PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1371557
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1371557
The global electric bed market is poised for significant growth, with a projected valuation of approximately US$4.7 billion by the year 2030, and a robust compound annual growth rate (CAGR) of 7.2% during the period from 2023 to 2030.
Several key trends are expected to fuel the growth of the global electric bed market. These include innovations in ICU beds, a rising number of beds in private hospitals, and the overall expansion of the global healthcare industry. Electric beds are gaining popularity in the healthcare sector as they enhance patient comfort, facilitate better care, and improve healthcare infrastructure.
One notable trend is the growing adoption of semi-automatic electric beds. These beds offer essential motorized adjustments, making them cost-effective and versatile for a broader range of healthcare facilities. Additionally, general bed applications are expanding due to their adaptability to various patient needs, further driving market growth.
Hospitals and clinics play a pivotal role in driving the demand for electric beds, given their high patient volume and the need for enhanced patient comfort and care. The dominance of North America in the electric bed market is attributed to its well-established healthcare infrastructure, technological advancements, and a growing aging population with increased healthcare requirements.
The Asia Pacific region is experiencing the fastest CAGR in the electric bed market, driven by factors such as a growing population, rising healthcare investments, the prevalence of chronic diseases, and improved healthcare infrastructure.
The electric bed market's growth is underpinned by several key factors. These include the aging global population, a growing emphasis on patient comfort and care, technological advancements, rising demand for specialized beds in healthcare facilities, and the expansion of healthcare infrastructure in emerging markets. The COVID-19 pandemic has further underscored the importance of modern healthcare equipment, driving the demand for electric beds in various healthcare settings.
One significant contributor to market growth is the increasing adoption of bariatric beds, designed to accommodate larger patients, as obesity becomes more prevalent worldwide. These specialized beds address the unique needs for comfort, safety, and effective healthcare delivery for larger individuals.
North America Retains Leadership: North America leads the market, benefiting from a well-established healthcare infrastructure, technological advancements, and a growing aging population with increased healthcare needs. Favorable reimbursement policies and government initiatives also contribute to its dominance.
Asia Pacific Gains Momentum: Asia Pacific experiences the fastest CAGR, driven by a growing population, rising healthcare investments, the prevalence of chronic diseases, and improving healthcare infrastructure.
Prominent players in the global electric bed market include:
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