The market for bed head panels is anticipated to reach US$ 2.8 billion by 2022 and develop at a CAGR of 3% from 2022 to 2032. The bed head panel market share is anticipated to be valued at around US$3.8 billion by the end of 2032.
In every well-known hospital set up, the bed head panel business has shown to be quite profitable for ICU scenarios. These are frequently used as an indispensable structure of convenience in a variety of primary and special care settings in medical facilities and hospitals, which has boosted the sales of bed head panels in the current market.
Based on specific design requirements that can suit the needs of patients and medical staff, users need bed head panels. All of these standards include medical alert systems, medical gas outlets, transmission line-connected pressure ports, and electrical and communication channels. These features have been shown to contribute to the expansion of the bed head panel market over the past several years.
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Electric wiring and medicinal gas pipe outlets are located in a variety of customizable structures, depending on the requirements of the patients or end users. The bed head panel market size has grown significantly as a consequence of the use of novel materials to make bed head panels that are non-flammable, permit electrostatic protection, and work with a variety of patient services.
Less well-known healthcare facilities provide patients with a variety of services, much like hospitals, but they benefit from earlier opening times and same-day release. More than half of all outpatient treatments are handled by these services, making it a lucrative industry in the current bed head panel market.
The size of the worldwide bed head panel market is expanding as a result of rapid technological advancements and the existence of significant medical device companies in developed European nations. Therefore, throughout the projection period of 2022 to 2032, Europe is anticipated to continue to have a commanding position in the global head panel market share.
Key Takeaways from Market Study
- According to the average CAGR of 3%, the overall bed head panel market is expected to expand by over US$ 1 Billion over the next ten years.
- On the basis of specialty, the market for bed head panels is dominated by ICU products, which account for around 40% of sales achieved globally, while the surgical bed head panel segment is projected to develop at the fastest pace during the projection period.
- Based on several end users of the target market, conventional hospitals constitute the largest segment with the highest sales, accounting for over 40% of total income. But from the other end, the clinical bed head panel segment has grown in popularity recently and is expected to have a CAGR over the years from 2022 to 2032.
- Among the major geographical areas, European bed head panels dominate the global market with a share of more than 37.8% in the year 2021. Contradictorily, the Asia Pacific bead head panel market has recently picked up steam and is expected to increase at an above-average annual growth rate.
Competitive Landscape
Some of the well-known bed head panel market players are among others Precision UK Ltd., Baxter, Novair Medical, Amcaremed Medical, Amico Group of Companies, Drägerwerk AG & Co. KGaA, BIOLUME, BeaconMedaes, Silbermann, and INMED among others
Recent Developments in the Bed Head Panel Market:
- For instance, Indutrade AB, a worldwide technology and industrial firm conglomerate with over 200 organizations involved in over 30 countries, acquired Precision UK Ltd. in May 2018. It develops, produces, and distributes products with a high technological content in several industries including bed head panel manufacturing.
- Hill-Rom Company was purchased by Baxter International, Inc., which is a major player in medical advancements, in December 2021. To reach a greater patient base and health professionals globally, the company plans to introduce historical Welch Allyn and Hill-Rom goods into new international markets that might further boost its sales of bed head panels in the coming decade.
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Bed Head Panel Market by Segmentation
By Specialty Type:
- ICU
- Surgical
- Others
By End Use:
- Hospitals
- Clinics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Table of Content
1. Executive Summary | Bed Head Panel Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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