Electric Bed Market Size, Share, Growth Trends and Forecast 2022-2030

The global electric bed market is poised for significant growth, driven by increasing demand for advanced healthcare infrastructure, rising awareness about patient comfort, and the growing elderly population. Electric beds, designed to improve patient care and comfort, have become an essential part of modern healthcare facilities, including hospitals, clinics, and home care settings. This press release delves into the market dynamics, key trends, competitive landscape, and future growth projections of the electric bed market, providing insights into what to expect by 2030.

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Market Overview:

The electric bed market has witnessed substantial growth over the past few years, with a noticeable shift from manual to electric beds. The ease of operation, improved patient safety, and enhanced comfort offered by electric beds are some of the key factors contributing to their increasing adoption. In 2022, the global electric bed market was valued at USD 2,751 Million, and it is projected to reach USD 4,987 Million by 2030, growing at a CAGR of 6.9% during the forecast period.

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Key Market Drivers:

Aging Population: The global population is aging rapidly, leading to an increased prevalence of chronic diseases and mobility issues. Electric beds offer adjustable positions, making them ideal for elderly patients who require frequent repositioning to prevent bedsores and other complications.

Technological Advancements: Continuous innovation in electric bed technology, such as the integration of smart sensors, remote control features, and advanced positioning options, is driving market growth. These advancements enhance patient care and ease the burden on healthcare providers.

Rising Healthcare Expenditure: Governments and private sectors are investing heavily in healthcare infrastructure to improve patient outcomes. This includes the procurement of advanced medical equipment like electric beds, which are becoming a standard in modern healthcare settings.

Growing Home Healthcare Market: With the increasing preference for home-based healthcare, there is a rising demand for electric beds designed for home use. These beds offer the same functionalities as hospital beds, making them a popular choice for patients recovering at home or those with chronic conditions.

Market Restraints:

High Costs: The cost of electric beds remains a significant barrier, particularly in developing regions where healthcare budgets are constrained. While the benefits are clear, the initial investment in electric beds can be prohibitive for smaller healthcare facilities.

Limited Awareness: In some regions, there is still limited awareness about the benefits of electric beds, especially in rural areas where traditional beds are more commonly used. This lack of awareness hinders the market's growth potential in these regions.

Table Of Content: https://www.acumenresearchandconsulting.com/table-of-content/electric-bed-market

Electric Bed Market Segmentation:

The worldwide electric bed market is split based on product, application, end-use, and geography.

Electric Bed Market By Product
Semi-Automatic Electric Bed
Fully-Automatic Electric Bed

Electric Bed Market By Application
General Bed
Intensive Care Bed
Bariatric Bed
Birthing Bed
Others

Electric Bed Market By End-Use
Hospitals & Clinics
Reproductive Care Centers
Dentistry
Others

Regional Insights:

North America: North America holds the largest market share in the global electric bed market, driven by the high adoption of advanced healthcare technologies, well-established healthcare infrastructure, and increasing government initiatives to improve patient care. The U.S. is a major contributor to this market, with a growing demand for electric beds in hospitals and home care settings.

Europe: Europe is the second-largest market for electric beds, with countries like Germany, France, and the UK leading the adoption of advanced medical equipment. The aging population and increasing healthcare expenditure are the primary factors driving market growth in this region.

Asia Pacific: The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the expanding healthcare sector, rising disposable incomes, and increasing awareness about advanced healthcare solutions. Countries like China, India, and Japan are key markets in this region.

Latin America and Middle East & Africa: These regions are also showing promising growth, albeit at a slower pace compared to North America and Europe. The growing healthcare infrastructure and increasing government investments in these regions are expected to fuel the demand for electric beds.

Market Players:

Some of the top Electric Bed companies offered in the professional report include Getinge Group (Arjo), Gendron Inc., Hill-Rom Services Inc., Invacare Corporation, LINET, Malvestio Spa, Medline Industries, Inc., Midmark India Pvt. Ltd., paramount bed co., ltd., and Stryker.

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This release was published on openPR.