Us hospital beds market

U.S. Hospital Beds Market, by Product 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 (Home Care Settings, Hospitals, Elderly Care Facilities, Ambulatory Surgical Centers, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Mar 2022
CMI996
120 Pages
Excel & Pdf
Medical Devices

Summary

Hospital beds are specially designed for patients to provide them with extra comfort, relief, and convenience during the time of hospitalization. These beds are a crucial component of the healthcare infrastructure and commonly used during examinations, diagnosis of disease, treatment, and transportation of a patient. There are majorly three types of hospital beds including manual bed, semi-electric bed, and fully-electric bed. Manual beds are moved and adjusted using a hand crank whereas semi-electric beds have the capability to raise and lower the head and foot position automatically. However, the latter requires manual support to adjust the height of the bed. Electric beds, on the other hand, are fully automated which can be moved using a button connected to an electric outlet.

Hospital beds are available based on the type of patient and treatment, which include psychiatric, pediatrics, maternity, outpatient, bariatric, ambulatory, and intensive care unit (ICU) beds.

The U.S hospital beds market is estimated to be valued at US$ 1,145.4 million in 2022 and expected to exhibit a CAGR of 5.8 % over the forecast period (2022-2030)

Figure 1. U.S Hospital Beds Market Share (%), By Product Type, 2022

The increasing hospitalization of patients is expected to drive the U.S hospital beds market growth over the forecast period.

For instance, according to the American Hospital Association, total admissions in all U.S hospitals were 36,241,815 in 2019.

Increasing geriatric population is expected to drive the market growth over the forecast period.

For instance, in the U.S, according to U.S Census Bureau, the total population aged 65 and older was 54.1 million in 2019 and they represented 16% of the population, more than one in every seven Americans.

U.S Hospital Beds Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 1,145.4 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2023 to 2030
Forecast Period 2022 to 2030 CAGR:	5.8%	2030 Value Projection:	US$ 1,801.4 Mn
Geographies covered:	U.S.
Segments covered:	By Product Type: Electric Beds, Semi-Electric Beds, Manual Beds By Usage: Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, Others By Application: Intensive Care Beds, Non-Intensive Care Beds By End User: Home Care Settings, Hospitals, Elderly Care Facilities, Ambulatory Surgical Centers, Others
Companies covered:	Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Stryker Corporation, Paramount Bed Co. Ltd., Medline Industries, Inc., and LINET Group SE
Growth Drivers:	Increasing hospitalization of patients Increasing geriatric population Increasing product launches and approvals
Restraints & Challenges:	Rising cost of advanced beds

Increasing product launches and approvals are expected to drive the market growth over the forecast period.

For instance, in October 2020, Stryker, one of the world’s leading medical technology companies, had launched the industry’s first and only completely wireless hospital bed, ProCuity. This intelligent bed was designed to help reduce in-hospital patient falls, improve nurse workflow efficiencies and safety, and lower hospital cost.

Figure 2. U.S Hospital Beds Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2030

U.S Hospital Beds Market – Impact of Coronavirus (COVID-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the WHO, over 63,397,935 cases due to coronavirus disease (COVID-19) were reported till January 12, 2022, in the United States.

Due to the COVID-19, the number of patients getting admitted to hospitals rose drastically, which has subsequently increased the demand for hospital beds. Furthermore, the increasing prevalence of various medical ailments such as cancer and cardiovascular diseases (CVDs) is driving the demand for hospital beds.

For instance, according to the Centers for Disease Control and Prevention (CDC), the 7-day daily average of hospitalization for January 5, 2022 to January 11, 2022 was 20,637, indicating a 24% increase from the prior 7-day average (16,571) from December 29, 2021 to January 4, 2022.

U.S Hospital Beds Market: Restraint

The rising cost of advanced beds is expected to hinder the growth of the U.S hospital beds market over the forecast period.

Key Players

Major players operating in the U.S hospital beds market include Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Stryker Corporation, Paramount Bed Co. Ltd., Medline Industries, Inc., and LINET Group SE.

Table of Content

Table of Contents

*Browse 10 market data tables and 24 figures on "U.S. Hospital Beds Market - forecast to 2030”.

Segmentation

Detailed Segmentation:

U.S. Hospital Beds Market, By Product 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:
- Home Care Setting
- Hospitals
- Elderly Care Facilities
- Ambulatory Surgical Centers
- Others

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the U.S hospital beds market during the forecast period (2022-2030)?

The U.S hospital beds market is estimated to be valued at US$ 1,145.4 million in 2022 and expected to exhibit a CAGR of 5.8% between 2022 and 2030.

What are the major factors driving the market growth?

The increasing hospitalization of patients is expected to drive the market growth over the forecast period.

Which is the leading product type segment in the market?

Electric beds are expected to hold a major market share, owing to the growing obesity rate. For Instance, according to Centers for Disease Control and Prevention, the U.S obesity prevalence was 42.4% in 2017-2018.Moreover, presence of favorable reimbursement policies. For instance, Medicare provides a reimbursement of 7.5% on the purchase of a new electric bed which can be used in homecare setting.

What are the key factors hampering the growth of the market?

Major factors hampering the growth of the market include the rising cost of advanced beds.

Which are the major players operating in the U.S?

Major players operating in the market include Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Stryker Corporation, Paramount Bed Co. Ltd., Medline Industries, Inc., and LINET Group SE.