Electric Bed Market to Reach USD 2,063 Million by 2030

What exactly are electric beds? They are specialized beds that allow adjustments in height and positioning of both the upper and lower parts of the body. The global market was valued at USD 654 Million in 2021 and is projected to reach USD 2,063 Million by 2030. The electric bed market is deeply intertwined with various healthcare applications, emphasizing the use of these beds to improve patient comfort, especially those with mobility issues, swelling complaints, arthritis, chronic pain, respiratory problems, acid reflux, and heartburn. As healthcare facilities increasingly adopt electric bed technology, the potential for this market continues to grow, aiming for enhanced patient care and operational efficiency. While the market is expanding, challenges like high costs and maintenance might pose hurdles. However, the demand remains robust as electric beds become essential in hospitals and care centers.

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Key Points and Statistics on the Electric Bed Market:

● The global electric bed market size is projected to expand to USD 2,063 Million by 2030, growing at a CAGR of 13.7% from 2022 to 2030.
● Electric beds are predominantly used in hospitals, reproductive care centers, and dentistry.
● With technological advancements, the market is seeing the introduction of both semi-automatic and fully-automatic electric beds.
● Leading players in the market include Gendron Inc., Getinge Group (Arjo), Hill-Rom Services Inc., Invacare Corporation, Medline Industries, Inc., LINET, Midmark India Pvt. Ltd., Malvestio Spa, paramount bed co., ltd., and Stryker.

Electric Bed Market Overview and Analysis:

Electric beds, while seemingly specialized, are becoming a staple in healthcare institutions ranging from large hospitals to reproductive care centers. As healthcare providers increasingly adopt electric beds to enhance patient comfort and care, this market is on the rise. The Electric Bed Market is dedicated to producing beds that cater to the diverse needs of patients across various medical conditions. The market is consistently innovating to enhance the efficiency, safety, and versatility of electric beds. However, market growth might face challenges such as high costs and maintenance issues. In essence, electric beds are becoming a pivotal tool in modern healthcare, offering numerous benefits and addressing specific patient needs. The market is poised for significant growth in the coming years, driven by technological advancements and increasing demand from various healthcare sectors.

Latest Electric Bed Market Trends and Innovations:
Technological advancements are leading to more efficient and versatile bed solutions. For instance, the introduction of semi-automatic beds, where the head and foot sections are electrically adjustable, and fully-automatic beds, where the entire bed is motor-operated, cater to different patient needs. Hospitals are increasingly adopting electric beds due to their cost-effectiveness and the enhanced care they offer. These beds not only provide comfort but also come with therapeutic massage controls in some models, aiding in alleviating muscle and joint pain.

Major Growth Drivers of the Electric Bed Market:

The primary driver is the increasing need for specialized care for patients with various medical conditions, from mobility issues to chronic pain.
The evolution of bed technology, with features like massage controls and both semi and fully automatic adjustments, is a significant growth driver.
The cost-effective nature of electric beds, especially in larger healthcare institutions, is promoting their adoption.

Key Challenges Facing the Electric Bed Industry:

High costs associated with advanced electric bed models can be a deterrent for some healthcare facilities.
Maintenance and repair of these beds, given their technological components, can pose challenges.
The need for regular training for healthcare staff to operate these beds efficiently can be a hurdle for some institutions.

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Market Segmentation Insights:

Based on Product:
● Fully-Automatic Electric Bed
● Semi-Automatic Electric Bed
Based on Application:
● Intensive Care Bed
● General Bed
● Other
● Birthing Bed
● Bariatric Bed

Based on End-Use:
● Reproductive Care Centers
● Hospitals & Clinics
● Other
● Dentistry

Overview by Region of the Electric Bed Market:

While North America dominated the electric bed market in 2021, the Asia-Pacific region is expected to witness the fastest growth from 2022 to 2030. The growth in the Asia-Pacific can be attributed to rapidly developing economies like China and India.

List of Key Players in the Global Market:

Prominent players include Gendron Inc., Getinge Group (Arjo), Hill-Rom Services Inc., Invacare Corporation, Medline Industries, Inc., LINET, Midmark India Pvt. Ltd., Malvestio Spa, paramount bed co., ltd., and Stryker.

Footnote:

The electric bed market, while specialized, holds significant potential. This technology is transforming healthcare, ensuring patients receive optimal comfort and care. With its value proposition, the market is set for consistent growth in the coming years.

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This release was published on openPR.