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

The Business Research Company’s mortuary equipment market report forecasts the mortuary equipment market size to grow to $1.43 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Mortuary Equipment Market Size Forecast
The global mortuary equipment market is expected to grow from $0.96 billion in 2022 to $1.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mortuary equipment market size is expected to grow to $1.43 billion in 2027 at a CAGR of 8.6%.

North America held the largest mortuary equipment market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Mortuary Equipment Market Driver ­– Increase In Mortality Rates
For instance, according to a Centers for Disease Control and Prevention report, the 2020 death rate in the United States climbed 15.9% from 2019 to 2020, from 715.2 deaths per 100,000 individuals to 828.7 deaths per 100,000 individuals. Therefore, the increasing mortality rates drive the growth of the mortuary equipment market.

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Key Mortuary Equipment Market Trend – Technological Advancement
Technological advancements 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 new technologies to lead the mortuary equipment market. For instance, in September 2020, SEHA, a UAE-based Health Services Company has opened a central mortuary in Al Ain city. The new central mortuary in Al Ain will enable the use of virtual autopsies via innovative 3D virtual radiology technology. The new facility, which was designed innovatively and is outfitted with cutting-edge technology, enables all services linked to deceased bodies to be finished in one area, with authorizations done electronically.

Mortuary Equipment Market Segment
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

Mortuary Equipment Market Major Players and Strategies
Major players in the mortuary equipment market are 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.

In April 2020, Alleghany Capital Corporation, a US-based investment holding company acquired Wilbert Funeral Services Inc for an undisclosed amount. Alleghany Capital has acquired the great brand of Wilbert Funeral Services to its family of companies and will work with its licensees and employees to continue building on Wilbert’s long and strong heritage. Wilbert Funeral Services Inc. is a US-based company that manufactures and distributes burial vaults.

The Mortuary Equipment Global Market Report 2023 covers regional data on mortuary equipment market size, mortuary equipment market trends and drivers, opportunities, strategies, and mortuary equipment market competitor 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.

Mortuary equipment includes instruments and materials used in morgues and mortuaries to preserve dead bodies until they are transferred to a cemetery or funeral home, as well as cadavers for study and education.

View More Reports Related To The Mortuary Equipment Market –
Handheld Surgical Devices And Equipment Global Market Report 2023
Endoscopy Devices And Equipment Global Market Report 2023
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