Market Research Future publishes a market reports related to the healthcare sector among others, recently forecasted in its report on Global Americas Hospital Bed Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR of 8.9% while achieving $3,280 million dollar growth readily in the forecast period.
A hospital bed is a bed specially designed for hospitalized patients or others in need of some form of health care services. These beds have special features both for the comfort and well-being of the patient and for the convenience of health care workers. Common features include adjustable height for the entire bed, the head, and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices. WHO defines a hospital bed as a bed that is regularly maintained and staffed for the accommodation and full-time care of a succession of in-patients. In-patient hospital care beds accommodate patients who are formally admitted (or ‘hospitalized’) to a hospital for treatment and/or care and who stay for a minimum of one night in the hospital. Beds in hospitals available for same day or day-care patient care are usually not included in figures for “total inpatient care beds”. Counts of total inpatient care beds refer to counts of “available beds”. Aging population acts as a major growth driver for the market.
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American market for hospital beds is expected to reach US$ 3,280 million in 2023 from US$ 2051 million in 2016 with a CAGR of approximately 8.9% during the forecast period 2016-2023.
Key Players for Americas Hospital Bed Market
Some of the key players in this market are: Invacare Corporation, Joerns Healthcare, Arjo Huntleigh (Division of Gentige AB), LINET Group, Joh. Stiegelmeyer GmbH & Co. KG, Stryker Corporation, Hill Rom Holding Inc., Paramount Bed Holdings Co., Medline Industries, Gendron, Inc., Span-America Medical Systems, Inc., and Savion Industries Ltd.
Segments for Americas Hospital Bed Market
America Hospital Bed market has been segmented on the basis of types which include Standard bed, annual bed, Hydraulic bed, and Electric Bed. On the basis of application which consists of Medical/Surgical bed, Critical Care bed, Maternity bed and others and on the basis of end users which includes Hospitals and Clinics, Nursing Homes and Maternity Homes and others
Regional Analysis for Americas Hospital Bed Market
On the basis of region, Americas market is divided into North America, Central America and South America. North America consists of U.S, Canada, Mexico and Rest of North America. North America is the largest market for Hospital Bed which is expected to grow at a CAGR of 6.3% and is expected to reach at US$ 17.5 million. Central America consists of Costa Rica, Panama and Rest of Central America and South America consists of Argentina, Brazil, Chile, and Rest of South America. U.S accounts for the largest market for hospital beds.
According to WHO, the U.S. population is projected to grow by 48% from 2000 to 2050, it is imperative that the supply of health care maintains pace with the increased demand. Nursing homes and hospitals are two primary parts of health care which will be highly impacted by this growth. Maintaining an adequate supply of beds for both is particularly important due to the rapidly growing elderly population.
Demand for bariatric beds has increased in Central America due to increased incidence of lifestyle diseases like obesity and diabetes. South America exhibits an increase in demand of critical care beds.
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