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Jan 20, 2021: Industry InsightsThe 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.
Due to the technology advancement and viability of floor space, the storage unit is available in different sizes from small-sized units for an infant to larger sizes for the obese.
The adoption of new technology, replacement of traditional techniques and equipment are the driving factors in market growth for this segment.Regional InsightsNorth America held the largest shares in 2015.
The rising numbers of morgue houses in private hospitals, medical colleges attribute the market growth and new market opportunities.
Industry InsightsThe 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.
Due to the technology advancement and viability of floor space, the storage unit is available in different sizes from small-sized units for an infant to larger sizes for the obese.
The high demand for these equipment at private morgues and the popularity of customized storage units that assist the transfer of cadavers to its final ritual destination boost the segment growth in current the market.The other segments including the autopsy table is anticipated to grow at the fastest rate during the forecast period.