The electrical hospital beds market size is expected to increase by USD 1.75 billion from 2020 to 2025, at a CAGR of 4.71% as per the latest market report by Technavio. Electrical hospital beds market to record 3.97% Y-OY growth rate in 2021.
For more insights on the electrical hospital beds market - Download a free sample now!
Market Dynamics
Factors such as the increase in the number of hospital beds & an increase in the number of product launches will be crucial in driving the growth of the market. But the high cost of electrical hospital beds will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This electrical hospital beds market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The electrical hospital beds market is fragmented and the vendors are deploying both organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Avante Australia Pty Ltd, Drive DeVilbiss Healthcare, Hill-Rom Holdings Inc., Invacare Corporation, Lars Medicare Pvt. Ltd., LINAK, Linet Group, Malvestio Spa, Ostrich Mobility Instruments Pvt. Ltd., and Paramount Bed Holding Co. Ltd., etc.
Few Companies with Key Offerings
- Avante Australia Pty Ltd - The company offers electric homecare beds that relief from back pain and improve blood circulation to patients.
- Drive DeVilbiss Healthcare - The company offers electrical hospital beds under the brand name Delta.
- Hill-Rom Holdings Inc. - The company offers electrical hospital beds under the brand names of Affinity and Ampera.
- Invacare Corporation - The company offers a full electric homecare bed which has convenient for both the user and caregiver to adjust body position and bed height.
- Lars Medicare Pvt. Ltd. - The company offers medicare PVC electric bed mattresses for hospitals.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The electrical hospital beds market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Product, the market is classified into specialty electrical hospital beds and standard electrical hospital beds.
- By Geography, the market is classified as North America, Europe, Asia, and ROW.
Related Reports -
Hospital Beds Market -The hospital beds market size is expected to grow by USD 1.41 billion and record a CAGR of 8.30% during 2020-2024. Download a free sample now!
Surgical Instruments Market -The surgical instruments market share is expected to increase by USD 8.59 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.87%. Download a free sample now!
Electrical Hospital Beds Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.71% |
Market growth 2021-2025 |
USD 1.75 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.97 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, Germany, China, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Avante Australia Pty Ltd, Drive DeVilbiss Healthcare, Hill-Rom Holdings Inc., Invacare Corporation, Lars Medicare Pvt. Ltd., LINAK, Linet Group, Malvestio Spa, Ostrich Mobility Instruments Pvt. Ltd., and Paramount Bed Holding Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article