Electrical Hospital Beds Market to grow at a CAGR of 6.19% from 2022 to 2027, Driven by the rising number of product launches - Technavio

NEW YORK, March 28, 2023 /PRNewswire/ -- The global electrical hospital beds market size is estimated to grow by USD 926.78 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 6.19% during the forecast period. Technavio has segmented the market based on the product (specialty electrical hospital beds and standard electrical hospital beds), type (semi-electric and fully electric), and geography (North America, Europe, Asia, and the Rest of the World). For more insights on the historic market data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Electrical Hospital Beds Market - Segmentation Assessment Segment Overview

• The market share growth by the specialty electrical beds segment will be significant for the growth of the global electrical hospital beds market during the forecast period. Different types of electrical hospital beds, such as birthing beds, pediatric beds, bariatric beds, and pressure-relief beds, are available in the market. For example, birthing electrical beds are designed to assist a woman in labor with a physiologically upright posture during childbirth. Hence, the rising demand for specialty electrical hospital beds is driving segment growth during the forecast period.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global electrical hospital beds market.

• North America is estimated to contribute to 34% of the growth of the global market during the forecast period. The growth of the market in the region can be attributed to factors such as the increase in orthopedic surgical procedures, such as spinal surgeries and hip replacement surgeries, the presence of various global and domestic vendors, and the growing number of healthcare facilities. Furthermore, companies focus on developing advanced products, which can help increase their sales. Vendors also concentrate on standard and bariatric electrical hospital beds to meet the market demand. The higher healthcare spending in the region compared to other regions allows patients to avail better healthcare facilities, thereby driving the demand for electrical hospital beds in the region.

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Electrical Hospital Beds Market – Market Dynamics
Key factor driving market growth

The rise in the number of product launches is significantly driving the market growth. Vendors focus on launching various electrical hospital beds in different price ranges, depending on the type and features of the product, to stay competitive in the market. For instance, in February 2021, Stryker launched the industry's first and only completely wireless hospital bed, named ProCuity, which is designed to reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiency and safety, and lower hospital costs. Furthermore, companies also develop specialty electrical hospital beds, such as bariatric and pediatric electrical hospital beds, depending upon the end-users. Hence, product innovations in the sector fuel the market growth during the forecast period.

Leading trends influencing the market 

The focus on product improvement is an emerging trend that impacts the market growth positively during the forecast period. Based on the needs of patients, vendors focus on improving the product features of electrical hospital beds to provide better comfort. For instance, LINET and LINAK have launched products with unique features, such as four-section profiling beds with knee raise and ultra-low beds. These beds provide better support to patients in the sitting position with less abdominal compression when compared to beds with a flat base or 2-3 sections. Hence, trends such as product improvements are expected to drive market growth during the forecast period.

Major challenges hindering the market growth

The existence of substitutes is a major challenge impeding the market growth. The non-electrical hospital beds, which include manual beds, are the substitute product options available for electrical hospital beds in the market. These products are available at lower prices. Therefore, people who cannot afford electrical hospital beds can opt for manual beds that allow the adjustment of the patient's height as well as head and knee elevation using hand cranks instead of electrical equipment. Hence, the availability of alternative products for electrical hospital beds will hinder the market growth during the forecast period.

Insights on market drivers, trends, & challenges, historic period(2017 to 2021) and forecast period(2023 to 2027) - Request a sample report!

What are the key data covered in this Electrical Hospital Beds Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electrical hospital beds market between 2023 and 2027
• Precise estimation of the size of the electrical hospital beds market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electrical hospital beds market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electrical hospital beds market vendors

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Table of Contents    

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electrical hospital beds market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global electrical hospital beds market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Specialty electrical hospital beds - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Specialty electrical hospital beds - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Specialty electrical hospital beds - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Specialty electrical hospital beds - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Specialty electrical hospital beds - Year-over-year growth 2022-2027 (%)

• 6.4 Standard electrical hospital beds - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Standard electrical hospital beds - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Standard electrical hospital beds - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Standard electrical hospital beds - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Standard electrical hospital beds - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Semi-electric - Market size and forecast 2022-2027
• Exhibit 47: Chart on Semi-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Semi-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Semi-electric - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Semi-electric - Year-over-year growth 2022-2027 (%)

• 7.4 Fully electric - Market size and forecast 2022-2027
• Exhibit 51: Chart on Fully electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Fully electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Fully electric - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Fully electric - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 69: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 77: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 81: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 97: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 98: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 99: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 100: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 101: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 102: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 103: Matrix on vendor position and classification

• 12.3 Avante Australia Pty Ltd. 
• Exhibit 104: Avante Australia Pty Ltd. - Overview
• Exhibit 105: Avante Australia Pty Ltd. - Product / Service
• Exhibit 106: Avante Australia Pty Ltd. - Key offerings

• 12.4 Famed Zywiec Sp. z o.o. 
• Exhibit 107: Famed Zywiec Sp. z o.o. - Overview
• Exhibit 108: Famed Zywiec Sp. z o.o. - Product / Service
• Exhibit 109: Famed Zywiec Sp. z o.o. - Key offerings

• 12.5 Gendron Inc. 
• Exhibit 110: Gendron Inc. - Overview
• Exhibit 111: Gendron Inc. - Product / Service
• Exhibit 112: Gendron Inc. - Key offerings

• 12.6 Hill Rom Holdings Inc. 
• Exhibit 113: Hill Rom Holdings Inc. - Overview
• Exhibit 114: Hill Rom Holdings Inc. - Business segments
• Exhibit 115: Hill Rom Holdings Inc. - Key news
• Exhibit 116: Hill Rom Holdings Inc. - Key offerings
• Exhibit 117: Hill Rom Holdings Inc. - Segment focus

• 12.7 Invacare Corp. 
• Exhibit 118: Invacare Corp. - Overview
• Exhibit 119: Invacare Corp. - Business segments
• Exhibit 120: Invacare Corp. - Key news
• Exhibit 121: Invacare Corp. - Key offerings
• Exhibit 122: Invacare Corp. - Segment focus

• 12.8 Joerns Healthcare LLC 
• Exhibit 123: Joerns Healthcare LLC - Overview
• Exhibit 124: Joerns Healthcare LLC - Product / Service
• Exhibit 125: Joerns Healthcare LLC - Key offerings

• 12.9 Lars Medicare Pvt. Ltd. 
• Exhibit 126: Lars Medicare Pvt. Ltd. - Overview
• Exhibit 127: Lars Medicare Pvt. Ltd. - Product / Service
• Exhibit 128: Lars Medicare Pvt. Ltd. - Key offerings

• 12.10 LINAK AS 
• Exhibit 129: LINAK AS - Overview
• Exhibit 130: LINAK AS - Product / Service
• Exhibit 131: LINAK AS - Key offerings

• 12.11 LINET Group SE 
• Exhibit 132: LINET Group SE - Overview
• Exhibit 133: LINET Group SE - Product / Service
• Exhibit 134: LINET Group SE - Key offerings

• 12.12 Malvestio Spa 
• Exhibit 135: Malvestio Spa - Overview
• Exhibit 136: Malvestio Spa - Product / Service
• Exhibit 137: Malvestio Spa - Key offerings

• 12.13 Medical Depot Inc. 
• Exhibit 138: Medical Depot Inc. - Overview
• Exhibit 139: Medical Depot Inc. - Product / Service
• Exhibit 140: Medical Depot Inc. - Key offerings

• 12.14 Ostrich Mobility Instruments Pvt. Ltd.
• Exhibit 141: Ostrich Mobility Instruments Pvt. Ltd. - Overview
• Exhibit 142: Ostrich Mobility Instruments Pvt. Ltd. - Product / Service
• Exhibit 143: Ostrich Mobility Instruments Pvt. Ltd. - Key offerings

• 12.15 PARAMOUNT BED HOLDINGS Co. Ltd. 
• Exhibit 144: PARAMOUNT BED HOLDINGS Co. Ltd. - Overview
• Exhibit 145: PARAMOUNT BED HOLDINGS Co. Ltd. - Business segments
• Exhibit 146: PARAMOUNT BED HOLDINGS Co. Ltd. - Key offerings
• Exhibit 147: PARAMOUNT BED HOLDINGS Co. Ltd. - Segment focus

• 12.16 Stiegelmeyer GmbH and Co. KG 
• Exhibit 148: Stiegelmeyer GmbH and Co. KG - Overview
• Exhibit 149: Stiegelmeyer GmbH and Co. KG - Product / Service
• Exhibit 150: Stiegelmeyer GmbH and Co. KG - Key offerings

• 12.17 Stryker Corp. 
• Exhibit 151: Stryker Corp. - Overview
• Exhibit 152: Stryker Corp. - Business segments
• Exhibit 153: Stryker Corp. - Key news
• Exhibit 154: Stryker Corp. - Key offerings
• Exhibit 155: Stryker Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 13.5 List of abbreviations 
• Exhibit 162: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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