March 28, 2020

Mortuary Equipment Market Is Expanding at a CAGR of 6.8% From 2017 to 2025

According to the latest report published by Credence Research, Inc. “Mortuary Equipment Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global mortuary equipment market was valued at US$ 587.9 Mn in 2016, and is expected to reach US$ 1,066.1 Mn by 2025, expanding at a CAGR of 6.8% from 2017 to 2025. 

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Market Insights:

Growing investment in healthcare facilities through the implementation of medical education institutions, private hospitals and morgues has resulted in increased purchases of mortuary equipment worldwide. The growing need for better preservation of the corpse for scientific and academic purposes and forensic testing is fueling the market for advanced mortuary equipment. Conversely, high purchase and installation costs of new automated equipment can slow down the growth of the market for mortuary equipment.

Mortuary Equipment Market

For the purpose of this report, the global market for mortuary equipment is being analyzed for items such as refrigeration systems, trolleys, stretchers and lifts, autopsy tables and workstations, cabinets and others (bags, covers, etc.). Among these, refrigeration systems, such as refrigerators and freezer cabinets, have the highest demand in the world and are leading the global sales market at about 35 per cent in 2016. Higher prices and a regular need to update refrigeration units for improved efficiency and capability mainly lead to their high demand.

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In addition, the demand for autopsy tables and workstations and trolleys, stretchers and lifts is projected to be the highest during the forecast period. Technological innovation, such as the introduction of hydraulic lifts, energy efficient workstations and related products, is the main driving force behind the development of these segments. The technological advancement of such equipment has ensured effective transport and handling of corpses and ease of use in autopsy and embalming procedures.

Geographically, Europe and North America dominate the global market for mortuary supplies. The rapid adoption of new technologies for handling and storage and replacement of outdated equipment, together with an increase in the number of private hospitals and mortuaries in both developed and emerging economies, have a significant impact on the increasing demand for mortuary equipment. The fastest-growing regional market for mortuary equipment is projected to be Asia Pacific, with the rapid evolution of healthcare infrastructure. The market for refrigeration units and mortuary products is projected to be the strongest in war-torn areas.

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Kugel Medical gmbH, Mopec, Leec Ltd. are the largest players in the global mortuary equipment market. In terms of competition, this market is highly concentrated with less than 5 companies holding over half the revenue share. Other prominent players operating on the global mortuary equipment market are C.F. di Ciro Fiocchetti & C. s.n.c., Ferno-Washington, Inc., Flexmort (Roftek Ltd.), Hygeco Lear, Mortech Manufacturing Company Inc., SM Scientific Instruments Pvt. Ltd. and Thermo Fisher Scientific.

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