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The market for hospital beds in the Americas is significantly influenced by factors such as the elderly population. The aging populations in North and South America are necessitating healthcare provisions, including hospital accommodations. This is continually expanding in size. This shift in age demographics has an immediate impact on the market, necessitating improved hospital accommodation options.
The expanding and evolving healthcare infrastructure significantly impacts the hospital bed market in the Americas. As nations invest in the improvement of their hospitals, an increasing number of individuals desire opulent hospital beds with an abundance of intelligent functions. This transition is particularly evident in major South American nations, the United States, and Canada.
The high prevalence of chronic diseases in the Americas necessitates an increased supply of hospital beds. Heart conditions, diabetes, and respiratory ailments frequently necessitate extended hospitalization. Therefore, we must ensure that there are sufficient mattresses equipped with amenities that promote comfort for the ailing. There is a high probability that the demand for specialized hospital accommodations will increase as more individuals develop chronic illnesses.
Rapid developments in health care benefit the market for hospital beds. They are innovative and make use of cutting-edge technology. Observing from a distance, adjusting settings to suit requirements, and utilizing devices all contribute to improved patient care. This promotes market expansion. Constantly, businesses strive to introduce innovative technologies to the market. They do this in order to maintain a competitive edge in a constantly evolving global landscape.
Hospital cots are undergoing modifications as patient care becomes an increasing priority in the healthcare industry. When developing products, manufacturers consider the preferences of patients regarding comfort, simplicity, and travel. Beds that improve patients' comfort and contribute to a pleasant hospital experience are likely to be in greater demand.
In the Americas, the market for hospital beds is highly competitive among major corporations. In an effort to expand their product lines and geographic reach, numerous businesses acquire or merge with one another. This is an everyday occurrence in the present day. Conflict between businesses compels them to develop new products and establish prices, thereby altering the way in which markets function.
A growing number of individuals are beginning to prioritize environmental concerns when making decisions, including the purchase of hospital beds. Makers are increasingly encouraged to utilize natural materials and processes. Environmental consciousness and sustainability are gaining significant importance in the Americas when it comes to hospital bed production.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â 7.60% |
Americas Hospital Bed Market Highlights:
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.
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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