Electric Bed Market Size Worth $4.12 Billion By 2028 | CAGR: 6.2%
The global electric bed market size is expected to reach USD 4.12 billion by 2028 according to a new study by Polaris Market Research. The report “Global Electric Bed Market Share, Size, Trends, Industry Analysis Report, By Product (Semi-automatic, Fully Automatic), By Application (General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed), By End-Use (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Others); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The electric bed allows the patient to adjust both upper and lower body positions with a self-adjustable height feature. They help in a variety of medical complaints and rapidly increase patient’s comfort. It offers several health benefits such as chronic pain, people with poor mobility, swelling, arthritis, acid reflux, and people with frequent cases of heartburn.
The market is driven by rising hospital admissions, owing to the recent surge in COVID-19 cases and sports injuries across the globe and technological advancements in the hospitals. According to the market statistics published by the U.S. Center for Disease and Control (CDC), around 30 million people take part in sports-related activities in the U.S. alone. Of this, individuals aged 15 to 20 accounted for around 2 million injuries and more than 30,000 hospital admissions per year.
Technological advancements by the key companies operating in the market, over the few years, have been able to expand their portfolio of smart offerings. For instance, in November 2019, China-based smart products manufacturer, Xiaomi, expanded its smart product offering named 8HMilan, which is controlled with voice commands.
Xiaomi smart electric product is fully equipped with high-performance motors, which could be lifted independently, any of the angle could be adjusted, seamless gear limit, 0 to 60 degree back adjustment, 0 to 30-degree leg adjustment, and one can unlock more nodes. The operator can control the operation of the product with voice commands, and buttons.
Market participants such as Arjo, Medline Industries, Inc., Hill-Rom Services Inc., Paramount, Gendron Inc., Stryker, Malvestio Spa, Invacare Corporation, LINET, and Midmark India Pvt. Ltd. are some of the key players operating in the concerned market. Market players in the industry are focusing on commercializing their products by emphasizing innovative features.
For instance, in October 2020, the U.S.-based medical equipment manufacturer introduced a new line of electric cots in the market under the brand name “ProCuity”. A portfolio of offerings under this brand is completely wireless products equipped with full-proof patient monitoring features. It helps in reducing patient falls, allows nurses to efficiently monitor cot-ridden patients, and patients can effectively rotate the cots in different positions.
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Polaris Market research has segmented the electric bed market report on the basis of product, application, end-use, and region:
Electric Bed, Product Outlook (Revenue – USD Million, 2016 – 2028)
Semi-automatic
Fully-automatic
Electric Bed, Application Outlook (Revenue – USD Million, 2016 – 2028)
General Bed
Intensive Care Bed
Bariatric Bed
Birthing Bed
Others
Electric Bed, End Use Outlook (Revenue – USD Million, 2016 – 2028)
Hospitals & Clinics
Reproductive Care Centers
Dentistry
Others
Electric Bed, Regional Outlook (Revenue – USD Million, 2016 – 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
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