U.S. Hospital Beds Market by Type (Electric Beds, Semi-electric Beds, and Manual Beds), by Usage (Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, and Others), by Application (Intensive Care Beds and Non-intensive Care Beds), and by End User (Hospitals, Home Care Settings, Elderly Care Facilities, Ambulatory Surgical Centers and Others) - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
- Report code : CMI4996 |
- Industry :
Medical Devices
- Published On : Nov 2017 |
- Pages : 120 Pages |
- Format :
U.S. Hospital Beds Market Driven By Increasing Chronic Diseases Needs Longer Hospital Stay
Hospitals beds are used for proper patient care in various settings, such as elderly care facilities, home care settings, ambulatory surgical centers, and hospitals. Hospital beds are comfortable than household beds as they are versatile in terms of inclination and reclined as per the patient condition. Household beds are difficult to clean and maintain hygiene for longer period of time. Moreover, hospital beds can be easily cleaned and are simple to maintain hygiene. Advancement in hospital beds leads to the development of electric bed and semi-electric bed, which is cutting the edge of need of medical assistance and nurses for patient monitoring. These are known as electrical/powered hospital beds. They are suitable for the patient’s requirement of a particular resting position. Hospital beds are comprised for many applications, such as psychiatry beds, pediatric beds, outpatient beds, maternity beds, bariatric beds, terminal patient beds, ambulatory, and intensive care unit beds. Furthermore, maternity beds are specially designed for obstetricians and expectant mothers for their comfort. Electric and semi-electric hospital beds are well equipped with foot rest, locomotion system, and wheel assisted mobility system. Besides, manual beds are helpful in setting where the electric embedded system is not consistent. However, electronic beds are expensive than manual beds, needs constant maintenance.
The U.S. hospital beds market is estimated to be valued at US$ 903.3 Mn in 2017 and is expected to witness a CAGR of 5.9% during the forecast period (2017 – 2025).
Figure 1. Hospital Beds Market Share (%), By Country, 2017
Source: Coherent Market Insights (2017)
Factors such as rising number of road accidents, sports injuries, and associated chronic infections mainly needs a surgery, which will drive growth in the hospital beds market in the U.S. For instance, according to World Health Organization (WHO), 2017, road traffic injuries are the leading cause of death among people aged between 15 and 29 years. High cases of bed-ridden and traumatic brain injury-related emergency patients demands longer hospital stays, in turn raising the demand for the hospitals beds, which is expected to propel the immense growth of the U.S. hospital beds market over the forecast period.
For instance, according to the Centers for Disease Control and Prevention (CDC), in 2013, around 2.8 million traumatic brain injury-related emergency department (ED) hospitalizations, visits, and deaths were estimated in the U.S. Traumatic brain injury estimated around 282,000 hospitalizations and around 2.5 million reported emergency department visits in the U.S. According to the data of CDC, it represents high prevalence of traumatic brain disorders, which requires constant care and longer hospital stays which in turn increase demand for hospital beds. This will fuel the growth of the U.S. hospital beds market over the forecast period.
Initiatives taken by the U.S government and healthcare organizations for proper disease management requiring long stay in hospital is expected to witness the growth of the U.S hospital beds market
In October 2017, U.S. navy’s hospital ship named USNS Comfort, designed a bed to treat people in disaster strike. The USNS comfort ship has 1,000 patient beds, which includes 80 intensive care bed and 12 operating rooms for both civilian and military. Furthermore, to improve healthcare facilities for the maximum patient outcome, Highmark has announced to build 160-bed hospital in Pine Township. Highmark is intended to provide affordable healthcare service in the U.S. Highmark is expected to get regulatory approval in mid-2018 and project completion in 2021. Thus, this portfolio aims to improve healthcare service for better treatment management, which is expected to boost the growth of U.S. hospital beds market growth over the forecast period.
Hospital beds are serving the purpose of patient care in various medical institution and residences. Hospital beds are versatile and robust, in terms of ease to clean, maintenance as compared to household bed for a longer period of time. Hospital beds can be set to any inclination as per the patient’s comfort with the help of levers fixed to the beds. Moreover, most of the modern hospitals provide electric and semi-electric beds, which cut down the need of medical assistance for patient monitoring as well as movement. Hospital beds are conventionally used in various patient care settings, such as intensive care unit beds, psychiatry beds, ambulatory, pediatric beds, terminal patient beds, outpatient beds, bariatric beds, and maternity beds.
Market Dynamics
The U.S. hospital bed market is gaining significant traction due to rising geriatric population associated diseases. For instance, according to Population Reference Bureau (PRB), in 2016, around 46 million people were aged 65 years and older in the U.S. and by 2060 population is predicted to be 98 million. Geriatric population is more susceptible to infections, which raises the demand for public health system to increase the number of beds in the hospitals. This is expected to boost the growth of the U.S. hospital bed market over the forecast period. Furthermore, in October 2017, Highmark Health announced to build a new 160-bed hospital in Pine Township (U.S.). Highmark aims to make healthcare more affordable. This new hospital is expected to get regulatory approval in mid-2018 and complete by 2021. Thereby, a major step by Highmark Health to improve healthcare facilities for patient’s comfort is expected to stimulate the U.S. hospital bed market growth over the forecast period. However, advancement in the biopharmaceuticals may hamper the U.S. hospital bed market growth.
Key features of the study:
- This report provides in-depth analysis of the S. Hospital Beds Market and its device type, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period: 2017 – 2025, considering 2017 as the base year.
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
- It profiles leading players in the S. Hospital Beds Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans.
- Key companies covered as a part of this study include Hill-Rom Holdings, Inc, Carevel Medical Systems Private Limited, Getinge AB, Invacare Corporation, Stryker Corporation Linet spol S.r.o, Paramount Bed Co. Ltd., Meditech (India) pvt ltd, and Linet Group SE.
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics.
- The S. Hospital Beds Market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for the U.S. Hospital Beds Market, research and consulting firms, new entrants, and financial analysts.
- Various strategy matrices used in analyzing the S. Hospital Beds Market would provide stakeholders vital inputs to make strategic decisions accordingly.
Detailed Segmentation:
- U.S. Hospital Beds Market, By Type:
- Electric Beds
- Semi-electric Beds
- Manual Beds
- U.S. Hospital Beds Market, By Usage:
- Acute Care Beds
- Psychiatric Care Beds
- Long-term Care Beds
- Others
- U.S. Hospital Beds Market, By Application:
- Intensive Care Beds
- Non-Intensive Care Beds
- U.S. Hospital Beds Market, By End User:
- Hospitals
- Home Care Settings
- Elderly Care Facilities
- Ambulatory Surgical Centers
- Others
- Company Profiles
- Hill-Rom Holdings, Inc. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Carevel Medical Systems Private Limited
- Getinge AB
- Invacare Corporation
- Stryker Corporation Linet spol S.r.o.
- Paramount Bed Co. Ltd.
- Meditech (India) pvt ltd
- Linet Group SE
- Hill-Rom Holdings, Inc. *
“*” marked represents similar segmentation in other categories in the respective section
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Type
- Market Snippet By Usage
- Market Snippet By Application
- Market Snippet By End User
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- U.S. Hospital Beds Market, By Type, 2017 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 - 2025
- Segment Trends
- Electric Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Semi- electric Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Manual Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- U.S. Hospital Beds Market, By Usage, 2015 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 - 2025
- Segment Trends
- Acute Care Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Psychiatric Care Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Long-term Care Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- U.S. Hospital Beds Market, By Application, 2015 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 - 2025
- Segment Trends
- Intensive Care Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Non-Intensive Care Beds
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- U.S. Hospital Beds Market, By End User, 2017 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-O-Y Growth Analysis, 2015 - 2025
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Elderly Care Facilities
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Hill-Rom Holdings, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Carevel Medical Systems Private Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Getinge AB
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Invacare Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Stryker Corporation Linet spol S.r.o
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Paramount Bed Co. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Meditech (India) pvt ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 20 market data tables and 12 figures on "U.S. Hospital Beds Market” - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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