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What Factors Are Driving the Anticipated Growth Rate of the Mortuary Equipment Market Through 2034?

In recent years, there has been significant growth in the size of the mortuary equipment market. It is projected increase from $1.11 billion in 2024 to approximately $1.2 billion in 2025, which constitutes a compound annual growth rate (CAGR) of 7.8%. Factors such as advancements in healthcare infrastructure, population increase, the funeral industry, regulatory adherence, and natural disasters have been instrumental in driving growth during the historical period.

In the coming years, the market for mortuary equipment is anticipated to experience accelerated expansion. Its estimated value by 2029 is $1.86 billion, growing at a compound annual growth rate (CAGR) of 11.7%. Factors such as an aging demographic, involvement of military and law enforcement, increase in cremation services, cultural diversity, and preparations for potential pandemics contribute to this projected growth. The market trends to watch for over the forecast period include environmentally-friendly burial procedures, digitalisation of records and management, remote autopsy procedures, implementation of sustainable practices, and the development of more sophisticated mortuary equipment.

Which Major Market Drivers Are Expected to Boost the mortuary equipment Market’s Growth Potential?

The growth of the mortuary equipment market is projected to be fueled by the rising mortality rates. Frequently referred to as the death rate, the mortality rate gauges the number of fatalities within a specific location or time frame. An increase in the death rate triggers a corresponding rise in the demand for mortuary apparatuses like body bags, stretchers for the mortuary, lifting carts, mortuary washing units and autopsy tables. These are crucial for the storage and preservation of the deceased. To illustrate, the American Cancer Society, operating in the United States, posted research in January 2022. It forecasted 609,360 deaths from cancer in the country in 2022 and an additional 1.9 million new cases of cancer. This suggests roughly 1,670 deaths each day. Consequently, the escalating mortality rates stimulate the expansion of the mortuary equipment market.

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Who Are the Major Industry Leaders Accelerating Growth 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

Which Current Trends Are Having the Most Impact on the Mortuary Equipment Market?

Leading businesses in the mortuary equipment market are shifting towards a strategic collaboration model to introduce family funeral insurance products. Such collaborations involve companies capitalizing on each other’s capabilities and resources for mutual benefit and achievement. For example, in April 2023, Letshego Lesotho, a financial service provider from Africa, initiated a partnership with the US-based Alliance Insurance Company. The collaboration was designed to launch Lesotho’s reasonably priced family funeral insurance product named the ‘Sekhele Funeral Plan’. By teaming up with Alliance Insurance Company, Letshego Lesotho offers more Basotho an opportunity to access reasonably priced funeral insurance services along with a variety of innovative products. One such product is the Sekhele Funeral Plan’s Family Cover, which asks for a minimum monthly premium of only M41 but offers compensation of up to M100,000. The plan puts basic funeral insurance options into four tiers: Bronze, Silver, Gold, and Platinum. The monthly premiums for these tiers vary between M41 to M103 for Member-only plans and M56 to M188 for the Comprehensive Family Plan.

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What Are the Primary Segments of the Mortuary Equipment Market and Their Roles in Growth Dynamics?

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

Which Regions Are Key Players in the Growth of 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.

How Is the Scope and Reach of the Mortuary Equipment Market Defined?

Mortuary equipment plays a vital role in the respectful handling and preparation of deceased individuals. It includes a variety of specialized tools and devices, such as mortuary tables for embalming, refrigeration units for preserving bodies, and body bags for transportation.

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