Fully automatic electric beds segment by product is estimated to lead the market growth during the forecast period

According to a new market research study of “South and Central AmericaElectric Beds Market Forecast to 2027 - COVID-19 Impact and Regional Analysis byProduct, Application, End User and Country.” The South and Central America electric bed market is expected to reach US$ 135.63 million in 2027 from US$ 68.57 million in 2019. The market is estimated to grow with a CAGR of 8.3% from 2020 to 2027.The report highlights trends prevailing in the South and Central Americaelectric beds market and the factors driving market along with those that act as hindrances.

Based on product, the electric bed market is segmented into semi-automatic electric beds and fully automatic electric beds. The semi-automatic segment held the largest share of the market in 2019. However, the fully automatic electric beds segment is estimated to register the highest CAGR in the market during the forecast period.Electric beds allow adjusting both upper and lower body positions as well as the height of the bed. They help in dealing with a variety of medical issues and exponentially increase comfort. Rising prevalence of chronic diseases such as cancer, cardiovascular disease (CVD), and diabetes escalate the demand for electric beds. Also, the patients in higher stages of cancer lose their ability to perform various physiological tasks on their own, and electric beds assist healthcare staff looking after such patients. According to a report presented by the International Cancer Research Center (IARC) at Globocan 2016, 20% of men and women in Argentina develop some type of cancer during their life. Thus, the increasing prevalence of chronic diseases is driving the growth of the South and Central America electric bed market. Also, the rising number of hospitals and clinics across South and Central America would boost the market growth during the forecast period.

The growth of the South and Central Americaelectric beds market is attributed to key driving factors such as rise in number of chronic diseases, increasing number of hospitals and clinics and increase in number of public-private partnership in healthcare industry. However, the steep prices of electric beds and reduction in average length of hospital stays by population are likely to hinder the market growth.

Arjo Medical Devices, Hill Rom Holding Inc. and Medline Industries, Incare among the leading companies operating in theSouth and Central America electric beds market.

The report segments in South and Central AmericaElectric BedsMarket as follows:

By Product

• Semi-Automatic Electric Bed
• Fully-Automatic Electric Bed

By Application

• General Bed
• Intensive Care Bed
• Bariatric Bed
• Birthing Bed

By End User

• Hospitals and Clinics
• Dentistry
• Others

By Country

• Brazil
• Argentina
• Rest of South and Central America