By 2022, the market for bed head panels is projected to be worth US$ 2.8 billion, growing at a CAGR of 3% between 2022 and 2032. By the end of 2032, the bed head panel market share is projected to be worth roughly US$ 3.8 billion.
| Attributes | Value |
| Bed Head Panel Market Size (2022) | US$ 2.8 Billion |
| Bed Head Panel Market Projected Size (2032) | US$ 3.8 Billion |
| Bed Head Panel Market Value CAGR (2022-2032) | 3% |
Emergency treatment cases are rising sharply throughout several nations, especially in the U.S. and Europe. Institutions that provide top-notch patient care while maintaining a safe environment and providing a range of amenities for the industry’s traditional end customers have the lion’s share of the worldwide bed head panel market.
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Similar to a hospital, less well-known health care institutions offer patients a range of services, but have the advantages of quicker opening hours and same-day discharge. These services handle more than half of all outpatient procedures, making it a profitable sector for the current global bed head panel market.
Due to swift technical improvements and the presence of major medical device businesses in the developed European nations, the size of the global bed head panel market is also growing.
Europe is therefore expected to maintain its leadership in the worldwide head panel market share over the projection period of 2022 to 2032.
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.
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 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.
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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