Electrical Hospital Beds Market – Overview
Increased focus on patient comfort is leading to increased investment in equipment, such as electrical hospital beds. Reports that evaluate the healthcare industry have been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The Electrical Hospital Beds Market is expected to reach USD 5579.25 Million by 2030 at 3.50% CAGR during the forecast period 2023-2030.
Increased incorporation of ergonomically engineered devices to offer utmost comfort and aid in enhancing recovery time is motivating the market for electrical hospital beds. Moreover, the growing focus on patient rehabilitation is expected to further strengthen the expansion of the electrical hospital beds market report in the approaching period. The growing presence of established competitors in the market is anticipated to boost the electrical hospital beds market in the future.
Segmental Analysis
The segmental study of the electrical hospital beds market is carried out on the basis of type, treatment, applications, end use, and region. Based on type, the electrical hospital beds market is segmented into fully automatic and semi-automatic. On the basis of treatment, the electrical hospital beds market is segmented into critical care, acute care, and long-term care. Based on applications, the electrical hospital market comprises intensive care, general purpose, delivery/birthing, psychiatric care, bariatric, pediatric, pressure relief, and others. The end-user segment of the electrical hospital bed market comprises of reproductive care centers, hospitals and clinics, dentistry, home care, and others. Based on the regions, the electrical hospital beds market is segmented into the Middle East, the Americas, Asia Pacific, Europe, and Africa.
Detailed Regional Analysis
The regional examination of the electrical hospital beds market outlook has been segmented into the Middle East, the Americas, Asia Pacific, Europe, and Africa. The European region is the principal market for electrical hospital beds and accounted for 34% portion of the global market in 2017. The presence of sophisticated healthcare infrastructure and better emphasis on patient health and comfort in the region is driving the market. Nations such as France, the U.K., and Germany are important contributors to the European region market, which can reach a valuation of USD 906.4 Mn by the end of 2023. The Americas region is the next principal market for electrical hospital beds motivated by elevated healthcare expenditure in strong economies such as the US and Canada. Moreover, the APAC market is estimated to display speedy progress over the forecast period. Moreover, increased investment on the progress of healthcare infrastructure, the expansion of medical tourism, and accessibility to a massive patient pool generates promising growth prospects for market development.
Competitive Analysis
The disequilibrium noticed in the forces that are backing the growth of the market is expected to lead to a relatively slow pace of the growth. The enhancement of the distribution channels is projected to motivate market growth relatively. The conducive nature of the monetary and fiscal policies is likely to lead to solid growth in the market. Moreover, the rise in International transactions is anticipated to bolster the expansion of the market considerably. The positive effect exerted by governments in the development of the market is expected to guide the market towards sound progress in the coming years. The global economies are reacting to the market forces by implementing favorable policies and cutbacks so as prevent a slowdown in the progress of the market. The changes in the income levels globally are contributing to the growth of the market. The rise in individual discretionary spending is anticipated to lead to the progress of the market.
The noteworthy contenders in the electrical hospital beds market are Span America Medical System, Inc. (U.S.), Stryker Corporation (U.S.), Famed Zywiec Sp.zo.o. (Poland), Merivaara Corporation (Finland), Gendron, Inc. (U.S.), ArjoHuntleigh (Sweden), Amico Group of Companies (Canada), Midmark Corporation (U.S.), Linet spol.s.r.o. (Czech Republic), Paramount Bed Holding Co., Ltd. (Japan), Invacare Corporation (U.S.), Hill Room Holding (U.S.), Getinge AB (Sweden), Medline Industries, Inc. (U.S.), and Malvestio Spa (Italy).
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