According to Custom Market Insights (CMI), the Global Electric Bed Market size was estimated at USD 2.7 Billion in 2021 and is expected to hit around USD 5 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2030. The report further provides an overview of drivers, restraints, and opportunities present in the Electric Bed market. Moreover, the report examines the global competitive analysis of the global Electric Bed market.
The key purpose of the Global Electric Bed Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders with comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Electric Bed market throughout the world.
Electric Bed Market: Overview
Electric beds let you change the height of the bed as well as the positions of your upper and lower bodies. They may significantly improve comfort and assist with a number of medical issues.
In fact, uncomfortable sleeping positions and poor sleep quality can exacerbate a number of medical issues. As a result, there are different advantages that electric bed can provide for people who suffer from conditions including impaired mobility, swollen complaints, arthritis, chronic pain, respiratory issues, acid reflux, and heartburn.
Browse the full “Electric Bed Market Size, Trends, and Insights By Product (Fully Automatic Electric Bed, Semi-automatic Electric Bed), By Application (General Bed, Bariatric Bed, Intensive Care Bed, Birthing Bed, Others), By End-user (Hospitals & Clinics, Dentistry, Reproductive Care Centers, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/electric-beds-market/
Growth Factors
The growing patient population, growing elderly population, and increased adoption of advanced technologies are all factors contributing to the rising need for electric beds in emerging nations. The number of patients being admitted to hospitals and clinics has surged as a result of the recent global COVID-19 outbreak. For elderly persons and those with serious diseases, an electric bed is among the most important necessities. Electric beds offer a number of amenities, including increased comfort and better blood circulation, as well as caregiver aid, which is quite helpful for such patients. As a result, this might increase product demand, which would fuel the global electric bed market growth over the projected period.
A significant factor anticipated to propel the market during the forecast period is the rising number of operations performed globally. Another factor impacting the market growth is the rising global geriatric population. The prevalence of chronic diseases and chronic wounds among the elderly population raises the rate of hospital admissions. Over the course of the projected period, it is anticipated that the rising hospital admission rate will boost demand for electric bed.
Segmental Overview
The Electric Bed market is classified into product, application, and end-user. By end-user, the hospitals & clinics segment is estimated to hold the largest market share throughout the forecast period. The primary drivers of the segment’s growth are the rise in cancer and chronic wound cases as well as hospital admissions. Additionally, it is projected that the rising number of surgical procedures will have a beneficial effect on the segment’s growth throughout the projection period.
Over the projection period, it is anticipated that the reproductive care centers category would experience significant growth. The electric bed’s many benefits are increasing interest in the device. These beds’ comfort and convenience allow patients to deliver babies in a comfortable manner.
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Regional Overview
North America accounted for the largest percentage of the global electric bed market in 2021, and it is anticipated that the region would continue to dominate the market from 2022 to 2030. Major companies like Gendron Inc., Hill-Rom Services Inc., Stryker, Medline Industries, Inc., and Invacare Corporation (US) are present in the area, among others, supporting the value of the regional market.
Asia Pacific is anticipated to develop at the fastest rate with a significant CAGR from 2022 to 2030. The value of the regional market is significantly influenced by the region’s rising economies, particularly China and India. The demand for electric beds in the regional market is being boosted by the region’s rapidly expanding healthcare infrastructure and significant investment by public and private entities.
Competitive Landscape
The report offers a company analysis to give a 360-degree overview of the major players operating in the market. Moreover, the report also comprises key strategic developments related to the market including new service launches, acquisitions & mergers, agreements, collaborations & joint ventures, partnerships, research & development, as well as regional expansion of key player participants involved in the global Electric Bed Market.
An in-depth investment analysis has been performed, providing forecast and prevailing opportunities for the market participants. The market report focuses on significant characteristics of the market that comprise historic data, present market revenues, PEST analysis, technological investments, and competitive analysis in the related industry.
Prominent Players
- Arjo
- Medline Industries, Inc.
- Invacare Corporation
- Hill-Rom Services Inc.
- PARAMOUNT BED CO., LTD.
- Stryker
- LINET
- Malvestio Spa
- Gendron Inc.
- Midmark India Pvt. Ltd.
Table of Contents: https://www.custommarketinsights.com/report/electric-beds-market/#table-of-contents
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