Potential Landscape of Hospital Furniture Market: Strategic Acquisitions and Developments | UnivDatos

 An Upcoming Era of Hospital Furniture Blades, Hospital furniture is an essential component of a healthcare center, it consists of a variety of specialized tools and items specifically designed for medical environments. This category encompasses hospital beds, examination tables, surgical tables, patient chairs, bedside tables, medical carts, and specialized storage units.

According to the UnivDatos Market Insights analysis, the rising number of hospital admissions and the surge in investments in the healthcare sector will drive the global scenario of the hospital furniture market and as per their “Hospital Furniture Blades Market” report, the global market was valued at USD 8.2 billion in 2022, growing at a CAGR of 8.5% during the forecast period from 2023 - 2030 to reach USD 16.1 billion by 2030.

These items are custom-made to support patient care, treatment, and medical procedures conducted in hospitals and clinics. Technological advancements in hospital furniture play a crucial role in patient care and comfort. Smart beds, ergonomic designs, and adjustable features enhance patient recovery, reduce bedsores, and assist healthcare providers in delivering better care. Features like integrated monitoring systems also improve patient safety by providing real-time data to healthcare professionals. Additionally, specialized furniture can accommodate various medical procedures, contributing to the overall efficiency and effectiveness of healthcare delivery. For the same purpose, companies have been trying several approaches to magnify their devices and amplify their product portfolio. The approaches include strategic acquisitions, collaborations, and advanced research activities to provide enhanced patient care.

· Canada’s Stance Healthcare Acquired Plural Studios:

In November 2023, Stance Healthcare, a leading furniture manufacturer in Canada for healing environments, announced the acquisition of Plural Studios, a maker of adaptive furniture for healing, business, learning, and hospitality. The two companies will begin working together immediately, with the transaction expected to close in or about January 2024.

· Stryker Launched a New Smart Stretcher:

In September 2023, U.S.-based Stryker, one of the world’s leading medical technology companies, introduced Prime Connect, the first smart, connected hospital stretcher designed to support fall prevention protocols from anywhere in a healthcare facility.

· Dozee and Midmark Collaborated to Launch Advanced Patient Monitoring Beds:

In August 2022, Dozee and Midmark launched India’s first intelligent connected bed with embedded contactless remote patient monitoring (RPM) and an early warning system (EWS).

· Godrej Launched a New Range of Hospital Beds:

In January 2021, Godrej, India’s leading furniture solutions brand, in-home, and institutional segments, has launched a unique range of platform beds-Acura. This range of hospital beds is a unique concept where the customer can upgrade their existing manual Acura bed to motorized functions. With the new range, Godrej Interio has aimed to address the need for functional, suitable infrastructure for hospitals in urban and rural India.

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Scope of Improvement: The market is full of obstacles, however, there is a steady increase in the growth of the hospital furniture market. As this dynamic market continues to expand and develop, it is indicative of a strong ambition to introduce better technology-integrated hospital furniture. The healthcare industry is constantly innovating and redefining its environment in all possible directions to identify efficient treatment options for enhanced patient care.

Conclusion:

The hospital furniture market is still in its early stages of development, due to the industry's history of rapid expansion and growth. One of the most exciting developments in the market is the development of improved medical devices, which is supported by government funding for the introduction of advanced devices in regional healthcare centers. Government initiatives are a major factor in the formation of the hospital furniture market. Furthermore, increased investment in technological development further increases the market's potential. Conclusively, the hospital furniture market is facing unique challenges but is making significant progress toward the development of improved patient care. This emerging market has the potential to contribute to global efforts in the development of patient monitoring systems.

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