Hospital Foodservice Equipment Market Size, Drivers, Product Outlook and Growth Prospect till 2028

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Due to the COVID-19 pandemic, the healthcare industry is growing at a tremendous rate. Additionally, the demand
for nutritional and healthy food is rising. Such equipment plays a vital role in fulfilling the dietary needs of the
patients. Healthcare facilities ensure that the latest technology is incorporated in food preparation and distribution
to positively impact patients' wellbeing. The other factors that affect the growth of the hospital foodservice
industry are increased spending on healthcare, improved standard of living, and upgrade in the services. Usually,
the patients opt for hospitals that offer all the facilities with food services. Such a trend is expected to play a key
role in expanding the industry size in the near future.
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.
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.