North America Hospital Beds Market Analysis, Size, Growth and Demand, 2022

The hospital bed market size in North America was $1.5 billion in 2015 and is forecasted to grow at a CAGR of 4.9% during 2016-2022. Among the various types of beds available in the market such as birthing, bariatric, pediatric, pressure relief and other hospital bed, general beds contributed the maximum revenue, standing at $584.6 million in 2015, to the hospital bed industry in the region. Patients are also allocated beds in the hospital depending upon their class of treatment such as acute care, critical care or long term.

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The size of hospital bed market in North America has been increasing due to rising prevalence of chronic diseases and growing geriatric population. Adding to this, the increasing incidence of hospitalization, technological advancements in hospital beds and growing healthcare expenditure are also driving the market demand. On the basis of power, the beds are bifurcated into manual, semi-electric and electric beds. Among these, the manual beds are likely to witness the fastest growth, and are expected to generate a revenue of $996.8 million by 2022.

Factors such as high cost of hospital beds and injuries due to hospital beds have been creating a negative impact on the growth of the hospital bed market in the region.

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The key players operating in North America hospital bed market are Hill-Rom Holdings Inc., Stryker Corporation, Invacare Corporation, Gendron Inc., Medline Industries Inc., Savaria Corporation, Drive DeVilbiss Healthcare, Drägerwerk AG, LINET Americas, DIA Medical USA, UmanoMedical, Rotec International, and NOA Medical Industries Inc.

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