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.
Growing Preference for Highly Equipped Hospital Bed with Innovative Features
According to a report by the National Institute of Health (NIH), there is a high demand for equipped, facilitated bed, which help prevent other physiological complications among patients, which include bedsores. According to the Mayo Foundation for Medical Education and Research (MFMER) report, a patient suffering from bedsores has medical conditions limiting the ability to change positions or cause them to spend most of their time in a bed or chair. For example, bedsores fall into several stages based on depth, severity, and other characteristics such as the degree of skin and tissue damage ranging from changes in skin color to a severe injury involving muscle and bone. However, the development of information technology (IT) in healthcare, i.e., healthcare IT based medical equipment’s such as smart hospital bed, involving the use of wireless sensor networks (WSNs), has resulted in easy and quick service acting as a solution to prevent bedsores in motionless and disabled patients. With simple applications (apps), hospital bed has been transformed into highly networked appliances, which are categorized as Class 2 Medical Devices seeking electronic intelligence. For example, modern hospital bed is equipped with a monitor screen that shows the health status of patients and enables remote transmission of data to the nurse station.
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Market Overview
The North America hospital bed market is segmented in the US, Canada, and Mexico. The growth of the market in North America is attributed to the increasing adoption of healthcare smart beds in acute care or long-term care facilities. For example, the Harvard Medical School reveals in a published study that using respiratory rate sensing technology and heart-rate sensing technology, when incorporated in hospital bed such as bedide monitors and EarlySense’s under-the-mattress, helps reduce such events among the patients by 86%. Such aforementioned factors are responsible for the growth of the hospital bed market in North America. The US has the highest rates of intensive care beds among high-income countries and the highest overall hospital capacity in North America.
North America Hospital Bed 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.
Market leaders and key company profiles
- 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 Segmentation
The North America hospital bed market is segmented on the basis of type, usage, application, end user, and country. Based on type, the market is segmented into semi-electric bed, electric bed, and manual bed. The semi-electric bed segment held the largest market share in 2022.
Based on usage, the market is segmented into acute care bed, long-term care bed, psychiatric care bed, and others. The acute care bed segment held the largest market share in 2022. Based on application, the market is bifurcated into non-intensive care bed and intensive care bed. The non-intensive care bed segment held a larger market share in 2022. Based on end user, the market is categorized into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings.
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