North America Hospital Beds Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The North America Hospital Beds Market size was valued at USD 1.46 USD Billion in 2023 and is projected to reach USD 1.90 USD Billion by 2032, exhibiting a CAGR of 3.8 % during the forecast period. Furniture beds specialized for hospitals are meant to give patients comfort, sustenance, and safety. They are classified into different types such as electric, manual, and adjustable beds each having unique features like height adjustments, side rails, and patient positioning. The use of these beds cuts across hospitals, long-term care facilities, and home healthcare systems that serve patients with different medical requirements. Market trends in North America are showing increased demand for technologically advanced hospital beds that come equipped with built-in monitors, better mobility, and ergonomic structure to improve patient outcomes while also ensuring caregiver efficiency/safety.

North America Hospital Beds Trends

• Shift towards electric beds: Electric beds are becoming increasingly popular due to their ease of use and comfort for patients.
• Telehealth and remote monitoring: These technologies are enabling patients to manage their care from home, reducing the need for hospital stays and driving demand for hospital beds outside of healthcare facilities.
• Growing focus on infection control: The COVID-19 pandemic has highlighted the importance of infection control in healthcare settings, leading to increased demand for hospital beds with antimicrobial surfaces and designs.

Driving Forces: What's Propelling the North American Hospital Beds Market

• Aging population: The number of elderly people in North America is growing, which is driving up the demand for hospital beds as they require more healthcare services.
• Chronic diseases: The prevalence of chronic diseases such as heart disease, diabetes, and cancer is increasing, which is leading to longer hospital stays and increased demand for hospital beds.
• Shortage of healthcare professionals: Shortages of nurses and other healthcare professionals make it difficult for hospitals to provide adequate care, which can lead to longer waiting times for hospital beds.

Challenges and Restraints in the North American Hospital Beds Market

• High cost of hospital beds: Hospital beds can be expensive, which can make it difficult for hospitals to purchase and maintain.
• Limited reimbursement by insurance companies: Insurance companies often do not cover the full cost of hospital beds, which can make them unaffordable for some patients.
• Competition from other sectors: Other sectors, such as the nursing home sector, are also offering hospital beds, which can lead to competition for patients.

Emerging Trends in North American Hospital Beds

• Smart hospital beds: Smart hospital beds are equipped with features such as sensors and monitors that can track patients' vital signs and movements.
• Personalized hospital beds: Hospital beds are becoming more personalized, with features that can be customized to meet the needs of individual patients.
• Integration with other medical devices: Hospital beds are becoming more integrated with other medical devices, such as patient monitors and infusion pumps, which can improve patient care and efficiency.

Growth Catalysts in North America Hospital Beds Industry

• Rising healthcare expenditure: Healthcare expenditure in North America is expected to continue to grow, which will lead to increased spending on hospital beds.
• Government initiatives to improve healthcare: Governments in North America are investing in initiatives to improve healthcare, such as the Affordable Care Act in the United States, which will lead to increased demand for hospital beds.
• Technological advancements: Technological advancements in hospital beds, such as the development of smart hospital beds, are making them more comfortable and efficient, which is driving up demand.

Market Segmentation: North America Hospital Beds Analysis

Type

• Acute Care Beds
• Rehabilitative Care Beds
• Long-Term Care Beds
• Other Hospital Beds

Function

• Manual
• Electric

Application

• Intensive
• Non-Intensive

End-User

• Hospitals
• Long-Term Care Centers
• Acute Care Facilities
• Others

Leading Players in the North American Hospital Beds Market

• Hill-Rom Services Inc. (Baxter) (U.S.)
• Stryker (U.S.)
• Arjo (Sweden)
• Invacare Corporation (U.S.)
• GF Health Products, Inc. (U.S.)
• Span America (Savaria) (Canada)
• LINET (The Netherlands)
• PARAMOUNT BED CO., LTD (Japan)
• Joerns Healthcare LLC (U.S.)

Significant Developments in the North American Hospital Beds Sector

• April 2023 - GF Health Products Inc. expanded its offering of New Basic American 7200 beds for sub-acute care and extended care in the U.S.
• April 2023 - Invacare Corporation partnered with MedCare Group LLC to expand the reach of its lifestyle products portfolio, including hospital beds, in North America.
• February 2023 - Linet launched Essenza, a new range of acuity medical beds designed with a high variability of configurations to reduce the physical effort of nurses.
• November 2022 - Savaria, a hospital bed manufacturer, opened a manufacturing facility in Mexico to better serve the growing demand from the U.S.-based dealer network of the company.
• August 2021 - Linet launched a new generation of MULTICARE X beds as part of Intensive Care and Emergency Medicine (ISICEM).

Comprehensive Coverage North America Hospital Beds Market Report

The North America Hospital Beds Market report offers a comprehensive analysis of the market, including its historical and future performance in terms of market size, segmentation, trends, driving forces, challenges, and competitive landscape.

• Market Size: The report provides both historical and projected market size data for the North America Hospital Beds Market, measured in terms of value (USD billion) and volume (thousand units).
• Market Segmentation: The report segments the market based on key parameters such as type (general-purpose beds, bariatric beds, pediatric beds, and specialized beds), function (manual, semi-electric, and fully electric), application (hospitals, long-term care facilities, and home healthcare), and end-user (private hospitals, public hospitals, and specialty clinics).
• Market Trends: The report identifies and analyzes the key trends that are shaping the North America Hospital Beds Market, including the increasing prevalence of chronic diseases, the aging population, technological advancements, and the integration of healthcare IT systems.
• Driving Forces and Challenges: The report examines the key factors driving the growth of the North America Hospital Beds Market, such as the rising healthcare expenditure, increasing demand for specialized healthcare services, and growing awareness of patient comfort and safety. Additionally, it addresses the challenges faced by the market, including supply chain disruptions, competition from emerging markets, and regulatory changes.
• Competitive Landscape: The report provides an in-depth analysis of the competitive landscape of the North America Hospital Beds Market, including market share analysis, key developments, and growth strategies adopted by leading players such as Hill-Rom, Stryker Corporation, Getinge AB, and Invacare Corporation.

Regional Insight

The North American hospital beds market is segmented into the following regions:

• United States
• Canada
• Mexico

The United States holds a dominant share in the North American hospital beds market due to factors such as:

• High prevalence of chronic diseases and aging population
• Advanced healthcare infrastructure and technological advancements
• Government investments and favorable reimbursement policies
• Strong presence of leading manufacturers and distributors

Canada is another significant contributor to the North American hospital beds market, driven by:

• Universal healthcare system providing access to essential medical services
• Focus on improving healthcare quality and patient outcomes
• Government funding for healthcare infrastructure upgrades

Mexico has a growing hospital beds market with potential for expansion due to:

• Increasing healthcare demand from a growing population
• Government initiatives to enhance healthcare access and quality
• Opportunities for foreign manufacturers and investors

Overall, the North American hospital beds market is expected to continue its growth trajectory, driven by rising healthcare needs, technological advancements, and favorable market dynamics.

Pricing Analysis

The pricing analysis provides the pricing of products in the market. It covers the prices of different types of hospital beds, as well as the factors that influence the pricing of hospital beds.

Import And Export Analysis

The import and export analysis provides data on the import and export of hospital beds in North America. It covers the value and volume of imported and exported hospital beds, as well as the major importing and exporting countries.

Patent/Trademark Analysis

The patent/trademark analysis includes information on the patents and trademarks related to the market. It covers the number of patents and trademarks filed, the countries in which they are filed, and the companies that have filed them.