Electric Hospital Beds Market Focuses on Market Share, Size and Projected Forecast Till 2031
Electric Hospital Beds Market Trends, Growth Opportunities, and Forecast Scenarios
The global Electric Hospital Beds market is experiencing significant growth due to the increasing demand for advanced healthcare facilities and the rising geriatric population. Electric hospital beds offer several advantages such as improved patient comfort, ease of operation for healthcare providers, and enhanced patient safety features.
One of the key trends driving the growth of the Electric Hospital Beds market is the increasing prevalence of chronic diseases and the subsequent rise in the number of patients requiring long-term care. This has led to a higher adoption rate of electric hospital beds in hospitals, nursing homes, and home healthcare settings.
Another important factor contributing to the market growth is the technological advancements in electric hospital beds, such as the integration of smart features like remote control operation, adjustable height and head/foot sections, and pressure relief systems. These features enhance patient comfort and provide better care outcomes.
Moreover, the growing investments in healthcare infrastructure and the increasing focus on patient-centered care are creating new growth opportunities for the Electric Hospital Beds market. Market players are also focusing on developing innovative products with advanced features to cater to the evolving needs of healthcare facilities and patients.
Overall, the Electric Hospital Beds market is expected to witness continued growth in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the aging population, technological advancements, and the rising demand for better healthcare facilities. It presents lucrative opportunities for market players to expand their product offerings and tap into new markets.
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Electric Hospital Beds Market Competitive Analysis
The competitive landscape of the Electric Hospital Beds Market includes companies such as Paramount Bed, Hill-Rom, Stryker, Linet Group, Stiegelmeyer, Joerns Healthcare, ArjoHuntleigh, Pardo, Merivaara, Med-Mizer, Invacare, Gendron, Volker Hospital Beds, and Chengdu Haohan Medical Equipment. These companies offer a range of electric hospital beds with advanced features to cater to the specific needs of healthcare facilities. By providing innovative products and solutions, these companies contribute to the growth of the Electric Hospital Beds Market.
- Hill-Rom: Sales revenue of $ billion in 2020
- Stryker: Sales revenue of $15.8 billion in 2020
- Invacare: Sales revenue of $834 million in 2020
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In terms of Product Type, the Electric Hospital Beds market is segmented into:
Electric hospital beds come in two main types: semi-electric beds and full electric beds. Semi-electric beds allow for adjustment of the head and foot sections with an electric motor, while the height adjustment is done manually. Full electric beds, on the other hand, offer electric adjustment of all bed functions, including height, head, and foot sections. The convenience, ease of use, and improved patient comfort provided by these electric hospital beds have significantly boosted the demand for such products in the market. Healthcare facilities are increasingly opting for electric beds to enhance patient care and ensure smooth operation.
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In terms of Product Application, the Electric Hospital Beds market is segmented into:
Electric hospital beds are commonly used in hospitals, long-term care facilities, elderly care facilities, ambulatory surgical centers, and for home use. These beds offer a range of features such as adjustable height, head and foot positioning, and side railings to ensure patient comfort and safety. They are used in hospitals for patient recovery and rehabilitation, in long-term care facilities for elderly patients, in ambulatory surgical centers for outpatient procedures, and at home for individuals with limited mobility. The fastest growing application segment in terms of revenue is the home use segment, as more people are opting for home healthcare services.
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Electric Hospital Beds Industry Growth Analysis, by Geography
The electric hospital beds market is expected to experience significant growth in various regions including North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China. The market is projected to be dominated by North America and Europe, with these regions holding a significant market share percent valuation. The United States is expected to be a major contributor to the growth of the market due to the increasing demand for advanced healthcare facilities. China is also expected to witness substantial growth in the electric hospital beds market due to the rising healthcare infrastructure and investments in the region.
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