The U.S Hospital Beds Market, by Product Type (Electric Beds, Semi-Electric Beds, and Manual Beds), by Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, and Others), by Application (Intensive Care Beds and Non-Intensive Care Beds), and by End User (Home Care Settings, Hospitals, Elderly Care Facilities, Ambulatory Surgical Centers, and Others) is estimated to be valued at US$ 1,145.4 million in 2022 and expected to exhibit a CAGR of 5.8% over the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on organic and inorganic growth strategies, which is expected to drive the market growth over the forecast period.
For instance, in March 2020, Hill-Rom Holdings, Inc. expanded its production capacity of Intensive Care Unit (ICU) and MedSurg unit smart beds, including the company’s Progressa ICU bed and Centrella Smart+ bed.
In March 2020, Medline Industries, Inc. opened its national sales support center in Illinois, U.S., to provide customized customer solutions.
U.S Hospital Beds Market – Impact of Coronavirus (COVID-19) Pandemic
Due to the COVID-19 pandemic, a public health emergency, there was an increased demand for hospital beds. In April 2020, the Institute for Health Metrics and Evaluation (IHME) estimated a shortage of 16,323 beds in the U.S.
For instance, according to the Centers for Disease Control and Prevention (CDC), the 7-day daily average of hospitalization for January 5, 2022 to 11 January 20222 was 20, 637, a 24% increase from the prior 7-day average (16,571) from December 29, 2021 to January 4, 2022.
Browse 10 Market Data Tables and 24 Figures spread through 120 Pages and in-depth TOC on “U.S Hospital Beds Market” - U.S. Forecast to 2030, by Product Type (Electric Beds, Semi-Electric Beds, and Manual Beds), by Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, and Others), by Application (Intensive Care Beds and Non-Intensive Care Beds), and by End User (Home Care Settings, Hospitals, Elderly Care Facilities, Ambulatory Surgical Centers, and Others)
To know the latest trends and insights prevalent in the U.S Hospital Beds market, click the link below:
https://www.coherentmarketinsights.com/market-insight/us-hospital-beds-market-996
Key market players are focusing on the adoption of inorganic growth strategies such as mergers, collaborations, partnerships, and acquisitions to strengthen their position in the U.S. market. For instance, in September 2021, Baxter acquired Hill-Rom Holdings Inc. for expanding connected care and medical innovation.
Key Takeaways of the U.S Hospital Beds Market:
The U.S hospital beds market is expected to exhibit a CAGR of 5.8% over the forecast period, owing to rising launches and regulatory approvals of products.
Among product types, the electric beds segment is expected to account for the largest market share during the forecast period, owing to rising obesity prevalence. For instance, according to Centers for Disease Control and Prevention, the U.S obesity prevalence was 42.4% in 2017-18.
Key players operating in the U.S hospital beds market include Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Stryker Corporation, Paramount Bed Co. Ltd., Medline Industries, Inc., and LINET Group SE.
