The Global Electric Bed Market Size accounted for USD 2,751 Million in 2021 and is estimated to achieve a market size of USD 4,987 Million by 2030 growing at a CAGR of 6.9% from 2022 to 2030. The growing elderly population is the key driver of the electric bed market share. In addition to that, the rising prevalence of chronic diseases will raise the electric bed industry's share. The rising number of COVID-19 cases worldwide fueled the demand for electric beds in 2020 and 2021. Key companies were continually creating healthcare beds to meet demand, driving the electric bed market value. Furthermore, technological advancement in the healthcare bed industry is a popular electric bed market trend that is supporting the industry growth.
Electric Bed Market Report Key Highlights
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 available in the market including semi-electric and full electric.
Global Electric Bed Market Dynamics
Electric Bed Market Report Coverage
|Market||Electric Bed Market|
|Electric Bed Market Size 2021||USD 2,751 Million|
|Electric Bed Market Forecast 2030||USD 4,987 Million|
|Electric Bed Market CAGR During 2022 - 2030||6.9%|
|Electric Bed Market Analysis Period||2018 - 2030|
|Electric Bed Market Base Year||2021|
|Electric Bed Market Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Application, By End-Use, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||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 among others.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Electric Bed Market Insights
The rising number of hospitals in developing countries, increasing patient population, growing geriatric population, rising adoption of technologically advanced products, and an increased number of patient admissions in hospitals and clinics is supporting the demand for electric bed in the market. 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 circulation, 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, technological advancements along with continuous development in product offerings are likely to create potential demand over the forecast period. On the other side, the low adoption rate of electric beds by patients opting for home healthcare settings is likely to hinder growth over the forecast period from 2022 to 2030.
Electric Bed Market Segmentation
The worldwide electric bed market is split based on product, application, end-use, and geography.
Electric Bed Market By Product
According to our electric bed industry analysis, the semi-automatic electric bed generated an impressive revenue form 2022 to 2030. The growing number of cancer cases in the world primalily supports the semi-automatic electric bed industry. Additionally, the ease of hanlding and incresing adoption of these beds in small and medium sized hopitals and clinics will boost the electric bed market demand in the coming future. On the other hand, fully-automatic electric bed is expected to attain the fastest growth rate in the coming years.
Electric Bed Market By Application
In 2021, 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.
Electric Bed Market By End-Use
According to our electric bed market forecast, hospitals & clinics recoded maximum market shares from 2022 to 2030. The increased number of hospital admissions and rising incidence of chronic wounds and cancer are the key drivers driving category expansion. Furthermore, the rising number of surgical procedures is expected to boost segment growth throughout the projection period.
Electric Bed Market Regional Outlook
The Middle East & Africa (MEA)
North America accounted for the maximum revenue share in the global electric beds market
In 20121, North America registered a major revenue share (%) and is also projected to maintain its dominance over the forecast period from 2022 to 2030. 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 2022 to 2030
The Asia Pacific region is projected to exhibit the fastest growth with a major CAGR (%) over the forecast period from 2022 to 2030. 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.
Electric Bed Market Players
Some of the top Electric Bed companies offered in the professional 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.
The market size of electric bed market in 2021 was accounted to be USD 2,751 Million
The projected CAGR of electric bed market during the analysis period of 2022 to 2030 is 6.9%.
The prominent players of the global electric bed market are 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 Corporation.
North America held the dominating electric bed during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for electric bed during the analysis period of 2022 to 2030.
Growing elderly population, increasing incidences of chronic disorders, and rapid surge due to COVID-19 pandemic drives the growth of global electric bed market.
Based on product, semi-automatic electric bed segment is expected to hold the maximum share electric bed market.