The global hospital foodservice equipment market size was valued at USD 7.83 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. The rising healthcare industry globally is estimated to fuel the market growth over the forecast period. Various manufacturers are investing more in R&D and are also expanding their businesses in different parts of countries to develop new products. Due to the presence of many players, the competition in this market is high. Hence, the market for hospital foodservice equipment is projected to witness growth over the forecast period. Hospitals offer great service to patients and the public. It also has the burden of competing with other hospitals for patients and hospital staff. The foodservice at hospitals provides a great way to satisfy inpatients, hospital staff, and other visitors. Hence, hospital foodservice equipment plays an important role in this market, wherein the equipment are designed to cater to patients and visitors coming to hospitals. It also offers a nutritious meal so that the patient can recover faster.
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.
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 accounted for the largest share of over 45.0% in 2020 owing to its rising demand. Increasing spending on soft drinks by consumers has fueled the segment growth. The installation of beverage dispensers in hospitals allows the dispense of soft drinks to the visitors and other hospital staff members. Owing to this reason, the segment is estimated to witness growth over the forecast period.
Refrigerated vending machines will register the highest growth rate over the forecast period due to their rising demand. Refrigerated vending machines remove excess heat from the product to maintain its temperature lower than the surrounding. These are used for preserving food, beverages, and other similar products. It also helps in increasing the shelf life of the product. The growing cold chain market, increasing use of advanced technologies, and rising demand for chilled products are major factors driving the segment.
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.
The small and medium-sized hospitals segment will register the highest growth rate over the forecast period. Rising income level, along with changing health systems, is estimated to drive the demand for foodservice equipment in small and medium-sized hospitals. However, the average patient flow to this hospital is low compared to other large-sized hospitals, leading to a small waiting period for the patients. The small and medium-sized hospitals also provide quality treatment compared to other public and large-sized counterparts.Regional Insights
North America held the largest share of over 36.0% in 2020 due to the high product demand in the U.S. and Canada. The demand for various types of equipment such as refrigerated vending machines, beverage dispensers, and other refrigerators is increasing in this region. In addition, the high hygiene standards, coupled with a rise in demand for environment-friendly equipment as a result of increasing consumers’ awareness, will drive the market in this region over the next few years.
Asia Pacific is expected to register the highest CAGR of 5.0% from 2021 to 2028 due to the increasing demand in key economies, including China, Japan, and India. The rising aging population and improved living standards are major factors driving the market in this region. Improved healthcare facilities and emerging economies in the region are also estimated to fuel the market growth over the forecast period.
The main focus of the companies is on innovating new products to meet the increasing demand for hospital foodservice equipment. However, implementing sustainability has its unique challenges and limitations. Various companies are focusing on the launches and expansion of recent developments in the market. Technological innovation in design has also influenced market growth. For instance, multiple players have made enormous investments in Salvagnini L5 fiber laser machinery that would help modernize the manufacturing process in the next few years. Some prominent players in the global hospital foodservice equipment market include: -
Report Attribute |
Details |
Market size value in 2021 |
USD 8.07 billion |
Revenue forecast in 2028 |
USD 10.55 billion |
Growth Rate |
CAGR of 3.8% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2017 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Germany; U.K.; France; China; Japan; Brazil; South Africa |
Key companies profiled |
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 |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global hospital foodservice equipment market report on the basis of product, application, and region:
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