From Bedside Tables to Waiting Room Chairs: The Best Hospital Furniture Manufacturers in the Business

Hospital furniture refers to the various types of furniture that are used across hospitals or other medical facilities to support patient care and comfort. This includes a wide range of items, such as hospital beds, stretchers, bedside tables, chairs, cabinets, carts, and other storage units.

The top performing hospital furniture manufacturers are-

Stryker Corporation

Market Position or History

In 2020, Stryker acquired Wright Medical Group, a global medical device company that specializes in orthopedic implants and surgical solutions.

Business Overview and Strategy

Headquartered in Kalamazoo, Michigan, United States, the company was established in 1941. It is known for designing and manufacturing a broad range of medical devices and equipment including hospital furniture.

Stryker aims to deliver innovative medical technologies and products that improve the quality of life for patients and healthcare providers around the globe. It strives to provide exceptional customer service and support to ensure the best possible outcomes for patients and healthcare professionals.

Strengths

• It holds a prominent position in the medical technology industry.
• It has a broad and diversified product portfolio across various medical specialties.
• The company has a significant global presence with operations in over 100 countries, providing access to a diverse customer base and new market opportunities.

Weaknesses

• It relies heavily on the US market for a significant portion of its revenue, which makes the company vulnerable to changes in the US healthcare market.
• The company operates in a highly regulated industry exposing it to regulatory risks such as product recalls, compliance issues, and legal challenges.
• Its manufacturing facilities have limited production capacity.

Invacare Corporation

Market Position or History

In November 2019, Invacare announced the acquisition of Scandinavian Mobility Group for nearly USD 50 million. This decision is expected to solidify Invacare's position in the mobility and seating markets by providing the company with advanced technology for power wheelchair control systems.

Business Overview and Strategy

With its  headquarters in Elyria, Ohio, United States, the company was established in 1885. It is leading manufacturer and supplier of non-acute medical equipment such as walkers, mobility scooters, position beds, wheelchairs, along with pressure care products, among others.

Invacare strives to provide high-quality, innovative, and reliable products and services that meet the evolving needs of patients and healthcare providers. It is committed to promoting health, independence, and quality of life for its customers.

Strengths

• It has a diverse product pipeline.
• It has been showcasing a stable financial growth.
• It has a significant global presence with operations in over 80 countries.

Weaknesses

• Its products have a risk of defects, which could result in lawsuits and harm the company's reputation and financial performance.
• It faces intense competition from other players.
• It relies heavily on Medicare and Medicaid reimbursements for a significant portion of its revenue, making it vulnerable to changes in government healthcare policies.

Arjo AB

Market Position or History

In September 2020, Arjo acquired Acare, a Dutch medical device company that specializes in the development and manufacturing of bed exit alarm systems and other patient safety solutions.

Business Overview and Strategy

The company was established in 1957 with its headquarters in Sweden. Arne Johansson is the founding father of this enterprise.  It predominantly manufactures and distributes hospital furniture along with other medical devices and equipment.

Arjo is envisioned at enhancing the quality of life for individuals with mobility issues. It strives to make medical equipment easily accessible to everyone.

Strengths

• The company has a strong market position, with a wide range of products and services that meet the needs of healthcare providers and patients.
• It operates in over 100 countries, providing the company with a global presence and access to new market opportunities.
• It serves a diverse customer base, including hospitals, long-term care facilities, and home healthcare providers.

Weaknesses

• Its revenue is significantly dependent on government funding for healthcare services.
• It faces intense competition from both established players and new entrants.
• It relies on third-party suppliers for the raw materials and components used in its products, which could lead to supply chain disruptions and impact the company's production and delivery timelines.

Steris Corporation

Market Position or History

In April 2021, STERIS announced the acquisition of Cantel Medical, a US-based company that provides infection prevention and control products and services.

Business Overview and Strategy

Headquartered in Basingstoke, United Kingdom, the company was founded in 1985. It primarily provides sterilization and disinfection products and services for healthcare facilities, as well as equipment and services for the life sciences industry.

Steris Corporation’s vision is to create a healthier and safer world by providing innovative solutions that improve the quality of care for patients.

Strengths

• It has strong global presence with its operations in over 50 nations.
• It has built strong relationships with its customers, which include hospitals, clinics, and other healthcare providers, as well as pharmaceutical and biotech companies.
• It invests heavily in research and development to develop new products and technologies that address emerging healthcare needs and trends.

Weaknesses

• Its products and services are subject to government regulations, which could impact the company's operations and profitability.
• The company is exposed to litigation risks, which could result in financial losses or reputational damage.

Medline Industries LP

Market Position or History

In May 2021, Medline Industries announced the acquisition of Médi-Sélect, a Canadian medical supplies company that specializes in the distribution of medical and surgical supplies to long-term care facilities, hospitals, and clinics.

Business Overview and Strategy

The company was set up in 1966 with its headquarters located  in Northfield, Illinois.  The company offers a wide range of products, including exam gloves, textiles, surgical instruments, and clinical solutions, to hospitals, clinics, nursing homes, and other healthcare providers.

Medline Industries aims to improve the quality of patient care by providing innovative products and services to healthcare professionals.

Strengths

• The company has a strong distribution network, with 20 distribution centers in the US and over 60 worldwide, enabling it to serve customers efficiently and effectively.
• It has built a strong brand name in the healthcare industry, with a reputation for high-quality products and excellent customer service.
• The company has a global presence, with operations in North America, Europe, Asia-Pacific, and Latin America, enabling it to serve customers worldwide.

Weaknesses

• Its financial performance gets highly affected by economic fluctuations across the key regions.
• It operates in a highly regulated environment.
• The company relies on third-party manufacturers to produce many of its products, which could impact its ability to maintain quality control and could lead to supply chain disruptions.