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An increasing number of hospital admissions and a stupendous rise in emergency visits with a higher rate of acute conditions such as heart attacks and strokes have boosted the demand for comfortable and quality medical furniture to a greater extent. The pandemic presented several opportunities for the growth of telemedicine and the home healthcare business in the nation, despite its challenges. Around 59 percent of the hospital's total furniture requirements are for hospital beds, followed closely by lights and OT table segments. India's Medical Furniture Market size is projected to grow at a CAGR of 8.9 percent during 2022-2028. India's medical furniture market is in the growing stage of the industry life cycle as the healthcare market is rapidly witnessing growth in the country such that the healthcare industry size is estimated to reach Rs.27.7 lakh crore by 2022.
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Abhinav Rajpal
Director, Indian Surgical Equipment
Indian medical equipment market has been valued at $11 billion in 2022 and is projected to grow at 28 percent each year to touch $20 billion by 2030. The government’s initiatives and policies like ‘Make-in-India’ has been at promoting domestic manufacturing.
Sumeet Aggarwal
Managing Director, Midmark India
An increasing number of hospital admissions and a stupendous rise in emergency visits with a higher rate of acute conditions such as heart attacks and strokes have boosted the demand for comfortable and quality medical furniture to a greater extent.
Shalya
Medical devices market in India was valued at $12 billion in 2021 and is likely to expand at a CAGR of 13.5 percent from 2022 to 2025. Growing health awareness coupled with technological advancements
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