Hospital Bed Manufacturing in the US industry analysis

26 Aug.,2024

 

Hospital Bed Manufacturing in the US industry analysis

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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.

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Market size is projected to grow over the next five years.

Industry revenue has grown at a CAGR of 4.4 % over the past five years, to reach an estimated $2.8bn in .

The cost structure for companies in the industry varies depending on several factors. Items affecting cost structure can differ depending on the level of the company's size a...

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Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.

The industry is primarily dominated by a few major players with significant market share. These established manufacturers benefit from their strong brand reputation, extensiv...

Learn about the performance of the top companies in the industry.

The industry exhibits a high level of competition. Typically, operators compete on the basis of price, quality and relationships with downstream markets, namely hospitals, wh...

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The location of establishments in the Southeast and West regions is largely influenced by the size of the population and the age distribution of the population. Women in thei...

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Industry products encompass a wide range of specialized beds and related equipment designed to meet the diverse needs of healthcare facilities. Hospital beds, the primary pro...

Industry demand is steadily rising due to factors such as population growth, aging demographics, advancements in medical technology and the expansion of healthcare infrastruct...

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

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

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Methodology

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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.

Learn more about our methodology and data sourcing on the Help Center.

25 largest health systems by hospital beds

Hospital bed counts can provide a granular measurement when assessing health system size.

There are about 920,000 staffed beds across U.S. hospitals. In conversation, hospital leaders express frustration today with the split position they find themselves in &#; they expect healthcare delivery to increasingly move out of the hospital, but there is need for more staffed beds today. 

Inpatient hospital volumes are set to increase by 2% over the next 10 years. Healthcare consultant Sg2 notes that the case mix index &#; reflecting patient severity &#; is up 5% since while the average length of stay for patients admitted to a hospital has risen 10%. 

Below are the top 25 U.S. health systems in descending order of hospital beds. Bed data is from the Compendium of U.S. Health Systems for , released in December , from the Agency for Healthcare Research and Quality. Find a listing of the largest hospitals by beds and health systems by hospitals here.

HCA Healthcare (Nashville, Tenn.): 37,478
CommonSpirit Health (Chicago): 17,107
Ascension Health (St. Louis): 16,103
Trinity Health (Livonia, Mich.): 14,706
Tenet Healthcare (Dallas): 12,690
Advocate Health (Charlotte, N.C.): 10,528
Community Health Systems (Franklin, Tenn.): 10,077
Providence (Renton, Wash.): 9,511
Kaiser Permanente (Oakland, Calif.): 9,217
AdventHealth (Altamonte Springs, Fla.): 8,041
Prime Healthcare Services (Ontario, Calif.): 6,473
Bon Secours Mercy Health (Cincinnati): 6,053
UPMC (Pittsburgh): 6,047
Lifepoint Health (Brentwood, Tenn.): 6,013
Universal Health Services (King of Prussia, Pa.): 5,792
Northwell Health (New Hyde Park, N.Y.): 5,287
Banner Health (Phoenix): 5,189
Cleveland Clinic: 5,106
Corewell Health (Grand Rapids, Mich.): 4,689
Mercy (Chesterfield, Mo.): 4,453
Steward Health Care System (Dallas): 4,143
SSM Health (St. Louis): 4,105
Baylor Scott and White Health (Dallas): 3,991
RWJBarnabas Health (West Orange, N.J.): 3,972
NewYork-Presbyterian Healthcare System (New York City): 3,970

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