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.

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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.

Detailed Segmentation:

• U.S. Hospital Beds Market, By Type:

  • Electric Beds

  • Semi-electric Beds

  • Manual Beds

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.

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.

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The Global Hospital Beds Market was valued at US$ 3.1 billion in 2017 and is expected to witness a robust CAGR of 6.2% over the forecast period (2017 – 2025). Hospital Beds are designed for hospitalized patients or for the patients who need healthcare services. Hospital beds provide numerous facilities, such as adjustable height, electronic buttons to operate in case of emergency, and provides patients with comfort and ease while getting treatment. Household beds are difficult to maintain for longer period whereas, hygiene and cleanliness are not maintained properly.

Hospital beds can be set to any inclination or reclined as per the patient’s condition or comfort. In addition, hospitals beds are also custom made for various patient or medical institution setting, such as pediatric beds, psychiatry beds, outpatient beds, bariatric beds, maternity beds, terminal patient beds, ambulatory, and intensive care unit beds. Many modern hospital beds have the provision of electrical assistance for movement as well as for patient monitoring. It also allows patients to adjust the height without the help of caretaker.

Market Dynamics

Hospital bed market is primarily driven by growing geriatric population, as they are more susceptible to the disease and require frequent hospitalization. Hence, growing geriatric population is expected to favor the growth of hospital bed market. Growing prevalence of chronic disease and investments by hospitals on infrastructural development is expected to drive the growth of the market. Technological advancement for ICU beds is expected to contribute to the growth of the market. For instance, Stryker’s InTouch, critical care bed is the first high acuity care bed, which provide advance technology, back smart ergonomics, and control all bed functions with an easy operating touch screen interface.

Increasing healthcare spending on hospital infrastructure is expected to drive the sales of hospital beds worldwide

Many of the hospitals have shifted their capital funds towards the hospital infrastructure, which is mainly seen in private hospitals. Improving healthcare amenities along with increasing spending in healthcare is expected to boost growth of hospitals beds market globally. Increasing number of geriatric population and need for their treatment is expected to fuel the growth of hospital bed market over the forecast period. The number of hospital beds are very less in emerging economies. For instance, in India, according to World Bank data, 2011, the hospital beds were recorded to be 0.9 beds per 1,000 population. According to Eurostat 2015, Europe hospitals accounted for the highest share of current healthcare expenditure and public funding in the form of general government and social security funds, which dominates the healthcare sector in the majority of European Member States.

Advance technology in hospital beds is expected to boost the market growth

Market players are developing advance technological beds that provide safety and comfort to the patient when admitted. For instance, Hill-Rom have developed advanced bariatric care, The Compella Bariatric Bed, which provides the latest advancement in bariatric care and it also provides safety, which helps to overcome barriers to streamline workflow. Stryker’s InTouch, a critical care bed is the first high acuity care bed, which provide advance technology, back smart ergonomics, and control all bed functions with an easy operating touch screen interface. It also provides better bedside data, which prevent adverse events. Thus, the advance technology and additional features implemented by manufacturer in hospital bed are expected to support the market growth over the forecast period.

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Some major players operating in the hospital beds market include Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, and Midmark Corporation.

Hospital beds are designed for hospitalized patients or for the patients who need healthcare services as well as for the convenience of their caretaker. Hospital beds provide numerous facilities, such as adjustable height, electronic buttons to operate in case of emergency, and provides patients with comfort and ease while getting treatment.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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