PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320207
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320207
Electric Hospital Beds Market size was valued at USD 2,430.6 Million in 2022, expanding at a CAGR of 6.9% from 2023 to 2030.
Electric hospital beds are specialized medical beds equipped with electrically-powered mechanisms that allow for various adjustments and movements. These beds are commonly used in hospitals, long-term care facilities, and home care settings to provide enhanced comfort and convenience for patients and healthcare providers
The surging demand for electric beds can be attributed to various factors, including the increasing number of hospitals in developing countries, a growing patient population, and the rise in the geriatric population. Additionally, there is a growing adoption of technologically advanced medical products in the healthcare industry. The recent global outbreak of COVID-19 has further driven the need for more hospital admissions, increasing the demand for electric beds, especially for elderly individuals and patients with critical conditions. Electric beds offer numerous benefits, including enhanced comfort and improved blood circulation, making them particularly advantageous for such patients. Furthermore, these beds come equipped with caregiver assistance features, which further enhance their utility. As a result, the demand for electric beds is expected to soar, leading to significant market growth during the forecast period.
The Global Electric Hospital Beds Market is segmented on the basis of Product Type, By Application, By End User, and Region.
The market is divided into four categories based on Product Type: Semi-automatic Electric Bed and Fully Automatic Electric Bed.. The semi-automatic electric bed segment emerged as the dominant segent in the market. The growth of the semi-automatic electric bed segment can be primarily attributed to the increasing prevalence of cancer cases and cancer surgeries worldwide. For instance, according to a report published by the World Health Organization in 2018, there were approximately 2.09 million cases of lung cancer, 2.09 million cases of breast cancer, and 1.80 million cases of colorectal cancer reported globally. These factors are expected to drive the demand for semi-automatic electric beds in hospitals and clinics, as they are easier for patients to handle, thus fostering segment growth. On the other hand, the fully automatic electric bed segment is projected to witness the fastest growth during the forecast period. These beds offer improved sleep quality, can be operated without any assistance, and aid in reducing pressure and swelling. The advantages of fully automatic beds over semi-automatic ones are driving the growth of this segment over the forecast period.
The market is divided into three categories based on Application: General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed and Others. General Electric beds segment leads the global hospital bed market by Application. The General electric bed offers the flexibility for patients to adjust both the lower and upper body positions as well as the height of the bed. The heightened demand for this product is being driven by the increased patient admissions during the global outbreak of COVID-19. With its ability to provide enhanced comfort, particularly for elderly patients, the General electric bed is anticipated to drive significant growth in this segment throughout the forecast period.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Companies in the healthcare industry are actively striving to expand the commercialization of electric beds worldwide. To achieve this, they are placing strong emphasis on promoting the numerous benefits and advantages of these products to healthcare facilities, patients, and caregivers. Additionally, these companies are continuously working on developing and launching electric beds with innovative features and functionalities. By incorporating cutting-edge technologies and addressing the specific needs of different healthcare settings, they aim to enhance the appeal and utility of electric beds. Through these efforts, companies seek to meet the growing demand for advanced medical equipment and provide healthcare professionals and patients with state-of-the-art solutions that improve patient care, comfort, and overall medical outcomes.
In October 2020, Stryker introduced the ProCuity series, a range of electric beds that stands out as a fully wireless hospital bed, boasting a host of innovative patient monitoring capabilities. This cutting-edge product is designed to mitigate patient falls, enabling healthcare professionals to effectively monitor patients confined to bed, even when the bed is in motion
The scope of this report covers the market by its major segments, which include as follows: