Market Size (2017)
$1.71B
Vertical: HealthcareBase Year: 201711 Sections
Market Size (2017)
$1.71B
Projected (2023)
$2.60B
CAGR (2015–2023)
7.2%
Key Players
15+
In some cases, patients have trouble getting in and out of beds where electrical hospital beds play a major role in solving this problem. Electrical hospital beds have features which help patients sit and get out of the bed in a comfortable position. Electrical beds have also proved to be extremely beneficial for doctors and nurses while performing critical procedures and treatments. Rise in the number of various acute and chronic illnesses, rising geriatric population, increased number of obese populations, continuous development in the designs of hospital beds for the betterment and comfort of patients, and increasing healthcare expenditure drive the growth of the market. However, the higher cost of electrical hospital beds may hamper the growth of the market.
The global electrical hospital beds market is expected to have a CAGR of 7.25% during the forecast period from 2018 to 2023. In 2017, the market was led by Europe with 34.5% share, followed by the Americas and Asia-Pacific with shares of 30.8% and 24.6%,
respectively. This growth is attributed to the growing demand for electrical hospital beds, technological advancements in the healthcare industry, and increasing geriatric population.
The global electrical hospital beds market has been segmented based on types of beds, treatment type, application, end-user, and region.
Based on the type of beds, the semi-automatic bed segment accounted for the largest market share of 45% in 2017, with a market value of USD 760.3 million, which is projected to register a CAGR of 5.07% during the forecast period.
Based on treatment type, the critical care segment accounted for the largest market share of 38% in 2017, with a market value of USD 647.4 million, which is projected to register a CAGR of 8.03% during the forecast period.
Based on application, the general-purpose segment accounted for the largest market share of 32% in 2017, with a market value of USD 547.5 million, which is projected to register a CAGR of 7.29% during the forecast period.
Based on end-user, the hospital and clinics segment accounted for the largest market share of 40% in 2017, with a market value of USD 674.5 million, which is projected to register a CAGR of 7.25%.
The Electrical Hospital Beds Market market is projected to grow at a CAGR of 7.2% from 2015 to 2023.
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View Subscription PlansElectrical Hospital Beds Market
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
Medical equipment such as hospital beds are most essential equipment in a hospital, as the patients require proper rest during hospitalization. When patients are hospitalized for critical issues, beds are the basic need which are to be designed in a manner that gives them utmost comfort and provides safety from any external damage.
The market for electrical hospital beds is growing steadily. The growth is attributed to factors such as technological advances in the healthcare sector and the prevalence of emergency cases in hospitals. Moreover, rising funding for R&D is another key driver for the global electrical hospital beds market. However, many players are investing in the development of more advanced electrical hospital beds which is another major factor in the market growth.
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View Subscription Plans1.1 Research Process
Wantstats research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
1.1 Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and the industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
1.1 Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the global electrical hospital beds market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as the American Society for Healthcare Risk Management/American Hospital Association, American Association of Homes and Services for the Aging, American Health Care Association, American Medical Directors Association, Austria Hospital Statistics, Denmark National Board of Health, American Nurses Association, US, Centers for Medicare & Medicaid Services, US, Consumer Product Safety Commission, World Health Organization, Centers for Disease Control and Prevention (CDC), National Association of Bedding Manufacturers, China National Committee on Aging, Food and Drug Administration (FDA), Directorate of Industries, expert interview, Wantstats Analysis, annual reports, SEC filings, journals, white papers, corporate presentations, company websites, some paid databases, and many others.
Base Year
2017
Historical Period
2015 – 2016
Forecast Period
2018 – 2023
Primary Interviews
150+
Historical data (2015–2017) and forecast period (2017–2023)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThere are several industries working in the manufacturing and designing of hospital beds. Through extensive research, it is found out that market players have adopted the strategy of developing new advanced electrical hospital beds in the market. The key players involved in this strategy are Hill Rom, Inc., Invacare Corporation, LINET Spol. S R.O., and Stryker Corporation, among others. The number of key market players involved in distribution agreements and collaborations, business expansions, and others was comparatively low, apart from the big players. There are some other companies in the market such as ArjoHuntleigh, Gendron, Inc., Paramount Bed Holdings Co., and Medline Industries Inc., among others.
Hill-Rom Holdings is one of the leading players in the market. The company also has its brand identity and a wide presence as it operates worldwide with a huge workforce. The company has a significant presence in the Americas, Europe, and many regions of Asia with commercial, manufacturing, and distributing facilities. Stryker Corporation, Linet spol. s r.o., Invacare Corporation, and ArjoHunteigh are some leading players in the global electrical hospital beds market.
The electrical hospital beds market is changing continuously during the last few decades and is expecting a development in the coming future. Through extensive research, it is found that the market players have adopted the strategy of product launches, acquisitions and agreements, and expansions to expand their market. The key players involved in this strategy are Hill Room Holding, Stryker Corporation, Invacare Corporation, Linet Spol s.r.o, ArjoHunteigh, Medline Industries, Inc., Paramount Bed Holding Co., Ltd, Getinge AB, and others. Product launches (62.7%) was the most widely adopted strategy which was adopted by key market players.
Bargaining Power of Suppliers
The suppliers in the global electrical hospital beds are the manufacturers and suppliers of the hospital beds. The bargaining power of suppliers in this market is high, though there are a huge number of suppliers in the market the suppliers providing quality and cost-effective products are limited. Switching cost of the product varies from suppliers to suppliers. In developing regions such as Asia-Pacific the suppliers are trying to provide their products at affordable price. High bargaining power of suppliers force the manufactures to reduce the prices and ultimately reduces the profit potential.
Bargaining Power of Buyers
The bargaining power of buyers is moderate-to-high in the global electrical hospital beds market. The major buyers for the market are hospitals, reproductive care center, dentistry, and clinics. The number of buyers is increasing in the market. The buyers of electrical hospital beds across the globe are highly inclined towards brand identity. Moreover, the buyers can exert pricing pressure on the electrical hospital beds manufacturing companies as some of the companies provides their product costs. Due to the increasing number of companies and a huge variety of products the bargaining power of buyers tend to be moderate-to-high.
Threat of New Entrants
The threat of new entrants is high in the global electrical hospital beds market. The continuous increase in the number of hospitals, clinics, and the patient population has increased the demand for the electrical hospital beds. During the last few years, the number of players has increased considerably thus manufactures are focusing on designing and cost efficiency of the products. Increasing government support and minimizing the barriers to the entry have increased the competition in the market. This is the reason that there are high possibilities of new entrants in the market.
Threat of Substitutes
The threat of substitutes in the global electrical hospital beds market is medium-high as there is a high number of large-scale & medium scale companies manufacturing different types of electrical hospital beds. These companies are aggressively engaged in continuous development in the technology to sustain in this highly competitive market. As there are substitutes available in the market with low switching costs. Hence the overall threat of substitute in this market is medium-high.
Intensity of Rivalry
The degree of competition in the global electrical hospital beds market is high. Many types of electrical/semi-electrical hospital beds are launched into the market. Increasing government support and availability of funds has encouraged many new start-ups. Over last few years, the government in developing regions had minimized the barriers to the entry on the new start-ups. Beside this, to compete with settled and multinational players, new companies are offering their products at low cost.
Market estimates by geography (2023)
InsightEurope leads with $906.40M by 2023, while Asia Pacific is projected to grow fastest at a 7.8% CAGR.
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View Subscription Plans| REGION | 2015 | 2017 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Europe | $509.80M | $679.60M | $906.40M | 7.5% | 35% |
| Asia Pacific | $369.80M | $482.60M | $673.80M | 7.8% | 26% |
| Middle East and Africa | $148.50M | $195.80M | $243.20M | 6.4% | 9% |
| Americas | $455.30M | $603.60M | $772.00M | 6.8% | 30% |
| Total | $1.48B | $1.96B | $2.60B | 7.2% | 100% |
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View Subscription PlansTotal Market Size
$2.60B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Fully Automatic Bed | $1.57B | 8.8% | 61% |
| Semi-Automatic Bed | $1.02B | 5.1% | 39% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Electrical Hospital Beds Market covering market dynamics, competitive landscape, and strategic outlook.
The Electrical Hospital Beds Market market is projected to reach $2.60B by 2023, growing at 7.2% CAGR. The Fully Automatic Bed segment holds the largest share.
Electrical hospital beds are specially designed for hospitalized patients who need health care services. These hospital beds have special features both for the comfort and well-being of the patient and for the convenience of healthcare workers. Most common features of electrical hospital beds are electrical adjustable height for the entire bed including the head and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices.
The growth in the electrical hospital beds market is driven by the growing demand for electrical hospital beds, increasing geriatric population, increasing inflow of patient population, and increasing technological advancements in healthcare.
Moreover, major market competitors are investing in the development of advanced electrical hospital beds, which is another major driver of the market. On the other hand, the high cost of electrical hospitals beds may hinder the growth of the market over the assessment period.
Electrical hospital beds are more convenient and user-friendly than traditional hospital beds. Electrical hospital beds are designed to meet the needs of the patients proficiently for different situations. Hospital electric beds are highly adjustable, comfortable, and flexible. These beds work with minimal assistance and are self-controlled, which makes handling easy, with less laborious task than the manual beds.
According to the Indian Brand Equity Foundation, there are around 1, 96,312 hospitals in India. Additionally, according to the American Hospital Association, the Americas has around 5,534 registered hospitals. This huge number of hospitals is expected to drive the growth of the electrical hospital beds market during the forecast period.
Introduction of smart hospital beds is one of the emerging opportunities for the global electrical hospital beds market. Smart bed advancements will improve patient safety and comfort throughout the hospital stay.
The demand for electrical hospital beds is increasing due to its easier for patients in developing countries that include Asia-Pacific and the Middle Eastern and African countries. These developing countries are suffering from immense disease burden. These diseases include asthma, cardiac failure, chronic obstructive pulmonary disease, chronic kidney disease, coronary artery disease, multiple sclerosis, Parkinson’s disease, and others resulting in the increasing in-patient population in hospitals.
Governments of few developing countries have taken educational initiatives and projects such as the Janala Project (Bangladesh), ProjectABC (Nigeria), Tostan (Senegal), Yoza (South Africa), and BridgeIT (Tanzania), among others. These programs are focused to improve literacy and create awareness about the health that helps to increase the understanding of people and raises chances of becoming technically mature. These factors will indirectly boost the market growth for electrical hospital beds.
The high cost of electrical hospital beds may hamper the growth of the market over the review period. Although developed countries are technologically endowed in the healthcare sector, they are not able to afford the cost of electrical hospital beds, which may hamper the market growth. Also, developing countries have an increasing patient population but lack adequate development and financial support. As major market players are investing more in developing new types of electrical or electric hospital beds, higher cost of these products may slow the market growth during the forecast period.
Pricing is one of the most important factors for a product to withstand in the market. Pricing of the product is not what customer’s likes, but rather what they are prepared to pay. So, the manufacturers should focus on how much the user is ready to pay so to earn maximum profit or revenue. Recent trends have been followed that major companies are trying to reduce the cost of their electrical hospital beds as in developed countries the market is already saturated and in developing regions like Asia-Pacific, individuals cannot afford the high cost of the products. To this, the small and medium-size companies attract the local market with its low cost which forces the major companies to reduce the price of their products. However, well-developed brands identity of some companies helps to sell the products.
In this market, the customers are hospitals, clinics, reproductive care centers, and other healthcare organization. Many manufacturers have introduced new and advanced beds, such as smart and semi-automatic electric beds, at reasonable prices but the cost of maintenance is very high which is not afforded by all the customers. Few customers can afford this while some who purchase such beds worry about the secondary expenses. As the majority of customers are small and medium hospitals, the manufacturer should understand the need of the customers to provide cost effective beds.
Competitive tear down is the important activity in many industrial sectors. The aim of the manufacturer is to understand their competitors and pricing of their product. Prices of electrical hospital beds vary from companies to companies. Many companies are aiming to provide cost-effective electrical hospital beds aimed at the potentially huge tier-II market of lower-income customers in developing countries.
For example- In a competitive teardown of electrical hospital beds, one manufacturer compares their products with other competitors. Then the manufactures identify some ideas which could reduce the cost of the product up to 20%. Some ideas are very basic and can be easily implemented, such as minimizing complex packaging and the use of alternative raw materials.
Other important element to consider is the cost of the product. Major companies aim to deliver the features which their customers needed at a reasonable price without concerning the design and engineering. While some companies invest a huge capital to examine the opportunities in reducing the cost of the products by altering the design etc.
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Profiles of 110 companies operating in the Electrical Hospital Beds Market market, including revenue, employee count, and market positioning where available.
Showing 110 of 110 companies
Hill Room Holding
Company Headquarter: Chicago, Illinois Founded: 1969 Workforce: 10,000 Company Working: Founded in 1969, Hill-Rom Holding is a leading global medical technology company. The company employs over 10,000 employees worldwide. The company operates in the manufacturing of hospital beds, furniture, medical technology systems, and other medical equipment. Through the company’s collaboration with healthcare providers in more than 100 countries, it has been constantly focusing on patient care solutions that improve clinical and economic outcomes in five core areas, namely, advancing mobility, wound care and prevention, patient monitoring and diagnostics, surgical safety and efficiency, and respiratory health.
Invacare Corporation
Company Headquarter: Elyria, Ohio, USUS Founded: 1979 Workforce: ~4200 employee Company Working: Invacare Corporation is a leading manufacturer and distributor in its markets for medical products used in non-acute care settings. At its core, the company designs, manufactures, and distributes medical products that help people to move, breathe, rest, and maintain essential hygiene. The company provides medical product solutions for congenital (e.g., cerebral palsy, muscular dystrophy, spina bifida), acquired (e.g., stroke, spinal cord injury, traumatic brain injury, post-acute recovery, pressure ulcers), and degenerative (e.g., ALS, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly, bariatric) ailments.
ArjoHuntleigh
Company Headquarter: Sweden Founded: 1957 Workforce: ~ 6000 employee Company Working: ArjoHuntleigh was founded in 1957 by a Swedish entrepreneur, Arne Johansson. ArjoHuntleigh originally manufactured components and machine parts for other manufacturers, including medical devices. Arne Johansson was one of the first companies to understand the need for bathing and transfer equipment in healthcare, elderly care, as well as for improved ergonomics for healthcare professionals. He developed a series of innovative products that could meet these needs in Sweden. Shortly thereafter, ArjoHuntleigh started selling its products outside Sweden. The global demand for medical and healthcare is heavily influenced by global megatrends, which are expected to contribute to the attractive, long-term growth of the market.
Famed Zywiec Sp. z o.o
Company Headquarter: Zywiec Founded: 1947 Workforce: ~ 500 employee Company Working: Famed Zywiec Sp. z o. o is one of the largest producers of medical equipment in central and eastern Europe. The company’s brand has been shaped by almost 70 years of traditional as well as continuous research and development activities. One of the greatest competitive advantages of the company is its experience. It has been in the market for many years and has established contacts with the representative of health care services from various countries.
Amico Group of Companies
Company Headquarter: Richmond Hill, Ontario Founded: 1974 Workforce: ~ 1000 Company Working: The Amico Group of Companies design, manufacture, and market a broad range of products for virtually every department in the healthcare facility. Its mission is to design and deliver state-of-the-art products that facilitate the caregiver's role in providing the best outcomes for patients. A very broad range of products is manufactured by the Amico Group of Companies starting with air and vacuum systems, which deliver gas through the pipeline products to the patient. In the patient room, the Amico Group of Companies manufacture the headwall, clinical products, the bed, the furniture, the lights, and equipment mounting products.
Merivaara Corporation
Company Headquarter: Lahti Founded: 1901 Company Working: Merivaara Corporation focuses on offering intelligent solutions for operating rooms, surgical departments, and recovery. Additionally, Merivaara Corporation provides a wide range of other furnishing solutions for hospitals, day surgery, and health clinics. This helps healthcare professionals with intelligent systems and comfortable furniture.
8 interactive charts drawn from the Electrical Hospital Beds Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Electrical Hospital Beds Market Middle-East and Africa Of Middle East And Africa
Global Electrical Hospital Beds Market Australia, China, India, Japan, South Korea and Rest Of Asia Pacific By Country
Global Electrical Hospital Beds Market Germany, Spain, France, United Kingdom, Italy, Eastern-Europe and Rest Of Western Europe Of Europe By Country
Global Electrical Hospital Beds Market By Region
Electrical Hospital Beds Market Middle East And Africa
Electrical Hospital Beds Market Asia Pacific By Country
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