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Americas Hospital Bed Market Share

ID: MRFR//0145-HCR | 85 Pages | Author: Kinjoll Dey| December 2024

The Americas Hospital Bed Market, a vital sector of the health care industry, employs a variety of strategies to gain a competitive edge. This enables them to maintain a competitive edge. Acquiring knowledge of these strategies is critical for individuals engaged in this dynamic market.
Organizations diligently strive to distinguish their hospital beds through the incorporation of novel attributes, advancements in technology, and patient comfort improvements. Variable bed heights and specialized mattress materials assist in attracting hospitals' attention to superior solutions.
Establishing a reputation for producing dependable and high-quality hospital cots is a fundamental objective. Owing to adherence to business regulations and certifications fosters the confidence of physicians. This compels them to select beds that have a reputation for being sturdy and functional.
Certain market participants employ a cost-cutting strategy in order to provide hospital accommodations at reduced prices while maintaining quality standards. Saving money on production, transportation, and after-sales service increases its appeal to low-budget healthcare facilities.
An additional strategy for establishing a foothold in the healthcare industry is to identify and cater to niche small markets. This requires the construction of specialized hospital facilities for pediatric patients, large patients, and intensive care units. It addresses the distinct requirements of these categories and assumes significance in environments that require specialized medical attention.
Frequently, companies increase their market share by venturing cautiously into new markets. This may necessitate modifying products to conform to local preferences and regulations, thereby expanding the company's consumer base into untapped markets.
Collaborating with healthcare facilities, vendors, and other industry partners is a strategy for expanding market share. Friendships can facilitate access to new consumer segments and provide vital intelligence regarding evolving market demands.
Continual awareness of emerging technologies is critical in the hospital bed industry. Companies invest in research and development to incorporate intelligent components into their products. This involves the ability to monitor the product remotely or modify settings as necessary, thereby ensuring its compatibility with the digital health care that is currently a universal desire.
A shrewd method to make people happy is to provide helpful assistance after the sale, such as ensuring that items continue to function properly and honoring repair promises for broken items. This fosters enduring relationships with health care providers, which promotes positive word-of-mouth and recurrent business.
As the emphasis on sustainability increases, some companies attempt to demonstrate their concern for the environment by employing eco-friendly materials and manufacturing processes. This strategy increasingly establishes connections with healthcare facilities that are contemplating environmentally friendly initiatives. They also wish to contribute to society at large.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation   2022
Historical Data 2021
Forecast Period   2023-2030
Growth Rate  7.60%

Americas Hospital Bed Market Overview


Americas Hospital Bed Market Size was valued at USD 1.42 Billion in 2023. The Global Americas Hospital Bed industry is projected to grow from USD 1.54 Billion in 2024 to USD 2.70 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.45% during the forecast period (2024 - 2032). 


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.


Americas Hospital Bed Market


 


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.


Americas Hospital Bed Market Market Key Players


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.

  • Gendron, Inc.


Americas Hospital Bed Market Segment Insights


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.


Americas Hospital Bed Regional Insights


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.


Americas Hospital Bed Market Segmentation


Americas Hospital Bed Type Outlook



  • Pressure Relief Beds

  • General Purpose Beds

  • Birthing Beds

  • Bariatric Beds

  • Pediatric Beds

  • Others


Americas Hospital Bed Automation Outlook



  • Manual

  • Powered

  • Fully electric

  • Semi-electric

  • Others


Americas Hospital Bed Treatment Outlook



  • Long-Term Care

  • Acute Care

  • Critical care


Americas Hospital Bed End-User Outlook



  • Hospitals and Clinics

  • Nursing Homes

  • Elderly Care Facilities

  • Maternity Homes

  • Others


Americas Hospital Bed Region Outlook



  • Americas

  • North America

  • US

  • Canada

  • South America

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