North America Hospital Beds Market Size, Share & COVID-19 Impact Analysis, By Type (Acute Care Beds, Rehabilitative Care Beds, Long-Term Care Beds, and Other Hospital Beds), By Function (Manual and Electric), By Application (Intensive and Non-Intensive), By End-User (Hospitals, Long Term Care Centers, Acute Care Facilities, and Others), and Country Forecast, 2023-2030

The North America hospital beds market size was valued at USD 1.46 billion in 2022. The market is projected to grow from USD 1.49 billion in 2023 to USD 1.94 billion by 2030 at a CAGR of 3.8% during the forecast period.

The rising number of cases of various chronic diseases such as cancer, cardiovascular disorders, and others is increasing the number of hospital admissions in the region, thereby putting pressure on the healthcare infrastructure. To address the increasing number of hospital admissions and the growing demand for beds in various healthcare settings, key players are ramping up their manufacturing capacities.

Furthermore, the rising government investment to fortify the healthcare infrastructure in the region, along with the establishment of new hospitals and expansion of existing healthcare facilities in the countries, is expected to boost the North America hospital beds market growth.

• For instance, according to data published by the Organization for Economic Co-operation and Development (OECD), in 2021, the number of hospitals in the U.S. increased to 6,129 compared to 2020 when it was 6,090 hospitals.

COVID-19 IMPACT

Increased Demand for the Product Propelled Market Expansion amid Pandemic

The COVID-19 pandemic significantly increased the demand for hospital beds in the region. Factors such as overburdened healthcare infrastructure, surge in ICU admissions, shortage of ICU beds, diversion of healthcare facilities toward managing the pandemic, and others propelled the demand for beds during the pandemic.

Furthermore, initiatives adopted by government agencies in major countries in the region to mitigate the impact of the pandemic also led to an increase in demand for beds. Many government and private hospitals temporarily expanded their bed capacities to cope with the rising demand. Additionally, the establishment of temporary hospital facilities surged the demand for beds in 2020.

• For instance, in March 2020, the government of New York issued an order to expand hospital facilities, resulting in the addition of 9,000 beds.

This market experienced nominal growth in the post-pandemic era. The opening of new hospitals and healthcare facilities to strengthen infrastructure and an increase in hospital expenditure by countries are expected to drive market growth in the upcoming years.

LATEST TRENDS

Growing Collaborations Between Hospitals and Hospital Bed Manufacturers is the Latest Trend

The U.S. and Canadian governments are initiating various programs to bolster healthcare services and infrastructure in the region. Expenditure on hospitals and healthcare facilities is experiencing significant growth in these countries. According to data from the Centers for Medicare & Medicaid Services (CMS), hospital expenditure in the U.S. grew by 4.4% in 2021. Additionally, the governments are investing in establishing new hospitals and healthcare facilities to accommodate the increasing patient base.

Moreover, the expansion of healthcare facilities is driving the demand for beds. These facilities are partnering with hospital bed manufacturers to meet the rising demand, a factor expected to fuel market growth.

• For instance, in April 2019, Kindred Healthcare, LLC, a long-term care and rehabilitation hospital, partnered with Arjo, a hospital bed manufacturer. Through this partnership, the hospital aimed to enhance patients’ quality of care by incorporating medical beds, clinical services, and training for key personnel offered by Arjo.

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DRIVING FACTORS

Rise in Hospitalizations Due to Increasing Cases of Chronic Ailments to Impel Market Growth

Chronic disorders such as cancers, cardiovascular disorders, diabetes, and others are among the leading causes of disability and mortality in the populations of the U.S. and Canada. Currently, the region is experiencing a significant burden of lifestyle-associated disorders and non-communicable diseases, necessitating proper management to prevent premature deaths.

• According to data from the Centers for Disease Control and Prevention (CDC) in 2021, there are about 610,000 new stroke cases in the U.S. every year. Furthermore, as per data published by the American Heart Association in 2019, an estimated 552,476 acute ischemic stroke hospitalizations were recorded in the U.S.

Moreover, the government in the region is initiating various programs to raise awareness among the patient base for the proper management of various chronic disorders. The increasing awareness is leading to a higher influx of patients to hospitals for early diagnosis and proper treatment, thereby overburdening the healthcare infrastructure. These factors are also increasing the demand for beds in the region, consequently driving market growth.

Growing Investments by Government to Strengthen Hospital Infrastructure Drives Market Growth

Government agencies, along with private sector players in the region, are consistently increasing their investments to strengthen the healthcare infrastructure. The state and national governments in these countries are also allocating funds to expand hospital facilities. Such factors are expected to raise the demand for beds in the forthcoming years.

• For instance, in May 2023, the Manitoba Government in Canada granted a fund of USD 22.0 million to Grace Hospital, based in Manitoba, to increase the number of beds in the Intensive Care Unit (ICU).

Such initiatives by national and state governments are expected to bolster the demand for the product, thereby propelling market growth.

RESTRAINING FACTORS

Rising Recalls of Hospital Beds May Hamper Brand Presence and Restrain Market Growth

Despite various technological advancements in the product and the launch of new and innovative beds, the increasing voluntary recalls of a few beds are limiting market growth. Damaged quality and malfunctioning hospital bed accessories are a few reasons for product recalls, hampering manufacturers' brand presence and hindering the adoption of certain products. This has shifted consumer preferences toward refurbished and rental products available in the market.

• For instance, in November 2022, Baxter Hillrom initiated a class I product recall for a few models of its hospital beds integrated with the Watch Care Incontinence Management System (IMS). The WatchCare Incontinence Management System (IMS) includes specific Centrella, Progressa, and VersaCare beds. The company recalled the product due to the emission of radiofrequency from Watchcare devices interfering with other medical devices and causing erroneous readings or malfunctions of other devices.

Apart from bed recalls, the recalls of bed surfaces are also hindering the adoption of specific types of beds, ultimately affecting market growth.

SEGMENTATION

By Type Analysis

Acute Care Beds Segment Dominates Due to Rising Occurrence of Chronic Diseases

Based on type, the market is divided into acute care beds, rehabilitative care beds, long-term care beds, and other hospital beds. The acute care beds segment held a dominant market share in 2022. This dominance can be attributed to the increasing burden of various chronic diseases, a rise in surgeries, and an increasing number of serious injuries leading to hospitalizations in the region. Favorable reimbursement scenarios and the government's focus on increasing hospital bed capacity are other factors propelling the segment's growth.

• For instance, according to the Canadian Institute for Health Information, in 2021-2022, there were an estimated 2.9 million acute inpatient hospitalizations in the country. Caesarean section (C-section) surgery was the most common reason for hospitalizations during the period, followed by fractures and hip replacement surgeries.

On the contrary, the growing geriatric population in the region suffering from various chronic disorders and the increasing preference among patients for seeking treatment in long-term care hospitals are supporting the market growth for long-term care beds in the region. Moreover, the launch of new long-term care beds is also propelling the market growth.

Furthermore, the rehabilitative care beds and other hospital bed segments are expected to grow significantly in the forthcoming years. The growing preference for home-based treatment and the rising burden of mental disorders, strokes, and other disorders restricting mobility among patients are increasing the demand for these beds, propelling the growth of the market.

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By Function Analysis

Electric Segment Leads With Increasing Launches of Technologically Advanced Electric Beds

Based on function, the market is categorized into electric and manual. The electric segment dominated the market in 2022. Various advantages such as reduced risk of pressure ulcers, easy patient transfer, enhanced safety features with adjustable side rails to prevent falls, and others are factors that have raised the demand for electric beds in different healthcare settings. Furthermore, the launches of technologically advanced electric beds by key players are also promoting the segment's growth.

• For instance, in October 2020, Stryker launched a wireless hospital bed called Procuity to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, and aid in lowering hospital costs.

On the contrary, the cost-effectiveness of manual beds and the growing demand for these beds among patients seeking treatment at home owing to long-term care benefits and other factors are fueling the segment's growth. According to various commercial websites, the cost of manual hospital-beds ranges between USD 500 to USD 1,000, whereas the cost of electric hospital beds is about USD 4,000 to USD 18,000, making manual hospital-beds affordable for use in homes and other settings.

By Application Analysis

Non-intensive Segment Dominates Due to Rising Trauma Injuries & Accidents

Based on application, the market is bifurcated into non-intensive and intensive. The non-intensive care segment accounted for the highest market share in 2022. The increasing number of rehabilitative centers, coupled with rising incidents of accidents and traumatic injuries in the region, is driving the demand for non-intensive care, thereby increasing the demand for hospital-beds in these settings.

• According to a 2023 report published by the Insurance Institute for Highway Safety (IIHS), there were a total of 39,508 fatal motor vehicle crashes in the U.S. in 2021.

Moreover, the intensive care segment is anticipated to witness the fastest growth during the forecast period. The rising occurrence of life-threatening conditions, increasing number of surgical procedures, growing initiatives by the government to increase intensive care capacity in the region, and others are some of the factors bolstering the demand for beds for intensive care.

Furthermore, the increasing number of hospitals with dedicated ICU units is driving the demand for these beds. Additionally, key players' shifting focus toward research and development initiatives to launch novel and advanced beds for use in Intensive Care Units (ICUs) in hospitals is fueling the segment's growth.

• For instance, in May 2022, Saskatchewan, a province in Canada, added six intensive care beds to its hospitals.

By End-User Analysis

Hospital Segment’s Growth Led by Increasing Number of Hospitals and Their Rising Bed Capacity

By end-user, the market is segmented into hospitals, long-term care centers, acute care facilities, and others. The hospitals segment held the largest market share in 2022. The dominance of this segment can be attributed to the increasing number of hospitals in the region due to the opening of new healthcare facilities. Furthermore, already existing hospitals are shifting their focus to expand their bed capacity to cater to the rising patient burden, which is anticipated to increase the demand for beds.

• For instance, in July 2023, the Cleveland Clinic established a new hospital in Ohio. The new hospital facility comprises 19 emergency beds, 34 inpatient observation rooms, and four operating rooms.

Moreover, the increasing number of minor to major traumatic injuries, such as burn wounds and bone injuries, is raising patient admissions in acute care facilities. Additionally, the rising need for care for chronic disorders and life-threatening conditions in the region is increasing the demand for these beds in acute care facilities, thereby supporting the segment's growth.

COUNTRY INSIGHTS

The U.S. market, valued at USD 1.35 billion, dominated the North American market in 2022 and is projected to continue its dominance during the forecast period. The rising number of people suffering from chronic disorders such as cancers, ischemic heart diseases, and pneumonia, coupled with an increasing number of hospitalizations in the U.S., are expected to fuel the market growth in the long run.

• For instance, as per the Centers for Disease Control and Prevention (CDC), every year about 805,000 people in the U.S. suffer from a heart attack. The growing government initiatives to strengthen the healthcare infrastructure and increase the bed capacity to cater to the rising burden of the patient population are further bolstering the market growth in the country.

Canada is anticipated to grow at a significant CAGR during the forecast period. The rising focus of key players on research and development for the launch of new products, coupled with the increasing investments for establishing new hospitals in the country, among other factors, is contributing to the market growth.

KEY INDUSTRY PLAYERS

Baxter, Stryker, and Invacare Corporation to Lead Due to Robust Product Portfolio

This market features several key players, including Baxter (Hill-Rom), Stryker Corporation, and Invacare Corporation, which command a significant proportion of the market share. The dominance of these companies can be attributed to various factors, such as establishing new manufacturing facilities, maintaining a robust product portfolio, having a strong geographical presence, and an increasing focus on inorganic activities to strengthen their businesses.

• For instance, in June 2023, Baxter (Hillrom) signed a value-added reselling agreement with Oneview Healthcare to resell Oneview’s Care Experience Platform (CXP) in the U.S. market. Through this agreement, the companies expect to additionally sell 3,000 to 5,000 hospital beds per annum.

Other notable players include Span America (Savaria), Arjo, GF Health Products, Inc., among others. These companies are actively expanding their manufacturing capabilities, broadening their distribution network, and launching new products to bolster their market presence.

LIST OF KEY COMPANIES PROFILED:

• Hill-Rom Services Inc. (Baxter) (U.S.)


• Stryker (U.S.)


• Arjo (Sweden)


• Invacare Corporation (U.S.)


• GF Health Products, Inc. (U.S.)


• Span America (Savaria) (Canada)


• LINET (The Netherlands)


• PARAMOUNT BED CO., LTD (Japan)


• Joerns Healthcare LLC (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• April 2023 - GF Health Products Inc. expanded its offering of New Basic American 7200 beds for sub-acute care and extended care in the U.S.


• April 2023 - Invacare Corporation partnered with MedCare Group LLC to expand the reach of its lifestyle products portfolio, including hospital beds, in North America.


• February 2023 - Linet launched Essenza, a new range of acuity medical beds designed with a high variability of configurations to reduce the physical effort of nurses.


• November 2022 - Savaria, a hospital bed manufacturer, opened a manufacturing facility in Mexico to better serve the growing demand from the U.S.-based dealer network of the company.


• August 2021 - Linet launched a new generation of MULTICARE X beds as part of Intensive Care and Emergency Medicine (ISICEM).

REPORT COVERAGE

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The  market research report provides a detailed market analysis. It focuses on key aspects such as leading companies, product types, and applications. Moreover, it offers insights into market forecasts and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market over recent years.

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