Global Electric Bed Market Forecast to 2027 - COVID-19 Impact and Analysis

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Jan 29, 2021, 15:30 ET

DUBLIN, Jan. 29, 2021 /PRNewswire/ -- The "Electric Bed Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product, Application,and EndUser and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the global electric bed market is expected to reach $4,597.60 million in 2027 from $2,111.59 million in 2019. The market is estimated to grow at a CAGR of 9.6% from 2020 to 2027.The growth of the market is attributed to key driving factors such as rising number of chronic diseases, increasing number of hospitals and clinics, and growing number of public-private partnership in the healthcare industry. However, the steep prices of electric beds and reduction in average length of hospital stays are likely to hinder the market growth.

Based on product, the electric bed market is segmented into semi-automatic electric bed and fully automatic electric bed. The semi-automatic electric bed segment held a larger share of the market in 2019, while the fully automatic electric bed segment is expected to grow at a higher CAGR during the forecast period. The increasing number of patients coupled with patient compliance and improvement in the quality of care provided by healthcare institutions across the world is expected to augment the growth of the fully automatic electric beds segment during the coming years.

Most of the global healthcare players focus on the emerging market such as APAC due to increasing prevalence of chronic diseases (including diabetes) and rising medical tourism in the region. Many of the Asian countries such as India, Thailand, and Singapore are becoming the destination for medical tourists. Additionally, government authorities in APAC countries are focusing on strengthening their medical tourism sector, thereby maximizing the flow of revenue. In India, medical science has grown rapidly in the past few decades. Many patients from Europe and the Middle East are choosing India as their favorite destination to leverage the availability of efficient infrastructures and technology with the Indian healthcare sector. The health insurance market and National medical systems here are well developed, which is convenient for visitors from the West and the Middle East. Nevertheless, they also find hospital expenses affordable.

In Japan, the escalating number of foreign visitors is likely to project the healthcare sector as one of the most important contributors to the national economy in the coming years. Poland is steadily growing as one of the popular medical tourism destinations in Europe. The cost of medical treatments in the country are often 60-80% lower than the costs of the same benefits in the rest of the EU countries. The major reason for the growth of tourism is Poland's recognition and acceptance of the European Union.

The rising medical tourism, especially in the emerging countries, is anticipated to provide significant growth opportunities to the electric bed market players during the forecast period.

The COVID-19 pandemic is causing massive disruptions in global supply chains, consumer markets, and the economy as a whole. However, the demand for electric beds has increased due to COVID 19 as the hospital beds playa primary role in the care required for COVID-19 sufferers. The condition of patients not receiving care may be fatal and thus the initial months of transfection resulted in whooping demand for advanced beds for patient care.

Arjo Medical Devices;Hill Rom Holding, Inc.;Medline Industries, Inc.;Paramount Bed Holdings Co., Ltd.;Invacare Corporation;Stryker Corporation;Malvestio Spa;LINET;Gendron Inc.;and Joerns Healthcare LLCare among the leading companies in the electric bed market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Electric Bed market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Electric Bed market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth, offering developed and emerging markets.
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

Key Topics Covered:

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Electric Bed Market - By Product
1.3.2 Global Electric Bed Market - By Application
1.3.3 Global Electric Bed Market - By End User
1.3.4 Global Electric Beds market - By Geography

2. Electric Bed Market - Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Global Electric Beds - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa (MEA) - PEST Analysis
4.2.5 South and Central America (SCAM) - PEST Analysis
4.3 Expert Opinions

5. Electric Bed Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Prevalence of Chronic Diseases
5.1.2 Increasing Number of Hospitals and Clinics
5.1.3 Increase in Number of Public-Private Partnership in Healthcare Industry
5.2 Market Restraints
5.2.1 Steep Prices of Electric Beds
5.2.2 Reduction in Average Length of Hospital Stays
5.3 Market Opportunities
5.3.1 Increasing Medical Tourism
5.4 Future Trends
5.4.1 Launch of Innovative Products
5.5 Impact Analysis

6. Electric Bed Market - Global Analysis
6.1 Global Electric Bed Market Revenue Forecast and Analysis
6.2 Global Electric Bed Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players

7. Electric Bed Market Analysis - By Product
7.1 Overview
7.2 Electric Bed Market Share, by Product, 2019 and 2027 (%)
7.3 Semi Automatic Electric Beds
7.3.1 Overview
7.3.2 Semi Automatic Electric Beds: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Fully Automatic Electric Beds
7.4.1 Overview
7.4.2 Fully Automatic Electric Beds: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)

8. Electric Bed Market Analysis - By Application
8.1 Overview
8.2 Electric Bed Market Share, by Application, 2019 and 2027 (%)
8.3 General Bed
8.3.1 Overview
8.3.2 General Bed: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Intensive Care Beds
8.4.1 Overview
8.4.2 Intensive Care Beds: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Bariatric Beds
8.5.1 Overview
8.5.2 Bariatric Beds: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Birthing Beds
8.6.1 Overview
8.6.2 Birthing Beds: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)

9. Electric Bed Market Analysis - By End User
9.1 Overview
9.2 Electric Bed Market Share, by End User, 2019 and 2027 (%)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals and Clinics: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Dentistry
9.4.1 Overview
9.4.2 Dentistry: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Electric Bed Market - Revenue and Forecast to 2027 (US$ Million)

10. Electric Bed Market Analysis and Forecasts To 2027 - Geographical Analysis
10.1 North America Electric Beds Market Revenue And Forecasts To 2027
10.2 Europe Electric Beds Market Revenue And Forecasts To 2027
10.3 Asia Pacific: Electric Beds Market
10.4 Middle East and Africa: Electric Beds Market
10.5 South and Central America: Electric Beds Market

11. Impact of COVID-19 Pandemic on Global Electric Bed Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Electric Bed Market - Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview

13. Company Profiles
13.1 Merz Pharma
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cutera Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Alma Lasers
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BRERA MEDICAL TECHNOLOGIES S.R.L.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Pollogen
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 BISON MEDICAL
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Cynosure
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Bausch Health Companies Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 AbbVie Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 BTL Group of Companies
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms

For more information about this report visit https://www.researchandmarkets.com/r/jseox5

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