Growing technological innovation in terms of automation and development of sturdier equipment are the major trends observed in the mortuary equipment market. Therefore, rapid upgrading and replacement of mortuary equipment is expected to drive the market. Proliferation of private healthcare sector has further opened new sales avenues for mortuary equipment manufacturers. Introduction of a large number of private mortuaries that also offer funeral services will open new opportunities for manufacturers. Furthermore, rapid commercialization of advanced equipment and devices that are easy to operate adding to reduced procedural time and greater convenience will drive this market.

The purpose of this research study titled ‘Mortuary Equipment Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global mortuary equipment market. This report presents and analyzes the major trends prevalent in the global mortuary equipment market and the market size and forecast.

This report categorizes the global mortuary equipment market in terms of products such as refrigeration units, trolleys, stretchers and lifts, autopsy tables and workstations, cabinets, and others (bags, covers, etc.). Based on applications, this market is categorized into cultural, research and academia, and forensic investigation applications. Market size and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.

The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of products, application and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global mortuary equipment market. Competition assessment tools such as, Porter’s five forces analysis, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the mortuary equipment market. The key players profiled in this report are C.F. di Ciro Fiocchetti & C. s.n.c., Ferno-Washington, Inc., Flexmort (Roftek Ltd.), Hygeco Lear, Kugel Medical, Leec Ltd., Mopec, Mortech Manufacturing Company Inc., SM Scientific Instruments Pvt. Ltd. and Thermo Fisher Scientific.

In 2016, refrigeration units held the largest revenue share in the global mortuary equipment market. High purchase and installation costs of these equipment greatly contribute to the dominance of this segment. Rapid establishment of new private morgues that also provide funeral services mainly drive the growth of refrigeration units market. The demand for refrigeration units is further high in geographical locations affected with war-like situations. Furthermore the demand for customized storage solutions is also expected to be high during the forecast period. Additionally, the autopsy tables and workstations segment is expected to register the highest growth during the forecast period. Technological advancement and introduction of novel automated equipment that ensure faster procedural time and convenience to professionals will mainly drive the growth of this segment.

Cultural application currently leads the global mortuary equipment market and will continue to maintain its lead through the forecast period 2017-2025. Storage of growing hospital deaths, road accidents and similar such mortality events lead to increased number of cadavers being stored in mortuaries before claims and eventual funerals. The dominance of cultural application in mortuary equipment market is the highest in regions where burial is the most prominent form of funeral. On the other hand, growing research initiatives and commercial urge towards further exploring anatomy for medical advancement makes research and academia the fastest progressing application segment.

Geographically, the global mortuary equipment market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.  

North America and Europe dominate the global mortuary equipment market in 2016 with the largest revenue share. Dominance of these regions is mainly contributed by domicile of a large number of market players, higher number of private hospitals and mortuaries. The adoption of technologically advanced equipment and replacement of obsolete products is also high in the regions. Majority of the population in these regions follow Christianity, thereby the demand for funeral services is also the highest in North America and Europe. This trend demands efficient storage of corpses until funnel arrangements are done. Furthermore, perpetual advancement in technology of mortuary maintenance along with higher affordability has kept the demand for mortuary equipment high and sustained in these regions. On the other hand, Asia Pacific is expected to witness fastest growth rate in the global mortuary equipment market. Proliferation of private mortuaries in the region, rapid rise in number of hospitals and proliferation of healthcare infrastructure chiefly contribute to the growth of Asia Pacific market. Emergence of local market players and entry existing players in Asia Pacific also drive the market growth.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mortuary Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Mortuary Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Mortuary Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Mortuary Equipment market?
• Which is the largest regional market for Mortuary Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Mortuary Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Mortuary Equipment market worldwide?