Americas hospital bed market is expected to grow during the forecast period (2018–2023) at a Growing CAGR of ~7.6%.
Hospital beds are specially designed for patients and to provide them comfort and security during the treatment period. Hospital beds are made according to the need and convenience of patients as well as medical staff. Hospital beds are adjustable and provide basic features such as height adjustment, adjustable sides, adjustable railings, and electric supply to both sides. The increasing prevalence of chronic diseases, rising occurrences of trauma and accidental injuries, and rising investments in healthcare are expected to drive the growth of the market. Moreover, rising healthcare expenditure and growing geriatric population contribute to the growth of the market. According to the Population Reference Bureau, the number of Americans aged 65 and older is projected to be more than double from 46 million in 2015 to over 98 million by 2060.
The rising cost of specialty beds and a declining number of beds in public hospitals may hamper the growth of the market during the assessment period.
Some of the key players in the Americas hospital bed market are Arjo Huntleigh (Division of Getinge AB), Paramount Bed Holdings Co., LINET Group, Stryker Corporation, Joh. Stiegelmeyer GmbH & Co. KG, Hill-Rom Services, Inc., Medline Industries, Invacare Corporation, Joerns Healthcare LLC., Span-America Medical Systems, Inc., Savion Industries Ltd., and Gendron, Inc.
The hospital beds market has been segmented based on type, automation, treatment, and end-user.
Based on type, the market has been classified as pressure relief beds, general purpose beds, birthing beds, bariatric beds and pediatric beds, and others.
The automation segment has been divided into manual hospital beds, power hospital beds, and others. Power hospital bed has been segmented into fully electric and semi-electric.
According to treatment, hospital beds have been classified into beds for long-term care, acute care, and critical care.
The market, by end-user, has been segmented into hospitals and clinics, nursing homes, elderly care facilities, maternity homes, and others.
The Americas is likely to show a prominent growth in the hospital beds market during the forecast period market owing to the rising prevalence of chronic diseases in the aging population, increase in the number of surgical procedures, the presence of a well-established healthcare system, government initiatives and favorable regulatory policies, and adoption of highly advanced technology. According to the National Council on Aging, about 80 percent of the older adults have at least one chronic disease and 68 percent have at least two.
Based on region, the Americas is divided into North America and South America. The North American region consists of the US and Canada. The presence of a well-established economy in North America is expected to contribute to the market growth. South America consists of Argentina, Brazil, Chile, and the rest of South America.
The North American region is likely to dominate the hospital beds market in the American region due to a well-established healthcare sector and favorable policies. The factors such as growing presence of hospitals and healthcare centers in the North American region, increasing adoption of new technologies in the healthcare sector, and government initiatives for development of healthcare facilities boost to the growth of the market. According to the Centers for Medicare and Medicaid Services (CMS), an average person in the US spends more than USD 11,500 per year on healthcare and the total spending of the Americas is around USD 3.9 trillion. Majority of the population (around 90%) takes benefit of the insurance system, due to favorable reimbursement policies which directly impacts the hospital beds market positively.
Source: MRFR Analysis
Americas Hospital Bed Market, by Type
Americas Hospital Bed Market, by Automation
Americas Hospital Bed Market, by Treatment
Americas Hospital Bed Market, by End-User
Americas Hospital Bed Market, by Region