Market Overview:
The global multifunctional electric medical bed market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing geriatric population, rising prevalence of chronic diseases, and technological advancements in the medical bed industry. Based on type, the global multifunctional electric medical bed market is segmented into fully automatic and semi-automatic beds. The fully automatic beds segment is expected to grow at a higher CAGR during the forecast period as they offer more convenience and are easier to use than semi-automatic beds. Based on application, the global multifunctional electric medical bed market is segmented into geracomiums, hospitals, and others (including clinics and home care settings). The hospitals segment is expected to account for a larger share of the global multifunctional electric medical bed market in 2018 owing to rising demand for advanced healthcare facilities worldwide.
Product Definition:
A Multifunctional Electric Medical Bed is a bed that has multiple functions, such as the ability to adjust the height of the bed, to be raised and lowered, and to tilt. Multifunctional Electric Medical Beds are important because they allow medical professionals to easily adjust the position of patients for treatment or examination.
Fully Automatic:
Fully automatic is a medical device used to perform several functions such as bathing, dressing, positioning and assisting with eating. It's usage in the medical field has been growing at a rapid pace owing to the increasing geriatric population and rising healthcare costs. The fully automatic bedside monitor was first introduced in Europe around 1995-96 and has since then gained popularity across the globe due to its ease of use.
Semi-Automatic:
Semi-automatic is a device which can perform two or more functions without the need for manual intervention. It is also known as an autonomous system, because it has high levels of self-autonomy and requires minimal human direction.
The multifunctional electric medical bed includes semi-automatic function along with automatic function.
Application Insights:
The geracomium segment held the largest share of the global market in 2017. This is attributed to increasing geriatric population and rising incidences of cardiovascular diseases, cerebrovascular disorders, respiratory problems and others. In addition, growing preference for electric beds due to their ability to adjust height easily coupled with a high degree of customization is expected to boost product demand over the forecast period.
Hospital application segment is anticipated register a CAGR exceeding 7% from 2018 to 2030 owing to factors such as government initiatives on improving healthcare infrastructure along with an increase in spending capacity by governments across various regions. In addition, favorable reimbursement policies are expected drive industry growth over the forecast period thereby impacting overall market growth positively.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and high adoption rate for technologically advanced medical devices. The region is expected to maintain its dominance over the forecast period as well due to factors such as favorable reimbursement policies, increasing geriatric population, and rising healthcare expenditure. In addition, growing awareness regarding electric beds among hospitals is also expected to drive demand in this region.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing with improving healthcare infrastructure and growing patient awareness about advanced treatment options available for various diseases.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the multifunctional electric medical bed market during the forecast period.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is rising globally, which is anticipated to boost the demand for multifunctional electric medical beds in the near future.
- Technological advancements: The development of innovative technologies in the field of healthcare has led to the introduction of new and advanced multifunctional electric medical beds, thereby propelling market growth.
- Growing awareness about benefits associated with using multifunctional electric medical beds: There is a growing awareness among people about the benefits associated with using multifunctional electric medical beds such as improved patient safety and comfort levels, which is likely to fuel market growth during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunctional Electric Medical Bed Market Research Report
By Type
Fully Automatic, Semi-Automatic
By Application
Geracomium, Hospital, Others
By Companies
Amico, Compass Health, Foshan Xufeng Medical Equipment, Hawthorne Pharmacy, MD Creative, Chang Gung Medical Technology, Maidi Medical Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Multifunctional Electric Medical Bed Market Report Segments:
The global Multifunctional Electric Medical Bed market is segmented on the basis of:
Types
Fully Automatic, Semi-Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Geracomium, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amico
- Compass Health
- Foshan Xufeng Medical Equipment
- Hawthorne Pharmacy
- MD Creative
- Chang Gung Medical Technology
- Maidi Medical Equipment
Highlights of The Multifunctional Electric Medical Bed Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Automatic
- Semi-Automatic
- By Application:
- Geracomium
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multifunctional Electric Medical Bed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A multifunctional electric medical bed is a type of hospital bed that can be used for sleeping, sitting, and lying down. This type of bed has a number of features that make it easier to use, such as an adjustable headrest and footrests.
Some of the key players operating in the multifunctional electric medical bed market are Amico, Compass Health, Foshan Xufeng Medical Equipment, Hawthorne Pharmacy, MD Creative, Chang Gung Medical Technology, Maidi Medical Equipment.
The multifunctional electric medical bed market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multifunctional Electric Medical Bed Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Multifunctional Electric Medical Bed Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multifunctional Electric Medical Bed Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Multifunctional Electric Medical Bed Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Multifunctional Electric Medical Bed Market Size & Forecast, 2020-2028 4.5.1 Multifunctional Electric Medical Bed Market Size and Y-o-Y Growth 4.5.2 Multifunctional Electric Medical Bed Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fully Automatic
5.2.2 Semi-Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Geracomium
6.2.2 Hospital
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifunctional Electric Medical Bed Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multifunctional Electric Medical Bed Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fully Automatic
9.6.2 Semi-Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Geracomium
9.10.2 Hospital
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fully Automatic
10.6.2 Semi-Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Geracomium
10.10.2 Hospital
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fully Automatic
11.6.2 Semi-Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Geracomium
11.10.2 Hospital
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fully Automatic
12.6.2 Semi-Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Geracomium
12.10.2 Hospital
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fully Automatic
13.6.2 Semi-Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Geracomium
13.10.2 Hospital
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multifunctional Electric Medical Bed Market: Competitive Dashboard
14.2 Global Multifunctional Electric Medical Bed Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amico
14.3.2 Compass Health
14.3.3 Foshan Xufeng Medical Equipment
14.3.4 Hawthorne Pharmacy
14.3.5 MD Creative
14.3.6 Chang Gung Medical Technology
14.3.7 Maidi Medical Equipment