In-Depth 2024 Mortuary Equipment Market Analysis: Growth, Share, and Emerging Trends
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What is the Expected Growth Rate of the Mortuary Equipment Global Market Report 2024 Market from 2024 to 2033?
The mortuary equipment market has also grown significantly, forecasted to increase from $1.05 billion in 2023 to $1.14 billion in 2024, with a CAGR of 8.6%. The expansion is driven by factors such as healthcare infrastructure development, population growth, the funeral industry, and the impact of natural disasters.
The mortuary equipment market is projected to expand rapidly, reaching $1.67 billion by 2028 at a CAGR of 10.1%. Growth factors include an aging population, increased military and law enforcement needs, a rise in cremation services, cultural diversity, and better pandemic preparedness. Trends include green burial practices, digital record-keeping, remote autopsies, sustainable practices, and smart mortuary equipment.
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What Key Factors Are Fueling the Growth of the Mortuary Equipment Global Market Report 2024 Market?
The mortuary equipment market is poised for growth with the increase in mortality rates, as measured by the death rate. The demand for mortuary equipment, including body bags and autopsy tables, rises alongside the mortality rate. In the United States, the age-adjusted death rate increased by 5.3% from 2020 to 2021, reaching 879.7 deaths per 100,000 standard population, according to the Centres for Disease Control and Prevention. The mortality-driven demand for mortuary equipment is expected to propel the growth of the mortuary equipment market, with projected market sizes in 2023, 2024, and 2028.
What Are the Major Segments of the Mortuary Equipment Global Market Report 2024 Market?
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
What New Trends Are Transforming the Mortuary Equipment Global Market Report 2024 Market?
Product innovation leads in the mortuary equipment market, with companies like Mopec launching new cold storage container systems in January 2021. These systems offer increased refrigeration capacity for mortuaries and funeral homes, providing temporary and expandable solutions for managing deceased individuals.
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Which Regions Are Driving Growth in the Mortuary Equipment Global Market Report 2024 Market?
North America was the largest region in the mortuary equipment market in 2023. 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.
The Mortuary Equipment Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mortuary equipment global market report 2024 market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Mortuary Equipment Global Market Report 2024 Market Include
1. Mortuary Equipment Global Market Report 2024 Market Executive Summary
2. Mortuary Equipment Global Market Report 2024 Market Segments
3. Mortuary Equipment Global Market Report 2024 Market Size And Template Market Growth Rate
4. Key Mortuary Equipment Global Market Report 2024 Market Trends
5. Major Mortuary Equipment Global Market Report 2024 Market Drivers
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25. Key Mergers And Acquisitions In The Mortuary Equipment Global Market Report 2024 Market
26. Top Mortuary Equipment Global Market Report 2024 Companies
27. Mortuary Equipment Global Market Report 2024 Market Opportunities And Strategies
28. Mortuary Equipment Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix
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The Business Research Company offers the mortuary equipment global market report 2024 market research report 2024 with industry size, share, segments and market growth
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