Skip to main content

Hospital Foodservice Equipment Market To Achieve CAGR of 3.8% By 2028 on Account of Hike in Aging Population And Rising Prevalence of Chronic Diseases | Million Insights

Hospital Foodservice Equipment Market To Achieve CAGR of 3.8% By 2028 on Account of Hike in Aging Population And Rising Prevalence of Chronic Diseases | Million InsightsMillion Insights - World's Fastest Growing Market Research DatabaseAccording to new report available with Million Insights, the global hospital foodservice equipment industry research report offers a detailed analysis of key players, business strategies, revenue drivers & COVID-19 impact. It also offers ready, data-driven answers to several industry-level questions.

The global hospital foodservice equipment market size is expected to reach USD 10.55 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The rising aging population and increasing prevalence of chronic diseases are major factors responsible for the growth of this market. Moreover, technological advancement, growing demand for hospital foodservice equipment in countries including the U.S. and Germany, and the implementation of regulatory norms are other factors driving the market.

The recent advancement in the made-to-order system will fuel the growth of this market. This provides room service to the patients and is also available in delivery rooms for pregnant women. The made-to-order system is gaining more attraction in the market as it provides all nutritional information and supports online payment options. The growing shift towards energy-efficient equipment will also drive the market over the forecast period.

Click Here To Request Free Demo of Hospital Foodservice Equipment Market Report: https://www.millioninsights.com/snapshots/hospital-foodservice-equipment-market-report/request-demo 

 

The outbreak of the COVID-19 virus significantly affected the market for hospital foodservice equipment in 2020. Due to COVID-19, the hospitals reported a shortage of food, critical supply, and other materials with the rising patient population. It has also adversely impacted the supply chain due to the lockdown imposed in various states and countries.

The beverage dispensers segment captured the largest share of over 45.0% in 2020 due to its rising demand. Increasing spending by consumers on soft drinks has driven the segment. The installation of beverage dispensers in hospitals allows the dispense of soft drinks to the visitors and other staff members. Owing to this reason, the segment is estimated to witness growth over the forecast period.

The large-sized hospitals segment held the largest share of more than 70.0% in 2020 owing to the increasing patient population. The growing prevalence of chronic diseases and a rise in the aging population are also driving the demand for foodservice equipment. Owing to this reason, the large-sized hospitals segment is expected to dominate the market over the forecast period.

North America dominated the market with a revenue share of more than 36.0% in 2020 due to the high product demand in the U.S. and Canada. Increasing demand for environment-friendly equipment will drive the market in this region. Moreover, the increasing purchasing power of the consumers in this region is driving the market. Asia Pacific is estimated to be the fastest-growing regional market over the forecast period due to the rising demand for hospital foodservice equipment in countries, like China and India.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/snapshots/hospital-foodservice-equipment-market-report 

 

Hospital Foodservice Equipment Market Report Highlights

• Asia Pacific is expected to register the fastest growth rate of 5.0% from 2021 to 2028 owing to the growing trend of hospital foodservice equipment in countries, including China and India.

• By application, the large-sized hospitals segment captured the largest share of over 70.0% in 2020 owing to the increasing prevalence of chronic diseases.

• Based on product, beverage dispensers held the largest share of more than 45.0% in 2020 due to their rising demand.

• The establishment of partnerships to undergo sustainable developments and new product launches are some of the strategies utilized by the industry participants for gaining a competitive edge in the market.

Hospital Foodservice Equipment Market Segmentation

Million Insights has segmented the global hospital foodservice equipment market on the basis of product, application, and region:

  • Hospital Foodservice Equipment Product Outlook (Revenue, USD Million, 2017 - 2028)
    • Beverage Dispensers
    • Refrigerated Vending Machines
    • Commercial Freezers
    • Refrigerators
  • Hospital Foodservice Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)
    • Large Sized
    • Small and Medium Sized
  • Hospital Foodservice Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa 

List of Key Players of Hospital Foodservice Equipment Market

  • Ali Group Srl
  • Alto-Shaam Inc.
  • Cambro Manufacturing Co.
  • Duke Manufacturing
  • FUJIMAK Corp.
  • HOSHIZAKI Corp.
  • ITW Food Equipment Group
  • The Middleby Corp.
  • The Vollrath Co. LLC
  • Vanya Industrial Equipment
  • Standex International Corporation

 

Explore the Latest Snapshots Reports by Million Insights:

• Sports Events Tickets Market: The global sports events tickets market size was valued at USD 6.0 Billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.5% from 2021 to 2028.

• eBooks Market: The global eBooks market size was valued at USD 16.66 billion in 2020 and is expected to expand at a compound annual growth (CAGR) of 3.0% from 2021 to 2028. 

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/snapshots/hospital-foodservice-equipment-market-report


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.