Electric Bed Market Insights:
Electric Bed Market is projected to be worth USD 4.41 Billion by 2030, registering a CAGR of 6.7% CAGR during the forecast period (2022-2030), the market was valued at USD 2.46 Billion in 2021. In 2021, the segment with the highest market share 56.40% was semi-automatic electric beds due to the increase in cancer cases and cancer patients having procedures all around the world. In 2021, the general beds market had the highest share of 26.3%. In 2021, North America held a 46.13% market share, dominating the electric bed market due to the increasing number of patient admission and surgeries.
Electric Bed Market Dynamics:
A full electric hospital bed has unique characteristics for the patient’s comfort and well-being as well as the convenience of medical staff. With the stroke of a button, the electric medical bed’s motor controls can elevate the head, foot, and width of the bed frame.
Driver:
Construction and refurbishment of outdated hospitals with the addition of modern medical technology and hospital beds are made possible by an increase in healthcare spending which is fueling the growth of the electric bed market. Additionally, an important factor driving the market is the increasing number of surgeries, and the aging population, which has lower immunity and a slower rate of recovery and is hence more susceptible to illness.
Opportunities
Growing demand for and trend of home care settings around the globe is anticipated to create lucrative opportunities for the electric bed market. Further, innovation in electric bed and increased adoption by hospital facilities is fueling the market expansion and simultaneously providing profitable opportunities for the market.
COVID-19 Analysis of Electric Bed Market:
The global need for cutting-edge healthcare services and infrastructure to treat sick people is at an all-time high due to the serious COVID-19 outbreak. Medical/hospital beds, particularly ICU beds, are in high demand worldwide as one of the fundamental components of healthcare services as a result of an increase in COVID-19 patients. However, the capacity of the available healthcare beds is insufficient due to the current, rapidly worsening COVID-19 issue, and the global healthcare sector is currently facing a shortage of hospital beds. According to the Institute for Health Metrics and Evaluation, the United States will have a 16,323-bed shortfall in April 2020. Similar to this, there is a lack of ICU beds in many European nations.
Electric Bed Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 4.41 Billion |
| CAGR (2022-2030) | 6.7% |
| By Product | Semi-automatic Electric Bed, Fully Automatic Electric Bed |
| By Application | General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed, Others |
| By End Use | Hospitals & Clinics, Reproductive Care Centers, Dentistry, Others |
| By geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Arjo; Hill-Rom Services Inc.; Medline Industries, Inc.; PARAMOUNT BED CO., LTD.; Invacare Corporation; Stryker; Malvestio Spa; LINET; Gendron Inc.; Midmark India Pvt. Ltd. |
Electric Bed Market Segment Analysis:
By Product
In 2021, the segment with the highest market share 56.40% was semi-automatic electric beds. The segment’s expansion is due to the increase in cancer cases and cancer patients having procedures all around the world. For instance, according to a World Health Organization estimate from 2018, there were around 2.09 million cases of lung cancer, 2.09 million cases of breast cancer, and 1.80 million cases of colorectal cancer reported worldwide. Since semi-automatic electric beds are simpler for patients to use, these characteristics are therefore expected to increase demand for them in hospitals and clinics and accelerate the segment’s expansion.
By Application
In 2021, the general beds market had the highest share of 26.3%. The patient’s lower and upper body positions can be changed, and the General Electric bed also aids in changing the bed’s height. The global COVID-19 outbreak is driving up patient admissions, which is driving up demand for the medicine. Better patient comfort, especially for elderly patients, is made possible by general electric beds, and this feature is anticipated to fuel the segment’s expansion over the forecast period.
Over the projected period, the category for intensive care beds is anticipated to develop at the fastest rate. The segment is expected to grow due to an increase in accident cases and surgeries worldwide throughout the forecast period. For instance, 20 to 50 million individuals are injured or incapacitated each year, according to the Association for Safe International Road Travel (ASIRT). Additionally, it stated that each year in the United States, more than 37,000 people die in traffic accidents and 2.35 million suffer injuries or disabilities.
By End Use
In 2020, the segment with the biggest share of 38.10% was hospitals and clinics. The primary drivers of the segment’s growth are the rise in cancer and chronic wound cases as well as hospital admissions. Additionally, it is projected that the rising number of surgical procedures will have a beneficial effect on the segment’s growth throughout the projection period.
By Region
In 2021, North America held a 46.13% market share, dominating the electric bed market. The demand for electric beds in North America is anticipated to expand along with the number of surgeries and patient admissions. Major industry participants in the area are making efforts to improve patient comfort and safety by introducing innovations. The latest COVID-19 epidemic is also anticipated to increase demand for electric beds. Throughout the projection period, all of these factors are expected to fuel market expansion.
Electric Bed Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), Product innovation, various business strategies, and Product & Service launches have accelerated the growth of the electric bed market. Key players in the market include-
- Arjo
- Hill-Rom Services Inc.
- Medline Industries, Inc.
- PARAMOUNT BED CO., LTD.
- Invacare Corporation
- Stryker
- Malvestio Spa
- LINET
- Gendron Inc.
- Midmark India Pvt. Ltd.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Electric Bed
- Global Electric Bed Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Electric Bed Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- AverApplication primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Therapeutic
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Product Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Electric Bed Market demand
- Post-Covid Impact on Electric Bed Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Electric Bed Market Segmentation, Revenue (USD Billion), (2022-2030)
- By Product
- Semi-automatic Electric Bed
- Fully Automatic Electric Bed
- By Application
- General Bed
- Intensive Care Bed
- Bariatric Bed
- Birthing Bed
- Others
- By End Use
- Hospitals & Clinics
- Reproductive Care Centers
- Dentistry
- Others
- By Product
- By Global Electric Bed Market Overview, By Region
- North America Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Product
- By Application
- By End Use
- Canada
- Mexico
- US
- Europe Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Electric Bed Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Electric Bed Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- AbbVie, Inc.
- Business Overview
- Business Financials (USD Billion)
- Product Category, Source, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- AbbVie, Inc.
- Bayer AG
- Merck & Co., Inc.
- Pfizer, Inc.
- Teva Pharmaceutical Industries Ltd.
- Agile Therapeutics
- Amgen, Inc.
- Apothecus Pharmaceutical Corp.
- Blairex Laboratories, Inc.
- Ferring B.V.
- AbbVie, Inc.
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
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