India Hospital Furniture Market, India Hospital Furniture Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is The India Hospital Furniture Market Positioned? Overview: India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth by end of 2020. The medical tourism industry size has doubled from USD 3.0 billion in 2017 to USD 6.2 billion in 2018. Better treatment along with cost advantage over its peers in the West and Asia offering high- quality medical services has been the major growth driver for the healthcare industry in India. The number of hospitals has increased from ~ in 2015 to ~ in 2020. These factors have boosted the hospital furniture market in India. The market is still dependent on imports from other countries mainly due to the excellent quality, use of technology and lower prices (China). In 2020, ~% of the country’s hospital furniture revenue was met through imports. Market: The hospital furniture market has increased from ~ ₹ Crores in FY’2015 to ~ ₹ Crores in FY’2020 and witnessed a CAGR of ~% over these years. Advances in healthcare infrastructure in India have stimulated the hospital furniture industry growth in recent years. Government initiatives such as Ayushman Bharat Scheme and Make in India have led to rising healthcare establishments and increasing hospital furniture production in the country. Direct sale is the most preferred method for reaching out to the end users. Increasing focus on research & development and marketing activities, new product launches, partnerships were witnessed to be the driving factors in the industry. India Hospital Furniture Market Segmentation By Type of Products: Hospital Beds have captured major proportion of this industry’s revenue; the primary reason being large number of newly added and replaced manual and motorized beds in both older and newer healthcare facilities (~ beds in country in 2018 and replacement rate with newly added beds is ~%). Increase in number of healthcare establishments (~ in 2018), rising public healthcare expenditure (~ ₹ crore in FY’2018) and increasing number of surgeries along with acute care cases are the growth drivers of OT tables and OT lights industry. The prices of domestically manufactured products is approx. ~ of the imported products. Motorized beds are costlier as they have common features such as adjustable height for the entire bed, the head, and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices. Prices of OT Tables and OT Lights depend upon the configurations but the average prices are around ~ ₹ Crores and ~ ₹ Crores respectively in FY’2020. Stretchers are less costly as they are used majorly for transporting patients. By Organised and Unorganised Market: Around ~% revenue in the overall market is generated by the unorganized market. There are around ~ firms in the ecosystem contribution to the organized market revenue. By End-Users: Hospitals contributed the majority revenue share in the end-user segment followed by clinics and diagnostic centers. Low share of govt. spending and strong demand trends has led to increasing investment by private players. Home healthcare companies are the fastest growing end-user segment for the hospital furniture manufacturers. The new digital players emerging across the value chain -providers, pharmacies and diagnostic centers will also disrupt the industry. Competition Scenario in India Hospital Furniture Market The industry is highly competitive with around ~ 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 ~% 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 and Projections The hospital furniture market in India is expected to grow at a CAGR of ~% on the basis of revenue over the forecast period FY’2020-FY’2025. The segmentation wise share is not expected to change during the forecasted period. The market is expected to rise at a decreasing rate in 2020 and sales are expected to remain low throughout the year owing the Covid-19 pandemic. Recovery is expected in the industry from the year FY’2022 onwards. Companies are expected to focus on wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to come up with innovative solutions. The forecast period is also expected to witness collaboration & partnerships among players and with other stakeholders in the industry such as home healthcare companies, small local manufacturers, etc. 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 For More Information on the research report, refer to below link:- India Hospital Furniture Market Related Reports:- India Home Healthcare Market Outlook to 2025 (Second Edition) – By Patient Profile (Elderly Care, Post Operative Care, Physiotherapy, Palliative Care, Stroke Rehabilitation and Others), By Organized (Subscription and Non Subscription Model) and Unorganized, By Patient Age Profile and By Major Cities India Diagnostic Laboratories Market Outlook to FY’2025- By Government and Private Labs, By Radiology and Pathology, By Organized and Unorganized Players, By Business Model (Standalone, Hospital Based and Diagnostic Chains), By Cities (Tier I, Tier II and Tier III cities) and By Payment Method (Out of Pocket Expenditure, Insurance based and Corporate Spending India Medical Device Market Outlook to 2023 – by IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), by Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and by Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Arjo Huntleigh Hospital Furniture Market Revenue, ARVS (Cognate India) Hospital Furniture Market Shares, Coronavirus Impact India Hospital Furniture Industry, Coronavirus Impact India Hospital Furniture Market, Covid-19 Impact India Hospital Furniture Industry, Covid-19 Impact India Hospital Furniture Market, Evaluation Study India Hospital Furniture Market, Evaluation Summary Report India Hospital Furniture Market, Evaluative Survey India Hospital Furniture Market, Getinge Hospital Furniture Market Revenue, GPC Medical Hospital Furniture Market Shares, Hill-Rom Services Hospital Furniture Market Shares, Hospital Furniture Industry In India, Hospital Furniture Market In India, India Brownfield Hospital Projects, India Clinics Furniture Market, India Greenfield Hospital Projects, India Healthcare Companies Furniture Market, India Home Furniture Market, India Hospital Bed Innovations, India Hospital Beds Market, India Hospital Beds Market Sales, India Hospital Furniture Distributors, India Hospital Furniture Due Diligence Report, India Hospital Furniture Export Volume, India Hospital Furniture Exporting Companies, India Hospital Furniture Growth Strategy Market Report, India Hospital Furniture Import Volume, India Hospital Furniture Importing Companies, India Hospital Furniture Industry, India Hospital Furniture Industry Research Report, India Hospital Furniture Manufacturers, India Hospital Furniture Market, India Hospital Furniture Market Analysis, India Hospital Furniture Market Competition, India Hospital Furniture Market Competition Benchmarking, India Hospital Furniture Market Evaluation Report, India Hospital Furniture Market Forecast, India Hospital Furniture Market Future Outlook, India Hospital Furniture Market Growth, India Hospital Furniture Market Major Players, India Hospital Furniture Market Research Report, India Hospital Furniture Market Revenue, India Hospital Furniture Market Revenue Forecasting, India Hospital Furniture Market Sales Volume, India Hospital Furniture Market Shares, India Hospital Furniture Market Size, India Hospital Furniture Market Supply, India Hospital Furniture Market Trends, India Hospital Furniture Technology Market, India Hydraulic Stretchers Market, India Original Equipment Manufacturers, India OT Lights (Operating table) Market, India OT Tables (Operating table) Market, India Patient Aid Market, India Single Fold Stretchers Market, India Stretchers Market, India Total Number of Hospitals, India Trolley Based Stretchers Market, Indian Healthcare Sector, Indian Hospital Furniture Industry, Indian Hospital Furniture Market, Industry Research Report Of India Hospital Furniture, Market Research Report Of India Hospital Furniture, Midmark India Pvt. Ltd. (Janak Healthcare) Hospital Furniture Market Size, Narang Medical Hospital Furniture Market Revenue, Narang Medical Sales Volume, Paramount Bed Holdings Hospital Furniture Market Size, PMT Healthcare Hospital Furniture Market Revenue, Qualisurge Surgicals (Bharat Surgical Co.) Hospital Furniture Market Size, Social Evaluation Research India Hospital Furniture Market, Steelcraft Hospital Furniture Industries– Vissco Group Hospital Furniture Market Sales, Stryker Corporation Hospital Furniture Market Shares, Write An Evaluation Report On India Hospital Furniture Market