Electric Bed Market Key Players and Opportunities by 2027

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.

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.

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Electric Bed Market: Strategic Insights

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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.

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.

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 Bed Market Regional Insights

The regional trends and factors influencing the Electric Bed Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Electric Bed Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Electric Bed Market Report Scope

Electric Bed Market Players Density: Understanding Its Impact on Business Dynamics

The Electric Bed Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Electric Bed Market are:

1. Arjo Medical Devices
2. Hill Rom Holding, Inc.
3. Medline Industries, Inc.
4. Paramount Bed Holdings Co., Ltd.
5. Invacare Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

 

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