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Global Electrical Bed Market Size, Share, and Analysis, By Product (Semi-automatic, Fully Automatic), By Application (General, Intensive Care, Bariatric Bed, Birthing Bed, Others), By End-use (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Others), and Regional Forecasts, 2022-2032
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, paediatric beds, and birthing beds. Electric beds are equipped with several features like remote controls, integrated scales, electronic medical record (EMR) integration etc.
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 illness 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 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 boost the electric bed market demand in the forecast period. The increasing patient pool requiring electric beds may drive the growth of the market.
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.
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.
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.
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.
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.
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ATTRIBUTE |
DETAILS |
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Study Period |
2021-2032 |
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Base Year |
2021 |
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Forecast Period |
2022-2032 |
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Historical Period |
2021-2022 |
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Growth Rate |
CAGR of 6.8% from 2022-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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Product |
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Application |
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End-use |
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By Region |
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Global Electrical Bed Market size was estimated at USD 2.6 billion in 2021 and is expected to reach USD 5.3 billion in 2032.
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.
Semi-automatic and General Bed segment accounted for the largest Global Electrical Bed market share.
Key players: Arjo, Medline Industries, Inc., Invacare Corporation, Malvestio, Linet, Hill-Rom Services Inc., Paramount Bed Co., Ltd., Stryker, Gendron Inc., Midmark India Pvt. Ltd. and Other Prominent Players are the key players in the Global Electrical Bed Market.
Increasing Geriatric Population and Increasing Demand for Homecare Beds are the factors driving the Global Electrical Bed market
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