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Insights on the Electric Beds APAC Market to 2027 - by Product, Application, End-user and Country
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Insights on the Electric Beds APAC Market to 2027 - by Product, Application, End-user and Country
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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
Electric Bed Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast 2020 to 2027 Published: Dec. 30, 2020 at 8:16 a.m. ET
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Dec 30, 2020 (Market Insight Reports)
The Global Electric Bed Market is estimated to value over USD 3.8 billion by 2027 end at a CAGR of over 6.6% during the forecast period 2020 to 2027.
The research report titled Electric Bed offers comprehensive information on key driving factors, pricing analysis, market growth trends, brand positioning, competitive landscape, product usage and consumer psyche. This report provides an extensive analysis on market segmentation, strategies for prominent players and market overview. The market overview consists of important parameters extracted from different government bodies, industry and trade associations, information brokers, key companies and other such organizations. The insights obtained from
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SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ The global electric bed market size is expected
to reach USD 3.80 billion by 2027, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 6.8% from 2021 to 2027. The increasing number of accident cases across the globe, the growing geriatric population, the rising number of surgical procedures globally, and the recent outbreak of COVID-19 are the key factors driving the market.
Key suggestions from the report:
In terms of product, the semi-automatic electric bed segment held the largest share in 2020. The increasing number of hospital admissions across the globe is expected to fuel the segment growth over the forecast period
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