Global Mortuary Equipment Market Poised for Steady Growth at 5.8% CAGR to a Substantial US$ 1,807.0 Million by 2033.

Global Mortuary Equipment Market
Global Mortuary Equipment Market

The global mortuary equipment market is anticipated to experience steady growth, expanding between 2023 and 2033 at a compound annual growth rate (CAGR) of 5.8%. According to this trajectory, the market value is expected to increase from US$ 1,025.8 million in 2023 to a substantial US$ 1,807.0 million by 2033.

Some of the main factors increasing the demand for mortuary bags are an increase in the frequency of diseases and pandemics, as well as an increase in traffic accidents. The death toll from auto accidents has increased recently.

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Future epidemics and pandemics are predicted to occur more frequently, which will accelerate the growth of the mortuary bag business. High-quality mortuary bags are required in cases of fatalities caused by viruses. The virus can continue to spread even after an infected person passes away. Worldwide demand for mortuary bags has increased as a result of the development of diseases and pandemics including COVID-19, Ebola, MERS-CoV, and avian flu in recent years.

Moreover, the market for mortuary bags is anticipated to grow during the course of the projected period due to the increasing prevalence of a number of non-communicable diseases.

Several key factors are contributing to this market growth:

  • Expanding Healthcare Infrastructure: The growing number of morgues and hospitals worldwide, coupled with an aging population, is driving the demand for mortuary equipment. As life expectancy fluctuates and the geriatric population increases, the need for mortuary services rises accordingly.
  • Focus on Research and Development: Research and development programs aimed at improving mortuary practices are also influencing the market. These programs explore advancements in embalming, storage, and overall efficiency, leading to the development of innovative equipment.
  • Automation Revolutionizes Mortuary Procedures: The integration of automation technologies into mortuary procedures is a significant growth driver. This automation encompasses body handling, embalming, storage, and transportation. Advanced equipment streamlines these processes, reducing processing times and enhancing convenience for mortuary professionals.
  • Chronic Diseases and Mortality Rates: The rising prevalence of chronic diseases is unfortunately expected to contribute to the market growth. A report on the mortuary equipment market suggests that increasing mortality rates due to chronic illnesses and aging populations will likely lead to higher equipment sales.
  • COVID-19 Impact and Regional Trends: The emergence of COVID-19 significantly impacted global mortality rates, showcasing an upward trend in the mortuary equipment market across all regions. For instance, a study revealed that Chennai, India, alone reported over 87,870 deaths between March and June of 2020.
  • Government Investments and Automation Preferences: Governments around the world are increasingly investing in advanced mortuary equipment to improve sanitation and efficiency within mortuary facilities. This includes funding for automation technologies, driven by the need for improved working conditions in these environments.
  • Diverse Cultural Practices: The mortuary equipment market caters to a wide range of cultural practices. Some cultures utilize the full spectrum of mortuary equipment, while others may have more limited needs specific to morgues or hospitals. This diversity presents a multifaceted market landscape.

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KEY TAKEAWAYS:

  • The polyethylene category led the mortuary bags market, accounting for roughly 31.0% of total sales.
  • Owing to the increased frequency of cardiovascular illnesses and the increasing occurrence of epidemics and pandemics, the adult bags segment dominated the mortuary bags market and had the biggest revenue share of 45.5%.
  • The hospitals’ segment accounted for a share of 44.03% in the mortuary bags market.
  • The mortuary bags market was led by the morgue sector, which accounted for 44.4% of total revenue.
  • The mortuary bags market was dominated by North America, which accounted for 15.9% of total sales.
  • Over the projection period for mortuary bags market, North America is predicted to increase at a CAGR of 5.7%

COMPETITIVE LANDSCAPE:

Some of the key players operating in the mortuary bags market include Desco Medical India, Suzhou Thriving Medical Equipment Corp., Changzhou Precise Package Ltd, Dongguan Bright Sea Industrial Co, Ltd., Shen Zhen Flowkin Tech Co, Ltd, Heaven Healthcare Ltd, Debdarm Enterprises, Track Manufacturing Co, Private Limited, Plastic Fabric Solution Inc, Associated Bag, Busse Hospital Disposables, Extra Packaging Corp, Peerless Plastics Mortuary, and Deimos Zip Harness.

Mortuary bags market players are focusing on pursuing inorganic growth strategies such as acquisitions and strategic partnerships to expand their presence, enhance product portfolio, and improve expertise in the mortuary bags market.

Key Market Segments

By Material type:

  • PVC
  • Polyethylene
  • Nylon
  • Polyester
  • Other Material types

By End-Use:

  • Hospitals
  • Mortuary
  • Other End-Users

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