The U.S. hospital bed market size is set to reach USD 870.4 Million by 2024, observing a CAGR of 3.8% during forecast period. The U.S. hospital bed market is driven by factors such as technological advancements, adoption of electric beds in ICUs, high prevalence of chronic diseases, and robust healthcare infrastructure.
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The U.S. has large patient pool with chronic diseases who are prone to get hospitalized and require intensive care. Also, the geriatric population is more prone in chronic diseases, leading to the growth in the U.S. medical bed industry.
Of all types of area of use, critical care and long-term care medical beds are anticipated to witness the higher growth when compared to the acute care beds. This is primarily due to the increasing geriatric population, and high prevalence of chronic diseases including cancer and cardiovascular disorders.
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Hospitals are the largest end users of medical meds in the U.S. and its demand of medical beds is anticipated to remain the largest in the hospitals as most of the inpatient care is provided by the public and private hospitals. The fastest growing demand for medical beds is witnessed by the elderly care facilities in the U.S. owing to the aging population.
Some of the key players operating in the U.S. medical bed industry are Stryker Corporation, Getinge Group, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Amico Corporation, Midmark Corporation, Linet Spol. S.R.O and Antano Group S.R.L.
U.S. Hospital Bed Market Coverage
Type Insight and Forecast 2014-2024
- General Beds
- Bariatric Beds
- Pediatric Beds
- Pressure Relief Beds
- Birthing Beds
- Others
Source: VynZ Research