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What Is The Predicted Market Size Of The Mortuary Equipment Industry By 2029?

In recent times, there has been a robust expansion in the size of the mortuary equipment market. Its size is projected to escalate from $1.11 billion in 2024 to $1.19 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.9%. The substantial growth observed in the historic period is a result of factors such as advancements in healthcare infrastructure, population increase, the funeral industry’s growth, adherence to regulatory compliance, and the occurrence of natural disasters.

In the coming years, the mortuary equipment market is predicted to experience substantial growth, swelling to an estimated $1.82 billion by 2029, with a compound annual growth rate (CAGR) of 11.4%. Factors such as an aging population, military and law enforcement, cremation services, cultural diversity, and pandemic preparedness are driving the growth expected in this period. Notable trends for the forecast period encompass green burial practices, digital recordkeeping and management, remote autopsies, sustainable practices, and intelligent mortuary equipment.

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Which Factors Are Steering Growth In The Mortuary Equipment Market?

The projected rise in death rates is poised to drive the expansion of the mortuary equipment market. The death rate, or the commonly referred mortality rate, quantifies the count of deaths in a specific area or timeline. As this rate increases, the need for mortuary equipment, which includes body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables used to preserve and safely store the deceased, also experiences an uptick. For example, the American Cancer Society, a health organization based in the US, reported in January 2022, an expected 609,360 cancer-related deaths and 1.9 million new cancer cases for the year, amounting to approximately 1,670 deaths per day. Thus, the escalating death rates spur the growth of the mortuary equipment market.

Which Segment Accounts For The Largest Share In The Mortuary Equipment Market?

The mortuary equipmentmarket 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 Long-Term Trends Will Play A Crucial Role In The Mortuary Equipment Market?

Prominent entities in the mortuary equipment market are implementing a strategic partnership model to roll out family funeral insurance offerings. The model of strategic partnerships allows firms to utilize each other’s strengths and assets for mutual gain and success. As an example, Letshego Lesotho, a financial services firm operating in Africa, formed a partnership with Alliance Insurance Company, a US-based insurance service provider in April 2023. With this partnership, they intend to bring an affordable family funeral insurance product, named ‘Sekhele Funeral Plan’ to the market in Lesotho. This joint venture between Letshego Lesotho and Alliance Insurance Company presents more Basotho with access to reasonably priced funeral insurance services and a host of unique products. An illustration of this is the Sekhele Funeral Plan’s Family Cover which necessitates a minimum monthly premium of M41 and assures a payout of up to M100,000. The plan’s fundamental funeral insurance options are divided into Bronze, Silver, Gold, and Platinum tiers. The monthly premiums vary from M41 to M103 for Member-only plans and M56 to M188 for the Comprehensive Family Plan.

Who Are The Dominant Players In The Mortuary Equipment Market Today?

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.

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What Regional Factors Are Accelerating 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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