Hospital Furniture Market to Reach $15.5 Billion by 2032 on Healthcare Expansion and Advanced Furniture Demand
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The global hospital furniture market is projected to reach $15.5 billion by 2032, growing at a CAGR of 6.7% from 2023-2032.
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Key drivers include expansion of healthcare infrastructure, availability of advanced furniture, and rise in hospital admissions. High costs may restrict growth.
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Hospital beds accounted for the largest share in 2022 and are expected to grow at the fastest rate of 7.5% through 2032.
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Offline sales channels dominated with 2/3rd market share in 2022, though online channels will see faster 7.2% CAGR growth.
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North America held the largest market share in 2022 with over 1/3rd global revenue. Asia-Pacific will see the fastest growth at 7.6% CAGR through 2032.