U.S. Hospital Bed Market – Analysis and Forecast (2021-2027)

Industry Insights by Area of Use (Acute Care, Critical Care, and Long-Term Care), by Type (General, Bariatric, Pediatric, Pressure Relief, Birthing, and Others), by Power (Manual, Electric, and Semi-Electric), and by End-User (Hospitals, Elderly Care Facilities, and Home Care Settings)

Industry Overview

The U.S. hospital bed market is expected to grow at a CAGR of 4.0% during the forecast period with its market size predicted to reach USD 970.4 million by 2027. The U.S. hospital bed market is primarily driven by the technological advancements, adoption of electric beds in ICUs, high prevalence of chronic diseases, and robust healthcare infrastructure in the region. Bariatric beds and general beds are contributing significantly to the U.S. medical bed revenue due to the high prevalence of obesity and increasing lifestyle associated diseases.

The key trend in the U.S. medical bed industry is the development and adoption of fully electric beds. Various studies have shown an adverse impact on the nursing community and patient care takers due to the difficulties faced during the positioning of critically ill patients, resulting in the injury to nurses, doctors and patient itself. Electric beds offer automatic patient position adjustments, pressure relief and improved sleep to the patient; therefore, leading to the high traction in the market.

Market Segmentation

Insight by Area of Use

On the basis of area if use, the market is categorized into acute care, critical care, and long-term care. Of all, critical care and long-term care medical beds are anticipated to witness the higher growth when compared to the acute care beds. This is primarily due to the increasing geriatric population, and high prevalence of chronic diseases including cancer and cardiovascular disorders.

Insight by Type

Different types of medical beds are general, bariatric, pediatric, pressure relief, birthing, and others. The general beds hold the largest share in the U.S. hospital bed market and is also predicted to the observe the highest growth in its market size, primarily due to the low cost of these beds.

Insight by Power

On the basis of power, the market is categorized into manual, electric, and semi-electric beds. Among the different types of power, the manual beds are estimated to account for the largest share in the hospital bed market in 2020. The demand for electric beds is predicted to be the highest in the country as the U.S. healthcare expenditure is highest among all the countries across the globe, which illustrates high affordability of electric beds in the country.

Insight by End-User

The primary end users of medical beds in the U.S. are hospitals, elderly care facilities, and home care settings. Among all end users, the hospitals are estimated to account for the largest share of the U.S. hospital bed market size in 2020. The demand of medical beds is anticipated to remain the largest in the hospitals as most of the inpatient care is provided by the public and private hospitals.

The fastest growing demand for medical beds is witnessed by the elderly care facilities in the U.S. as the proportion of elderly population has increased significantly over the years. The government encourage and provide incentives to the elderly care facilities for their contribution in the healthcare for geriatric population.

U.S. Hospital Bed Market Report Coverage

Industry Dynamics

Growth Drivers

Different factors driving the U.S. hospital bed market are technological advancements, adoption of electric beds in ICUs, high prevalence of chronic diseases, and robust healthcare infrastructure in the region. The U.S. spends a significant portion of its GDP over healthcare which leads to the developed infrastructure in the country. For instance, as per the U.S. National Health Expenditure Accounts (NHEA), U.S. health care expenditure increased 3.9 percent in 2017, reaching USD 3.5 trillion or USD 10,739 per person, amounting 17.9% of the country’s GDP. Also, the increasing technological advancements and development of portable patient monitoring devices have led an increase in the demand for medical beds for providing home care.

Challenges

The high healthcare cost, affordability of electric beds are the major challenges faced by the U.S. hospital bed industry. The high cost in research and development leads to the high cost of electric beds thus decreasing its affordability to some extent.

Competitive Insight

Some of the key players operating in the U.S. medical bed industry are Stryker Corporation, Getinge Group, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Amico Corporation, Midmark Corporation, Linet Spol. S.R.O and Antano Group S.R.L.

The U.S. Hospital Bed Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.

• By Type
  • General Beds
  • Bariatric Beds
  • Pediatric Beds
  • Pressure Relief Beds
  • Birthing Beds
  • Others
• By Area of Use
  • Acute Care
  • Critical Care
  • Long Term Care
• By Power
  • Electric Bed
  • Semi-Electric Bed
  • Manual Bed
• By End-User
  • Hospitals
  • At Home Care
  • Elderly Care

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview 

    1.1. The Report Offers
    1.2. Market Coverage
        1.2.1. By Type
        1.2.2. By Area of Usage
        1.2.3. By Power
        1.2.4. By End-User
    1.3. Research Phases
    1.4. Limitations
    1.5. Market Size Estimations and Forecast
        1.5.1. Data Sources
            1.5.1.1. Primary Research
            1.5.1.2. Secondary Research
        1.5.2. Methodology
            1.5.2.1. Data Exploration
            1.5.2.2. Forecast Parameters
            1.5.2.3. Data Validation
            1.5.2.4. Assumptions
        1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

    3.1. By Type
        3.1.1. General Beds
        3.1.2. Bariatric Beds
        3.1.3. Pediatric Beds
        3.1.4. Pressure Relief Beds
        3.1.5. Birthing Beds
        3.1.6. Others 
    3.2. By Area of Usage
        3.2.1. Acute Care
        3.2.2. Critical Care
        3.2.3. Long Term Care
    3.3. By Power
        3.3.1. Electric Bed
        3.3.2. Semi-Electric Bed
        3.3.3. Manual Bed
    3.4. By End-User
        3.4.1. Hospitals
        3.4.2. At Home Care 
        3.4.3. Elderly Care

4. Industry Overview

    4.1. Industry Dynamics
        4.1.1. Market Growth Drivers
        4.1.2. Market Growth Restraints
        4.1.3. Key Market Trends
        4.1.4. Major Opportunities
    4.2. Industry Ecosystem
        4.2.1. Porter’s Five Forces Analysis
        4.2.2. Strategic Development Analysis
        4.2.3. Value Chain Analysis
    4.3. Competitive Insight
        4.3.1. Competitive Position of Industry Players
        4.3.2. Market Attractive Analysis

5. U.S. Market Estimate and Forecast

    5.1. By Type
    5.2. By Area of Usage
    5.3. By Power
    5.4. By End-User

6. Company Profiles

    6.1. Stryker Corporation
        6.1.1. Snapshot
        6.1.2. Overview
        6.1.3. Offerings
        6.1.4. Financial Insight
        6.1.5. Recent Developments
    6.2. Medline Industries, Inc.
        6.2.1. Snapshot
        6.2.2. Overview
        6.2.3. Offerings
        6.2.4. Financial Insight
        6.2.5. Recent Developments
    6.3. Invacare Corporation
        6.3.1. Snapshot
        6.3.2. Overview
        6.3.3. Offerings
        6.3.4. Financial Insight
        6.3.5. Recent Developments
    6.4. Paramount Bed Holdings Co., Ltd.
        6.4.1. Snapshot
        6.4.2. Overview
        6.4.3. Offerings
        6.4.4. Financial Insight
        6.4.5. Recent Developments
    6.5. Getinge Group
        6.5.1. Snapshot
        6.5.2. Overview
        6.5.3. Offerings
        6.5.4. Financial Insight
        6.5.5. Recent Developments
    6.6. Hill-Rom Holdings, Inc.
        6.6.1. Snapshot
        6.6.2. Overview
        6.6.3. Offerings
        6.6.4. Financial Insight
        6.6.5. Recent Developments
    6.7. Merivaara Corp.
        6.7.1. Snapshot
        6.7.2. Overview
        6.7.3. Offerings
        6.7.4. Financial Insight
        6.7.5. Recent Developments
    6.8. Amico Corporation
        6.8.1. Snapshot
        6.8.2. Overview
        6.8.3. Offerings
        6.8.4. Financial Insight
        6.8.5. Recent Developments
    6.9. Midmark Corporation
        6.9.1. Snapshot
        6.9.2. Overview
        6.9.3. Offerings
        6.9.4. Financial Insight
        6.9.5. Recent Developments
    6.10. Linet Spol. S.R.O
        6.10.1. Snapshot
        6.10.2. Overview
        6.10.3. Offerings
        6.10.4. Financial Insight
        6.10.5. Recent Developments
    6.11. Antano Group S.R.L
        6.11.1. Snapshot
        6.11.2. Overview
        6.11.3. Offerings
        6.11.4. Financial Insight
        6.11.5. Recent Developments
Note: Financial insight and recent developments are subject to availability of information in secondary domain.

7. Appendix

    7.1. Exchange Rates
    7.2. Abbreviations

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 U.S. Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 5 U.S. Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 6 U.S. Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 7 U.S. Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 8 U.S. Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 9 U.S. Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 10 U.S. Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 11 U.S. Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 12 Snapshot – Stryker Corporation
Table 14 Snapshot – Medline Industries, Inc.
Table 15 Snapshot – Invacare Corporation
Table 16 Snapshot – Paramount Bed Holdings Co., Ltd.
Table 17 Snapshot – Getinge Group.
Table 18 Snapshot – Hill-Rom Holdings, Inc.
Table 19 Snapshot – Merivaara Corp.
Table 20 Snapshot – Amico Corporation
Table 21 Snapshot – Midmark Corporation
Table 22 Snapshot – Linet Spol. S.R.O
Table 23 Snapshot – Antano Group S.R.L

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Executive Summary
Figure 9 U.S. Hospital Bed Market - Growth Drivers and Restraints
Figure 10 Porter’s Five Forces Analysis
Figure 11 Value Chain Analysis
Figure 12 Competitive Benchmark
Figure 13 U.S. Hospital Bed Market Highlight
Figure 14 U.S. Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 15 U.S. Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 16 U.S. Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 17 U.S. Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)