Global Electrical Hospital Beds Market Research Report: by Type (Semi-automatic, Automatic), by Treatment (Critical Care, Acute Care, Long Term Care), by Application (General Purpose, Psychiatric), by End-user (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Home Care), and Region - Forecast to 2023

Market Research Future predicted that the Global Electric Hospital Beds Demand would attain a CAGR of 7.25% during the forecast period, 2018-2023

Electric hospital beds are essential equipment that makes patients with chronic illness or serious injury comfortable. Factors influencing market growth include rising obesity, increased health spending in countries and the development of new ergonomic bed designs to provide patients with a comfortable experience. An increasing number of accidents, wars, and natural disasters have led hospitals to allocate more room for first aid, increasing the demand for electric hospital beds. In addition, the government of several countries is reorganizing its healthcare sector, which stimulates the growth of the electric hospital bed market. Technological advances have made it possible to improvise electric hospital beds and thus increase sales of electric hospital beds. On the other side, the advancement of the electric hospital bed market may be slowed by high costs and high maintenance costs.

Electrical Hospital Beds Market Key Players

The global Electrical Hospital Beds Market is supported and driven by leading giants around the globe. These major players include Amico Group of Companies, Midmark Corporation, Hill Room Holding, Span America Medical System, Medline Industries, Inc., Famed Zywiec Sp.zo.o., Stryker Corporation, Midmark Corporation, ArjoHuntleigh, Gendron, Inc., Merivaara Corporation, Linet spol.s.r.o., Getinge AB, Getinge AB, and Invacare Corporation.

Electrical Hospital Beds Market Recent Updates

The American Legion of Iowa Foundation wrote a check for $1,400 for New Hope to retort to their attempts to raise funds for procuring electric hospital beds. Over the past year, New Hope has been beseeching financial help to bring in new beds that are to be used by some of their on-campus people. 

Electrical Hospital Beds Market Segmentation

The electric hospital beds market for electric hospital beds is strongly divided into bed type, treatment type, application, and end-user.

The global market for electric hospital beds is divided into fully automatic beds and semi-automatic beds. The fully automatic bed segment is valued at $1,029 million and is expected to reach the $1,570.9 million by 2023, achieve the highest CAGR of 8.83% during the forecast period. The segment of semi-automatic beds should grow at a CAGR of 5.07% during the evaluation period.

Based on treatment, the global electric hospital beds market is classified as long-term care and intensive care. The intensive care segment that has the largest share is a growing segment and is expected to develop at a CAGR of 8.03% to $ 1,020.6 million. The acute healthcare segment is expected to be the second-largest and reach $865.4 million by 2023.

By application, the global market for electric hospital beds is segmented into general services, delivery, intensive care, pressure relief, bariatric, pediatric, psychiatric care, and others and forecasted to attain a valuation of 836.4 million, with a CAGR of 7.29%. The ICU segment is expected to grow fastest, with a CAGR of 7.82% over the forecast period.

The end-user has segmented the global market for electric hospital beds in hospitals and clinics, reproductive health centers, dentistry, home care, and others. The hospital and clinic segments dominate the market, and a 7.25% CAGR with an increase is expected over the forecast period. However, the home care segment is likely to flourish at the fastest and to report a CAGR of 8.81% over the forecast period.

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Electrical Hospital Beds Market Regional Insights

Europe is the largest market for electric hospital beds and represented 34% of the global market in 2017. The presence of advanced healthcare infrastructure and the emphasis on health and patient comfort in the region is the driving force of the market. The United Kingdom, France, and Germany make the largest contribution to the European market, which could reach $ 906.4 million by the end of 2023.

The Americas positioned at second in the global market is supported by high healthcare-based spending in developed economies such as the US and Canada.

The Asia Pacific region is projected to show a swift growth trend during the forecast period. Growing investments to create sophisticated healthcare infrastructure, booming medical tourism, and presence of huge pool of patient population is favoring the growth of the global electrical hospital beds market in the region.

Hospital beds are serving the purpose of patient care in various medical institution and residences. Hospital beds are versatile and robust, in terms of ease to clean, maintenance as compared to household bed for a longer period of time. Hospital beds can be set to any inclination as per the patient’s comfort with the help of levers fixed to the beds. Moreover, most of the modern hospitals provide electric and semi-electric beds, which cut down the need of medical assistance for patient monitoring as well as movement. Hospital beds are conventionally used in various patient care settings, such as intensive care unit beds, psychiatry beds, ambulatory, pediatric beds, terminal patient beds, outpatient beds, bariatric beds, and maternity beds.

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Market Dynamics

The U.S. hospital bed market is gaining significant traction due to rising geriatric population associated diseases. For instance, according to Population Reference Bureau (PRB), in 2016, around 46 million people were aged 65 years and older in the U.S. and by 2060 population is predicted to be 98 million. Geriatric population is more susceptible to infections, which raises the demand for public health system to increase the number of beds in the hospitals. This is expected to boost the growth of the U.S. hospital bed market over the forecast period. Furthermore, in October 2017, Highmark Health announced to build a new 160-bed hospital in Pine Township (U.S.). Highmark aims to make healthcare more affordable. This new hospital is expected to get regulatory approval in mid-2018 and complete by 2021.

Detailed Segmentation:

• U.S. Hospital Beds Market, By Type:

  • Electric Beds

  • Semi-electric Beds

  • Manual Beds

Key features of the study:

• This report provides in-depth analysis of the S. Hospital Beds Market and its device type, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period: 2017 – 2025, considering 2017 as the base year.

• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.

• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.

Factors such as rising number of road accidents, sports injuries, and associated chronic infections mainly needs a surgery, which will drive growth in the hospital beds market in the U.S. For instance, according to World Health Organization (WHO), 2017, road traffic injuries are the leading cause of death among people aged between 15 and 29 years. High cases of bed-ridden and traumatic brain injury-related emergency patients demands longer hospital stays, in turn raising the demand for the hospitals beds, which is expected to propel the immense growth of the U.S. hospital beds market over the forecast period.

For instance, according to the Centers for Disease Control and Prevention (CDC), in 2013, around 2.8 million traumatic brain injury-related emergency department (ED) hospitalizations, visits, and deaths were estimated in the U.S. Traumatic brain injury estimated around 282,000 hospitalizations and around 2.5 million reported emergency department visits in the U.S. According to the data of CDC, it represents high prevalence of traumatic brain disorders, which requires constant care and longer hospital stays which in turn increase demand for hospital beds. This will fuel the growth of the U.S. hospital beds market over the forecast period.

Initiatives taken by the U.S government and healthcare organizations for proper disease management requiring long stay in hospital is expected to witness the growth of the U.S hospital beds market

In October 2017, U.S. navy’s hospital ship named USNS Comfort, designed a bed to treat people in disaster strike. The USNS comfort ship has 1,000 patient beds, which includes 80 intensive care bed and 12 operating rooms for both civilian and military. Furthermore, to improve healthcare facilities for the maximum patient outcome, Highmark has announced to build 160-bed hospital in Pine Township. Highmark is intended to provide affordable healthcare service in the U.S. Highmark is expected to get regulatory approval in mid-2018 and project completion in 2021. Thus, this portfolio aims to improve healthcare service for better treatment management, which is expected to boost the growth of U.S. hospital beds market growth over the forecast period.

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08 March 2019, Exceptional access to a universe of data has offered ascend to the engaged, yet doubtful, customer. So is the situation with medicinal services, where the patient has been rendered more educated and reliable on account of the exceptional infiltration of the Internet. The perceiving persistent now requests more moderate, advanced, straightforward, and customized social insurance administrations, making the requirement for new models for consideration. The healing center beds industry taking into account treatment has made gigantic development in the late years.

The developing acknowledgment of intense consideration beds, basic consideration quaint little inns term beds have expanded the interest for doctor's facility beds. The business sector is developing with high development rate, because of a few variables, for example, developing maturing population, rising social insurance use, expanding pervasiveness of chronic diseases and mechanical progressions in doctor's facility beds. These beds are all around furnished with specific elements that permit patients to change the tallness, and in addition the head and foot segments of the bed. Besides, these components permit better situating of patients, enhanced blood course of patients because of development, simplicity of exchange, and security if there should arise an occurrence of patients, who are at a danger of dropping out of the bed because of the nearness of bed rails

Expanding commonness of chronic diseases, development of maturing population and rising medicinal services use drives the business sector of electric beds globally. Increment in chronic diseases prompts an expansion in the quantity of hospitalization cases, fuelling the interest for clinic beds. Also, rising human services consumption overall prompts a change in the social insurance base bringing about development and remodel of healing centers with establishment of new doctor's facility beds. Hence, this drives the worldwide doctor's facility beds market

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The innovative progressions in hospital facility beds are further likewise heightening the business sector universally. The electric hospital beds with force sleeping cushions for continuous weight redistribution with fitted electric engine enhance blood flow and aides keeping the development of bed injuries. These propelled highlights offered by these beds make them famous and prompts the development of the business sector around the world.

The maturing population will drive interest for doctor's facility beds, as more individuals require industry items for their medical consideration, including at-home restorative consideration. Moreover, producers will present new items with the most recent advances, for example, coordinated scales and key signs screens, to empower request. In this manner, the Hospital Bed Manufacturing industry's income will keep on growing, in accordance with predictable interest, new advancements and a maturing population.

The normal value that medicinal services offices paid for electric beds was 45% higher in February contrasted and that month a year ago. The expansion was powered by enthusiasm for beds intended for concentrated consideration units. The normal cost paid for electric beds was $15,627, as per the most current information in the Technology Price Index. Higher-cost ICU beds represented 40% of all enthusiasm for electric beds among ECRI part associations, up from 20% amid the same time the prior year. ICU beds tend to cost amongst $25,000 and $30,000 each-fundamentally more than restorative/surgical beds, which regularly cost $5,000 to $10,000 a bed

The key limitations connected with clinic beds business sector is their high cost. High cost of beds declines the reasonableness of individuals in low salary areas. Different hospitals offer several beds, for example, electrical beds, birthing beds, bariatric beds, and basic consideration are to a great degree costly, which makes them excessively expensive for doctor's facilities with restricted spending plan allotted for social insurance. In emerging nations, for example, India, China, and Brazil, manual and semi-electrical beds are favored over electric beds owing to their low cost. High cost of doctor's facility bed is expected to hamper the development of the Electrical Hospital Beds Market

Major players in the Electrical Hospital Beds Market include Linet Invacare Corporation, Hill Rom, Stryker, Getinge AB, Paramount Bed Co. Ltd, Gendron Inc., Span America Medical Systems Inc., and Medline Industries Inc among others.

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The Global Hospital Beds Market was valued at US$ 3.1 billion in 2017 and is expected to witness a robust CAGR of 6.2% over the forecast period (2017 – 2025). Hospital Beds are designed for hospitalized patients or for the patients who need healthcare services. Hospital beds provide numerous facilities, such as adjustable height, electronic buttons to operate in case of emergency, and provides patients with comfort and ease while getting treatment. Household beds are difficult to maintain for longer period whereas, hygiene and cleanliness are not maintained properly.

Hospital beds can be set to any inclination or reclined as per the patient’s condition or comfort. In addition, hospitals beds are also custom made for various patient or medical institution setting, such as pediatric beds, psychiatry beds, outpatient beds, bariatric beds, maternity beds, terminal patient beds, ambulatory, and intensive care unit beds. Many modern hospital beds have the provision of electrical assistance for movement as well as for patient monitoring. It also allows patients to adjust the height without the help of caretaker.

Market Dynamics

Hospital bed market is primarily driven by growing geriatric population, as they are more susceptible to the disease and require frequent hospitalization. Hence, growing geriatric population is expected to favor the growth of hospital bed market. Growing prevalence of chronic disease and investments by hospitals on infrastructural development is expected to drive the growth of the market. Technological advancement for ICU beds is expected to contribute to the growth of the market. For instance, Stryker’s InTouch, critical care bed is the first high acuity care bed, which provide advance technology, back smart ergonomics, and control all bed functions with an easy operating touch screen interface.

Increasing healthcare spending on hospital infrastructure is expected to drive the sales of hospital beds worldwide

Many of the hospitals have shifted their capital funds towards the hospital infrastructure, which is mainly seen in private hospitals. Improving healthcare amenities along with increasing spending in healthcare is expected to boost growth of hospitals beds market globally. Increasing number of geriatric population and need for their treatment is expected to fuel the growth of hospital bed market over the forecast period. The number of hospital beds are very less in emerging economies. For instance, in India, according to World Bank data, 2011, the hospital beds were recorded to be 0.9 beds per 1,000 population. According to Eurostat 2015, Europe hospitals accounted for the highest share of current healthcare expenditure and public funding in the form of general government and social security funds, which dominates the healthcare sector in the majority of European Member States.

Advance technology in hospital beds is expected to boost the market growth

Market players are developing advance technological beds that provide safety and comfort to the patient when admitted. For instance, Hill-Rom have developed advanced bariatric care, The Compella Bariatric Bed, which provides the latest advancement in bariatric care and it also provides safety, which helps to overcome barriers to streamline workflow. Stryker’s InTouch, a critical care bed is the first high acuity care bed, which provide advance technology, back smart ergonomics, and control all bed functions with an easy operating touch screen interface. It also provides better bedside data, which prevent adverse events. Thus, the advance technology and additional features implemented by manufacturer in hospital bed are expected to support the market growth over the forecast period.

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Some major players operating in the hospital beds market include Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, and Midmark Corporation.

Hospital beds are designed for hospitalized patients or for the patients who need healthcare services as well as for the convenience of their caretaker. Hospital beds provide numerous facilities, such as adjustable height, electronic buttons to operate in case of emergency, and provides patients with comfort and ease while getting treatment.

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In some cases, patients experience difficulty getting in and out of beds where automated hospital beds play major role in solving this problem. Automated hospital beds allow patients to sit and get out of the bed in a position with comfort. Additionally, they are extremely beneficial for the doctors and nurses while performing critical procedures and treatment to the patients.
The global Automated Hospital Beds market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20192025. The objectives of this study are to define, segment, and project the size of the Automated Hospital Beds market based on company, product type, end user and key regions.

This report studies the global market size of Automated Hospital Beds in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Automated Hospital Beds in these regions.
This research report categorizes the global Automated Hospital Beds market by top players/brands, region, type and end user. This report also studies the global Automated Hospital Beds market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The following manufacturers are covered in this report, with sales, revenue, market share for each company:
ArjoHuntleigh
Gendron
HillRom
Invacare
Linet
Medline Industries
Paramount Bed Holdings
Stryker

Market size by Product
SemiAutomatic
Fully Automatic
Market size by End User
Hospitals & Clinics
Other

Market size by Region
North America
United States
Canada
Mexico
AsiaPacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa

The study objectives of this report are:
To study and analyze the global Automated Hospital Beds market size value & volume by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Automated Hospital Beds market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
Focuses on the key global Automated Hospital Beds companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Automated Hospital Beds submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Automated Hospital Beds are as follows:
History Year: 20142018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

This report includes the estimation of market size for value million US$ and volume K Units. Both topdown and bottomup approaches have been used to estimate and validate the market size of Automated Hospital Beds market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.