Electrical Hospital Beds Market Size Worth USD 5.20 Billion in 2032 | Emergen Research

The global electrical hospital beds market size was USD 2.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.3% during the forecast period. The global electrical hospital beds market is witnessing significant growth, fueled by a combination of factors including a rising number of surgical procedures, increased admissions of aged patients, and notable technological advancements in bed design. A recent market research report highlights key drivers propelling this growth and provides insights into market segmentation trends.

Shift in Patient Care Methodologies

One of the primary drivers of market growth is the evolving approach to patient care, marked by a notable increase in the adoption of electric hospital beds across various healthcare settings. Renowned for their adaptability and technological advancements, these beds are now indispensable in critical care units, rehabilitation centers, aged care facilities, and even home settings.

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Holistic Approach to Patient Well-being

Electrical hospital beds are gaining prominence for their holistic approach to patient well-being, prioritizing not only physical comfort but also essential physiological needs. These beds play a crucial role in promoting restorative sleep, optimizing breathing patterns, and improving circulation, actively contributing to the patient's recovery process. Moreover, their integrated safety features significantly reduce the risk of falls, ensuring a secure environment for patients.

Beds as a Symbol of Independence and Recovery

Beyond their medical functionality, electrical hospital beds symbolize a pathway to independence and recovery, particularly for those recuperating at home. These beds enable patients to maintain autonomy during their recovery process, while also alleviating the burden on caregivers. Affordability further enhances their appeal, especially for those with short-term needs, embodying a care philosophy that blends technological innovation with compassion.

Surge in Global Surgeries Driving Market Growth

The global rise in surgical procedures is also a significant factor driving market revenue growth. For instance, in Europe alone, 70 million surgical procedures are performed annually. Electric beds have become essential requirements in hospitals, clinics, and Ambulatory Surgery Centers (ASCs), contributing to the market's expansion.

Market Segment Insights

The market is segmented based on bed type, application, and end-use. The dominance of the semi-automatic electric bed segment is attributed to the rising cases of cancer and surgeries, particularly in regions like the United States. Meanwhile, the fully automatic electric bed segment is poised for steady growth, offering enhanced patient care and safety features.

In terms of applications, general beds are expected to hold a significant market share, driven by their versatility and usability across various healthcare settings. Hospitals remain the primary end-users of electrical hospital beds, leveraging their benefits to improve patient care and streamline medical processes.

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Electrical Hospital Beds Top Companies and Competitive Landscape

The global electrical hospital beds market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective electrical hospital bed products.

• Medline Industries, Inc.
• Arjo
• Hill-Rom Services Inc.
• PARAMOUNT BED CO., LTD.
• Stryker
• Invacare Corporation
• Malvestio Spa
• Midmark India Pvt. Ltd.
• Gendron Inc.
• LINET

Electrical Hospital Beds Latest Industry News

• On 9 December 2023, Max Healthcare Institute Ltd. (MHIL), a prominent private healthcare provider in India, has formally disclosed a pivotal advancement in its expansion blueprint. The company has effectively completed the execution of a binding Share Purchase Agreement (SPA) to acquire a complete 100% stake in Starlit Medical Centre Pvt. Ltd. (Starlit), valuing the enterprise at INR 940 Crores.

• On 19 January, 2023, Palantir Technologies Inc. (NYSE: PLTR), a prominent developer of modern enterprise operating systems, entered a multi-year collaboration with Cleveland Clinic. This partnership aims to establish an operational 'Virtual Command Center' for Cleveland Clinic.

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Electrical Hospital Beds Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global electrical hospital beds market on the basis of type, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Semi-automatic electric bed
o Fully automatic electric bed

• Application Outlook (Revenue, USD Billion; 2019-2032)
o General beds
o Intensive care beds
o Bariatric beds
o Birthing beds
o Others

• End-Users Outlook (Revenue, USD Billion; 2019-2032)
o Hospitals
o Dentistry
o Reproductive care centers

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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