South Korea Mortuary Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Autopsy Tables, Refrigerators, Mortuary Cabinets, Crematoriums, Body Transporters and Trays, and Others), By Type (Manual and Automated), and South Korea Mortuary Equipment Market Insights, Industry Trend, Forecasts to 2033.

South Korea Mortuary Equipment Market Insights Forecasts to 2033

• The South Korea Mortuary Equipment Market Size was valued at USD 28.61 Million in 2023.
• The Market is Growing at a CAGR of 7.44% from 2023 to 2033
• The South Korea Mortuary Equipment Market Size is Expected to Reach USD 58.62 Million by 2033

The South Korea Mortuary Equipment Market is anticipated to reach USD 58.62 Million by 2033, growing at a CAGR of 7.44% from 2023 to 2033.

Market Overview

South Korea mortuary equipment market encompasses a wide range of products and services designed for the preparation, storage, and preservation of deceased bodies. This market includes funeral-related equipment such as caskets, embalming tools, cooling systems, body bags, mortuary refrigerators, and other specialized instruments used by funeral homes, hospitals, and morgues. With a rapidly aging population and evolving cultural attitudes toward death and funeral practices, the demand for such equipment has seen steady growth. Additionally, advancements in medical technologies and the increasing emphasis on hygiene and safety standards in the handling of deceased bodies have driven innovation in mortuary equipment. The market is also influenced by funeral service providers, government regulations, and societal shifts toward cremation, which may impact certain product categories like traditional burial caskets. Overall, the South Korean mortuary equipment market is a critical sector in the broader funeral industry, providing necessary tools to ensure dignity, safety, and compliance with regulations in handling deceased individuals.

Report Coverage

This research report categorizes the market for the South Korea mortuary equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mortuary equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea mortuary equipment market.

Driving Factors

Cultural shifts toward more modern funeral practices, such as cremation, have also influenced the demand for specific types of equipment. Moreover, the government’s regulations surrounding the funeral industry, including safety and environmental standards, have driven innovation in the development of more sustainable and compliant products. Also, advancements in medical technology and the rise of specialized services in hospitals and morgues have created a market for more sophisticated and high-tech mortuary equipment, further contributing to the sector’s expansion.

Restraining Factors

Strict government regulations around health and safety standards, along with cultural norms surrounding death and funeral practices, can also hinder the market's expansion.

Market Segmentation

The South Korea mortuary equipment market share is classified into product and type.

• The body transporters and trays segment accounted for the largest revenue share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

The South Korea mortuary equipment market is segmented by product into autopsy tables, refrigerators, mortuary cabinets, crematoriums, body transporters and trays, and others. Among these, the body transporters and trays segment accounted for the largest revenue share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The growth in segment can be attributed to the essential role these products play in the transportation and handling of deceased bodies within funeral homes, hospitals, and morgues. These equipment items are vital for ensuring proper hygiene, safety, and efficiency in the process, making them indispensable to mortuary operations.

• The manual segment accounted for the leading market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mortuary equipment market is segmented by type into manual and automated. Among these, the manual segment accounted for the leading market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The segment growth can be attributed to the widespread use of manual equipment due to its lower upfront cost, ease of operation, and the familiarity with traditional methods in many funeral homes and morgues. Manual equipment is often preferred in smaller or budget-conscious facilities that may not have the resources to invest in more expensive automated systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mortuary equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LEEC Ltd
• SM Scientific Instruments Pvt. Ltd
• Ferno-Washington Inc
• C.F. di Ciro Fiocchetti & C. s.n.c
• Barber of Sheffield
• SOVA Motion
• KUGEL Medical GmbH & Co
• Mopec Inc
• Thermofisher Scientific Inc
• Span Surgical Co
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Korea mortuary equipment market based on the below-mentioned segments:

South Korea Mortuary Equipment Market, By Product

• Autopsy Tables
• Refrigerators
• Mortuary Cabinets
• Crematoriums
• Body Transporters and Trays
• Others

South Korea Mortuary Equipment Market, By Type

• Manual
• Automated