Medical Cabinetry Market

The report "Medical Cabinetry Market by Product (Operatory Cabinetry, Sterilization center cabinetry), Usage (Storage, Security, Sterilization), Material (Wooden, Metal, Plastic), End User (Hospitals, Laboratories, Veterinary facilities) - Global Forecast to 2027", is projected to reach USD 11,711.0 million by 2027 from USD 9,308.1 million in 2022, at a CAGR of 4.7% during the forecast period.

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Market is driven by factors such as increasing number of hospitals and clinics, rising investment in healthcare infrastructure development, growing demand for technologically advanced products and their rising income levels in developed countries, and increasing government support for development of new hospitals and laboratories. On the other hand, high cost of medical cabinets is expected to limit market growth to a certain extent in the coming years. Increasing investment in new design development and incorporation of technology in basic medical cabinets expected to offer significant opportunities to medical cabinetry market.

“The operatory cabinetry segment accounted for the largest market share in the Medical cabinetry market, by product, in 2021”

The medical cabinetry market by product is segmented into operatory cabinetry, sterilization center cabinetry, work stations, and other cabinetry products. The operatory cabinetry segment is further sub-segmented into treatment stations, central station, storage units, and other operatory cabinetry. In 2021, operatory cabinetry accounted for the largest share in medical cabinetry market. The increasing number of hospitals and clinical setting and rising demand for has led to the high adoption of operatory cabinets.

Storage usage segment accounted for the largest market share in the medical cabinetry market, by usage in 2021”

The medical cabinetry market by usage is segmented storage, security, sterilization, and other usage. The storage segment accounted for the largest market share in 2021. This can be attributed to the increasing demand for proper storage of medication in hospitals and other clinical settings.

Wooden material segment accounted for the largest market share in the medical cabinetry market, by material in 2021”

The medical cabinetry market by material is segmented wooden, metal, and plastic. The wooden segment accounted for the largest market share in 2021. This can be attributed to the increasing adoption of wooden cabinets in healthcare settings.

“Hospitals segment accounted for the largest market share in 2021”

Based on end user, the medical cabinetry market is segmented into hospitals, laboratories, dental facilities, veterinary facilities, and others. The hospitals segment accounted for the largest market share in 2021 due to high demand for medical cabinets for various applications.

“North America region accounted for the largest share in medical cabinet market in 2021”

The global medical cabinetry market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is likely to gain major market share in 2021. The North America medical cabinetry market is being driven by presence of major market players, increasing investment in healthcare sector, and increasing demand for technologically advanced cabinetry. Asia-Pacific, on the other hand, will experience significant growth in the coming years due to the rising number of healthcare centers.

The major players operating in this market are  Allied Healthcare Products (US); GPC Medical Ltd (US); Hill-Rom Holdings, Inc. (US); Invacare Corporation (US); Stiegelmeyer GmbH & CO KG (Germany); Kovonax (Czech Republic); Linet spol. S R.O. (Czech Republic); Herman Miller, Inc. (US); Met-lak (Poland), Promotal (France), Favero Health Projects (Italy), Villard (France), Steelco (Italy), Malvestio (Italy), Midmark Corporation (US), Kugel Medical GmbH & CO. KG (Germany), Meiko Maschinenbau GmbH & CO. KG (Germany).

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