The market for electric bed is expected to grow at a CAGR of around 6.9% from 2020 to 2027 and expected to reach the market value of around US$ 4,010.4 Mn by 2027.
Electric beds are designed to adjust both the upper and lower body positions and to adjust the height of the bed itself. These can sort out a variety of medical complaints and exponentially increase comfort. Additionally, a full electric hospital bed is a large specifically designed hospital bed with a sturdy, metal, and motorized adjustable-height bed frame that allows the foot, knee, and head segments to be adjusted by enabling the entire bed to be raised or lowered by a touch of an easy-to-use handheld electronic control. Whereas, there are two types of electronic beds are available in the market including semi-electric and full electric.
The rising number of hospitals in developing countries, increasing patient population, growing geriatric population, rising adoption of technologically advanced products, an increased number of patient admissions in hospitals and clinics is supporting the demand of electric bed in the market. The electric beds are among the major requirements for aged people and patients with critical conditions because they provide several facilities, such as extra comfort and improved blood circulations, and are equipped with caregiver assistance, which is very beneficial for such patients. The presence of a large population base over 60 years, which is prone to neurological diseases, cardiac problems, cancer, and spinal injuries, due to lower immunity levels is supporting the market growth. The aforementioned factors are bolstering the number of surgeries globally which is another factor propelling the market value. Furthermore, the technological advancements along with the continuous development in the product offerings are likely to create potential demand over the forecast period.
On the other side, the low adoption rate of electric bed by patients opting for home healthcare settings is likely to hinder the growth over the forecast period from 2020 to 2027.
Segment Instance of Global Electric Bed Market Revenue (US$ Mn)
General Bed leads the market with maximum revenue share in the global market
In 2019, General Bed segment by the application has registered maximum revenue in the global market. The increasing admissions of patients due to the outbreak of COVID-19 across the globe are bolstering the segmental market value. The features provided by the general bed like the adjustable height of the bed and adjustable lower and upper body positions to the patient are supporting the growth.
North America accounted for the maximum revenue share in the global electric beds market
In 2019, North America registered a major revenue share (%) and is also projected to maintain its dominance over the forecast period from 2020 to 2027. The major economies of the region including the US and Canada are contributing to the regional market value. The well-established healthcare infrastructure and high per capita income is bolstering the regional market value.
Asia Pacific is projected to exhibit fastest growth over the forecast timeframe from 2020 to 2027
The Asia Pacific region is projected to exhibit the fastest growth with a major CAGR (%) over the forecast period from 2020 to 2027. The rapidly developing economies of the region including China and India are majorly contributing to the regional market value. The increasing investment in the healthcare sector for the development of infrastructure is further bolstering the regional market value. The presence of some of the major players in the region including Midmark India Pvt. Ltd. (India) and paramount bed co., ltd. is additionally propelling the regional market value.
Key Market Players
The players profiled in the report include Getinge Group (Arjo), Gendron Inc., Hill-Rom Services Inc., Invacare Corporation, LINET, Malvestio Spa, Medline Industries, Inc., Midmark India Pvt. Ltd., paramount bed co., ltd., and Stryker.
Market By Product
Semi-automatic Electric Bed
Fully Automatic Electric Bed
Market By Application
Intensive Care Bed
Market By End-use
Hospitals & Clinics
Reproductive Care Centers
Market By Geography
Middle East & Africa
The electric bed market is expected to reach a market value of around US$ 4,010.4 Mn by 2027.
The electric bed market is expected to grow at a CAGR of around 6.9% from 2020 to 2027.
General Bed is the leading segment by application in the electric bed market
The rising number of hospitals in developing countries, increasing patient population, growing geriatric population, rising adoption of technologically advanced products, increased number of patient admissions in hospitals and clinics, and presence of a large population base over 60 years, which is prone to neurological diseases, cardiac problems, cancer, and spinal injuries are some of the factors driving the market growth.
Getinge Group (Arjo), Gendron Inc., Hill-Rom Services Inc., Invacare Corporation, LINET, Malvestio Spa, Medline Industries, Inc., Midmark India Pvt. Ltd., PARAMOUNT BED CO., LTD., and Stryker are the prominent players in the market.
North America held the highest market share in the electric bed market
Asia Pacific is expected to be the fastest growing market over the forecast period