Electric Bed Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Semi-automatic Electric Bed, and Fully Automatic Electric Bed), Application (General Bed, Intensive Care Bed, Bariatric Bed, and Birthing Bed),and EndUser (Hospitals and Clinics, Dentistry, and Others) and Geography
Publication Month: Dec 2020 | Report Code: TIPRE00017814 | No. of Pages: 180 | Category: Medical Device | Status: Published
The electric bed market is expected to reach US$ 4,597.60 million by2027 from US$ 2,111.59 million in 2019. The market is estimated to grow ata CAGR of 9.6% from 2020 to 2027.
The growth of the market is attributed to key driving factors such as rising number of chronic diseases, increasing number of hospitals and clinics, and growing number of public–private partnership in the healthcare industry. However, the steep prices of electric beds and reduction in the average length of hospital stays are likely to hinder the electric beds market growth.
Lucrative Regionsfor Electric BedMarket
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Market Insights
Rising Prevalence of Chronic Diseases
Beds are among the essential items used in hospitals, nursing homes, and home care settings. The electric beds, which are used in various applications, are available in specialized variants such as acute care beds, long-term care beds, psychiatric beds, and pregnancy beds. Patients suffering from orthopedic and musculoskeletal diseases have restricted movements and lack flexibility. Electric beds offer automatic adjustments with respect to head placement, height, and leg resting position for such patients. According to the World Health Organization (WHO), musculoskeletal diseases contribute a large share to the total disabilities in the world. According to the WHO, in 2018, cancer was the second-leading cause of death across the world, ~9.6 million deaths were reported in 2018. Furthermore, as per the estimates of the American Cancer Society, 1,735,350 new cancer cases were diagnosed in 2018. The patients in higher stages of cancer lose their ability to perform various physiological tasks on their own, and electric beds assist healthcare staff looking after such patients.
Thus, the rising prevalence of chronic diseases such as cardiovascular disease (CVD), cancer, and diabetes escalate the demand for electric beds.
Product-BasedInsights
Based on product, the electric bed market is segmented into semi-automatic electric bed and fully automatic electric bed. The semi-automatic electric bed segment held alargershare of the market in 2019,while the fully automatic electric bed segment is expected to grow at ahigherCAGR during the forecast period. The increasing number of patients coupled with patient compliance and improvement in the quality of care provided by healthcare institutions acrossthe world are expected to augment the growth of the fully automatic electric beds segment during the coming years.
Electric Bed Market, by Product– 2019and 2027
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Application-Based Insights
Based on application, the electric bed market is segmented into general bed, intensive care bed, bariatric bed, and birthing bed. The general bed segment held the largest share of the market in 2019. However, the intensive care segment is estimated to register the highest CAGR during the forecast period.
End User-Based Insights
Based on end user, the electric bed market is segmented into hospitals and clinics, dentistry, and others. The hospitals and clinics segment held the largest share of the market in 2019 and is estimated to register the highest CAGR during the forecast period.
Strategic Insights
The electric bed market mainlyconsists of players such as Arjo Medical Devices;Hill Rom Holding, Inc.;Medline Industries, Inc.;Paramount Bed Holdings Co., Ltd.;Invacare Corporation;Stryker Corporation;Malvestio Spa;LINET;Gendron Inc.;and Joerns Healthcare LLC. The companies have been implementing various strategies to ensure the growth of the company and in turn have brought about severalchanges in the market. For instance, in August 2018, Arjo launched IndiGo medical bed technology that comprises power drive systems, which is always ready for use, saving time and efforts.Moreover, IndiGo assists with automatic slope detection, thereby providing additional power when moving up slopes and braking assistance when moving down slopes.
Electric BedMarket– byProduct
- Semi-Automatic Electric Bed
- FullyAutomatic Electric Bed
Electric Bed Market– by Application
- General Bed
- Intensive Care Bed
- Bariatric Bed
- Birthing Bed
Electric Bed Market– by End User
- Hospitals and Clinics
- Dentistry
- Others
Electric BedMarket – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East &Africa
South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Arjo Medical Devices
- Hill Rom Holding, Inc.
- Medline Industries, Inc.
- Paramount Bed Holdings Co., Ltd.
- Invacare Corporation
- Stryker Corporation
- Malvestio Spa
- LINET
- Gendron Inc.
- Joerns Healthcare LLC
Frequently Asked Questions
The List of Companies - Electric Bed Market
- Arjo Medical Devices
- Hill Rom Holding, Inc.
- Medline Industries, Inc.
- Paramount Bed Holdings Co., Ltd.
- Invacare Corporation
- Stryker Corporation
- Malvestio Spa
- LINET
- Gendron Inc.
- Joerns Healthcare LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Electric Bed market.
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- The key findings and recommendations highlight crucial progressive industry trends in the Electric Bed market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth, offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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