Electric Bed Market Is Likely to Grasp the Value of USD 4.41 Billion by 2030, Size, Share, Key Growth Drivers, Trends, Challenges and Competitive Landscape

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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