Industry Analysis & Industry Trends
Decreased health coverage during the recession led to fewer doctors visits and falling demand for hospital furniture. However, the aging population and changes in healthcare laws that increase access to health services are helping the industry rebound. Although imports will pressure growth for domestic operators, rising healthcare expenditure and doctors visits will help revenue continue to grow.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hospital Furniture Manufacturing industry is now lagging behind US GDP growth, though this is due to the disproportionate declines the industry experienced over the past five years. Over the 10 years to 2017, Industry value added (IVA), which measures the value that the industry adds to the overall economy, is forecast to fall 0.2% per year on average. In comparison, US GDP is expected to expand an annualized 1.9% during the same period. However, over the five years to 2017, IVA is forecast to grow 3.5% per year on average, compared to forecast average GDP growth of 3.2% over that same period.
Demand for industry products has also been bolstered by favorable demographics... purchase to read more