The global mortuary equipment market is expected to witness strong growth, with an average compound annual growth rate (CAGR) of 5.8% between 2023 and 2033. Valued at USD 1,025.8 million in 2023, the market is projected to reach USD 1,807.0 million by 2033. This growth is driven by several factors, including an increase in mortality rates, the rising geriatric population, and the expanding healthcare infrastructure, including morgues and hospitals.
The demand for mortuary equipment has been bolstered by a combination of factors, including an aging population and the growing prevalence of chronic diseases. These developments are leading to higher mortality rates, which in turn are increasing the need for advanced mortuary equipment to manage and process bodies efficiently. Additionally, advancements in technology, particularly automation in mortuary procedures like embalming, autopsy, and storage, are contributing to the rising demand for specialized equipment in this sector.
Technologically advanced mortuary equipment is reducing processing times and improving convenience for professionals in the field. The integration of automated solutions into body embalming, autopsy, storage, and transportation procedures has streamlined workflows and increased operational efficiency in morgues and hospitals. As a result, the industry is seeing a rise in the adoption of these advanced solutions, which not only enhance the effectiveness of mortuary operations but also address the growing need for high-quality, reliable equipment.
As the global mortality rate continues to rise, driven by an increasing elderly population and the prevalence of chronic diseases, the demand for mortuary equipment is expected to grow steadily. The continued development and adoption of innovative technologies in this field will further fuel the market’s expansion, presenting significant opportunities for key players in the industry.
A Detailed Full Report – https://www.futuremarketinsights.com/reports/mortuary-equipment-market
Key Takeaways:
- The mortuary equipment market is projected to grow from USD 1.03 billion in 2023 to USD 1.81 billion by 2033, at a CAGR of 5.8%.
- Key drivers include an aging population, increased chronic diseases, and expanding healthcare facilities.
- Automation and advanced technologies in mortuary procedures are boosting market demand.
- The market’s growth is expected to continue as mortality rates rise and new innovations emerge in mortuary equipment.
Key Drivers of Market Growth
- Increasing Mortality Rates: The demand for mortuary equipment is rising due to a combination of factors such as a decreasing lifespan, the growing geriatric population, and the prevalence of chronic diseases. These factors contribute to higher mortality rates, thereby increasing the need for effective mortuary services and equipment.
- Expansion of Healthcare Facilities: The establishment and expansion of healthcare units, including morgues and hospitals, are driving the demand for mortuary equipment. As healthcare infrastructure improves, there is a corresponding need for advanced equipment to handle deceased bodies safely and efficiently.
- Automation in Mortuary Procedures: The penetration of automation in various mortuary processes—such as body embalming, autopsy, storage, and transportation—enhances efficiency and reduces processing times. This trend is contributing to increased demand for technologically advanced mortuary equipment.
- Technological Advancements: Innovations in mortuary equipment are improving the convenience and effectiveness of operations for professionals in the field. Advanced technologies are being integrated into equipment to streamline processes and ensure better handling of deceased bodies.
- Research and Development Initiatives: Increased investments in research and development programs related to mortuary services are leading to enhanced product offerings and improved operational efficiencies within the industry.
- Focus on Infection Control: With heightened awareness around infection control, especially post-pandemic, there is an increased emphasis on using high-quality mortuary equipment that minimizes contamination risks during handling and storage.
How is the Competition in the Mortuary Equipment Market?
Emerging trends in the mortuary equipment market are shaping the market’s competitive analysis. The companies have increased their manufacturing units as covid-19 has triggered the demand for mortuary equipment.
These manufacturing units have been set up to fill that demand. Governments integrating with death care service providers and mortuary equipment systems to tackle the high COVID-19 bodies that need special embalming and storage has also changed the competitor’s approach to R&D.
Some key players shaping the mortuary equipment market are SM Scientific Instruments Pvt. Ltd., KUGEL Medical GmbH & Co. KG, Leec Ltd, Thermo Fisher Scientific, Inc., and Mortech Manufacturing Company, Inc.
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
Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:
Nucleic Acid Testing Industry
Neurological Biomarkers Industry
Ultrasound Conductivity Gels Industry
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube