Electric Bed Market to Perceive Prominent Growth of CAGR of 6.7 % by 2030, Size, Share, Trends, Demand, Segmentation and Competitive Analysis
Electric Bed Market Insights:
In a recent research report by Market
Research Community, the electric bed market is expected to surpass USD 4.41 Billion
by the year 2030, from USD 2.46 Billion in 2021.
An electric bed is
a bed that can be adjusted to different positions using an electric motor.
These types of beds are often used for medical purposes, as they can be easily
adjusted to help people with mobility issues or injuries. Some electric beds
also have features such as massage or heat therapy
The Electric Bed market is projected to grow at a
significant pace reaching a CAGR of approximately 6.7%, over the forecast
period of 2022–2030, despite a considerable fall in Product sales during the
initial phase of pandemic spread and lockdown restrictions imposed globally.
The increasing demand for electric beds can be
attributed to the aging population, who require more comfort and convenience.
Furthermore, hospitals and healthcare facilities have also contributed to the
market growth as they recognize the benefits of electric beds in providing
improved patient comfort, increased mobility, and better care management.
As there is a growing trend towards connected
healthcare, there is an opportunity for the development of smart beds that can
track patient health metrics, make adjustments to bed settings, and provide
real-time alerts to healthcare providers. Moreover, manufacturers can
collaborate with hospitals, healthcare providers, and research institutions to
co-create and introduce cutting-edge electric bed technologies, thereby
increasing market penetration.
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The high cost of electric beds compared to
traditional beds could limit their adoption by certain healthcare facilities
and patients. Additionally, safety concerns exist for electric beds, especially
for those with cognitive or mobility issues, who may accidentally activate bed
adjustments or fall from the bed due to insufficient safety measures. Moreover,
supply chain disruptions due to events like pandemics or natural disasters
could impact the electric bed market in terms of production, distribution, and
sales.
Market
Segment:
By
Product
·
Semi-automatic Electric Bed
·
Fully Automatic Electric Bed
By
Application
·
General Bed
·
Intensive Care Bed
·
Bariatric Bed
·
Birthing Bed
·
Others
By
end-use
·
Hospitals & Clinics
·
Reproductive Care Centers
·
Dentistry
·
Others
Technological advancements have
also played a significant role in the growth of the electric bed market. The
advent of new technologies, such as wireless remote controls, motorized head
and foot adjustments, and built-in massage features, has made electric beds
more user-friendly and appealing to consumers. Furthermore, with the increasing
focus on patient safety, there is an opportunity for manufacturers to develop
electric beds that incorporate safety features such as fall prevention
mechanisms and pressure ulcer prevention.
The Electric Bed
Market Growth is also a significant opportunity for manufacturers to
develop specialty electric beds that cater to specific patient needs, such as
bariatric patients, patients with respiratory issues, and those with mobility
impairments. Emerging markets present significant opportunities for the
electric bed market, particularly in Asia-Pacific and Latin America, where
there is an increasing demand for healthcare infrastructure and products.
The Asia-Pacific region has
been experiencing unique growth in the electric bed market due to various
factors. One of the primary drivers of market growth in the region is the
increasing demand for healthcare infrastructure and services. The aging
population in countries like Japan, China, and South Korea has led to a growing
demand for electric beds that provide improved patient comfort and convenience.
Lastly, the report includes a
regional analysis and country analysis with the latest trends, along with the
major key players including Arjo; Hill-Rom Services Inc.; Medline Industries,
Inc.; PARAMOUNT BED CO., LTD.; Invacare Corporation; Stryker; Malvestio Spa;
LINET; Gendron Inc.; Midmark India Pvt. Ltd.
Key Factors to Understand:
1.
The electric bed market has been growing steadily in
recent years, driven by factors such as the aging population, adoption by
hospitals and healthcare facilities, and the increasing demand for home
healthcare.
2.
Technological advancements, including wireless
remote controls, motorized head and foot adjustments, and built-in massage
features, have made electric beds more user-friendly and appealing to
consumers.
3.
Safety features such as fall prevention mechanisms and
pressure ulcer prevention have also become increasingly important in the
electric bed market.
4.
Specialty electric beds that cater to specific
patient needs, such as bariatric patients and those with mobility impairments,
present significant opportunities for manufacturers.
5.
Emerging markets, particularly in Asia-Pacific and
Latin America, present significant growth opportunities for the electric bed
market due to increasing demand for healthcare infrastructure and services.
6. Collaborations and partnerships between manufacturers, hospitals, healthcare providers, and research institutions have contributed to the growth of the electric bed market.
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