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How Has the Mortuary Equipment Market Size Changed, over the years?

In the past few years, the mortuary equipment market has seen robust growth. The market, valued at $1.11 billion in 2024, is projected to reach $1.2 billion in 2025, expanding at a compound annual growth rate (CAGR) of 7.8%. This growth in the historical period is credited to factors such as improvements in healthcare infrastructure, increases in population, expansion of the funeral industry, regulatory compliance requirements, and the prevalence of natural disasters.

How Much Will the Mortuary Equipment Market Be Worth in 2029?

The market size for mortuary equipment is anticipated to witness a significant surge in the upcoming years, predicted to reach $1.86 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. Factors contributing to this growth during the projected period include an aging population, military and law enforcement needs, cremation services, cultural diversity, and preparing for pandemics. Emerging trends over this forecast period are expected to be green burial practices, digitized records and management, remote autopsies, eco-friendly practices, and intelligent mortuary equipment.

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Which is the Largest Company in the Mortuary Equipment Market?

Major companies operating in the mortuary equipment market include Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG, EIHF Isofroid, Hygeco, S.M. Scientific Instruments Pvt. Ltd., Mopec Inc., Barber of Sheffield Ltd., C.F. di Ciro Fiocchetti & C. s.n.c., Mortuary Lift Company, Funeralia GmbH, Span Surgical Co., Thalheimer Kühlung GmbH & Co. KG, Roftek Ltd., Thermo Fisher Scientific Inc., Hickey & Co., SOVA Motion, Shandon Inc., Mortuary & Cemetery Supply Co., Jiangsu Saikang Medical Equipment Co. Ltd., American Crematory Equipment Co., B&L Cremation Systems Inc., C.F. Weber Co. Inc., Coldspring, Crescent Memorial, Custom Air Trays, DFW Europe, Eckels, Funeral Source One, GEM Scientific Inc.

What Are the Main Market Drivers in the Mortuary Equipment Industry?

Growth in the mortuary equipment market is predicted to be driven by rising mortality rates. The number of deaths occurring in a particular area or time period, also known as the death rate, is a key contributing factor. As this rate increases, the demand surges for mortuary equipment like body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables. These items are essential to the safe storage and preservation of the deceased. For example, research from the American Cancer Society released in January 2022 forecasted 609,360 cancer-related deaths and 1.9 million new instances of cancer in the US for that year, equating to around 1,670 deaths every day. This rise in mortality promotes an upswing in the mortuary equipment market.

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How Is the Mortuary Equipment Market Segments Structured?

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

Subsegments:

1) By Refrigerators And Freezers: Single-Door Refrigerators, Double-Door Refrigerators, Freezers

2) By Autopsy and Dissection Tables: Hydraulic Autopsy Tables, Fixed Autopsy Tables, Dissection Tables

3) By Cadaver Lifts: Hydraulic Cadaver Lifts, Electric Cadaver Lifts

4) By Cadaver Trolleys: Manual Cadaver Trolleys, Electric Cadaver Trolleys

5) By Other Types: Embalming Machines, Storage Cabinets, Body Bags And Accessories

What Strategic Trends Are Transforming the Mortuary Equipment Market?

Key players in the mortuary equipment market are strategically partnering to introduce family funeral insurance products. This involves companies utilizing each other’s assets and capabilities for mutual gain. For instance, Letshego Lesotho, an Africa-based financial service provider, teamed up with Alliance Insurance Company, a US-based insurance provider, in April 2023. The collaboration focused on introducing an affordable family funeral insurance product in Lesotho known as the ‘Sekhele Funeral Plan’. The joint effort between Letshego Lesotho and Alliance Insurance Company expands the reach of affordable funeral insurance services to more Basotho people while offering a variety of innovative products. For instance, the Sekhele Funeral Plan’s Family Cover necessitates a minimum monthly premium of just M41 and offers up to M100,000 in benefits. The insurance plan is broken down into Bronze, Silver, Gold, and Platinum categories. The monthly premiums for these categories vary, with Member-only plans ranging from M41 to M103 and the Comprehensive Family Plan ranging from M56 to M188.

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Which Global Regions Offer the Highest Growth in the Mortuary Equipment Market?

North America was the largest region in the mortuary equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mortuary equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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This Report Delivers Insight On:

1. How big is the mortuary equipment market, and how is it changing globally?

2. Who are the major companies in the mortuary equipment market, and how are they performing?

3. What are the key opportunities and risks in the mortuary equipment market right now?

4. Which products or customer segments are growing the most in the mortuary equipment market?

5. What factors are helping or slowing down the growth of the mortuary equipment market?

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