Favorable furniture: The industry is expected to grow, partly driven by the advent of new technologies

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
3,582
Businesses
36
Market Share of Companies

Industry Threats & Opportunities

  • Healthcare providers have used radio frequency identification technology to match patients with hospital beds
  • In response to potential legislation, manufacturers have invested in product development
  • While hospital consolidation will characterize the industry’s downstream market, other revenue streams will buoy the industry
  • Industry Report - Industry Key Buyers Chapter

    The Hospital Bed Manufacturing industry is characterized by a moderate level of market share concentration. In 2017, the top two companies are expected to make up nearly 50.0% of industry revenue. Overall, the industry is moving toward being largely dominated by two major companies, Hill-Rom and Stryker. As group purchasing organizations (GPOs) have increasingly negotiated low-cost hospital beds for hospitals, this trend has further exacerbated the industry's consolidation.As many hospital bed manufacturers have either exited the industry altogether, or have focused on a specific product (e.g. bariatric hospital beds), this trend has enabled some large industry operators to command a significant share of industry revenue. Ove...purchase to read more.

    Additional Insights for the Hospital Bed Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospital Bed Manufacturing Industry are

  • Quickly adopting new technologies
  • Close monitoring of competition
  • Firm globalization
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Total health expenditure in the Hospital Bed Manufacturing industry impact industry performance..

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    What's in this report

    What is the Hospital Bed Manufacturing Industry?

    This industry manufactures beds and other specialized furniture for use in hospital or clinical settings.

    Industry Products
  • Manual
  • Manual adjustable
  • Electric
  • Semi-electric for critical access hospitals
  • Semi-electric for non-short stay hospitals
  • Semi-electric for psychiatric hospitals
  • Semi-electric for rehabilitation hospitals
  • Semi-electric for other hospitals
  • Industry Activities
  • Manufacturing hospital beds and other specialized hospital furniture
  • Researching and developing hospital beds and other specialized hospital furniture
  • Marketing hospital beds and other specialized hospital furniture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Total health expenditure
  • Trade-weighted index
  • Number of adults aged 65 and older
  • Number of people with private health insurance

  • Current Performance
  • Hospital consolidation
  • Regulation and technology
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology improvements
  • International trade and industry landscape
  • Table: Hospital Bed Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospital Bed Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Healthcare and Social Assistance
  • Consumers

  • Key Selling Industries
  • Aluminum Manufacturing
  • Mattress Manufacturing
  • Medical Device Manufacturing
  • Urethane Foam Manufacturing

  • Products & Services
  • Semi-electric for psychiatric hospitals
  • Semi-electric for rehabilitation hospitals
  • Semi-electric for other hospitals
  • Manual adjustable
  • Semi-electric for non-short stay hospitals
  • Semi-electric for critical access hospitals
  • Manual
  • Electric
  • Chart: Hospital Bed Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Nonprofit community hospitals
  • For-profit community hospitals
  • State and local government hospitals
  • Nonfederal psychiatric hospitals
  • Exports
  • Federal hospitals
  • Other hospitals
  • Chart: Major Market Segmentation for the Hospital Bed Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hospital Bed Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hospital Bed Manufacturing Industry

  • Industry Globalization
    Hill-Rom Holdings Inc., Stryker Corporation,
  • Table: Hill-Rom Holdings Inc. - financial performance
  • Table: Stryker Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospital Bed Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hospital Bed Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total healthcare expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Acute
  • Of or relating to medical care intended for short periods of time.
  • Med-Surg
  • An abbreviation of medical-surgical used to describe beds and surfaces suitable for recovery, rest and surgical applications.
  • Smartbed
  • A type of powered hospital bed capable of recording and reporting patient data such as weight, position and other vitals.
  • What Our Customers Say

    Why buy this report?

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    This report on Hospital Bed Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hospital Bed Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hospital Bed Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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