Global Electric Bed Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Electric beds are now available to enhance comfort and address medical needs with precision and care in mind. These beds offer firmness levels and multiple positioning options along with built in massagers that have captured the interest of consumers. The latest models come equipped with controls for temperature adjustment, light settings and seamless integration with smart home technology. This innovation is driving changes, in both the bedding industry and healthcare sector trends.
Market Key Insights
- The Electric Bed market is projected to grow from $5.1 billion in 2024 to $11.4 billion in 2034. This represents a CAGR of 8.3%, reflecting rising demand across Healthcare Sector, Homecare Setting and Hospitality Industry.
Arjo, Hillrom Services Inc., Medline Industries are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Electric Bed market and are expected to observe the growth CAGR of 6.1% to 8.7% between 2024 and 2030.
- Emerging markets including India, Mexico and UAE are expected to observe highest growth with CAGR ranging between 8.0% to 10.4%.
Transition like Rise of Home Healthcare is expected to add $800.0 million to the Electric Bed market growth by 2030
- The Electric Bed market is set to add $6.3 billion between 2024 and 2034, with manufacturer targeting Home Care & Long Term Nursing Facility/SNF End-user projected to gain a larger market share.
- With Increased demand for home care, and Advances in technology, Electric Bed market to expand 122% between 2024 and 2034.
Opportunities in the Electric Bed
The progress in smart home technology presents a chance for integrating electric beds into the mix—a move that could enable users to tweak their bed settings using voice commands or a mobile app connection, for utmost convenience.
Growth Opportunities in North America and Europe
North America Outlook
North America has a presence in the Electric Bed market due to factors like a high average income per person and advanced healthcare facilities as well as an aging population that has increased the need for electric beds in the region. Companies in this region use marketing tactics to boost sales and face increased competition. The ongoing technological progress offers chances, for market expansion.
Europe Outlook
Europe is experiencing growth in the electric bed market as a result of higher healthcare expenditures and a growing elderly population with chronic health conditions driving the demand for such products in the region. Moreover there is competition among leading companies in Europe's electric bed market. Furthermore the introduction of friendly electric beds presents a new opportunity for market growth, in the region.
Market Dynamics and Supply Chain
Driver: Increased Demand for Home Care, and Rise of Luxury & Hospitality Sector
The market for beds is also being driven by the latest technological upgrades like integrated massagers and speakers as well as smart adjustment capabilities through apps that appeal to consumers seeking innovative features in their sleep setups which in turn increases demand, for electric beds significantly.
Restraint: High Investment Cost
Opportunity: Rapidly Aging Global Population and Personalized Comfort Market
The increasing desire for comfort in household environments presents new possibilities for electric beds to flourish in the market scene. These adaptable beds allow users to customize their sleep positions for added comfort and are likely to boost sales as a result. Therefore; companies in this industry stand to benefit from investing in advancements, for electric beds that cater to individualized comfort preferences.
Challenge: Regulatory Compliance Issues
Supply Chain Landscape
Alcoa
ArcelorMittal
BASF SE
Leggett & Platt
Okin Refined
Taidebao
Invacare Corporation
LINET
Hill-Rom Holdings
Healthcare sector
Hospitality sector
Residential sector
Alcoa
ArcelorMittal
BASF SE
Leggett & Platt
Okin Refined
Taidebao
Invacare Corporation
LINET
Hill-Rom Holdings
Healthcare sector
Hospitality sector
Residential sector
Applications of Electric Bed in Healthcare Sector, Homecare Setting & Hospitality Industry
Electric beds are mainly found in healthcare settings such as hospitals and nursing homes where they offer height for the bed and headrest as well as footrest to ensure patient comfort is maximized for better care provision They come in variouss like ICU beds pediatric beds and birthing beds tailored to meet specific patient requirements Market leaders in this field include companies, like Hill Rom Stryker and Invacare
As the population grows older and individuals deal with illnesses at home or bedridden conditions electric beds are becoming increasingly popular for their comfort and health benefits such as improved breathing quality better sleep relief from back pain brands like Craftmatic and Sleep Number are leading the way, in providing homecare electric beds that cater to these needs.
Hotels and resorts are investing in beds to enhance guest comfort and elevate their service offerings further by differentiating themselves in the market through improved customer satisfaction levels. These advancements have opened up an avenue for growth in the market for companies, like Leggett & Platt and Tempur Sealy International who specialize in manufacturing electric beds.
Recent Developments
Tempur Sealy International has made an advancement, in smart bed technology by incorporating AI driven sleep analysis into their range of electric beds.
Stryker Corporation introduced a line of electric beds designed for hospital settings. These beds come with tilting capabilities and alarms to alert staff when a patient is getting out of bed.
Sleep Number Corporation upgraded its bed models by incorporating voice assistant compatibility capabilities to solidify their position, in the realm of smart home connectivity.