U.S. Hospital Bed Market to Witness 4.0% CAGR during 2023 – 2030, Attaining Market Size of USD 1.5 Billion by 2030

Published Date: Mar, 2024

The U.S. hospital bed market size is set to reach USD 1.5 Billion by 2030, observing a CAGR of 4.0% during the forecast period. The U.S. hospital bed market is driven by 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 an aging population also support the growth of the market in the country.

The U.S. has a large patient pool with chronic diseases who are prone to get hospitalized and require intensive care. Also, the geriatric population is more prone to 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.

U.S. Hospital Bed Market Segmentation and Key Players

Segment / Key Players

Categorization

Area of Use

Acute Care, Critical Care, and Long-Term Care

Type

General, Bariatric, Pediatric, Pressure Relief, Birthing, and Others

Power

Manual, Electric, and Semi-Electric

End-User

Hospitals, Elderly Care Facilities, and Home Care Settings

Key Players

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.

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Among different types of medical beds general beds hold the largest share in the U.S. hospital bed market and are also predicted to observe the highest growth in their market size. The demand for bariatric beds is also anticipated to increase considerably in the coming years due to the increasing prevalence of obesity in the country.

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

Of different power types of medical beds, manual beds hold the largest share of 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 the highest among all the countries across the globe, which illustrates the high affordability of electric beds in the country.

Hospitals are the largest end users of medical meds in the U.S. and its demand for 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 their current portfolio and distributor network to exploit the revenue growth opportunities in the country. In January 2017, Genting Group announced the expansion of its product portfolio of patient mobility products 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 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 2025-2030

  • General Beds
  • Bariatric Beds
  • Pediatric Beds
  • Pressure Relief Beds
  • Birthing Beds
  • Others

Area of Use Insight and Forecast 2025-2030

  • Acute Care
  • Critical Care
  • Long Term Care

Power Insight and Forecast 2025-2030

  • Electric Bed
  • Semi-Electric Bed
  • Manual Bed

End-User Insight and Forecast 2025-2030

  • Hospitals
  • At Home Care
  • Elderly Care