The Global Electric Bed Market Size was USD 2,751 Million in 2021 and is expected to reach USD 4,987 Million by 2030, increasing at a CAGR of 6.9% from 2022 to 2030, as per the Acumen Research and Consulting
In recent years, the electric bed market size has expanded as more consumers seek customizable beds for their sleeping demands. Using an electronic motor, these beds allow customers to modify the angle of the bed as well as the firmness of the mattress. This can be advantageous for persons who suffer from discomfort or pain when sleeping in a traditional bed, as well as those who just desire a more personalized sleeping experience.
Smart beds, which offer advanced capabilities such as sleep monitoring and temperature management, are becoming increasingly admired in the electric bed market. These beds frequently come with smartphone applications that enable users to control and change their sleeping environment from their phones. Another trend is the advent of electric beds with specialized features, such as mattresses with movable sides created exclusively for couples or beds that can elevate the head and feet individually.
Electric Bed Market Statistics
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Electric Bed Market Trends
Growing Elderly Population Driving the Electric Bed Market Growth
As the population ages, there is likely to be an increased demand for electric beds that can accommodate the needs of older individuals. Many elderly individuals may endure discomfort or agony while sleeping in a standard bed, and an adjustable electric bed can provide comfort by allowing the user to modify the bed's angle and the firmness of the mattress. Furthermore, older persons may have unique sleeping requirements, such as the desire to elevate their heads or feet to help with respiratory or circulation issues. However, electric beds that offer these specialized features can be particular attention to older consumers. Overall, the aging population is likely to drive growth in the electric bed market by increasing the demand for beds that meet the specific needs of older individuals.
High Cost and Limited Availability of Electric Beds are Restricting Market Growth
The high cost of these beds is one factor that may hinder the growth of the electric bed market. Electric beds can be more expensive than traditional beds, which may discourage some customers from acquiring them. Another aspect is the limited availability of electric beds in some areas. These beds may not be extensively available in all areas, limiting their access to some customers. This limited availability could be attributed to a number of factors, including the high expense of transporting and supplying these beds, as well as a lack of demand in some places. Consequently, the high cost and scarcity of electric beds may stifle market growth by prohibiting some consumers from adopting these products.
Electric Bed Market Segmentation
Acumen Research and Consulting has segmented the global electric bed market by product, application, and end-use.
Electric Bed Market Regional Overview
Geographically, the global electric bed market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. According to the electric bed industry analysis, North America dominates the market in 2021, with the largest market share. High demand for newly developed products and technologies drives the expansion of the North American electric bed industry. The elderly population in North America is also directly contributing to the regional market growth. As the population ages, there is highly probable to be an increased demand for electric beds that can accommodate the needs of older individuals. Furthermore, North America has a highly advanced healthcare system, which may help the electric bed market flourish. Electric beds may be prescribed by healthcare providers in North America for medical reasons like as pain relief or improved circulation, which can boost demand for these products.
Electric Bed Market Players
Some of the prominent electric bed market companies are Getinge Group (Arjo), Malvestio Spa, Hill-Rom Services Inc., LINET, Medline Industries, Inc., paramount bed co., ltd., Midmark India Pvt. Ltd., Gendron Inc., Invacare Corporation, and Stryker.
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Mr. Frank Wilson
Acumen Research and Consulting