Status : Published Published On : Jul, 2021 Report Code : VRHC1191 Industry : Healthcare Available Format : Page : 102
2021
2027

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.

U.S. Hospital Bed Market Highlights

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

Report Metric

Details

Historical Period

2015–2020

Base Year Considered

2021

Forecast Period

2021 - 2027

Market Size in 2021

$xxx.x Million

Revenue Forecast in 2030

$970.4 Million

Growth Rate

CAGR 4.0%

Segments Covered in the Report

By Type, By Area of Usage , By Power and By End-User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

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

U.S. Hospital Bed Market Size

Frequently Asked Questions

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.
Electric beds offer automatic patient position adjustments, pressure relief and improved sleep to the patient; therefore, leading to the high traction in the market.
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.
On the basis of power, the market is categorized into manual, electric, and semi-electric beds.
On the basis of area if use, the market is categorized into acute care, critical care, and long-term care.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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