Electrical hospital beds are vital equipment which assist patients with chronic diseases or serious injuries to get into a comfortable position. These beds have the capability of lowering or raising individuals with the help of an apparatus.
The Global Electrical Hospital Beds Market is predicted to exhibit a 7.25% CAGR from 2018 to 2023 (forecast period), as per the latest report by Market Research Future (MRFR) owing to the expanding geriatric populace.
The report offers a comprehensive analysis on the profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.
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Competitive Landscape
Prominent players in the electrical hospital beds market include Gendron, Inc. (U.S.), Span America Medical System, Inc. (U.S.), Stryker Corporation (U.S.), Merivaara Corporation (Finland), Invacare Corporation (U.S.), Famed Zywiec Sp.zo.o. (Poland), ArjoHuntleigh (Sweden), Amico Group of Companies (Canada), Linet spol.s.r.o. (Czech Republic), Paramount Bed Holding Co., Ltd. (Japan), Midmark Corporation (U.S.), Hill Room Holding (U.S.), Medline Industries, Inc. (U.S.), Getinge AB (Sweden), and Malvestio Spa (Italy).
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.
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The segments covered in the electrical hospital beds market report are analyzed with respect to four main regions namely – Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.
Analysis Period
- Base Year – 2017
- Projection Period – From 2018 to 2023
- Market Denomination – USD Million
- Conversion Rate – Considered as per the respective financial years
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