The Mortuary Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mortuary Equipment Global Market Report 2024, The mortuary equipment market size has grown strongly in recent years. It will grow from $1.05 billion in 2023 to $1.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to healthcare infrastructure, population growth, funeral industry, regulatory compliance, natural disasters.
The mortuary equipment market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to aging population, military and law enforcement, cremation services, cultural diversity, pandemic preparedness. Major trends in the forecast period include green burial practices, digital records and management, remote autopsies, sustainable practices, smart mortuary equipment.
The increase in mortality rates are expected to propel the growth of the mortuary equipment market going forward. The mortality rate, commonly known as the death rate, is a measure of the number of deaths in a certain location or period. As the death rate rises, so does the demand for mortuary equipment such as body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, which are used to preserve and store deceased people also increases. For instance, according to the Centres for Disease Control and Prevention, a US-based national public health agency, the age-adjusted death rate in the United States increased by 5.3% from 835.4 deaths per 100,000 standard population in 2020 to 879.7 in 2021. Age-adjusted death rates increased for 8 of the 10 leading causes of death and decreased for 2 . Therefore, the increasing mortality rates drive the growth of the mortuary equipment market.
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The mortuary equipment market covered in this report is segmented –
1) By Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types
2) By Application: Manual, Automated
3) By End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users
Product innovation is a key trend gaining popularity in the mortuary equipment market. Product innovation made funeral planning more accessible and more flexible by providing eco-friendly burials, funeral service webcasting, online obituaries, and headstone technology. Key players are focusing on innovative products to lead the mortuary equipment market. For instance, in January 2021, Mopec, a US-based pathology, anatomy, mortuary, and necropsy equipment and supplies company, announced the launch of a new all-inclusive cold storage container system available to provide mortuaries, funeral homes, and healthcare organizations with increased decedent refrigeration capacity. This temporary and expandable system sits at ground level and comes with an attachable ramp for easier loading and unloading. Available in a 20-foot or 40-foot system, these containers can handle 16 to 50 bodies at max capacity.
The mortuary equipment market report table of contents includes:
1. Executive Summary
- Mortuary Equipment Market Characteristics
- Mortuary Equipment Market Trends And Strategies
- Mortuary Equipment Market – Macro Economic Scenario
- Global Mortuary Equipment Market Size and Growth
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31. Global Mortuary Equipment Market Competitive Benchmarking - Global Mortuary Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Mortuary Equipment Market
- Mortuary Equipment Market Future Outlook and Potential Analysis
- Appendix
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