The U.S. hospital bed market size is set to reach USD 870.4 Million by 2024, observing a CAGR of 3.8% during forecast period. The U.S. hospital bed market is driven by the factors such as technological advancements, adoption of electric beds in ICUs, high prevalence of chronic diseases, and robust healthcare infrastructure. Moreover, high healthcare expenditure and aging population also support the growth of the market in the country.
The U.S. has large patient pool with chronic diseases who are prone to get hospitalized and require intensive care. Also, the geriatric population is more prone in the chronic diseases, leading to the growth in the U.S. medical bed industry. For instance, as per the U.S. Census Bureau’s 2017 National Population Projections, all baby boomers will be older than age 65 by 2030 in the U.S. This will expand the size of the older population so that 1 in every 5 residents will be of retirement age.
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Among different types of medical beds 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. The demand for bariatric beds is also anticipated to increase considerably in the coming years due to increasing prevalence of obesity in the country.
Of all types of area of use, 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.
Of different power type of medical beds, the manual beds hold he largest share in the hospital bed market. 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.
Hospitals are the largest end users of medical meds in the U.S. and its 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. owing to the aging population.
Different industry players are investing to increase its current portfolio and distributor network to exploit the revenue growth opportunities in the country. In January 2017, Gentinge Group announced the expansion of its product portfolio of patient mobility product in the U.S.by the launch of Total Lift Bed from VitalGo Systems. The group’s ArjoHuntleigh brand is the exclusive U.S. distributor of the Total Lift Bed in the acute and long-term acute care settings.
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.
U.S. Hospital Bed Market Coverage
Type Insight and Forecast 2014-2024
Area of Use Insight and Forecast 2014-2024
Power Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024