The Mortuary Equipment Market is likely to strengthen its hold on the global market at an average CAGR of 5.8% between 2023 and 2033. The market is valued at USD 1,025.8 million in 2023 and is expected to reach USD 1,807.0 million by 2033.
Demand for mortuary equipment has increased due to the decreased life span, expanding healthcare units like morgues and hospitals coupled with the geriatric population, and research and development programs are leading the mortality rates.
Penetration of automation in mortuary procedures, including body embalming, autopsy, storage and shifting, and integration of the latest advanced technology increases the demand for mortuary equipment.
This equipment involves the technically advanced help in reducing the processing time and enhancing the convenience for the professionals. Mortuary equipment market report suggests that the growing chronic diseases and geriatric generations are likely to increase the mortality rate, increasing the sales of mortuary equipment.
Emerging trends in the mortuary equipment market showcase the upward trend, expanding the overall market size with the advent of covid-19 and increased mortality in all the regions.
A study shows 87,870 deaths were reported between March 1, 2020, and June 30, 2020, in Chennai, India. The demand for mortuary equipment also proliferates with the latest automation techniques and high capital investments through the government.
The unpleasant work environment at mortuaries demands automated machines like shifting and autopsy equipment, increasing the sales of mortuary equipment in the global market.
Also, the growing population leads to more deaths, increasing the demand for mortuary equipment. A new market research report on mortuary equipment explains that the market thrives on multi-cultured practices where some use the whole mortuary equipment stack. In contrast, some use is limited to morgues or hospitals.
Attributes | Details |
---|---|
Mortuary Equipment Market CAGR (2023 to 2033) | 5.8% |
Mortuary Equipment Market Value (2023) | USD 1,025.8 million |
Mortuary Equipment Market Value (2033) | USD 1,807.0 million |
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The rising mortality rate is due to the spread of coronavirus and the integration of latest technological advancements. This automation technique and investment from multiple sources are increasing the sales of mortuary equipment.
A global market study on mortuary equipment shows that the market is growing exponentially with the high mortality rate due to the sudden rise in deaths caused by the coronavirus’s spread. Growing hospitals and morgues and increasing technological advancements are helping to expand the mortuary equipment market size.
This equipment has made it easier for mortuary workers to utilize their time and invest it in other processes like an autopsy, shifting, and storage.
The COVID-19 pandemic has created multiple opportunities for the mortuary equipment market, creating a high demand for advancements in the industry. The vendors now focus on a multi-purpose approach while manufacturing the end product. The sales of mortuary equipment also increased with the increased body count in morgues and long-distance cremation sites.
Faster adoption of autopsy technology and rising demand for private morgue help expand the mortuary equipment market size. The introduction of faster body embalming and complete funeral services integration has pushed the sales of mortuary equipment.
The burden of the senior generation is increasing the body counts, and mortuary management is becoming a matter of concern; this is pushing the manufacturers to make equipment that serves the purpose and helps the mortuary fasten the process.
Post-mortem services involve the use of mortuary equipment like autopsy tools and refrigeration. The paradigm shift from funeral burial procedures to cremation is the biggest challenge faced by the mortuary equipment market. This limits the end user from adopting some of the equipment that only deals with the hospital and morgue procedures.
The mortuary equipment market is divided by product type category, segmenting it into small segments that exceed the growth prospects for the mortuary equipment market. It also enables the viewer to analyze the market for which segment performs better in which specific region.
The mortuary equipment market analysis explains that these types of products have a demand from specific regions. For example, some hospital or morgues might need a dissection table for further autopsy, but other hospital demands more refrigeration units.
The mortuary equipment market outlook defines its product type segments into Trolleys, Refrigeration Units, Autopsy Platforms and Equipment, Embalming Workstation, Dissecting tables, and others.
The leading segment in the product category is refrigeration units. Its growth is attributed to the high-temperature conditions, preservation of the body organs, and its application in post-mortem procedures. Transportation of the dead body also involves refrigeration units to preserve the body until it reaches the funeral destination.
The segment is growing with a CAGR of 5.6% between 2023 and 2033, while the segment was thriving at a higher CAGR of 6.2% in the last forecast (2018 to 2022). This increases the overall sales of mortuary equipment in multiple regions.
The mortuary equipment market survey divides the market into regions: North America, Latin America, Asia Pacific, Middle East and Africa (MEA) and Europe. The biggest and highest-growing market is the United States, flourishing at a CAGR of 5.3% between 2023 to 2033. The region is likely to hold a market revenue of USD 596.2 million through 2033.
The higher mortality rate due to the spread of novel coronavirus, new post-mortem technology, and technologically advanced corpse storage systems are pushing the demand for the sales of mortuary equipment.
Other regions like Asia Pacific include the second-highest growing region for the mortuary equipment market. China’s market is booming at a CAGR of 5.0%, and Japan is also growing at the same CAGR. At the same time, their projected values are 115.9 million and 97.7 million, respectively. UK will hold USD 74.1 million by the end of 2033 as it thrives on a CAGR of 4.9% between 2023 to 2033.
Regions | CAGR (2023 to 2033) |
---|---|
United States | 5.4% |
United Kingdom | 4.7% |
China | 5.0% |
South Korea | 5.0% |
Japan | 5.0% |
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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
The global market size to reach USD 1,807 million by 2033.
Leec Ltd and Thermo Fisher Scientific Inc are the top key players.
The growth potential of the global market is 5.8% through 2033
The lack of skilled labor and high costs are likely to limit market growth.
The refrigerators unit segment is highly preferred in the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Trolleys 5.2. Refrigeration Units 5.3. Autopsy Platforms and Equipment 5.4. Embalming Workstation 5.5. Dissection Table 5.6. Other Accessories 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. North America 6.2. Latin America 6.3. Western Europe 6.4. Eastern Europe 6.5. South Asia and Pacific 6.6. East Asia 6.7. Middle East and Africa 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. SM Scientific Instruments Pvt. Ltd 16.2. KUGEL medical GmbH & Co. KG 16.3. Leec Ltd 16.4. Thermo Fisher Scientific, Inc. 16.5. Mortech Manufacturing Company, Inc. 16.6. HYGECO 16.7. Mortuary Lift Company 16.8. C.F. di Ciro Fiocchetti & C. s.n.c. 16.9. Ferno-Washington Inc 16.10. Mopec Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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