Market Research Future (MRFR) has announced a new release on the global electrical hospital beds market. The report takes a close look at the global market’s present condition on various parameters and presents a comprehensive forecast regarding the market’s growth trajectory over the 2018-2023 forecast period. According to the study, the global electrical hospital beds market is expected to rise at a CAGR of 7.25% over the forecast period.
Electrical hospital beds are beds that can be electrically maneuvered into the most comfortable position for the patient. They can lower or raise the patients according to their requirements, making it comfortable for them to stay on the bed for prolonged periods of time. As a result, they are mostly used for patients with chronic diseases or serious injuries that are likely to take a long time to heal.
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The global electrical hospital beds market is driven primarily by the growing healthcare expenditure around the world, which has led to increasing incorporation of electrical hospital beds into the healthcare sector in a number of countries across the world. The growing government support to solutions that make medical care more convenient and comfortable for patients is likely to ensure steady growth of the electrical hospital beds market over the 2018-2023 forecast period.
Competitive Analysis:
Leading players in the global electrical hospital beds market include
- Gendron Inc.,
- Merivaara Corporation,
- Amico Group of Companies,
- Paramount Bed Holding Co. Ltd.,
- Medline Industries Inc.,
- Span America Medical System Inc.,
- Famed Zywiec Sp.zo.o.,
- Getinge AB,
- Stryker Corporation,
- ArjoHuntleigh,
- Invacare Corporation,
- Hill Room Holding,
- Malvestio Spa,
- Midmark Corporation, and
- Linet spol.s.r.o.
Segmentation
The global electrical hospitals beds market has been segmented based on type, type of treatment, application, and end user.
By type, the global electrical hospital beds market has been segmented into semi-automatic bed and fully automatic bed. The fully automatic beds segment currently stands at USD 1,029 Mn and is likely to scale up to USD 1,570.9 Mn by 2023 and capture the highest CAGR of 8.83% over the forecast period. Semi-automatic beds segment is likely to strike a CAGR of 5.07% over the forecast period.
By type of treatment, the global electrical hospital beds market includes critical care, acute care, and long-term care. The critical care segment is the largest as well as the fastest growing segment and is expected to expand at a CAGR of 8.03% over the forecast period to scale valuation of USD 1,020.6 Mn. The acute care segment is expected to be the second largest segment and is expected to attain USD 865.4 Mn by 2023.
By application, the global electrical hospital beds market has been segmented into general purpose, intensive care, delivery/birthing, bariatric, pediatric, pressure relief, psychiatric care, and others. The general purpose segment is leading the market and is expected to reach a market valuation of USD 836.4 Mn by 2023 with a CAGR of 7.29% over the forecast period. The intensive care segment is expected to be the fastest growing segment and capture a CAGR of 7.82% over the forecast period.
By end-user, the global electrical hospital beds market has been segmented into hospital & clinics, reproductive care centers, dentistry, home, & others. Hospitals & clinics segment is dominating the market and is expected to expand at a CAGR of 7.25% over the forecast period. However, homecare segment is expected to be the fastest growing segment and register a CAGR of 8.81% over the forecast period.
Regional Analysis
By region, the global electrical hospital beds market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
Europe is the largest Market for Electrical Hospital Beds Market and accounted for 34% share of the global market in 2017. Presence of sophisticated healthcare infrastructure and greater emphasis on patient health and comfort in the region drives the market. The U.K., France, and Germany are the key contributors to the Europe market which can scale valuation of USD 906.4 Mn by the end of 2023.
The Americas is the second largest market for electrical hospital beds driven by high healthcare spending in strong economies such as the US and Canada.
APAC market is anticipated to exhibit rapid growth over the forecast period. High investment on the development of healthcare infrastructure, the growth of medical tourism and availability of a massive patient pool creates favorable growth opportunities for the market growth. The APAC market is estimated to strike a CAGR of 8.47% over the forecast period.
Related Report:
Global Hospital Beds Market Information: By Type (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, Others), By Power (Electric, Semi-Electric, Manual), By End Users (Hospital, Clinics, Ambulatory)- Forecast Till 2023
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