Industry Insights
The global
mortuary equipment market size was valued at USD
678.7 million in 2016. High demand for technology and automation in mortuary
procedures such as post-mortem and shifting of cadavers as well as increasing
number of morgue houses are expected to fuel the industry growth over the
forecast period.
In the recent years, a
sharp rise in number of hospitals is observed due to the population growth,
advancement in healthcare technology, rising incidences of chronic diseases and
elevated healthcare expenditure by the government and individual. The morgues
numbers also rise with a large number of running hospitals. The private morgues
also mark their presence as the death industry came out as a revenue generated
industry in past few years. The private morgue houses also provide customized
funeral services to their customer. Thus, the market is anticipated to grow at
the fastest rate during the forecast period.
The automation and
technology advancement such as new advanced automatic devices namely embalming
platforms, dissection table, and autopsy platform has the high impact on the
market growth and rises the demand for mortuary accessories and equipment. The
new amalgamation in such equipment augment the compliance for healthcare
professionals for instants, the amalgamation of the mechatronics and hydraulics
in these equipment enhance the handiness of healthcare professionals and time
for the operation procedures.
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Key Questions
Answered
·
What are the sales or revenue produced by Mortuary
Equipment products beyond all sectors during the forecast period?
·
What are the key trends in the Mortuary
Equipment market?
·
What are the leading drivers, limitations, and probabilities
in the industry?
·
Which segment will gain the highest revenue worldwide
and which product segment will expand at the fastest CAGR during the forecast
period?
·
In which region the Mortuary Equipment
market to project lucrative CAGR during the forecast period?
Regional Insights
North America held the
largest shares in 2015. The availability of enormous quantities of private and
hospital morgues, adoption of new techniques and technological products
justifies the market dominance of North America region. The tradition of
performing the final ritual in Christianity that is followed in North America
demands the body burial and that requires the body storage for long period of
time. Thus, the requirement for the body storage and body embalming process are
very high in this region.
Asia Pacific is anticipated
grow at the fastest rate during the forecast period. The increased number of
hospitals and healthcare expenditure in this region plays an important role in
market growth. The rising numbers of morgue houses in private hospitals,
medical colleges attribute the market growth and new market opportunities. The
replacement of conventional devices by sophisticated ones and promising the
role of local players in new technology adoption and product export policies
are the key responsible factors for the market growth in Asia Pacific region.
Competitive Outlook
Currently, the market is
highly fragmented due to the role of the local player. Mortech Manufacturing
and SM Scientific Instruments Pvt. Ltd has started their market expansion by
supplying their products internationally. Many of the local companies from
China and India provides the equipments in less price compare to the world as a
result of this the demand in this market is rising.
The key player in mortuary
market includes C.F. di Ciro Fiocchetti & C. s.n.c, SM Scientific
Instruments Pvt. Ltd, Leec Ltd, Thermo Fisher Scientific, Inc, Mortech
Manufacturing Company Inc, KUGEL medical GmbH & Co. KG , HYGECO, Mopec,
Mortuary Lift Company, and Roftek Ltd.
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