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Industry Statistics and Trends
Market size and recent performance (-)
Industry revenue has
grown
at a CAGR of 2.1 % over the past five years, to reach an estimated
$2.8bn in .
Trends and Insights
The healthcare sector's steady growth is lifting hospital bed manufacturers' revenue
- Population growth, high obesity rates and the growing number of adults in their later years are bolstering demand for healthcare services. More adults than ever are in need of medical assistance, encouraging healthcare providers to expand and making room for new enterprises to open in underserved locales.
-
Additional trends and insights available with purchase
Hospital Bed Manufacturing in the US
Revenue (-)
Source: IBISWorld
Source: IBISWorld
Industry outlook (-)
Market size is projected to grow over the next five years.
Trends and Insights
Surging healthcare spending will keep revenue trending upward
- Population growth and aging demographics in the US will support demand for medical assistance. Expanding government funding and insurance coverage will also drive healthcare usage. Healthcare providers will need to add additional hospital beds to properly care for the general public.
Biggest companies in the Hospital Bed Manufacturing in the US
Company
Market Share (%)
Revenue ($m)
Profit ($m)
Profit Margin (%)
Hill-Rom Holdings, Inc.
1,233.8
-1.4
-0.1
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and analysis for all 1 top companies in this
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Products & Services Segmentation
Hospital Bed Manufacturing in the US
Products & Services
Source: IBISWorld
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Acute care hospital beds, Psychiatric care hospital beds and Other hospital beds. Acute care hospital beds is the largest segment of the Hospital Bed Manufacturing in the US.
Trends and Insights
The healthcare sector's reliance on acute care hospital beds make them manufacturers' top product
- According to the Organization for Economic Co-operation and Development (OECD), acute care beds accommodate patients where the clinical intent is regarding obstetrics, treating illness, surgery, relieving symptoms of illness or injury other than palliative care, protecting against complications of an illness or injury and diagnostic or therapeutic procedures. Acute care beds have also been defined as beds accommodating patients for fewer than 18 days.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry manufactures beds and other specialized furniture for use in hospital or clinical settings.
What's included in this industry?
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
Companies
Hill-Rom Holdings, Inc.
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Related Terms
MED-SURG
SMARTBED
ACUTE
Industry Code
NAICS
NAICS - Hospital Bed Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends
in the performance indicators that make or break businesses.
Analyst insights
Population growth, aging demographics, strong government funding and expanding insurance coverage are bolstering hospital bed sales. Healthcare providers are purchasing new a...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (-) and forecast (-)
- Employees, including historical (-) and forecast (-)
- Businesses, including historical (-) and forecast (-)
- Profit, including historical (-)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
-
How contribution to GDP, industry saturation, innovation, consolidation,
and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets
and trends in international trade.
Analyst insight
Hospital bed manufacturers produce a wide range of specialized beds to meet the diverse needs of healthcare facilities. Short-term acute care hospital beds, the primary produ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in
- Major market segmentation in
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry
and the factors driving these trends to find opportunities and
conduct regional benchmarking.
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Analyst insights
Population and age demographics promote hospital bed manufacturers in the Southeast and West. Women in their childbearing years, young infants and elderly people tend to be h...
In this chapter (1)
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in
Tables
- Number and share of establishments in each state in
- Number and share of revenue each state accounts for in
- Number and share of wages each state accounts for in
- Number and share of employees in each state in
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an
industry and the challenges industry operators and new entrants
may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Acute care hospital bed manufacturing is highly competitive. These beds are standardized and offer little room for differentiation in features, making price most clients' top...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from -
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry's level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry's own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Only one company controls a significant portion of the market for hospital beds. Hill-Rom, recently acquired by Baxter International, leverages its reputation and distributio...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in through
- Major companies in the industry, including market share, revenue, profit and profit margin in
- Overview of Hill-Rom Holdings, Inc.'s performance by revenue, market share and profit margin from through
Detailed analysis
- Description and key data for Hill-Rom Holdings, Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Food and Drug Administration (FDA) regulates medical devices in the United States. These regulations seek to standardize product designs, labeling, packaging, manufacturi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (-)
- Assistance historical data and forecast (-)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial
data against an industry's financial benchmarks over time.
Analyst insights
Manufacturers' focus on innovation is bolstering wage expenditures. Individuals with advanced degrees can help hospital bed manufacturers bring in-demand products to market, ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in
- Investment vs. share of economy
Data tables
- Industry Multiples (-)
- Industry Tax Structure (-)
- Income Statement (-)
- Balance Sheet (-)
- Liquidity Ratios (-)
- Coverage Ratios (-)
- Leverage Ratios (-)
- Operating Ratios (-)
- Cash Flow & Debt Service Ratios (-)
- Revenue per Employee (-)
- Revenue per Enterprise (-)
- Employees per Establishment (-)
- Employees per Enterprise (-)
- Average Wage (-)
- Wages/Revenue (-)
- Establishments per Enterprise (-)
- IVA/Revenue (-)
- Imports/Demand (-)
- Exports/Revenue (-)
Detailed analysis
-
Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (-)
- IVA (-)
- Establishments (-)
- Enterprises (-)
- Employment (-)
- Exports (-)
- Imports (-)
- Wages (-)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Hospital Bed Manufacturing in the US industry in United States in ?
The market size of the Hospital Bed Manufacturing in the US industry in United States is $2.8bn in .
How many businesses are there in the Hospital Bed Manufacturing in the US industry in ?
There are 30 businesses in the Hospital Bed Manufacturing in the US industry in United States,
which has grown
at a CAGR of 0.7 % between and .
Has the Hospital Bed Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Hospital Bed Manufacturing in the US industry in United States has been
growing
at a CAGR of 2.1 % between and .
What is the forecast growth of the Hospital Bed Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Hospital Bed Manufacturing in the US industry in United States is expected to
grow.
What are the biggest companies in the Hospital Bed Manufacturing in the US market in United States?
The biggest company operating in the Hospital Bed Manufacturing market in United States is Hill-Rom Holdings, Inc.
What does the Hospital Bed Manufacturing in the US in United States include?
Manufacturing hospital beds and other specialized hospital furniture and Researching and developing hospital beds and other specialized hospital furniture are part of the Hospital Bed Manufacturing in the US industry.
Which companies have the highest market share in the Hospital Bed Manufacturing in the US in United States?
The company holding the most market share in United States is Hill-Rom Holdings, Inc..
How competitive is the Hospital Bed Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Hospital Bed Manufacturing in the US industry in United States.
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Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld's editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld's global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld's analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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