Electrical Hospital Beds Market 2019 to 2023 Share, Size, Growth Analysis by Treatment Critical Care, Acute Care, Long Term Care and Major Industry Players

Electrical Hospital Beds Market Research Report: by Type (Semi-automatic, Automatic), by Treatment (Critical Care, Acute Care, Long Term Care), by Application (General Purpose, Psychiatric), by End-user (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Home Care), and Region - Forecast to 2023.

Market Scenario

electrical hospital beds market is expected to touch a valuation of USD 2,595.4 million by 2023, according to Market Research Future (MRFR). The increasing medical tourism in developing economies has become a lucrative opportunity for major hospital chains. Electrical hospital beds are a necessity in hospitals which can assist patients with serious ailments in getting out of bed as well as provide a comfortable experience.

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Key Players

Prominent players operating in the electrical hospital beds market include Paramount Bed Holding Co., Ltd. (Japan), Famed Zywiec Sp.zo.o. (Poland), Amico Group of Companies (Canada), Invacare Corporation (U.S.), Medline Industries, Inc. (U.S.), Merivaara Corporation (Finland), Span America Medical System, Inc. (U.S.), Linet spol.s.r.o. (Czech Republic), Gendron, Inc. (U.S.), ArjoHuntleigh (Sweden), Malvestio Spa (Italy), Stryker Corporation (U.S.), Midmark Corporation (U.S.), Hill Room Holding (U.S.), and Getinge AB (Sweden).

Segmentation

electrical hospital beds market can be segmented by type, treatment, application, and end-user.

By type, the market is segmented into semi-automatic and fully automatic. The fully automatic segment accounted for 55% share in 2017, while the semi-automatic segment accounted for 45% share in the same year. The fully automatic segment is projected to experience a 8.83% CAGR over the forecast period owing to its extensive features such as controlling the lower part of the bed.

By treatment, the market covers acute care, critical care, and long term care. The critical care segment is expected to enjoy an 8.03% CAGR over the forecast period. It had dominated the market in 2017 owing to the sharp rise of electrical beds in intensive care units.

Major market applications include general purpose, intensive care, delivery/birthing, bariatric, pediatric, pressure relief, and psychiatric care. The general purpose segment accounted for the highest market share in 2017, followed by the intensive care segment. It is predicted to reign in the electrical hospital beds market over the assessment period owing to its high usage in sports academies, old age homes, rehabilitation centers, and others.

End-users in the electrical hospital beds market include hospitals and clinics, reproductive care centers, home care, and dentistry. Among these, the hospitals and clinics segment accounted for 40% market share in 2017, followed by reproductive care, dentistry, and home care segments. It is predicted to experience a 7.25% CAGR over the forecast period.

Regional Analysis

electrical hospital beds market covers the latest trends and opportunities across Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The European region accounted for 34% market share in 2017, followed by Americas (31%), APAC (25%), and MEA (10%). It can enjoy a 7.46% CAGR over the forecast period owing to its sophisticated healthcare infrastructure and emphasis on patient health by prominent nations. Countries such as the U.K., France, and Germany can drive the regional market size to USD 906.4 million by 2023.

The Americas region can enjoy a substantial growth rate over the forecast period owing to strong economies of Canada and the U.S. Introduction of beds with ergonomic designs and cost-effective prices are likely to induce massive demand from patients emphasizing on home care.

The APAC electrical hospital beds market is projected to grow at a rapid clip thanks to improvements in the healthcare sector, increasing medical tourism, and a dearth of opportunities owing to the large patient pool. It is expected to enjoy a 8.47% CAGR over the forecast period.

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Research Methodology

MRFR leverages its in-house expertise for drawing insightful conclusions into the market. Extensive primary and secondary research are undertaken which include SEC filings, interviews with stakeholders across the value chain, whitepaper references, etc. for backing the research findings. Top-down and bottom-up approaches employed validate the authenticity of the statistical observations available in the report. Furthermore, a multi-layer verification process is applied for eliminating deviations and discrepancies.

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