29 October 2018: The Global Mortuary Equipment Market size was valued at USD 678.7 million in 2016. High demand for technology and automation in mortuary procedures such as post-mortem and shifting of cadavers as well as increasing number of morgue houses are expected to fuel the industry growth over the forecast period.
In the recent years, a sharp rise in number of hospitals is observed due to the population growth, advancement in healthcare technology, rising incidences of chronic diseases and elevated healthcare expenditure by the government and individual. The morgues numbers also rise with a large number of running hospitals. The private morgues also mark their presence as the death industry came out as a revenue generated industry in past few years. The private morgue houses also provide customized funeral services to their customer. Thus, the market is anticipated to grow at the fastest rate during the forecast period.
The automation and technology advancement such as new advanced automatic devices namely embalming platforms, dissection table, and autopsy platform has the high impact on the market growth and rises the demand for mortuary accessories and equipment. The new amalgamation in such equipment augment the compliance for healthcare professionals for instants, the amalgamation of the mechatronics and hydraulics in these equipment enhance the handiness of healthcare professionals and time for the operation procedures.
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The availability of refrigeration and storage units in different sizes raises its demand in marketplace. Due to the technology advancement and viability of floor space, the storage unit is available in different sizes from small-sized units for an infant to larger sizes for the obese. Replacement of conventional platforms by sophisticated platforms plays a vital role in propelling the mortuary equipment market growth.
The product is classified into refrigeration units, embalming workstations, dissection tables, autopsy platforms and tables, trolleys and other equipment. The refrigeration unit segments hold the largest market share in 2016. The various factors are responsible for the booming market growth of this segments such as availability of these units in different sizes and in advanced technology that requires the minimum power supply. The high demand for these equipment at private morgues and the popularity of customized storage units that assist the transfer of cadavers to its final ritual destination boost the segment growth in current the market.
The other segments including the autopsy table is anticipated to grow at the fastest rate during the forecast period. The adoption of new technology, replacement of traditional techniques and equipment are the driving factors in market growth for this segment.
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North America held the largest shares in 2015. The availability of enormous quantities of private and hospital morgues, adoption of new techniques and technological products justifies the market dominance of North America region. The tradition of performing the final ritual in Christianity that is followed in North America demands the body burial and that requires the body storage for long period of time. Thus, the requirement for the body storage and body embalming process are very high in this region.
Asia Pacific is anticipated grow at the fastest rate during the forecast period. The increased number of hospitals and healthcare expenditure in this region plays an important role in market growth. The rising numbers of morgue houses in private hospitals, medical colleges attribute the market growth and new market opportunities. The replacement of conventional devices by sophisticated ones and promising the role of local players in new technology adoption and product export policies are the key responsible factors for the market growth in Asia Pacific region.
Currently, the market is highly fragmented due to the role of the local player. Mortech Manufacturing and SM Scientific Instruments Pvt. Ltd has started their market expansion by supplying their products internationally. Many of the local companies from China and India provides the equipments in less price compare to the world as a result of this the demand in this market is rising.
The key player in mortuary market includes C.F. di Ciro Fiocchetti & C. s.n.c, SM Scientific Instruments Pvt. Ltd, Leec Ltd, Thermo Fisher Scientific, Inc, Mortech Manufacturing Company Inc, KUGEL medical GmbH & Co. KG , HYGECO, Mopec, Mortuary Lift Company, and Roftek Ltd.
Mortuary Equipment Product Outlook (Revenue, USD Million 2014 – 2025)
• Refrigeration Units
• Autopsy Platforms and equipment
• Embalming Workstation
• Dissection Table
• Other Accessories
Mortuary Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• Latin America
• South Africa
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