Mortuary Equipment Market Global Statistics, Business Dynamics, Competitive Landscape, Growth Values, Industry Size and Forecast to 2024

Market Highlights:
The Global Mortuary Equipment Market is expected to register a CAGR of 6.48% during the forecast period, with a market value of USD 890.93 Million in 2018. Mortuaries are places where corpses are preserved and stored for autopsies or educational and research purposes. Many equipments is used in mortuaries for preservation and for storing the cadavers for research and education.
High mortality rates, technological advancements, automation in mortuary procedures, and rising number of unclaimed bodies in morgues are likely to contribute to the growth of the market during the assessment period. According to data published by the Center for Disease Control and Prevention, the death rate of the US in 2017 was 849.3 deaths per 100,000 people. However, the development of the anatomy table and high cost of mortuary equipment are likely to restrain the market growth during the forecast period.
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Market Players:
·         LEEC Limited
·         KUGEL Medical GmbH & Co. KG
·         SM Scientific Instruments Pvt. Ltd
·         Thermo Fisher Scientific
·         HYGECO
·         Mortech Manufacturing Company Inc
·         Mopec Inc
·         Ferno-Washington Inc
·         Barber of Sheffield
Segment Analysis:
·         The global mortuary equipment market, by product type, has been segmented into refrigeration units, autopsy platforms, embalming workstations, cadaver lifts & trolleys, dissection tables, and others.
·         The refrigeration units segment accounted for a value of USD 231.40 million in 2018.
·         On the basis of end-user, the global mortuary equipment market has been segmented into hospitals, academic institutes & research organizations, forensic laboratories, and others.
Regional Analysis:
Geographically, the global mortuary equipment market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to hold the largest share of the global mortuary equipment market. This is owing to the availability of a large number of private mortuaries, upgrading obsolete equipment, and rising demand for mortuary equipment in the region. Europe showed a considerable amount of growth in the market due to the rising need for better preservation of corpses for research and academic purposes and growing investment in private morgues which resulted in the increased purchase of mortuary equipment. Asia-Pacific is estimated to be the fastest growing region in the global market due to the increasing number of hospitals in private sectors including medical colleges, technological advancements, and rising investment by local players that export their products to developed countries at affordable prices. Australia held a share of 11.8% in the Asia-Pacific mortuary equipment market in 2018.
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