The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

In the ever-evolving landscape of mortuary services, the global mortuary equipment market has showcased remarkable growth, escalating from $0.96 billion in 2022 to $1.03 billion in 2023. This upward trajectory is underlined by a robust compound annual growth rate (CAGR) of 7.5%. Despite global disruptions caused by the Russia-Ukraine war, the mortuary equipment market is anticipated to flourish, projecting a market size of $1.43 billion by 2027 at a CAGR of 8.6%.

Driving Forces: Mortality Rates as Growth Catalyst
The surge in mortality rates emerges as a pivotal driver propelling the growth of the mortuary equipment market. As the mortality rate, signifying the number of deaths in a specified period or location, rises, so does the demand for mortuary equipment. This includes essentials like body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, vital for preserving and storing deceased individuals. For instance, a report from the Centers for Disease Control and Prevention highlights a 15.9% increase in the death rate in the United States from 2019 to 2020, reaching 828.7 deaths per 100,000 individuals. This surge underscores the essential role mortuary equipment plays in managing increased mortality rates, thereby fostering market growth.

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Industry Leaders: Navigating the Mortuary Landscape
Major players steering the mortuary equipment market include Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Inc., Kugel Medical GmbH & Co. KG, EIHF Isofroid, Hygeco, S.M. Scientific Instruments Pvt. Ltd., Mopec Inc., Barber of Sheffield, C.F. di Ciro Fiocchetti & C. s.n.c., Mortuary Lift Company, Funeralia GmbH, Span Surgical Co., and Thalheimer Kühlung GmbH & Co. KG. These industry stalwarts play a pivotal role in shaping the landscape through innovation and reliability.

Technological Innovations: Paving the Future of Mortuary Services
A prominent trend permeating the mortuary equipment market is technological advancement. Funeral planning has witnessed significant transformation, with technological innovations offering eco-friendly burials, funeral service webcasting, online obituaries, and headstone technology. A notable instance is the opening of a central mortuary in Al Ain city by SEHA, a UAE-based Health Services Company. This facility employs innovative 3D virtual radiology technology, enabling virtual autopsies and showcasing the industry’s commitment to embracing cutting-edge technology.

In the realm of strategic acquisitions, Alleghany Capital Corporation, a US-based investment holding company, acquired Wilbert Funeral Services Inc. This move contributes to Alleghany Capital’s commitment to building on Wilbert’s established heritage in manufacturing and distributing burial vaults, showcasing the market’s consolidation and growth.

Global Dynamics: Region-wise Expansion
North America stands as the largest region in the mortuary equipment market in 2022, underscoring the region’s significant contributions to advancing mortuary services. Meanwhile, Asia-Pacific is positioned as the fastest-growing region in the forecast period. The comprehensive mortuary equipment market analysis spans regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmented Precision: Understanding Market Components
The mortuary equipment market is meticulously segmented to cater to diverse requirements:

1. Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types
2. Application: Manual, Automated
3. End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users

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For stakeholders across the mortuary landscape, the mortuary equipment market report is an invaluable asset for informed decision-making. By delving into segment-specific dynamics, regional trends, and emerging opportunities, stakeholders can strategically position themselves in the evolving mortuary equipment market. The report serves as a compass, guiding businesses to navigate the dynamic landscape, contributing to the advancement of mortuary services and ensuring sustained success. Leveraging this comprehensive report is instrumental for those aiming to harness the potential of mortuary equipment and align their strategies with the evolving needs of the industry.

The Mortuary Equipment Global Market Report 2023  provides a comprehensive overview on the mortuary equipment market size, mortuary equipment market trends and mortuary equipment market drivers, opportunities, mortuary equipment market strategies, and mortuary equipment market analysis. The countries covered in the mortuary equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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