The market for bedhead panels is anticipated to reach US$ 2.8 billion by 2022 and increase at a CAGR of 3% from 2022 to 2032. The bed head panel market share is anticipated to be valued at around US$3.8 billion by the end of 2032.
In many countries, particularly in the U.S. and Europe, the number of emergency care cases is dramatically increasing. The majority of the global bed head panel market is held by facilities that offer excellent patient care while upholding a secure atmosphere and offering a variety of amenities for the sector’s traditional end users.
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Similar to a hospital, less well-known healthcare facilities provide a variety of services to patients, but they also often feature shorter waiting times and same-day release options. More than half of all outpatient treatments are handled by these services, making it a lucrative industry in the current bed head panel market.
The size of the worldwide bed head panel market is expanding as a result of rapid technological advancements and the existence of significant medical device companies in the developed European nations.
Therefore, throughout the projection period of 2022 to 2032, Europe is anticipated to continue to have a commanding position in the global head panel market share.
Key Takeaways from Market Study
- According to the average CAGR of 3%, the overall bed head panel market is expected to expand by over US$ 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.
- On the basis of 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
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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 a number of 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. In order 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.
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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