What Transformation Has the Mortuary Equipment Market Undergone?
The mortuary equipment market has seen considerable growth due to a variety of factors.
• There has been a substantial increase in the size of the mortuary equipment market in past years. It is projected to rise from a value of $1.11 billion in 2024 to $1.2 billion in 2025, marking a compound annual growth rate (CAGR) of 7.8%.
Factors such as improved healthcare infrastructure, population growth, the funeral industry, regulatory compliance, and natural disasters have contributed to this growth historically.
How Will The Mortuary Equipment Market Size Evolve In The Foreseeable Future?
The mortuary equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Rapid expansion is anticipated for the mortuary equipment market within the next few years, with projections suggesting it will reach a value of $1.86 billion by 2029, growing at a CAGR of 11.7%.
This growth during the forecast period is linked to factors such as an aging population, the military, law enforcement, cremation services, cultural diversity, and measures for pandemic readiness. The anticipated trends within this forecast timeline include green burial strategies, digital documentation and management, distanced autopsies, environmentally sustainable operations, and intelligent mortuary facilities.
Which Drivers Are Accelerating Growth In The Mortuary Equipment Market?
The expected rise in mortality rates is set to fuel the expansion of the mortuary equipment market. The term mortality rate, frequently referred to as the death rate, quantifies the number of fatalities in a particular locale or timeframe. As the death rate soars, the need for mortuary equipment such as body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, designed to store and conserve deceased individuals also escalates. For example, research conducted by the American Cancer Society, a health institution based in the US, projected 609,360 cancer-related deaths and 1.9 million fresh cancer cases in the US in January 2022. That equates to approximately 1,670 deaths each day. Consequently, the rise in mortality rates propels the expansion of the mortuary equipment market.
What Are The Core Segments Of The Global Mortuary Equipment Market?
The mortuary equipment market covered in this report is segmented –
1) By Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types
2) By Application: Manual, Automated
3) By End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users
Subsegments:
1) By Refrigerators And Freezers: Single-Door Refrigerators, Double-Door Refrigerators, Freezers
2) By Autopsy and Dissection Tables: Hydraulic Autopsy Tables, Fixed Autopsy Tables, Dissection Tables
3) By Cadaver Lifts: Hydraulic Cadaver Lifts, Electric Cadaver Lifts
4) By Cadaver Trolleys: Manual Cadaver Trolleys, Electric Cadaver Trolleys
5) By Other Types: Embalming Machines, Storage Cabinets, Body Bags And Accessories
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Which Emerging Trends Are Reshaping The Mortuary Equipment Market Size?
Significant businesses in the mortuary equipment market are fostering strategic partnerships to pioneer family funeral insurance services. The term strategic partnerships denotes a method wherein firms utilize each other's capabilities and assets for shared advantages and accomplishments. To illustrate, in April 2023, Letshego Lesotho, a financial institution based in Africa, joined forces with Alliance Insurance Company, a US-based insurance provider. The collaboration aspires to debut Lesotho's inexpensive family funeral insurance offering, the ‘Sekhele Funeral Plan’. In alliance with Alliance Insurance Company, Letshego Lesotho extends more affordable funeral insurance services to Basotho and a wide array of innovative offerings. As an instance, the Sekhele Funeral Plan’s Family Cover mandates a minimum monthly premium of M41 and grants indemnities of up to M100,000. The plan's fundamental funeral insurance alternatives are divided into Bronze, Silver, Gold, and Platinum tiers. Monthly premiums vary from M41 to M103 for Member-only packages, and M56 to M188 for the Comprehensive Family Plan.
Who Are the Key Players in the Mortuary Equipment Market?
Major companies operating in the mortuary equipment market include:
• Ferno-Washington Inc.
• Flexmort
• LEEC Limited
• Mortech Manufacturing Company Inc.
• Kugel Medical GmbH & Co. KG
• EIHF Isofroid
• Hygeco
• S.M. Scientific Instruments Pvt. Ltd.
• Mopec Inc.
• Barber of Sheffield Ltd.
• C.F. di Ciro Fiocchetti & C. s.n.c.
• Mortuary Lift Company
• Funeralia GmbH
• Span Surgical Co.
• Thalheimer Kühlung GmbH & Co. KG
• Roftek Ltd.
• Thermo Fisher Scientific Inc.
• Hickey & Co.
• SOVA Motion
• Shandon Inc.
• Mortuary & Cemetery Supply Co.
• Jiangsu Saikang Medical Equipment Co. Ltd.
• American Crematory Equipment Co.
• B&L Cremation Systems Inc.
• C.F. Weber Co. Inc.
• Coldspring
• Crescent Memorial
• Custom Air Trays
• DFW Europe
• Eckels
• Funeral Source One
• GEM Scientific Inc.
What are the Regional Insights into the Mortuary Equipment Market?
North America was the largest region in the mortuary equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mortuary equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
