Transparency Market Research announces the release of a new research report titled “Mortuary Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”. According to the study, the global mortuary equipment market is estimated to develop at a 6.30% CAGR from 2015 to 2023, growing from a value of US$173.4 mn in 2014 to US$306 mn by 2023.
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On the basis of product type, the mortuary equipment market is segmented into autopsy and dissection tables, cadaver trolleys, refrigerators and freezers, cadaver lifts, and others. Refrigerators and freezers dominate the overall market in terms of revenue owing to increased awareness about the products and high cost of the equipment. Freezers and refrigerators form the most fundamental mortuary equipment needed for storage of corpses and preventing them from decaying. Respective national policies mandating the use of freezers and refrigerators in mortuary facilities has additionally boosted their demand. Moreover, this segment has received tremendous support from the development of advanced mobile equipment.
Cadaver handling and transportation equipment such as lifts and trolleys are anticipated to register the highest growth by 2023 owing to the rise in deaths from unnatural causes. Market players in this segment have been focusing on the development of effective and novel equipment such as portable cadaver scissor lifts with rollers, hand-cranked cadaver lifts, hydraulic autopsy carriers, and hand-cranked autopsy carriers, to ensure increased acceptance of the mortuary products during the forecast period.
On the basis of application, the market for mortuary equipment is categorized into forensics, research and academics, and cultural. The increasing use of cadavers in all these application areas has grown in the recent past, boosting the overall mortuary equipment market.
On the basis of geography, the global mortuary equipment market is fragmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In terms of revenue, North America dominates the global mortuary equipment market, followed by Europe. These developed regions are mainly driven by the strong presence of leading market players and availability of advanced portable devices with remarkable efficacy. Asia Pacific has been identified as an exceptionally lucrative market for mortuary equipment owing to a favorable gap between demand and supply and rapid development of healthcare infrastructure in the form of hospitals and clinical settings. Given the practice of ensuring proper cleansing and wrapping of the corpses in countries within the Middle East and Africa, the market for mortuary equipment in this region is anticipated to grow over the coming years.
Some of the most prominent players operating in the global mortuary equipment market are Thermo Fisher Scientific, Inc., Mortech Manufacturing, Inc., Flexmort, KUGEL Medical Gmbh & o. KG, Ferno-Washington, Inc., LEEC UK, and Mopec.
Full Research Report on Global Mortuary Equipment Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/mortuary-equipment-market.html
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