March 15, 2022 08:30 ET | Source: CMI CMI

SEATTLE, March 15, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the U.S hospital beds market is estimated to be valued at US$ 1,145.4 in 2022 and expected to exhibit a CAGR of 5.8% over the forecast period (2022-2030).

Key Trends and Analysis of the U.S Hospital Beds Market:

Key trends in the U.S hospital beds market include increasing hospitalization due to the COVID-19, launches and approvals of novel products, and collaborations, partnerships, mergers, and acquisitions among key players. These key trends are expected to aid in the market growth.

For instance, hospitalization due to the COVID-19 has been increasing. According to Centers for Disease Control and Prevention, the seven-day daily average from January 5, 2022 to January 11, 2022 was 20,637, a 24.5% increase from the prior 7-day average that is 16,571 from December 29, 2021 to January 4, 2022.

Key players operating in the U.S hospital beds market are focusing on the adoption of inorganic growth strategies such as acquisitions, mergers, partnerships, and collaborations to strengthen their market presence. For instance, in September 2021, a U.S-based medtech firm Baxter International Inc. acquired its rival Hill-Rom Holding Inc., adding smart hospital beds to its portfolio of patient monitoring and diagnostic products.

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The U.S hospitals beds market is expected to exhibit a CAGR of 5.8% over the forecast period, owing to rising product launches. For instance, in October 2020, Stryker, one of the world’s leading medical technology company, launched the industry’s first and only completely wireless hospital bed, ProCuity.

Among product types, the electric beds segment is estimated to account for the largest market share in 2021, owing to growing obesity and chronic diseases population in the U.S. For instance, in the U.S, in 2018, 1,708,921 new cancer cases were reported. For every 100,000 people, 436 new cancer cases were reported.

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.

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Hospital Beds Market, by Usage (Acute Care Beds, Psychiatric Care Beds, Long- term Care Beds, and Others (Maternity and Bariatric Beds)), by Application (Intensive Care Beds and Non-intensive Care Beds), by Type (Electric Beds, Semi-electric Beds, and Manual Beds), by End User (Hospitals, Home Care Settings, Elderly Care Facilities, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Delivery Beds Market, By Product Type (Obstetric Delivery Beds, Electric Delivery Tables, and Baby Bassinet), By End User (Hospitals and Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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