The market for bed head panel is anticipated to grow at a CAGR of 3% between 2022 and 2032, reaching a market worth of US$ 2.8 billion by 2022. By 2032’s conclusion, it’s estimated that the bed head panel market share will be worth roughly US$ 3.8 billion.
Many countries, notably the U.S. and Europe, are seeing a sharp increase in the incidences of emergency treatment. Institutions offering high-quality patient care while upholding a secure setting and offering a variety of amenities for the traditional end users of the global bed head panel market share.
Similar to hospital, other less popular health care centers provide patients a number of facilities with the advantages over them of quicker operation times and same-day release. More than half of all outpatient operations are be handled by these services rendering it as a lucrative segment for the present day global bed head panel market.
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The global bed head panel market size is also expanding as a result of quick technological advancements and the presence of key medical device companies in the advanced European countries. As a result, over the forecast period of 2022 to 2032, Europe region is anticipated to remain dominant in the global head panel market share as a whole.
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 panel 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, the 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 segmenthas 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 dominates 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.
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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 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 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 panel 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
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