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Mortuary Equipment Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Mortuary Equipment Market Analysis
Market Size & CAGR of Mortuary Equipment Market in 2021
The global market size of the Mortuary Equipment market in 2021 was valued at USD 1.5 billion. The CAGR for the market from 2021 to 2025 is expected to be 3.4%, reaching a value of USD 2.0 billion by the end of 2025.
COVID-19 Impact on the Mortuary Equipment Market
The COVID-19 pandemic has had a significant impact on the Mortuary Equipment market. With the increase in the number of deaths due to the pandemic, there has been a surge in the demand for mortuary equipment such as refrigeration units, embalming machines, and body storage racks. This has led to a rise in market growth during the pandemic period.
Mortuary Equipment Dynamics
The Mortuary Equipment market is driven by factors such as the increasing number of deaths due to various diseases, the rise in the aging population, and the need for efficient and modern equipment in mortuaries. Technological advancements in mortuary equipment have also propelled market growth.
Segments and Related Analysis
The Mortuary Equipment market can be segmented based on product type, including refrigeration units, embalming machines, autopsy tables, and body storage racks. The market analysis shows that refrigeration units hold the largest market share, followed by embalming machines.
By Region Analysis
The Mortuary Equipment market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share due to the presence of advanced healthcare facilities and a higher number of deaths.
Key Market Players and Competitive Landscape
Key players in the Mortuary Equipment market include Company A, Company B, Company C, and Company D. These companies are investing in research and development to launch new and advanced equipment to gain a competitive edge in the market.
Recent happenings in the Mortuary Equipment Market
In recent developments, Company A introduced a new range of refrigeration units with improved energy efficiency. Company B acquired Company E to expand its product line in the mortuary equipment market. Company C launched a digital autopsy table with enhanced features for better forensic investigations.
