The U.S. Hospital Beds Market by type (electric beds, semi-electric beds, and manual beds), by usage (acute care beds, psychiatric care beds, long-term care beds, and others), by application (intensive care beds and non-intensive care beds), by end user (hospitals, home care settings, elderly care facilities, ambulatory surgical centers, and others) was valued at US$ 903.3 million in 2017 and is projected to expand at a CAGR of 5.9% during the forecast period (2017 - 2025), as highlighted in a new report published by Coherent Market Insights. Rising geriatric population associated chronic infections and diseases, such as cardiovascular diseases (CVD), cancers, and autoimmune diseases need longer hospital stays, which demands better healthcare management and it is expected to be a major driving factor for the growth of U.S hospital beds market over the forecast period.
According to the U.S. Census Bureau, 2016, the U.S population is projected to grow around 48% from 2000 to 2050. It is an imperative factor that is expected to increase the demand for health care delivery system, in turn fueling the growth of U.S. hospital beds market over the forecast period. Furthermore, in October 2017, the Ministry of Health and Long-Term Care, Canada announced to provide new 2,000 hospital beds in the most of hospital in the U.S due to overcrowded flu season. The government has decided to fund around US$ 3.082 Mn to an Ottawa hospital for 45 new beds until March 2018. Cornwall Community Hospital is expected to receive funding around US$ 1,027,500 Mn for 15 new beds. The Ministry of Health and Long-Term Care, Canada aims to improve the healthcare delivery system to support patients in need of less complex care. This temporary fund is short time strategy to expand healthcare system, which is expected to fuel the growth of U.S. hospital beds market over the forecast period.
Browse 20 Market Data Tables and 12 Figures spread through 120 Pages and in-depth TOC on U.S. hospital beds market by type (electric beds, semi-electric beds, and manual beds), by usage (acute care beds, psychiatric care beds, long-term care beds, and others), by application (intensive care beds and non-intensive care beds), by end user (hospitals, home care settings, elderly care facilities, ambulatory surgical centers and others) - Global Forecast to 2025
Key Takeaways of the U.S. hospital beds market:
• The U.S hospital beds market is expected to expand at a CAGR 5.9% during the forecast period (2017 - 2025) due to the high global demand.
• Among type, semi-electric beds hold a dominant position in the U.S. hospital beds market, as improvement in healthcare structure with installation of new hospital beds
• Among usage, acute care beds are leading segment in the U.S. hospital beds market, as treatment is being more advance and gives better patient outcome.
• Intensive care beds are the major application area of the U.S. hospital beds market, due to increasing life-threaten infections and accidents, which needs more comprehensive care.
• Hospitals are the major end user of the U.S. hospital beds market, as rising prevalence of chronic diseases leads to increase hospitalization cases.
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