Overview:
The global electrical hospital beds market analysis by MRFR prdeicts the market expected to touch a valuation of USD 2,595.4 million by 2023. The increasing medical tourism in developing economies has become a lucrative opportunity for major hospital chains. Electrical hospital beds are a necessity in hospitals which can assist patients with serious ailments in getting out of bed as well as provide a comfortable experience.
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Rise of chronic diseases, the expanding geriatric populace, increasing rates of obesity, and inflated healthcare expenditure of nations are factors which can positively impact the market growth. Improved designs by bed manufacturers which focus on comfort is likely to provide the electrical hospital beds market demand the thrust in the right direction. The high costs of these beds can act as a growth deterrent. But demand for smart hospital beds coupled with technological advances in the healthcare sector can facilitate global market growth.
Segmentation:
The electrical hospital beds market can be segmented by type, treatment, application, and end-user.
By type, the market is segmented into semi-automatic and fully automatic. The fully automatic segment accounted for 55% share in 2017, while the semi-automatic segment accounted for 45% share in the same year. The fully automatic segment is projected to experience a 8.83% CAGR over the forecast period owing to its extensive features such as controlling the lower part of the bed.
By treatment, the market covers acute care, critical care, and long term care. The critical care segment is expected to enjoy an 8.03% CAGR over the forecast period. It had dominated the market in 2017 owing to the sharp rise of electrical beds in intensive care units.
Major market applications include general purpose, intensive care, delivery/birthing, bariatric, pediatric, pressure relief, and psychiatric care. The general purpose segment accounted for the highest market share in 2017, followed by the intensive care segment. It is predicted to reign in the electrical hospital beds market over the assessment period owing to its high usage in sports academies, old age homes, rehabilitation centers, and others.
End-users in the electrical hospital beds market include hospitals and clinics, reproductive care centers, home care, and dentistry. Among these, the hospitals and clinics segment accounted for 40% market share in 2017, followed by reproductive care, dentistry, and home care segments. It is predicted to experience a 7.25% CAGR over the forecast period.
Regional Analysis:
The electrical hospital beds market covers the latest trends and opportunities across Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The European region accounted for 34% market share in 2017, followed by Americas (31%), APAC (25%), and MEA (10%). It can enjoy a 7.46% CAGR over the forecast period owing to its sophisticated healthcare infrastructure and emphasis on patient health by prominent nations. Countries such as the U.K., France, and Germany can drive the regional market size to USD 906.4 million by 2023.
The Americas region can enjoy a substantial growth rate over the forecast period owing to strong economies of Canada and the U.S. Introduction of beds with ergonomic designs and cost-effective prices are likely to induce massive demand from patients emphasizing on home care.
The APAC electrical hospital beds market is projected to grow at a rapid clip thanks to improvements in the healthcare sector, increasing medical tourism, and a dearth of opportunities owing to the large patient pool. It is expected to enjoy a 8.47% CAGR over the forecast period.
Competitive Dashboard:
Prominent players operating in the electrical hospital beds market include Paramount Bed Holding Co., Ltd. (Japan), Famed Zywiec Sp.zo.o. (Poland), Amico Group of Companies (Canada), Invacare Corporation (U.S.), Medline Industries, Inc. (U.S.), Merivaara Corporation (Finland), Span America Medical System, Inc. (U.S.), Linet spol.s.r.o. (Czech Republic), Gendron, Inc. (U.S.), ArjoHuntleigh (Sweden), Malvestio Spa (Italy), Stryker Corporation (U.S.), Midmark Corporation (U.S.), Hill Room Holding (U.S.), and Getinge AB (Sweden).
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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) - Forecast to 2027Overview:The global electrical hospital beds market is expected to touch a valuation of USD 2,595.4 million by 2023, according to Market Research Future (MRFR).
The increasing medical tourism in developing economies has become a lucrative opportunity for major hospital chains.
Improved designs by bed manufacturers which focus on comfort is likely to provide the electrical hospital beds market demand the thrust in the right direction.
The high costs of these beds can act as a growth deterrent.
But demand for smart hospital beds coupled with technological advances in the healthcare sector can facilitate global market growth.Segmentation:The electrical hospital beds market can be segmented by type, treatment, application, and end-user.By type, the market is segmented into semi-automatic and fully automatic.
The fully automatic segment accounted for 55% share in 2017, while the semi-automatic segment accounted for 45% share in the same year.
Electrical Hospital Beds Market – OverviewIncreased focus on patient comfort is leading to increased investment in equipment, such as electrical hospital beds.
Moreover, the growing focus on patient rehabilitation is expected to further strengthen the expansion of the electrical hospital beds market in the approaching period.
The end-user segment of the electrical hospital bed market comprises of reproductive care centers, hospitals and clinics, dentistry, home care, and others.
The European region is the principal market for electrical hospital beds and had accounted for 34% portion of the global market in 2017.
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.Electrical Hospital Beds Market Competitive AnalysisThe 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.
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 2023Market Research Future predicted that the Global Electric Hospital Beds Market Size would attain a CAGR of 7.25% during the forecast period, 2018-2023Electric 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.
In addition, the government of several countries is reorganizing its healthcare sector, which stimulates the growth of the electric hospital bed market.
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 PlayersThe 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 UpdatesThe 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.
The global Outpatient Rehabilitation Centers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the outpatient rehabilitation centers market include AIM Health Group Inc., Accelerated Rehabilitation Centers, Ltd,, Select Medical Holdings, LHC Group, Inc., Trilogy Health services, LLC., Physiohealth.in, Senior Care Centers of America, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Outpatient Rehabilitation Centers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/outpatient-rehabilitation-centers-market/download-sampleMarket DynamicsThe increased emphasis on preventative care or post-acute care continuum is the primary stimulant for the market’s growth.
These outpatient rehabilitation centers will play a significant role in the future of preventive medicine as they offer services at a lower cost and are less risky alternatives to traditional inpatient methods.
These centers’ high flexibility and outpatient programs usually scheduled around the patients’ daily routine will favor these centers’ growths in the urban areas, especially among the working class.
