Global Mortuary Equipment Market to Witness Growth Through 2020, Due to Higher Investments in Medical Research, Says Technavio

According to the latest market study released by Technavio, the global mortuary equipment market is expected to grow at a CAGR of more than 5% during the forecast period.

This research report titled ‘Global Mortuary Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

“State regulations and policies mandating the need for appropriate refrigeration and transportation systems are creating a demand for the products in this market. These regulations require hospitals and body farms to have a minimal amount of functional equipment to safely store bodies, without which these facilities would not be allowed to operate,” says Amber Chourasia, a lead analyst at Technavio for lab equipment research.

Request sample report: http://goo.gl/u1s70D

The report categorizes the global mortuary equipment market into four major product segments. They are:

• Refrigeration equipment
• Autopsy table
• Cadaver lifts and trolleys
• Other mortuary equipment

Global mortuary refrigeration equipment market

The global mortuary refrigeration equipment market was the largest among the different product segments, accounting for approximately 54% of the overall market revenue in 2015. These devices are highly advanced and have several functional advantages over other product segments in the market.

Mortuary refrigerators include body freezers and temporary storage refrigerators. These products are the costliest products in the mortuary equipment market, which is one of the reasons for the larger share of the market despite the longer replacement cycles.

The innovations in this product segment regarding product design and power consumption will be the major factors driving the demand for mortuary refrigerators during the forecast period. The introduction of integrated refrigeration solutions from manufacturers like Mopec have led to a rise in the demand for these products and will continue to do so between 2015 and 2020.

Global autopsy table market

The global autopsy table market is expected to be one of the fastest-growing segments. The market is expected to grow at a CAGR of around 6% during the forecast period. This segment also includes autopsy workstations and tables.

The major growth driver for this segment is the incremental innovations regarding product design and functionality, which allows for greater integration of other forensic tools with these products. Appropriate post-mortem procedures can prevent the risk of infectionand spread of diseases and can be ensured with the help of proper autopsy and dissection tables. The rising emphasis on medicalresearch and an increase in the investments in this field have led to a surge in the demand for cadavers. The recent developments in the understanding of Alzheimer’s were done by examining the brain decay process in cadavers.

A major chunk of the demand is expected to arise from APAC and MEA markets during the forecast period. In addition, regulations mandating the use of proper autopsy tables and other equipment by authorities in many countries will also fuel the growth of the market during the forecast period.

Global cadaver lifts and trolleys market

The cadaver trolleys and lifts market exhibited a slow growth rate between 2010 and 2015, however, the demand for these products is expected to pick up during the forecast period.

The rising number of road accidents and unnatural deaths in recent years has led to the need for equipment to facilitate the movement of bodies and corpses. The need for effective transportation of corpses from the site of death to the hospitals will lead to a rise in the demand for better-designed products in this segment, which include hand-cranked cadaver lifts, hand cranked autopsy carriers, and hydraulic autopsy carriers among others. These features will ensure higher adoption and acceptance of these products during the forecast period.

Global other mortuary equipment market

Other mortuary equipment includes body bags, body rests, saws and saw tables, weighing scales, casework, and shelving units, among others. The demand for these products will rise gradually, allowing this segment to maintain steady growth.

“The increasing number of deaths, particularly unnatural deaths, will lead to the rise in the demand for these products. With several of these products being disposable, the volumes are relatively higher with replacement cycles being the shortest among all the product segments in the global mortuary market. The regulations and policies that mandate proper disposal of corpses will fuel the demand for these products, especially in the APAC market,” says Amber.

The top vendors highlighted by Technavio’s research analysts in this report are:

• KUGEL
• Mopec
• Mortech Manufacturing
• Thermo Fisher Scientific
• LEEC

Browse Related Reports:

• Global Bone Densitometer Market 2016-2020
• Global Ion-Exchange Chromatography Market 2016-2020
• Global Air-Jacketed CO2 Incubator Market 2016-2020

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160824005031/en/