A Comprehensive Guide to Choosing the Right Hospital Bed

30 Dec.,2024

 

A Comprehensive Guide to Choosing the Right Hospital Bed

Hospital beds provide safety, comfort, and mobility to a broad range of patients who have varying health conditions. They allow healthcare professionals and caregivers to meet the diverse needs of their patients within a healthcare facility, and home hospital beds can be used to assist with recovery or maximize long-term care in the comfort of an individual&#;s home. But choosing the right hospital bed can be tricky.

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With so many different types of hospital beds out there, deciding on one can be overwhelming, which is why we&#;re here to help. In this article, we will cover all there is to know about hospital beds to help you make an informed decision.

What is a Hospital Bed?

A hospital bed is a bed specifically designed for those in need of some form of healthcare. Unlike a regular bed, these beds are adjustable and come with special features that help provide comfort and an increased sense of well-being for those who are elderly, disabled, or chronically ill.

Plus, adjustable hospital beds make it easier for caregivers to manage a patient&#;s needs and provide quality care. While typically found in healthcare facilities, such as hospitals, nursing homes, assisted living facilities, and outpatient clinics, hospital beds can also be used for home healthcare.

Types of Hospital Beds

There are three main types of hospital beds: manual hospital beds, semi-electric hospital beds, and fully electric hospital beds. Additionally, there are more specialized options, such as bariatric hospital beds. In this section, we take a look at the features, pricing, advantages, and disadvantages of these different types of hospital beds.

Manual hospital beds

A manual hospital bed uses hand cranks to adjust the bed&#;s height, and raise and lower the head and foot sections. Typically, the hand crank is found at the foot of the bed, and it requires someone physically capable to operate it.

Prices for a manual hospital bed range from $250 &#; $700. While a manual bed is the cheapest option when it comes to hospital beds, they do lack the more robust features that can be found on semi-electric and fully electric beds.

The following are some pros and cons of manual hospital beds:

Pros of Manual Hospital Beds

  • Most affordable type of hospital bed
  • Great for those who don&#;t require frequent repositioning

Cons of Manual Hospital Beds

  • Lack of features
  • Manual adjustments can put a physical strain on the caregiver

Semi-electric hospital beds

A semi-electric hospital bed utilizes both electric and manual adjustments. Typically, the bed height is adjusted via a hand crank, while an electric motor operated with a remote raises and lowers the head and foot sections. Pricing for these models ranges from $600 &#; $. 

The following are some pros and cons of semi-electric hospital beds:

Pros of Semi-Electric Hospital Beds

  • More affordable than fully electric beds
  • Users can adjust head and foot sections

Cons of Semi-Electric Hospital Beds

  • Caregiver needed to adjust height
  • Hand crank can put physical strain on the caregiver

Fully electric hospital beds

A fully electric hospital bed has an electric motor that adjusts the height and head and feet sections. With the push of a button, the patient can control the positioning of the bed, decreasing the reliance on a caregiver and increasing the patient&#;s independence. Prices for electric hospital beds range from $900 &#; $. 

The following are some pros and cons of electric hospital beds:

Pros of Fully Electric Hospital Beds

  • Users can adjust bed with no assistance
  • Advanced features, such as the ability to move into the Trendelenburg and reverse Trendelenburg positions
  • No physical strain put on caregivers to adjust the bed

Cons of Fully Electric Hospital Beds

  • Most expensive type of hospital bed

Bariatric hospital beds

Bariatric hospital beds are designed for larger individuals. These beds are sturdier, reinforced versions of the manual, semi-electric, and fully electric hospital beds, and they are recommended for those who weigh 350 to 750 pounds. 

Here are some pros and cons of bariatric hospital beds:

Pros of Bariatric Hospital Beds

  • Better support and comfort 
  • Safer and prevents shifting and sagging

Cons of Bariatric Hospital Beds

  • Larger size means the bed takes up more space
  • Fully electric models are the most expensive type of hospital bed

Key Features of Hospital Beds

Hospital beds come with a variety of features, and the type of capabilities your bed will need will depend on the mobility and health conditions of the patient or loved one. Here are five important features to consider when buying a hospital bed:

  • Adjustability: Hospital bed frames can be adjusted to higher and lower positions as needed. In addition, the head section can rise up or down independently of the foot section and vice versa.
  • Side rails: These beds have securely attached side rails that can be raised or lowered, and they provide protection and support to help patients feel more secure. Additional assist rails can be added to further help patients with mobility issues get in and out of bed.
  • Mattress types: The type of mattress needed is impacted by the amount of time spent in bed as well as the individual&#;s health condition. If the patient will be in bed most or all of the day, they will need a mattress that is designed to prevent bedsores and other issues common to prolonged periods of lying down. There are gel or memory foam mattresses and other specialty options depending on needs.
  • Mobility: Hospital beds can come with casters and brakes that make it easy to maneuver the bed. Locks and brakes keep the bed in place and prevent it from moving around. 
  • Accessories: Different accessories that suit a patient&#;s needs can be added to the hospital bed. Overbed tables provide patients with a flat surface for eating or placing down any of their belongings, and these tables give caregivers a place to set supplies while providing care. IV poles that attach to the legs of hospital beds offer a tip-free means of administering IV therapy or enteral feedings. Overhead trapeze bars allow patients to lift themselves and move in bed if they are weak or injured.

Benefits of Using a Hospital Bed At Home

Hospital beds aren&#;t just for hospitals and nursing homes. In fact, they are a great option to have at home for your loved one so that they can be in the comfort of their home during periods of illness. Here are five benefits of home hospital beds:

  1. Enhanced patient comfort and support: A good hospital bed mattress will be more comfortable than a standard mattress. They are designed to align with the body&#;s natural contours, so they help prevent discomfort. Plus, hospital beds allow you to easily adjust positions so that you can find a comfortable position, which also helps improve sleep quality.
  2. Improved caregiver access and safety: Hospital beds make it much easier for caregivers to manage a patient&#;s needs. These beds can be adjusted to appropriate heights to help better facilitate necessary care, and it helps ease any physical strain a caregiver may encounter from having to move patients.
  3. Facilitation of medical procedures and treatments: Caregivers can better perform any procedures or treatments required for care since patients will be in less awkward or unnatural positions.
  4. Prevention of pressure ulcers and bedsores: Since the angle and position of the bed can be adjusted, hospital beds provide pressure relief and reduce areas that become sore or painful from lying still for long periods of time. 
  5. Keep people home: Most people want to recover in the comfort of their homes. Hospital beds for home allow you to stay out of the often cold, clinical setting of hospitals and stay home despite any health or mobility issues. 

Considerations When Choosing a Hospital Bed

Buying a hospital bed is a big investment, so be sure to properly research the available options. Before buying a hospital bed, here are a few things to consider:

  • Patient needs: Every patient is unique and has different needs depending on their health condition. Weight capacity is also important as serious injuries can occur if a bed frame collapses due to excess weight. When determining weight capacity, consider the weight of the user, mattress, bed linens, and anything else that would sit on top of the bed, such as a loved one relaxing with a patient. Also, consider the patient&#;s mobility requirements. A highly adjustable hospital bed is best for unsteady patients with balance issues. A fully electric bed may be the best option for someone who cannot operate a hand crank.
  • Space and placement: Make sure there is plenty of space for the hospital bed. While healthcare facilities will typically factor in the amount of space they need for hospital beds, this might be a more challenging issue for home hospital beds. You need room not only for the bed but also for the caregiver so that they can maneuver around the patient and the bed. Don&#;t forget, you&#;ll also need space for any additional accessories. Wondering how big a hospital bed can be? Read our guide here.
  • Budget and price: Buying a hospital bed can be costly, so be sure to budget appropriately. If you are unable to buy a new bed, buying a used hospital bed is also an option, as well as renting.
  • Quality and durability of the bed: If a patient is bedridden for an extended period of time, electric hospital beds provide long-term comfort and durability. Semi-electric and manual beds are more suited for short-term use.
  • Supplier reputation and customer service: Make sure to research the suppliers of the hospital beds you are considering. Check customer reviews and consider the quality of customer service, because you might need help with setup, operation, and maintenance.

Buying vs. Renting a Hospital Bed

Should you buy or rent a hospital bed for home? There are pros and cons to both, and it depends on your situation. In this section, we help you determine whether you should buy or rent a home hospital bed.

Renting a Hospital Bed

The following are the pros of renting a hospital bed:

  • Short-term use: If the user is expecting to need a hospital bed for only a month or two, renting is the more practical option. Short-term rentals are a more cost-effective solution for those expecting a quick recovery.
  • Try before you buy: If you are on the fence about buying an at-home hospital bed, renting allows you to try it out before making a long-term commitment. 
  • Maintenance: Renting a hospital bed means you don&#;t have to worry about any maintenance or repairs. The rental company will take care of any issues that arise.

Here are the cons of renting a hospital bed:

  • Higher long-term costs: Renting is the less-expensive option for short-term needs, but this isn&#;t the case for long-term illnesses. If you plan on having the bed for a significant period of time, you will likely spend more on renting. On average, it can cost anywhere from $200 to $500 a month to rent a hospital bed. 
  • Limited choice: Typically, rental companies stock a limited range of hospital beds that they buy in bulk. You won&#;t have all the options available to you that you would have if you were to buy, which includes customizations and accessories. 
  • Quality concerns: Most likely, any hospital bed you rent will have been used by many different people, so they might not come to you in the best condition. While they are cleaned and disinfected before delivery, there is no guarantee that they are entirely free of other people&#;s germs. If the user of the hospital bed is immunocompromised, it is even more imperative that you carefully consider if renting is right for you.

Buying a Hospital Bed

Now that we&#;ve covered the pros and cons of renting a hospital bed, let&#;s look at the pros of buying a hospital bed:

  • Long-term savings: Purchasing a hospital bed is more cost-effective in the long run when it comes to injuries and illnesses that require extended recovery times. Long-term rentals end up being more costly than buying.
  • Freedom of choice: When you buy, you are free to choose whatever type of hospital bed and customize it with the specifications and features you deem the most necessary for your health condition. 
  • Ownership: Buying a hospital bed means you will have complete ownership, so you can modify and personalize it however you want. 

Here are the cons of buying a hospital bed:

  • Upfront costs: Buying a home hospital bed usually means that you have to pay for it upfront, and many companies don&#;t accept insurance. However, a lot of suppliers offer financing to those who qualify in order to ease the burden of high upfront costs.
  • Maintenance: Should something break or go wrong, you will be responsible for fixing it. Make sure you&#;re shopping for a bed designed for home use and find out what kind of maintenance they require. A good, reliable supplier should be able to assist you with a repair if necessary.

The Bottom Line on Choosing The Right Hospital Bed

The right hospital bed is important for the well-being of aging, injured, or sick individuals. When looking to buy a hospital bed, be sure to consult healthcare professionals for personalized advice before you make a decision.

On the Mend is here to help as well. We have a full selection of hospital beds for you to browse and staff on hand to answer any and all questions. Contact us on our website or by at (844) 470-.

FAQ

What is a hospital bed?

A hospital bed is an adjustable bed specifically designed for those who are elderly, disabled, or chronically ill. They provide safety, comfort, and mobility to a broad range of patients with diverse needs.

What are the main types of hospital beds?

The main types of hospital beds are manual, semi-electric, fully electric, and bariatric hospital beds. 

What are the key features of home hospital beds?

Key features of hospital beds include adjustability, side rails, mattress types, mobility, and various accessories. 

Hospital Bed Manufacturing in the US - Market Research ...

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

To view the market share and analysis for all 1 top companies in this industry, view purchase options.

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.

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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.

Purchase this report to view all 1 major companies in this industry.

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.

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)

  • Business Locations

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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