North America Hospital Bed Market Future Growth Business Prospects by Forecast to 2028
The North America Hospital Bed Market is expected to grow from US$ 1,083.38 million in 2022 to US$ 1,466.55 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
North America Hospital Bed Market Insights
The North America Hospital Bed Market, encompassing the US, Canada, and Mexico, is experiencing significant growth. This expansion is largely due to the increasing adoption of smart healthcare beds in both acute and long-term care facilities. A study published by the Harvard Medical School, for example, revealed that incorporating respiratory rate and heart-rate sensing technology (such as bedside monitors and EarlySense’s under-the-mattress systems) into hospital beds can reduce adverse events among patients by 86%.
Among high-income countries in North America, the US boasts the highest rates of intensive care beds and the highest overall hospital capacity. These factors collectively contribute to the robust growth of the hospital bed market across the region.
The Rise of Advanced Hospital Beds
There’s a growing demand for highly equipped hospital beds with innovative features, driven by their ability to prevent common patient complications like bedsores. The National Institute of Health (NIH) highlights this need, while the Mayo Foundation for Medical Education and Research (MFMER) points out that bedsores typically affect patients with limited mobility who spend significant time in bed or a chair. These painful injuries can range in severity from minor skin discoloration to severe damage involving muscle and bone.
Smart Beds: A Technological Solution
Thanks to advancements in healthcare information technology (IT), smart hospital beds are emerging as a crucial solution. These beds, often incorporating wireless sensor networks (WSNs), provide quick and efficient service to prevent bedsores in immobile or disabled patients. Categorized as Class 2 Medical Devices, these highly networked appliances are electronically intelligent.
Modern smart beds feature:
- A monitor screen to display patient health status.
- Remote data transmission capabilities to nurse stations.
- Additional modules like tilt accelerometers and motor drives for bed repositioning.
- Powered wheels to facilitate patient movement within the hospital.
- USB and Ethernet ports for connectivity with PCs or hospital networks.
- An LCD screen and keypad for the user interface, enabling healthcare providers to enhance patient comfort.
For instance, in October 2020, Stryker launched “ProCuity,” the market’s first and only wireless hospital bed. This innovative product aims to reduce patient falls, improve nurse efficiency and safety, and lower hospital operating costs. It seamlessly connects to nurse call systems without the need for cables.
North America Hospital Bed Market Segmentation (2022)
- North America Hospital Bed Market By Type
- Semi-Electric Beds (Largest market share in 2022)
- Electric Beds
- Manual Beds
- North America Hospital Bed Market By Usage
- Acute Care Beds (Dominant segment in 2022)
- Long-Term Care Beds
- Psychiatric Care Beds
- Others
- North America Hospital Bed Market By Application
- Non-Intensive Care Beds (Larger market share in 2022)
- Intensive Care Beds
- North America Hospital Bed Market By End User
- Hospitals & Clinics (Leading segment in 2022)
- Elderly Care Facilities
- Ambulatory Surgical Centers
- Home Care Settings
- North America Hospital Bed Market By Country
- United States (U.S.) (Dominant market in 2022)
- Canada
- Mexico
North America Hospital Bed Market Key Players
Major companies operating in the North America hospital bed market include:
- Hill-Rom Holding Inc. (Baxter)
- Stryker Corporation
- Arjo Medical Devices
- Invacare Corporation
- Paramount Bed Holdings Co., Ltd.
- GF Health Products Inc.
- Malvestio Spa
- Span America (Savaria Corporation)
- Savion Industries
- STIEGELMEYER GMBH & CO. KG
North America Hospital Bed Market Insights & Trends
- Semi-electric beds led the market due to their cost-efficiency and ease of use.
- Acute care beds dominated usage, driven by high hospitalization rates.
- Non-intensive care beds held a larger share, reflecting demand in general wards and post-surgical recovery.
- Hospitals & clinics were the largest end users, supported by aging populations and healthcare infrastructure growth.
- The U.S. held the largest market share, attributed to advanced healthcare systems and high healthcare expenditure.
North America Hospital Bed Market Strategic Insights
Strategic insights for the North America Hospital Bed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Hospital Bed Market Regional Insights
The geographic scope of the North America Hospital Bed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights