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India Hospital Furniture Market Outlook to FY’2025- By Type of Products (Hospital Beds, OT Tables, OT Lights, Stretchers and Others), By Organised and Unorganised Market, By End Users (Hospitals, Clinics and Diagnostic Chains and Home Healthcare Companies)

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The report titled “India Hospital Furniture Market Outlook to FY’ 2025- By Type of Products (Hospital Beds, OT Tables, OT Lights, Stretchers and Others), By Organised and Unorganised Market, By End Users (Hospitals, Clinics and Diagnostic Chains and Home Healthcare Companies) provides a comprehensive analysis on the status of the hospital furniture manufacturing industry in India. The report covers various aspects including the market size, value chain, ecosystem, market segmentation by value and volume, industry structure in the country, demand and supply analysis, growth facilitators, bottlenecks faced by the industry, government initiatives and more. The report concludes with projections for future of the industry including forecasted market size & segmentation in terms of revenue by 2025, COVID-19 impact and analysts’ take on the future.

India Hospital Furniture Market Overview and Size:

India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth by 2020. Increasing public healthcare expenditure in India at a CAGR of 14.6% over the last 5 years and cost advantage over its peers in the West and Asia offering high- quality medical services has led to the increasing demand of hospital furniture by the hospitals and other end users. The India Hospital Furniture industry has grown at a CAGR of 7.0% on the basis of revenue over the period 2015-2020.  Growth of ~25% in medical tourism is one of the largest growth drivers for this industry. Medical tourism industry size has doubled from USD 3.0 billion in 2017 to USD 6.2 billion in 2018.

India Hospital Furniture Market Segmentations:

By Type of Products: Hospital Beds contributed the major chunk of revenue in 2019 on the basis of revenue owing to the high sales volume. Motorized or electrical beds have been the most demanded furniture product for big private hospitals attributed to the growing number of patients requiring bariatric care as well as the rising geriatric population. OT Tables and OT lights are the other major segments owing to the high price associated with these products. Stretchers and other products contribute a smaller share owing to the low prices and low volume requirement.

By Organised and Unorganised Market: Unorganised segment dominates the revenue share because of the fragmented nature of the market and the lack of regulatory authority and guidelines. There is a need for conferring to benchmark for quality standards of devices which are lacking because of which poor quality products have captured a significant proportion of the market. It is anticipated that the industry will soon come under the umbrella of a recognized body to maintain the standards.

By End Users: Hospitals contributed the majority revenue share in the end-user segment. Low share of government spending and strong demand trends has led to increasing investment by private players.  Home healthcare is one of the growing segments as people are getting more and more aware about the benefits of availing healthcare services at home.

Competitive Landscape of India Hospital Furniture Market

The industry is highly competitive with around 220 manufacturing firms present in the market. The industry is still dependent on imports owing to the use of excellent quality and patient friendly products. Moreover, the raw material and the parts are imported majorly from China basis the low cost of products. The market is highly fragmented with the leading local players namely Midmark, Steelcraft, Narang Medical, PMT Healthcare, GPC Medical capturing <10.0% of the market share in FY’2019. These players compete on the basis of parameters such as product pricing, distribution network, product quality, clientele, partnerships, product innovation, customer support and more.

India Hospital Furniture Market Future Outlook & Projections

The hospital furniture industry is expected to recover from the Covid-19 pandemic and witness growth by end of 2021. The growth of end-user entities including hospitals and home healthcare companies is expected to drive the growth of the industry. Indian medical tourism industry is growing at the rate of 18% y-o-y and is expected to reach USD 9bn by end of 2020-21, thereby showcasing the need of healthcare establishments. The adoption of higher quality and technology-centric products by local manufacturers is also expected to increase over the forecast period. Government initiatives such as Make in India and Ayushman Bharat Scheme are expected to boost the healthcare furniture industry in India.

Key Segments Covered

  • By Type of Products

Hospital Beds (Manual and Motorized)

OT Tables (Local and Imported)

OT Lights (Local and Imported)

By Stretchers (Single Fold, Trolley Based and Hydraulic)

Others

  • By End Users

Hospitals

Clinics and Diagnostic Chains

Home Healthcare Companies

Companies Covered

Arjo Huntleigh

Hill-Rom Services Inc

Paramount Bed Holdings

Stryker Corporation

Narang Medical

Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco Group

Midmark India Pvt. Ltd. (Janak Healthcare)

Getinge

GPC Medical

Qualisurge Surgicals (Bharat Surgical Co.)

ARVS (Cognate India)

PMT Healthcare

Key Target Audience

Hospital Furniture Manufacturing Companies

Hospital Furniture Exporting Companies

Hospital Furniture Importing Companies

Original Equipment Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period – 2020-2025

Key Topics Covered in the Report

India Healthcare Industry Overview

Key Market Drivers- India Healthcare Industry

Industry Landscape- Indian Hospital Furniture Manufacturers

India Hospital Furniture Industry Size, FY’2015-FY’2020

Government Schemes & Initiatives for Healthcare Industry

Demand and Supply Side Analysis – Hospital Furniture Industry

Industry SWOT Analysis

Key Factors Determining the Choice of Hospital Furniture

Bottlenecks Faced by Hospital Furniture Industry

Import and Export Scenario- Hospital Furniture Market

Competitive Landscape of India Hospital Furniture Market

Future Market Size and Segmentations, FY’2020-FY’2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

READ MORE

Table Of Content

Scope

1.   Executive Summary

2.   Overview of Indian Healthcare Sector

Indian Healthcare Sector

Regional Spread of Hospitals and Hospital Beds in India

Key Market Drivers- India Healthcare Industry

3.   Industry Landscape- Indian Hospital Furniture Manufacturers

India Hospital Furniture Ecosystem

Hospital Furniture Value Chain

Pivotal Role of Hospital Furniture Manufacturers in India

Geographical Presence of Hospital Furniture Manufacturers

India Hospital Furniture Industry Size, FY’2015-FY’2020

India Hospital Furniture Industry Structure

Market Trends Facilitating Robust Growth

Growth Drivers and New/Upcoming Technologies

Government Schemes & Initiatives for Healthcare Industry

4.   Demand and Supply Side

Demand Side Analysis - End User Perspective

India Hospital Beds Market, FY’2015-FY’2020

Hospital Beds Segmentation by Manual and Motorized, FY’2020

India OT Tables Market, FY’2015-FY’2020

OT Tables Segmentation by Local and Imported, FY’2020

India OT Lights Market, FY’2015-FY’2020

OT Lights Segmentation by Local and Imported, FY’2020

India Stretchers Market, FY’2015-FY’2020

Other Hospital Products & End User, FY’2015-FY’2020

SWOT Analysis

Hospital Furniture Pricing Analysis

Key Factors Determining the Choice of Hospital Furniture

Bottlenecks Faced by Hospital Furniture Industry

5.   Import and Export Scenario

Export Scenario of India Hospital Furniture Market

Import Scenario of India Hospital Furniture Market

6.   Competitive Landscape of India Hospital Furniture Market

Competition Scenario in India Hospital Furniture Manufacturing Market

Heat Map of Major Players

Company Profile: Arjo Huntleigh

Company Profile: Hill-Rom Services Inc

Company Profile: Paramount Bed Holdings

Company Profile: Stryker Corporation

Company Profile: Narang Medical

Company Profile: Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco

Company Profile: Midmark India Pvt. Ltd. (Janak Healthcare)

Company Profile: Getinge

7.   Future Analysis

Future Outlook of India Hospital Furniture Industry, FY’2020-FY’2025F

Future Segmentation of the India Hospital Furniture Industry, FY’2020-FY’2025F

Upcoming Planned Investments in Hospitals in India

Indian Hospital Furniture Industry - 360° Approach

8.   COVID-19 Impact Analysis

Impact of COVID-19: The New Normal

9.   Analyst Recommendations

10. Appendix

Research Methodology

Disclaimer

Contact Us

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License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
User Sharing Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
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Copy Option :Yes :No
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INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products and Companies

Products

Key Segments Covered

  • By Type of Products

Hospital Beds (Manual and Motorized)

OT Tables (Local and Imported)

OT Lights (Local and Imported)

By Stretchers (Single Fold, Trolley Based and Hydraulic)

Others

  • By End Users

Hospitals

Clinics and Diagnostic Chains

Home Healthcare Companies

Key Target Audience

Hospital Furniture Manufacturing Companies

Hospital Furniture Exporting Companies

Hospital Furniture Importing Companies

Original Equipment Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period – 2020-2025


Companies

Companies Covered

Arjo Huntleigh

Hill-Rom Services Inc

Paramount Bed Holdings

Stryker Corporation

Narang Medical

Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco Group

Midmark India Pvt. Ltd. (Janak Healthcare)

Getinge

GPC Medical

Qualisurge Surgicals (Bharat Surgical Co.)

ARVS (Cognate India)

PMT Healthcare

The report titled “India Hospital Furniture Market Outlook to FY’ 2025- By Type of Products (Hospital Beds, OT Tables, OT Lights, Stretchers and Others), By Organised and Unorganised Market, By End Users (Hospitals, Clinics and Diagnostic Chains and Home Healthcare Companies) provides a comprehensive analysis on the status of the hospital furniture manufacturing industry in India. The report covers various aspects including the market size, value chain, ecosystem, market segmentation by value and volume, industry structure in the country, demand and supply analysis, growth facilitators, bottlenecks faced by the industry, government initiatives and more. The report concludes with projections for future of the industry including forecasted market size & segmentation in terms of revenue by 2025, COVID-19 impact and analysts’ take on the future.

India Hospital Furniture Market Overview and Size:

India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth by 2020. Increasing public healthcare expenditure in India at a CAGR of 14.6% over the last 5 years and cost advantage over its peers in the West and Asia offering high- quality medical services has led to the increasing demand of hospital furniture by the hospitals and other end users. The India Hospital Furniture industry has grown at a CAGR of 7.0% on the basis of revenue over the period 2015-2020.  Growth of ~25% in medical tourism is one of the largest growth drivers for this industry. Medical tourism industry size has doubled from USD 3.0 billion in 2017 to USD 6.2 billion in 2018.

India Hospital Furniture Market Segmentations:

By Type of Products: Hospital Beds contributed the major chunk of revenue in 2019 on the basis of revenue owing to the high sales volume. Motorized or electrical beds have been the most demanded furniture product for big private hospitals attributed to the growing number of patients requiring bariatric care as well as the rising geriatric population. OT Tables and OT lights are the other major segments owing to the high price associated with these products. Stretchers and other products contribute a smaller share owing to the low prices and low volume requirement.

By Organised and Unorganised Market: Unorganised segment dominates the revenue share because of the fragmented nature of the market and the lack of regulatory authority and guidelines. There is a need for conferring to benchmark for quality standards of devices which are lacking because of which poor quality products have captured a significant proportion of the market. It is anticipated that the industry will soon come under the umbrella of a recognized body to maintain the standards.

By End Users: Hospitals contributed the majority revenue share in the end-user segment. Low share of government spending and strong demand trends has led to increasing investment by private players.  Home healthcare is one of the growing segments as people are getting more and more aware about the benefits of availing healthcare services at home.

Competitive Landscape of India Hospital Furniture Market

The industry is highly competitive with around 220 manufacturing firms present in the market. The industry is still dependent on imports owing to the use of excellent quality and patient friendly products. Moreover, the raw material and the parts are imported majorly from China basis the low cost of products. The market is highly fragmented with the leading local players namely Midmark, Steelcraft, Narang Medical, PMT Healthcare, GPC Medical capturing <10.0% of the market share in FY’2019. These players compete on the basis of parameters such as product pricing, distribution network, product quality, clientele, partnerships, product innovation, customer support and more.

India Hospital Furniture Market Future Outlook & Projections

The hospital furniture industry is expected to recover from the Covid-19 pandemic and witness growth by end of 2021. The growth of end-user entities including hospitals and home healthcare companies is expected to drive the growth of the industry. Indian medical tourism industry is growing at the rate of 18% y-o-y and is expected to reach USD 9bn by end of 2020-21, thereby showcasing the need of healthcare establishments. The adoption of higher quality and technology-centric products by local manufacturers is also expected to increase over the forecast period. Government initiatives such as Make in India and Ayushman Bharat Scheme are expected to boost the healthcare furniture industry in India.

Key Segments Covered

  • By Type of Products

Hospital Beds (Manual and Motorized)

OT Tables (Local and Imported)

OT Lights (Local and Imported)

By Stretchers (Single Fold, Trolley Based and Hydraulic)

Others

  • By End Users

Hospitals

Clinics and Diagnostic Chains

Home Healthcare Companies

Companies Covered

Arjo Huntleigh

Hill-Rom Services Inc

Paramount Bed Holdings

Stryker Corporation

Narang Medical

Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco Group

Midmark India Pvt. Ltd. (Janak Healthcare)

Getinge

GPC Medical

Qualisurge Surgicals (Bharat Surgical Co.)

ARVS (Cognate India)

PMT Healthcare

Key Target Audience

Hospital Furniture Manufacturing Companies

Hospital Furniture Exporting Companies

Hospital Furniture Importing Companies

Original Equipment Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period – 2020-2025

Key Topics Covered in the Report

India Healthcare Industry Overview

Key Market Drivers- India Healthcare Industry

Industry Landscape- Indian Hospital Furniture Manufacturers

India Hospital Furniture Industry Size, FY’2015-FY’2020

Government Schemes & Initiatives for Healthcare Industry

Demand and Supply Side Analysis – Hospital Furniture Industry

Industry SWOT Analysis

Key Factors Determining the Choice of Hospital Furniture

Bottlenecks Faced by Hospital Furniture Industry

Import and Export Scenario- Hospital Furniture Market

Competitive Landscape of India Hospital Furniture Market

Future Market Size and Segmentations, FY’2020-FY’2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

READ MORE

Scope

1.   Executive Summary

2.   Overview of Indian Healthcare Sector

Indian Healthcare Sector

Regional Spread of Hospitals and Hospital Beds in India

Key Market Drivers- India Healthcare Industry

3.   Industry Landscape- Indian Hospital Furniture Manufacturers

India Hospital Furniture Ecosystem

Hospital Furniture Value Chain

Pivotal Role of Hospital Furniture Manufacturers in India

Geographical Presence of Hospital Furniture Manufacturers

India Hospital Furniture Industry Size, FY’2015-FY’2020

India Hospital Furniture Industry Structure

Market Trends Facilitating Robust Growth

Growth Drivers and New/Upcoming Technologies

Government Schemes & Initiatives for Healthcare Industry

4.   Demand and Supply Side

Demand Side Analysis - End User Perspective

India Hospital Beds Market, FY’2015-FY’2020

Hospital Beds Segmentation by Manual and Motorized, FY’2020

India OT Tables Market, FY’2015-FY’2020

OT Tables Segmentation by Local and Imported, FY’2020

India OT Lights Market, FY’2015-FY’2020

OT Lights Segmentation by Local and Imported, FY’2020

India Stretchers Market, FY’2015-FY’2020

Other Hospital Products & End User, FY’2015-FY’2020

SWOT Analysis

Hospital Furniture Pricing Analysis

Key Factors Determining the Choice of Hospital Furniture

Bottlenecks Faced by Hospital Furniture Industry

5.   Import and Export Scenario

Export Scenario of India Hospital Furniture Market

Import Scenario of India Hospital Furniture Market

6.   Competitive Landscape of India Hospital Furniture Market

Competition Scenario in India Hospital Furniture Manufacturing Market

Heat Map of Major Players

Company Profile: Arjo Huntleigh

Company Profile: Hill-Rom Services Inc

Company Profile: Paramount Bed Holdings

Company Profile: Stryker Corporation

Company Profile: Narang Medical

Company Profile: Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco

Company Profile: Midmark India Pvt. Ltd. (Janak Healthcare)

Company Profile: Getinge

7.   Future Analysis

Future Outlook of India Hospital Furniture Industry, FY’2020-FY’2025F

Future Segmentation of the India Hospital Furniture Industry, FY’2020-FY’2025F

Upcoming Planned Investments in Hospitals in India

Indian Hospital Furniture Industry - 360° Approach

8.   COVID-19 Impact Analysis

Impact of COVID-19: The New Normal

9.   Analyst Recommendations

10. Appendix

Research Methodology

Disclaimer

Contact Us

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
User Sharing Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Print Option
Copy Option :Yes :No
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate)
Deliverable Format :via Email :via Email ; :via Email Printed Publication/ Book by Post ; :via Email
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.
To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

Key Segments Covered

  • By Type of Products

Hospital Beds (Manual and Motorized)

OT Tables (Local and Imported)

OT Lights (Local and Imported)

By Stretchers (Single Fold, Trolley Based and Hydraulic)

Others

  • By End Users

Hospitals

Clinics and Diagnostic Chains

Home Healthcare Companies

Key Target Audience

Hospital Furniture Manufacturing Companies

Hospital Furniture Exporting Companies

Hospital Furniture Importing Companies

Original Equipment Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period – 2020-2025


Companies

Companies Covered

Arjo Huntleigh

Hill-Rom Services Inc

Paramount Bed Holdings

Stryker Corporation

Narang Medical

Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco Group

Midmark India Pvt. Ltd. (Janak Healthcare)

Getinge

GPC Medical

Qualisurge Surgicals (Bharat Surgical Co.)

ARVS (Cognate India)

PMT Healthcare