Global Electric Bed Market size is expected to be worth roughly USD 2,063 Million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial impact on the electric bed market growth over the course of the projected year. According to the WHO, the number of individuals aged 65 and more is expected to rise from an anticipated 524 million people in 2010 to approximately 1.4 billion by 2050. The older population is especially vulnerable to ailments like arthritis, heart disease, osteoporosis, stroke, as well as obesity. Patients who suffer from such ailments may necessitate an electrical bed for therapy simply because they are more comfortable. As a result, the expanding elderly population is projected to drive the electric bed market value.
With an electric bed, individuals can change the position of the lower and upper bodies as well as the bed's height. It can also aid in the treatment of a variety of medical ailments. Poor sleep qualities as well as unpleasant sleeping arrangements have the potential to aggravate medical issues. Individuals who suffer from diseases or illnesses such as impaired mobility, swelling concerns, asthmatic, chronic fatigue, breathing issues, as well as other medical ailments can benefit from electric beds.
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Global Electric Bed Market Dynamics
The growing number of hospitals in emerging nations, the growing patient population, the increased elderly population, and the increasing incidence of products with advanced technology are all driving up demand for electric beds. The recent global epidemic of COVID-19 has raised the frequency of patients admitted to clinics and hospitals. Electric beds are one of the most important necessities for the elderly and those with serious illnesses. Electric beds offer additional comfort and increased blood movement, as well as caregiver help, which is quite advantageous for such patients. As a result, the product's popularity may increase, fueling the electric bed market revenue over the predicted period.
The worldwide health environment has transformed dramatically during the last few decades. Many nations around the world have seen remarkable economic growth. Despite a number of these nations being damaged by the global financial crisis in 2008, they appeared to have rebounded and are continuing to expand, albeit at a much slower rate compared. As a result, the industrial, cultural, and healthcare settings of these economies have changed dramatically. This dramatic growth in the medical industry is primarily driven by sweeping governmental reforms, economic liberalization, rapidly expanding middle-class demographics with increasing spending power and higher investments in infrastructure development.
Electric Bed Market Segmentation
Ameco Research has fragmented the global electric bed market by product, application, and end-use. In terms of product, the market is sub-divided into semi-automatic electric bed, and fully-automatic electric bed. The semi-automatic electric bed category had the most significant market share in 2021. This rapid expansion is attributable to increased cancer rates worldwide as well as a sudden uptick in contagious infections during the last decade. Increasing patient registrations in clinics and hospitals are expected to drive the electric bed market trend. Over the forecast timeframe, the fully automatic electric bed category is expected to increase at a rapid pace. The product's increasing popularity is due to its benefits. Such beds allow individuals to sleep better and may be managed without the need for outside assistance.
Moreover, in terms of application, the market is further segmented into general bed, birthing bed, bariatric bed, intensive care bed, and others. Based on the end-use, the segment is sub-categorized into hospitals & clinics, dentistry, reproductive care centers, and others. According to the electric bed market forecast, the hospitals & clinics segment is estimated to grow significantly in the market over the next few years.
Electric Bed Market Regional Outlook
The global electric bed market is divided into several five regions: North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa. According to a survey of the electric bed industry analysis, North America dominated the market with considerable market shares. The need for electric beds in the United States is predicted to rise because of an escalation in the number of interventions and patient hospitalizations. Major regional market participants are launching endeavors to promote healthcare comfort and safety through innovations and adjustments. Moreover, the current COVID-19 outbreak is projected to increase sales of electric beds. All of these elements are expected to drive market expansion throughout the projected timeframe.
Electric Bed Market Competitors
Some of the most notable worldwide electric bed market players are Getinge Group (Arjo), Hill-Rom Services Inc., LINET, Medline Industries, Inc., paramount bed co., ltd., Gendron Inc., Invacare Corporation, Malvestio Spa, Midmark India Pvt. Ltd., and Stryker.
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