Mortuary Equipment Market Size, Share, Growth, Trend and Industry Analysis Report, 2018 to 2025by Susan Hill Business Consultant
The global mortuary equipment market is expected to reach USD 1.23 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for automation in mortuary-related procedures, including autopsy, body embalming, shifting, and storage has resulted in technological advancements in these equipment. Growing usage of advanced devices is expected to drive the market during the forecast period.
opportunities in private healthcare sector provide huge scope for increase in
the number of hospitals, thus, increasing the number of morgues. In addition,
the entry of private morgues, which also offer funeral services, is expected to
play an important role in increasing the demand for these equipment during the
forecast years. Introduction of technically advanced devices that reduce
procedural timings and increase convenience of the professionals is anticipated
to drive the market.
In addition, cultural factors, such as funeral traditions, have varying impacts on the market growth. In regions where Christianity is dominant, the demand for private morgue services is high. On the other hand, as per Hindu and Buddhist traditions the dead are cremated; hence, in regions where other religions are prevalent, the usage of morgue, is limited to hospitals.
Further Key Findings from the Study Suggest:
- The study
suggests that refrigeration unit segment captured the largest share in
2016. High demand for the customized storage units and usage of different
size refrigeration units for optimizing space are driving growth
- Huge focus on
developing innovative technologies in autopsy devices, including platform
and other accessories, used in the procedure
preference of funeral procedures from burial to cremation in order to save
costs is expected to hamper the growth rate of embalming workstation
- North America
dominated this industry in 2015, with the U.S. capturing the largest share
- Higher demand
for private morgues and faster adoption of advanced technologies are the
factors driving growth in this region
- Asia pacific is
expected to exhibit the fastest growth during the forecast period. Growing
number of hospitals and emergence of local players are the factors
expected to fuel the growth.
- Few of the
major companies operating in the market include Leec Ltd; Roftek Ltd;
KUGEL medical GmbH & Co. KG; SM Scientific Instruments Pvt. Ltd.;
Thermo Fisher Scientific, Inc.; HYGECO; Mortech Manufacturing Company,
Inc.; C.F. di Ciro Fiocchetti & C. s.n.c.; and Mortuary Lift Company.
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Created on Sep 11th 2019 08:38. Viewed 181 times.