortech Manufacturing Company Inc.
• KUGEL Medical GmbH & Co. KG
• Mortuary Lift Company
• SM Scientific Instruments Pvt. Ltd.
• SOVA Motion
• Span Surgical Co
• Thermofisher Scientific Inc.
• EIHF Isofroid

The report analyzes these key players in the global mortuary equipment market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

Surgical lights Market by Type (Halogen and LED Lights) and Application (Cardiac Surgery, Gynecological Surgery, Neurosurgery, ENT Surgery, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

Neurodiagnostics Market by Product (Diagnostic & Imaging System and In-Vitro Diagnostics), Condition (Neuro Degenerative Disease, Epilepsy, Stroke, Headache Disorder, Sleep Disorder, and Others), and End User (Hospitals & Surgery Centers, Diagnostic Laboratories & Imaging Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Home Medical Equipment Market by Functionality (Therapeutic Equipment, Patient Monitoring Equipment, and Mobility Assist & Patient Support Equipment) and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Retailers): Opportunity Analysis and Industry Forecast, 2020-2030

Cancer Diagnostics Market by Product (Consumables and Instruments), Application (Breast Cancer, Breast Cancer, Lung Cancer, Blood Cancer, Colorectal Cancer, Skin Cancer, Ovarian Cancer, Prostate Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, Cervical Cancer, and Others), and End Use (Hospitals & Clinics, Diagnostic Laboratories, Diagnostic Centers, and Research Institutes): Opportunity Analysis and Industry Forecast, 2021-2030

Genome Editing Market by Application (Cell Line Engineering, Genetic Engineering, Drug Discovery, Gene-modified Cell Therapy, Diagnostics, and Other Applications), Technology (CRISPR, TALEN, ZFN, and Other Technologies), and End User (Academics & Government Institutes, Biotechnology & Pharma Companies, and Contract Research Organizations): Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on Blog: https://www.globalhealthcareindustry.com/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg