New technologies gave hospital beds additional features, such as software that enables healthcare providers to monitor a patient's heart rate, dietary restrictions and potential response to treatments. These advancements have boosted Hospital Bed Manufacturing industry growth. For instance, some healthcare providers have used radio frequency identification technology to match patients with available hospital beds, thus providing a boon for the industry. However, not all trends have positively affected the industry as the number of per capita hospital beds has steadily declined in the United States. At the same time, hospitals have increasingly used group purchasing organizations, which negotiate supply and equipment prices on behalf of hospitals, intensifying price-based competition. Over the five years to 2022, industry revenue is forecast to stagnate. The industry will likely benefit from robust demand for bariatric hospital beds, coupled with many health insurance providers inciting patients to use at-home hospital beds to help lower the rate of hospitalization.
This industry manufactures beds and other specialized furniture for use in hospital or clinical settings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.