Electric Bed Market Size to Hit USD 3.80 Billion by 2027 | Competitive Landscape and Revenue Forecast

Posted on 2022-12-07 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, Dec 07, 2022 — /EPR Network/ —

Industry Overview

The global Electric Bed Market size is expected to reach USD 3.80 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2021 to 2027. The increasing number of accident cases across the globe, the growing geriatric population, the rising number of surgical procedures globally, and the recent outbreak of COVID-19 are the key factors driving the market.

The number of road accidents is rapidly increasing, leading to a rise in the need for electric beds in hospitals and clinics. For instance, according to the Association for Safe International Road Travel (ASIRT), around 20.00 to 50.00 million people are injured or disabled every year. Road traffic accidents are the 9th leading cause of death worldwide. ASIRT also reported that in the U.S., more than 37,000 people die in road accidents per year and around 2.35 million are injured or disabled. In some cases, road accidents require immediate surgery and care, and thus in such cases, an electric bed is one of the essential requirements.

Electric Bed Market Segmentation

Grand View Research has segmented the global electric bed market on the basis of product, application, end use, and region:

Based on the Product Insights, the market is segmented into Semi-automatic Electric Bed and Fully Automatic Electric Bed

The semi-automatic electric bed segment held the largest share of 57.40% in 2020 and is anticipated to witness considerable growth over the forecast period.
The fully automatic electric bed segment is anticipated to witness the fastest growth over the forecast period.

Based on the Application Insights, the market is segmented into General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed, and Others

The general beds segment held the largest share of 28.55% in 2020.
The intensive care beds segment is anticipated to witness the fastest growth over the forecast period. The rising number of accident cases and surgeries across the globe are promoting the segment growth over the forecast period.

Based on the End-use Insights, the market is segmented into Hospitals & Clinics, Reproductive Care Centers, Dentistry, and Others

The hospitals and clinics segment held the largest share of 38.00% in 2020. The increasing cases of chronic wounds and cancer and the rising number of hospital admissions are the major factors fueling the segment growth.
The reproductive care centers segment is anticipated to witness significant growth over the forecast period.

Electric Bed Regional Outlook

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The companies are constantly making efforts to commercialize electric beds across the globe by emphasizing the benefits of the products and launching products with innovative features.

Some prominent players in the global Electric Bed market include:

Arjo
Hill-Rom Services Inc.
Medline Industries, Inc.
Paramount Bed Co., LTD.
Invacare Corporation
Stryker
Malvestio Spa
LINET
Gendron Inc.
Midmark India Pvt. Ltd.

Order a free sample PDF of the Electric Bed Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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