Demographics And Care Trends In The Electric Bed Market: Population, Number Of Bed, Out Of Pocket Spending, And Bedridden Analysis By Country, Volume & Market Value Insights (2018-2023 & 2032)

Market Trends

Aging Population and Demand for Electric Beds

• As people age, they are more likely to suffer from chronic conditions and mobility issues that require prolonged bed rest and specialized care. Electric beds provide better comfort and support for elderly patients, making them a preferred choice in hospitals, nursing homes, and home care settings. Electric beds offer features such as adjustable height, backrests, and leg rests, which can be easily controlled to meet the specific needs of elderly patients. These adjustments help in reducing the risk of bedsores, improving circulation, and ensuring the overall safety and comfort of patients who spend long periods in bed. For caregivers, electric beds reduce the physical strain associated with manually adjusting bed positions. This is important when dealing with elderly patients who require frequent repositioning to prevent complications such as pressure ulcers.

•  The ease of use of electric beds helps in providing better care with less effort. In many countries such as the U.S., Japan, and India governments are implementing policies and providing funding to improve elderly care facilities. This support includes investments in advanced medical equipment, including electric beds, to ensure better care for the aging population. The need for improved patient comfort, safety, and care efficiency drives the aging population's increasing demand for electric beds. As the global population continues to age, the demand for these advanced beds is expected to grow, further fueled by technological advancements and supportive healthcare policies.

Technological Innovations in Electric Beds

• Technological innovations in hospital electric beds have significantly enhanced patient care and the efficiency of healthcare providers. Modern electric beds come with integrated sensors and connectivity features that monitor patient movements, vital signs, and bed occupancy. These smart beds can alert healthcare providers to changes in a patient's condition, reducing the risk of complications such as pressure ulcers or falls. Advanced electric beds offer automated positioning systems that can adjust the bed's height, backrest, and leg rest based on predefined settings or in response to patient needs. This automation improves patient comfort and reduces the physical strain on caregivers.

• Many electric beds are now equipped with integrated communication systems, allowing patients to call for assistance easily. These systems can connect directly to a hospital's nurse call system, ensuring timely responses to patient needs. To prevent pressure ulcers, electric beds include pressure redistribution systems such as alternating pressure mattresses or low-air-loss surfaces. These technologies help to distribute a patient's weight and reduce pressure points evenly. To enhance patient safety, modern electric beds feature advanced bed exit alarms that detect when a patient is attempting to leave the bed. These alarms can notify caregivers immediately, reducing the risk of falls. For instance, Advanced Instrumentations, a U.S.-based high-quality advanced medical instruments manufacturer, has B-2000 Pro, an electric hospital bed with a patient exit alarm.

Key Initiatives & their Impact on Electric Bed Market

• In January 2024, Joerns Healthcare has made a significant announcement: They have launched updated models for their popular EasyCare and UltraCare beds, which are renowned in the market for their advanced features.

  • Impact: The launch of Joerns Healthcare’s updated EasyCare and UltraCare beds is poised to have a significant impact on the electric hospital bed market. It is expected to drive competition, stimulate market growth, set new technological benchmarks, and enhance patient care. The initiative highlights the importance of continuous innovation and quality improvement in maintaining a competitive advantage in the healthcare industry.

• In February 2023, Stryker's launch of SmartMedic is a significant development in the Indian healthcare industry. By introducing the first ICU bed upgrade platform, they've addressed a critical need for enhancing patient care and caregiver safety.

  • Impact: Stryker’s initiative positions the company as one of the leaders in technological innovation within the electric bed market. This can drive competitors to accelerate their own research and development efforts, leading to overall market innovation. The introduction of advanced features sets new standards for ICU beds, pushing the market towards smarter bed solutions.

• In August 2022, Dozee and Midmark India have partnered to create a smart hospital bed for non-ICU settings. The bed includes Dozee's AI-powered sensor technology, which continuously monitors patients' vital signs, including heart rate, respiration, temperature, oxygen levels, and ECG, without physical contact. This information is used to trigger early warning alerts for healthcare providers, enabling timely interventions.

  • Impact: The ability to constantly monitor vital signs and trigger early warnings for healthcare providers will enhance patient safety. This proactive approach can prevent complications, reduce hospital readmissions, and improve overall patient outcomes. However, Dozee and Midmark India's introduction of smart beds will create competitive pressure on other manufacturers to innovate. To stay relevant in the market, competitors need to incorporate similar technologies or develop new features, fostering a culture of continuous innovation.

Demographic Overview

• Adults use Long Term Care (LTC) nursing facilities for a variety of reasons, primarily related to health and daily living needs that cannot be adequately managed at home. Many adults in LTC facilities have chronic health conditions such as diabetes, heart disease, arthritis, and respiratory diseases that require continuous medical attention and care. Facilities provide skilled nursing care for conditions that require regular medical intervention, monitoring, and management. After hospitalization for surgery, illness, and injury, many adults require short-term rehabilitation before returning home.

• LTC facilities offer specialized care and rehabilitation services. LTC facilities need beds that offer maximum comfort and care, especially for residents with limited mobility and chronic conditions. Electric beds provide features such as adjustable height, backrests, and leg rests, which enhance patient comfort. High-quality electric beds are durable and have lower long-term maintenance costs. It makes them a good investment for LTC facilities, contributing to the overall growth of the market. As per U.S. and Global Approaches to Financing Long-Term Care, more than one-third of U.S. adults expected to use long-term care nursing facilities, which can cost more than USD 100,000 a year.

Long-term care (LTC) facility financing can significantly contribute to the growth of the electric hospital bed market. LTC facilities operate on tight budgets, and financing options can provide the necessary capital to invest in advanced electric hospital beds. With more funds available, facilities can upgrade their equipment, improving patient care and attracting more residents. Access to government grants, private loans, and other financing options can make it easier for LTC facilities to allocate funds specifically for purchasing modern electric beds. LTC facilities primarily cater to older people, many of whom have chronic conditions, mobility issues, or require long bed rest.

Electric beds are essential in providing the necessary support and comfort for these patients. Electric beds allow for frequent adjustments to patient positioning, which is necessary to prevent bedsores and improve circulation in bedridden patients. Electric beds are widely used in ICU and non-ICU settings for their ability to provide comprehensive care and support to patients with varying needs. Residents in nursing homes require beds that can be adjusted for comfort and medical care. Electric beds are critical in these settings for patient comfort and ease of care delivery. Many elderly and disabled individuals prefer to receive care at home. Electric beds facilitate home care by providing the necessary adjustments and support that these individuals need.