Global Medical Electric Bed Market 2021 Trends, Market Share, Industry Size, Opportunities, Analysis And Forecast To 2026
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Global Medical Electric Bed Market 2021 Trends, Market Share, Industry Size, Opportunities, Analysis And Forecast To 2026
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According to this report the global electric bed market is expected to reach $4,597.60 million in 2027 from $2,111.59 million in 2019. The market is estimated to grow at a CAGR of 9.6% from 2020 to 2027.The growth of the market is attributed to key driving factors such as rising number of chronic diseases, increasing number of hospitals and clinics, and growing number of public-private partnership in the healthcare industry. However, the steep prices of electric beds and reduction in average length of hospital stays are likely to hinder the market growth.
Based on product, the electric bed market is segmented into semi-automatic electric bed and fully automatic electric bed. The semi-automatic electric bed segment held a larger share of the market in 2019, while the fully automatic electric bed segment is expected to grow at a higher CAGR during the forecast period. The increasing number of patients coupled