Global Electrical Bed Market

Global Electrical Bed Market Research, 2032

Global Electrical Bed Market size was USD 2.6 billion in 2021 and projected to grow from USD 3 billion in 2023 to USD 5.3 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period.

The global electric bed market includes various electric powered beds which improve the ease and convenience to patients. Electric beds are designed with features like tilting, adjustable height, elevation and reclining even of the head and foot sections. The different types of electric beds in the market are Homecare Beds, Long-term Care Beds, Hospital Beds, Bariatric Beds and Others like intensive care unit (ICU) beds, pediatric beds, and birthing beds. Electric beds are equipped with several features like remote controls, integrated scales, electronic medical record (EMR) integration etc.

Market Highlights

Global Electrical Bed Market is expected to project a CAGR of 6.8% during the forecast period, 2022-2032

Global Electrical Bed Market is expected to reach USD 5.3 billion, growing at a CAGR of 6.8% during forecast period owing to the increasing hospitals number in developing countries and growing patient population especially geriatric patients is expected to boost the growth of the Global Electrical Bed market. The increasing adoption of technically advanced products like electric beds and increased admissions of patients related to various illnesses and diseases in hospitals and clinics is expected to boost the growth of the market. The electric beds are the main necessity for geriatric population and patients with critical conditions in hospitals and clinics. The electric beds provide facilities like comfort and improved blood circulations which may boost the growth of the market. 

Global Electrical Bed Market Segmentation:

Semi-automatic segment is expected to grow with high CAGR during the forecast period

Global Electrical Bed Market is classified based on the Product into Semi-automatic, Fully Automatic. Semi-automatic segment is expected to dominate the market in forecast period owing to increasing cancer cases worldwide. The easiness in handling and growing acceptance of electric beds in hospitals, clinics etc. will increase the electric bed market demand in the forecast period. The increasing patient pool requiring electric beds may drive the growth of the market.

General Bed segment is expected to grow with high CAGR during the forecast period

Global Electrical Bed Market is classified based on the Application into General, Intensive Care, Bariatric Bed, Birthing Bed, Others. General bed segment is expected to dominate the market in forecast period as owing to the increasing adoption of electric beds in hospitals and clinics & easiness in handling will boost the growth of the electric bed market in the forecast. Increasing geriatric population may also boost the growth of the market.

Market Dynamics:   

Growth Drivers

Increasing Geriatric Population is Expected to Boost the Growth of the Market

There is an increase in the old age population which may require the need of electric beds for their comfort in case of any hospitalization. The demand for better healthcare services is expected to drive demand for electric beds, due to the presence of aging population. People are also prone to chronic diseases and the prevalence of diseases like respiratory disorders, diabetes and cardiovascular diseases may require hospitalization if not treated in long-term which is expected to increase the demand for electric beds and boost the growth of the market.

Increasing Demand for Homecare Beds is Expected to Boost the Growth of the Market

The demand for homecare beds is increasing as the patient pool is increasing. Patients requiring long-term care prefer to receive treatment in their own homes which is expected to increase the demand for electric beds. The advancements in technology related to electric bed manufacturing is rising and the constant development in features related to electric beds to improve patient comfort and safety is expected to boost the growth of the market. Increasing healthcare expenditure along with the growing population is expected to boost the growth of the market.

Restraint

High Cost of Electric Beds May Hamper the Growth of the Market

The cost of electric beds is expensive compared to manual beds which may hamper the growth of the market as patients may opt for alternate low-cost beds. The electric beds need regular maintenance for their working and any repairs to ensure safety of the patient which may be expensive and may hamper the growth of the electric beds market. The unavailability of skilled labor for installation, maintenance, and repair may also impede the growth of the market.

Recent Developments:

• In October 2020, Stryker introduced a series of electric beds, ProCuity, which is a wireless hospital bed equipped with new patient monitoring features which assist in reducing patient falls.
• In 2020, LINET Group acquired Integrované systémy inzerce sro (ISI) to expand its product portfolio and strengthen its position in the Global Electrical Bed market.

Key Players Covered:

• Arjo
• Medline Industries, Inc.
• Invacare Corporation
• Malvestio
• Linet
• Hill-Rom Services Inc.
• Paramount Bed Co., Ltd.
• Stryker
• Gendron Inc.
• Midmark India Pvt. Ltd.
• Other Prominent Players ( Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis )

Regional Analysis

Global Electrical Bed Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America region dominated the market in 2021 due to the increase in number of surgeries and patient admissions in this region which is may drive the demand for electric beds. The increasing patient safety by providing innovative infrastructure like electric beds may boost the growth of the market. Asia Pacific is expected to dominate the market in the forecast period owing to the presence of developing countries in this region which may boost the market growth. The increasing awareness about patient safety and care may also boost the growth of the Global Electrical Bed market.

Impact of Covid-19 on Global Electrical Bed Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. Covid-19 has affected several industries and slowing down of several Industries. There was a rise in the demand for hospital beds during the pandemic which resulted in increased demand for electric beds. The demand for electric beds with advanced features had increased during pandemic to accommodate large patient pool and to adjust the height, redistribute pressure and built-in side rails which created scope for growth of the market during the pandemic period.

Global Electrical Bed Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Global Electrical Bed Market Scope and Segments:

Frequently Asked Questions (FAQ):