Booming Healthcare Sector is Likely to Drive the Growth of Health Furniture Market in Future, according to Research Nester

Global health furniture market is envisioned to witness a robust growth during the forecast period. Global market of health furniture is likely to grow at a considerable compound annual growth rate (CAGR) during the forecast period i.e. 2017-2024.Further, the market is thriving on the back of rapid enhancements in healthcare infrastructure across all regions.

“Global Health Furniture Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”

The global health furniture market is segmented by application into office, lobby & waiting areas, exam & treatment areas, support staff’s furniture, patient rooms, and others. Among these segments, office, lobby & waiting areas segment is expected to witness considerable growth during the forecast period. Hospital authorities are highly spending on office, lobby & waiting areas to give them lavish look. Further, rapid emergence of new hospitals is a major factor which is likely to escalate the demand for health furniture in office, lobby & waiting areas.

Global Health Furniture Market is expected to register a notable CAGR over the forecast period. Moreover, the health furniture market is thriving on the back of growing healthcare sector across the globe. Rising occurrence of diseases has led governments of developing and developed countries to enhance their healthcare infrastructure. This factor is predicted to bolster the growth of market in near future.

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The North America segment by region dominated the overall health furniture market in previous years. Large numbers of hospitals, well established healthcare infrastructure are major reasons which are expected to drive the growth of healthcare furniture market in this region overt the forecast period. However, Asia Pacific health furniture market is expected to rise as fastest growing market in upcoming years.

Rising Medical Tourism

Rising prevalence of diseases is a major factor which is likely to drive the growth of market in upcoming years. Population suffering from various diseases is continuously seeking for effective treatment and are travelling to various places to get proper medical attention. Further, rising health tourism across the globe is expected to bolster the growth of market across all regions.

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Favourable Government Initiatives and Programmes

Governments of developing countries are continuously taking various initiatives to enhance the healthcare infrastructure to fulfill the medical requirement of the country. For instance, the government of India announced, that government will increase the total health expenditure to 2.5% of GDP by 2025.  However, high cost of some experimental furniture is a key factor which is likely to inhibit the growth of the health furniture market in the near future.

The report titled “Global Health furniture Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global health furniture market in terms of market segmentation by product type, by application, by material, by distribution channel, by price range and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global health furniture market which includes company profiling of Knoll Inc., Stryker Corporation, Haworth Inc., Herman Miller, Inc., Steelcase Inc., Stance Healthcare Inc., Trinity Furniture Incorporated, Anetic Aid, DRE Medical, GPC Medical Ltd., and other notable players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global health furniture market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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