In the dynamic landscape of healthcare equipment, the Mortuary Equipment Market is set to experience significant expansion between 2023 and 2033, with an average annual growth rate of 5.8%. Projections indicate that by 2033, the market will surge from its 2023 valuation of US$1,025.8 million to an impressive US$1,807.0 million, solidifying its position as a vital component of the worldwide industry.
A confluence of factors is propelling this growth trajectory. The ageing population, coupled with the expansion of healthcare facilities including hospitals and mortuaries, alongside shorter life spans and ongoing research and development initiatives, are driving up death rates and consequently fueling demand for mortuary equipment.
Automation is playing a pivotal role in augmenting the efficiency of mortuary processes such as body embalming, autopsy, storage, and relocation. With the integration of cutting-edge technology, modern mortuary equipment not only accelerates processing times but also enhances professional convenience, reflecting a transformative shift in the industry.
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The impact of COVID-19 has also significantly influenced market dynamics. The pandemic has led to a surge in mortality rates across regions, amplifying the overall market size. For instance, between March 1, 2020, and June 30, 2020, Chennai, India, recorded a staggering 87,870 deaths. The urgent need to bolster mortuary infrastructure has resulted in substantial government investments and a growing demand for advanced mortuary equipment.
Automation is not just a matter of convenience but also addresses the challenges associated with working in mortuary environments. Automated equipment, such as moving and autopsy supplies, is witnessing increased adoption, driving global sales of mortuary equipment.
Furthermore, as populations expand, the incidence of fatalities rises, further underlining the importance of mortuary apparatus. Multicultural traditions also contribute to the demand for a comprehensive range of mortuary equipment, catering to diverse funeral practices worldwide.
In conclusion, the Mortuary Equipment Market is on an upward trajectory, fueled by demographic shifts, technological advancements, and evolving healthcare needs. As the industry continues to innovate and adapt, it is poised to play an increasingly crucial role in meeting the demands of a changing world.
In a comprehensive survey of the mortuary equipment market, regional analysis reveals promising trends across key global regions: North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe. The United States emerges as the largest and highest-growing market, boasting a robust CAGR of 5.3% from 2023 to 2033. By 2033, the U.S. market is anticipated to reach a noteworthy revenue of US$596.2 million.
The surge in demand for mortuary equipment in the United States is propelled by several factors, including the elevated mortality rate resulting from the COVID-19 pandemic, advancements in post-mortem technology, and the adoption of technologically advanced corpse storage systems.
Meanwhile, the Asia Pacific region stands out as the second-highest growing market for mortuary equipment. Within Asia Pacific, China’s market is experiencing rapid growth with a CAGR of 5.0%, while Japan follows closely with a similar CAGR. Projections indicate that by 2033, China’s market will reach a value of US$115.9 million, and Japan’s market will reach US$97.7 million.
In Europe, the United Kingdom (UK) demonstrates significant growth potential, forecasted to achieve US$74.1 million in market revenue by the end of 2033. The UK market thrives on a steady CAGR of 4.9% between 2023 and 2033, reflecting sustained demand for mortuary equipment within the region.
These regional insights underscore the global significance of mortuary equipment and highlight lucrative opportunities for market players across diverse geographical areas. As demand continues to rise driven by technological advancements and evolving healthcare needs, the mortuary equipment market is poised for sustained growth and innovation.
Recent Developments in the Mortuary Equipment Market
- SM Scientific has completed its 50 years of service and has added new equipment like Body Display Cabinets, Organ Weighing Scale, and Evidence Drying Cabinet. This has pushed the demand for mortuary equipment in new regional spaces.
- Leec Ltd has introduced its set of mortuary equipment like body storage, post-mortem spaces, dissecting, and organ weight calculator, pushing the demand for mortuary equipment in the country.
Key Players
- SM Scientific Instruments Pvt. Ltd.
- KUGEL medical GmbH & Co. KG
- Leec Ltd
- Thermo Fisher Scientific, Inc.
- Mortech Manufacturing Company, Inc.
Key Segments
By Product:
- Trolleys
- Refrigeration Units
- Autopsy Platforms and Equipment
- Embalming Workstation
- Dissection Table
- Other Accessories
By Region:
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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