Market Research Future (MRFR) will be publishing a cooked research report on “Global Mortuary Equipment Market” that contains the information from 2016 to 2024. The mortuary equipment market is expected to register a CAGR of 6.48% during the forecast period of 2019 to 2024.
Market Research Future (MRFR) recognizes the following companies as key players in the global mortuary equipment market that include LEEC Limited (UK), KUGEL Medical GmbH & Co. KG (Germany), SM Scientific Instruments Pvt. Ltd (India), Thermo Fisher Scientific (US), HYGECO (France), Mortech Manufacturing Company Inc (US), Mopec Inc. (US), Ferno-Washington Inc. (US), Barber of Sheffield (UK), EIHF Isofroid (France), Funeralia GmbH (Germany), Flexmort (UK), and others.
Avail Free Sample Copy at https://www.marketresearchfuture.com/sample_request/8207
Mortuary Equipment Market Highlights
The global mortuary equipment market is expected to register a CAGR of 6.48% during the forecast period, with a market value of USD 890.93 million in 2018. Mortuaries are places where corpses are preserved and stored for autopsies or educational and research purposes. Many equipment are used in mortuaries for preservation and for storing the cadavers for research and education.
High mortality rates, technological advancements, automation in mortuary procedures, and rising number of unclaimed bodies in morgues are likely to contribute to the growth of the market during the assessment period. According to data published by the Center for Disease Control and Prevention, the death rate of US in 2017 was 849.3 deaths per 100,000 people. However, the development of anatomage table and high cost of mortuary equipment are likely to restrain the market growth during the forecast period.
Segment analysis
The global Mortuary Equipment Industry, by product type, has been segmented into refrigeration units, autopsy platforms, embalming workstations, cadaver lifts & trolleys, dissection tables, and others. The refrigeration units segment accounted for a value of USD 231.40 million in 2018. On the basis of end user, the global mortuary equipment market has been segmented into hospitals, academic institutes & research organizations, forensic laboratories, and others.
Regional Analysis
Geographically, the global mortuary equipment market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to hold the largest share of the global mortuary equipment market. This is owing to the availability of a large number of private mortuaries, upgrading obsolete equipment, and rising demand for mortuary equipment in the region. Europe showed a considerable amount of growth in the market due to the rising need for better preservation of corpses for research and academic purposes and growing investment in private morgues which resulted in the increased purchase of mortuary equipment. Asia-Pacific is estimated to be the fastest growing region in the global market due to the increasing number of hospitals in private sectors including medical colleges, technological advancements, and rising investment by local players that export their products to developed countries at affordable prices. Australia held a share of 11.8% in the Asia-Pacific mortuary equipment market in 2018. Also, the Middle East and Africa are expected to steadily grow owing to the increasing use of mortuary equipment in countries such as Egypt, Saudi Arabia, and others, due to a large number of deaths caused by cancer observed in these regions which results in a higher demand for mortuary equipment.
Key Findings of the Study
- The global mortuary equipment market is projected to reach USD 1,282.21 million by 2024 at a CAGR of 6.48% during the review period from 2019 to 2024.
- Americas accounted for the largest share of the global market due to the rising demand for mortuary equipment in the region.
- The refrigeration units segment accounted for the largest product segment, with a revenue of USD 40 million in 2018.
- Some of the players operating in the mortuary equipment market are LEEC Limited, KUGEL Medical GmbH & Co. KG and Mopec Inc.
This research report provides insights, on various levels of analysis, such as industry analysis, market share analysis, leading market players, and their profiles. This report also helps in studying the target segments by providing views on emerging and high-growth segments and market conclusion. Together the market data comprises and discusses basic assessments on the competitive scenarios and strategies of the global mortuary equipment market, including the high-growth regions and their political, economic, and technological environments. Furthermore, the project report also provides views over historical market values as well as pricing and cost analysis of the same.
Browse Complete Report with TOC at https://www.marketresearchfuture.com/reports/mortuary-equipment-market-8207
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future published a Cooked research report on “Global Mortuary Equipment Market Research Report, forecast to 2024” – Market Size, Share, Growth, Analysis, Regional Outlook, Scope, Stake, Progress, Trends.Mortuary Equipment Market OverviewThe global mortuary equipment market is expected to exhibit a robust 6.48% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR).
The global mortuary equipment market is expected to reach a valuation of close to USD 1.3 billion by 2024.
The report presents a detailed analysis of the global mortuary equipment market, providing readers with a complete overview of the market’s major drivers and restraints.
Leading players operating in the global mortuary equipment market are also profiled in the report to give readers a clear overview of the market’s competitive landscape.Read more news on: https://www.medgadget.com/2020/09/mortuary-equipment-market-to-garner-usd-12-82-billion-by-2024-with-a-cagr-of-6-48-covid-19-impact-analysis-industry-growth-swot-analysis-company-profile-regional-outlook.htmlThe mortuary equipment market is mainly driven by the growing demand for technological updation and automation in mortuaries.
Due to the unpleasant nature of the work involved in mortuaries, many mortuaries are opting for automated machines that can carry out the work of multiple human workers easily and with no fuss.
Growing awareness about mortuaries and the increasing state expenditure to make mortuaries more technologically updated and modern are likely to be major drivers for the global mortuary equipment market over the forecast period.Mortuary Equipment Market Competitive Analysis:Leading players in the global mortuary equipment market include Flexmort, Funeralia GmbH, EIHF Isofroid, Barber of Sheffield, Ferno-Washington Inc., Mopec Inc., Mortech Manufacturing Company Inc., HYGECO, Thermo Fisher Scientific, SM Scientific Instruments Pvt.
Industry InsightsThe global mortuary equipment market size was valued at USD 678.7 million in 2016.
High demand for technology and automation in mortuary procedures such as post-mortem and shifting of cadavers as well as increasing number of morgue houses are expected to fuel the industry growth over the forecast period.In the recent years, a sharp rise in number of hospitals is observed due to the population growth, advancement in healthcare technology, rising incidences of chronic diseases and elevated healthcare expenditure by the government and individual.
The morgues numbers also rise with a large number of running hospitals.
The private morgues also mark their presence as the death industry came out as a revenue generated industry in past few years.
Due to the technology advancement and viability of floor space, the storage unit is available in different sizes from small-sized units for an infant to larger sizes for the obese.
The high demand for these equipment at private morgues and the popularity of customized storage units that assist the transfer of cadavers to its final ritual destination boost the segment growth in current the market.The other segments including the autopsy table is anticipated to grow at the fastest rate during the forecast period.
Market Research Future (MRFR)’s latest report reveals that the global veterinary ultrasound market is set to expand saliently striking a CAGR of 6.10% during the forecast period 2018 to 2023.
However, lack of knowledge and awareness about animal health remains an impediment to the market growth.The inclination towards pet companionship coupled with increased spending on pet healthcare has paved the way for veterinary ultrasound market expansion.
Increased awareness about animal health care and the availability of advanced medical facilities are the key factors driving the growth of the market.The rising prevalence of zoonotic diseases, also known as zoonoses, is the key area of focus in the meat and dairy industry.
The devices segment is further sub-segmented into portable/compact ultrasound scanners and cart-based ultrasound scanners.By type, the market is segmented into 2D ultrasound imaging, 3D ultrasound, Doppler imaging, and others.
Among these, the 2D ultrasound imaging segment presently accounts for the largest share of the market.
The segment is expected to gain traction in the market owing to its applications in diagnosing heart defects, issues with kidneys, and other potential internal issues.By animal type, the market has been segmented into small companion animals, large animals, and others.
Market Overview:The Data Classification Market is anticipated to grow by US$1,597.0 million by 2023 rapidly growing at a CAGR of 22.8% during the forecast period.
The global data classification market is driven by growing investment for research and development from key players as well as growing demand for data analysis in different industry verticals.
These factors have helped shape the data classification market and are expected to boost the growth.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7378 Comparative Analysis:The data classification market is supported by several factors including high demand, entry of new companies, organized IT environment in many countries, and availability of skilled professionals.
The report covers all such details which will help companies in the data classification market to strengthen their business plan and improve their product portfolio.
On the basis of components, the market for data classification is segmented based on solution - standalone solution and integrated solution, and services - consulting service, maintenance & support service, and integration service.
OverviewThe data classification market is anticipated to grow by US$1,597.0 million by 2023 rapidly growing at a CAGR of 22.8% during the forecast period.
The global data classification market is driven by growing investment for research and development from key players as well as growing demand for data analysis in different industry verticals.
These factors have helped shape the data classification market and are expected to boost the growth.
The global market for data classification is also covered based on the application segment which is further split into GRC, access control, web, centralized management, and mobile & email protection.Factors like foreign direct investment as well as outsourcing of services in order to save costs, technical support from modern tools available support the data classification market growth.
The data classification market segmental analysis provided in the report offers major details about the data classification market based on the data and forecasts till 2023Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7378 Regional OverviewCompanies in the data classification market are spread across the world.
A detailed analysis of the data classification market across India, China, and Japan in the Asia-Pacific region is also presented in the report.Competitive LandscapeThe data classification market is supported by several factors including high demand, entry of new companies, organized IT environment in many countries, and availability of skilled professionals.
Market HighlightsThe data classification market is anticipated to grow by US$1,597.0 million by 2027 rapidly growing at a CAGR of 22.8% during the forecast period.
The global data classification market is driven by growing investment for research and development from key players as well as growing demand for data analysis in different industry verticals.
These factors have helped shape the data classification market and are expected to boost the growth.
Analysts studying the data classification market have also shared growth projections in the report and have suggested data classification market players to plan business strategies accordingly.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7378Market SegmentationThe global data classification market has been segmented based on component, application, and type.
The global market for data classification is also covered based on the application segment which is further split into GRC, access control, web, centralized management, and mobile & email protection.Factors like foreign direct investment as well as outsourcing of services in order to save costs, technical support from modern tools available support the data classification market growth.
The data classification market segmental analysis provided in the report offers major details about the data classification market based on the data and forecasts till 2027.Key PlayersThe data classification market is supported by several factors including high demand, entry of new companies, organized IT environment in many countries, and availability of skilled professionals.
