Medical Cabinetry Market by Product (Operatory Cabinetry, Sterilization center cabinetry), Usage (Storage, Security, Sterilization), Material (Wooden, Metal, Plastic), End User (Hospitals, Laboratories, Veterinary facilities) - Global Forecast to 2027
The global medical cabinetry market is projected to reach USD 11,711.0 million by 2027 from USD 9,308.1 million in 2022, at a CAGR of 4.7% during the forecast period. Market is driven by factors such as the rising number of hospitals and clinics, growing demand for technologically advanced products, rising number of hospital admissions globally, growing investments in healthcare infrastructural development in developing regions, and increasing government support for hospitals covered under healthcare sector. However high cost of medical cabinets is hindering the growth of the market.
To know about the assumptions considered for the study, Request for Free Sample Report
“The operatory cabinetry accounted for the largest share in the medical cabinetry market by type, during the forecast period”
Based on type, medical cabinetry market is segmented into operatory cabinetry, sterilization center cabinetry, work stations, and other cabinetry products. The operatory cabinetry segment is further sub-segmented into treatment stations, central station, storage units, and other operatory cabinetry. In 2021, operatory cabinetry accounted for the largest market share in 2021. The increasing number of hospitals and clinical set-ups drives the market growth.
“The storage usage accounted for the largest share in the medical cabinetry market by usage, during the forecast period”
Based on usage, medical cabinetry market is segmented into storage, security, sterilization, and other usage. In 2021, the storage usage segment dominates the market due to the surge in the demand for various types of cabinets because of the increased number of healthcare centers.
“APAC region accounted for the highest CAGR”
The global medical cabinetry market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. North America dominated the market due to availability of well-developed infrastructure and the presence of state-of-the-art research laboratories and other healthcare facilities. The Asia-Pacific region is expected to be the fastest-growing region owing to the rising number of healthcare centers and increasing investment in developing healthcare infrastructure in India and China.
To know about the assumptions considered for the study, download the pdf brochure
Competitive Landscape
The medical cabinetry market is moderately competitive and consists of several major players. The key 5 – 7 major players currently dominate the market. With the rising number of hospitals and clinics, rising number of hospital admissions globally, growing investments in healthcare infrastructural development in developing regions, and increasing government support for hospitals covered under healthcare sector, few other smaller players are expected to enter the market in the coming years. Some of the companies which are currently dominating the market are Allied Healthcare Products, GPC Medical Ltd., Hill-Rom Holdings, Inc., Invacare Corporation, Stiegelmeyer GmbH & CO KG, Kovonax, Li n e t spol. S R.O., Herman Miller, Inc. , Met-lak, Promotal, Favero Health Projects, Villard, Steelco, Malvestio, Midmark Corporation, Kugel Medical GmbH & CO. KG, Meiko Maschinenbau GmbH & CO. KG.
Industry Developments:
- In January 2022, Midmark Corportaion (US) launched a new line of wall-hung cabinets- Synthesis Wall-Hung Cabinetry that can improve ergonomic reach and visibility while helping enhance storage efficiency and infection prevention.
- In April 2021, Herman Miller, Inc. (US) announced its plan to merge with the Knoll Inc. (US), which will help the company to be leader in medical furniture including medical cabinet.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
- By Designation: C-level - 30%, D-level - 20%, and Others - 50%
- By Region: North America - 40%, Europe - 20%, Asia Pacific - 30%, Latin America – 5% , and the Middle East & Africa – 5%
Lits of Companies Profiled in the Report:
- Allied Healthcare Products
- GPC Medical Ltd
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- Stiegelmeyer GmbH & CO KG
- Kovonax
- Li n e t spol. S R.O.
- Herman Miller, Inc
- Met-lak
- Promotal
- Favero Health Projects
- Villard
- Steelco
- Malvestio
- Midmark Corporation
- Kugel Medical GmbH & CO. KG
- Meiko Maschinenbau GmbH & CO. KG
Want to explore hidden markets that can drive new revenue in Medical Cabinetry Market?
Scope of the Report
Want to explore hidden markets that can drive new revenue in Medical Cabinetry Market?
|
Report Metric |
Details |
|
Market size available for years |
2021–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Product, usage, material, end user, and region |
|
Geographies covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
|
Companies covered |
Allied Healthcare Products (US); GPC Medical Ltd (US); Hill-Rom Holdings, Inc. (US); Invacare Corporation (US); Stiegelmeyer GmbH & CO KG (Germany); Kovonax (Czech Republic); Linet spol. S R.O. (Czech Republic); Herman Miller, Inc. (US); Met-lak (Poland), Promotal (France), Favero Health Projects (Italy), Villard (France), Steelco (Italy), Malvestio (Italy), Midmark Corporation (US), Kugel Medical GmbH & CO. KG (Germany), Meiko Maschinenbau GmbH & CO. KG (Germany). |
This report categorizes the medical cabinetry market into the following segments and subsegments:
By Product
- Operatory Cabinetry
- Treatment stations
- Central station
- Storage units
- Other operatory cabinetry
- Sterilization center cabinetry
- Work stations
- Other cabinetry products
By Usage
- Storage
- Security
- Sterilization
- Other usage
By Material
- Wooden
- Metal
- Plastic
By End User
- Hospitals
- Laboratories
- Dental facilities
- Veterinary facilities
- Other end users
By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe (RoE)
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific (RoAPAC)
- Latin America
- Middle East & Africa
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 MARKET SHARE ESTIMATION
2.5 ASSUMPTIONS FOR THE STUDY
2.6 RISK ASSESMENT
2.7 LIMITATIONS
2.7.1 METHODOLOGY-RELATED LIMITATIONS
2.7.2 SCOPE-RELATED LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 MARKET DRIVERS
5.2 MARKET RESTRAINTS
5.3 MARKET OPPORTUNITIES
5.4 MARKET CHALLENGES
6 INDUSTRY INSIGHTS
6.1 INTRODUCTION
6.2 TRENDS/ DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
6.3 SUPPLY/ VALUE CHAIN ANALYSIS
6.4 ECOSYSTEM MAP
6.5 TECHNOLOGY ANALYSIS
6.6 TRADE ANALYSIS
6.7 KEY CONFERENCES & EVENTS IN 2022-2023
6.8 TARIFF AND REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
6.8.2 NORTH AMERICA
6.8.3 EUROPE
6.8.4 ASIA PACIFIC
6.9 PORTER’S FIVE FORCES ANALYSIS
6.9.1 THREAT FROM NEW ENTRANTS
6.9.2 THREAT FROM SUBSTITUTES
6.9.3 BARGAINING POWER OF SUPPLIERS
6.9.4 BARGAINING POWER OF BUYERS
6.9.5 INTENSITY OF COMPETITIVE RIVALRY
6.10 KEY STAKEHOLDERS & BUYING CRITERIA
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.10.2 BUYING CRITERIA
6.11 PATENT ANALYSIS
6.12 CASE STUDY
6.13 PRICING ANALYSIS
7 GLOBAL MEDICAL CABINETRY MARKET, BY PRODUCT, 2020-2027 (USD MILLION)
7.1 INTRODUCTION
7.2 OPERATORY CABINETRY
7.2.1 TREATMENT STATIONS
7.2.2 CENTRAL STATION
7.2.3 STORAGE UNITS
7.2.4 OTHER OPERATORY CABINETRY
7.3 STERILIZATION CENTER CABINETRY
7.4 WORK STATIONS
7.5 OTHER CABINETRY PRODUCTS
7 GLOBAL MEDICAL CABINETRY MARKET, BY USAGE, 2020-2027 (USD MILLION)
7.1 INTRODUCTION
7.2 STORAGE
7.3 SECURITY
7.4 STERILIZATION
7.5 OTHER USAGE
8 GLOBAL MEDICAL CABINETRY MARKET, BY MATERIAL, 2020-2027 (USD MILLION)
8.1 INTRODUCTION
8.2 WOODEN
8.3 METAL
8.4 PLASTIC
9 GLOBAL MEDICAL CABINETRY MARKET, BY END USER, 2020-2027 (USD MILLION)
9.1 INTRODUCTION
9.2 HOSPITALS
9.3 LABORATORIES
9.4 DENTAL FACILITIES
9.5 VETERINARY FACILITIES
9.6 OTHER END USERS
10 GLOBAL MEDICAL CABINETRY MARKET, BY REGION/COUNTRY, 2020-2027 (USD MILLION)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 UK
10.3.4 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 INDIA
10.4.4 REST OF APAC
10.5 LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/ RIGHT TO WIN
11.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
11.4 COMPANY PRODUCT FOOTPRINT
11.5 GEOGRAPHICAL FOOTPRINT
11.6 MARKET SHARE/RANKING ANALYSIS, 2021
11.7 PRODUCT PORTFOLIO ANALYSIS
11.8 GEOGRAPHICAL ASSESSMENT OF KEY PLAYERS
11.9 R&D EXPENDITURE OF KEY PLAYERS
11.10 COMPETITIVE LEADERSHIP MAPPING
11.10.1 STAR
11.10.2 EMERGING LEADERS
11.10.3 PERVASIVE COMPANIES
11.10.4 PARTICIPANTS
11.11 COMPETITIVE SITUATION AD TRENDS
11.11.1 NEW PRODUCT LAUNCHES
11.11.2 ACQUISITIONS
11.11.3 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS
11.11.4 EXPANSIONS
12 COMPANY PROFILES
(Business Overview, Financial Information, Products Offered, Recent Developments and MnM View) *
12.1 ALLIED HEALTHCARE PRODUCTS
12.2 GPC MEDICAL LTD
12.3 HILL-ROM HOLDINGS, INC.
12.4 INVACARE CORPORATION
12.5 STIEGELMEYER GMBH & CO KG
12.5 KOVONAX
12.6 L I N E T SPOL. S R.O.
12.7 HERMAN MILLER, INC
12.8 MET-LAK
12.9 PROMOTAL
12.10 FAVERO HEALTH PROJECTS
12.11 VILLARD
12.12 STEELCO
12.13 MALVESTIO
12.14 MIDMARK CORPORATION
12.15 KUGEL MEDICAL GMBH & CO. KG
12.16 MEIKO MASCHINENBAU GMBH & CO. KG
* Financial Information and MnM View would be provided for public listed companies only.
*List of companies provided above is tentative, it may change during the course of study.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
Note:
This ToC is tentative, and the segmentation given may change slightly depending on research findings.
Under the company profiles section Key 25 companies in the overall global market will be profiled. Details on business overview, products and services, financials, strategy & development might not be captured in case of unlisted companies.
Years considered for the study would be Historical year – 2020, Base Year – 2021, Estimated Year – 2022, Forecast Period – 2022 to 2027
The market tables would include value data in USD for the years 2020, 2021, 2022, and forecasted value for 2027 along with CAGR for the period 2022-2027
The market information will be provided in terms of value (USD million) only.
This study involved four major activities in estimating the current size of the medical cabinetry market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects.
The following is a breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the medical cabinetry market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research
- The revenues generated by leading players operating in the medical cabinetry market have been determined through primary and secondary research
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Medical cabinetry Market Size: Top-Down Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, segment, and forecast the global medical cabinetry market by product, usage, material, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies2
- To track and analyze company developments such as acquisitions, product launches and approvals, expansions, and other developments in the medical cabinetry market.
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
Geographic Analysis
- Further breakdown of the Rest of Asia Pacific medical cabinetry market into Australia, New Zealand, and other countries.
- Further breakdown of the Rest of Europe medical cabinetry market into Sweden, Poland, Switzerland, and other countries.
Company profiles
- Company profiles of 20 players operating in the medical cabinetry market.
Growth opportunities and latent adjacency in Medical Cabinetry Market