The global bed head panel market size is anticipated to reach USD 3.1 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.1% from 2020 to 2027. Increasing volume of chronic care patients and rising investments in healthcare infrastructural development are driving the market.
Increase
in the number of patients needing medical care is expected to propel market
growth. For instance, escalating geriatric population, surging prevalence of
chronic and infectious diseases has resulted in significant increase in
hospital admissions for critical care. This, in turn, has led to uplifting
demand for bed head panels installation in healthcare settings.
Emergence
of highly sophisticated hospitals such as super-specialty and multi-specialty
hospitals will increase the demand for the installation of bed head panels. For
instance, according to American Hospital Association statistics in 2020, there
were 6,146 acute care and critical access hospitals in the U.S.
Furthermore,
growing funding on healthcare infrastructure in developing economies is
anticipated to support market growth. For instance, the Federation of German
Industries (BDI) launched the initiative- “Healthcare Infrastructure in
Developing Countries and Emerging Markets” aim to improve the healthcare
services for large segments of the population.
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Bed Head Panel
Market Report Highlights
- Based on
specialty, the ICU segment dominated the overall market with a revenue
share of 39.9% in 2019. The increasing rate of ICU admission due to high
prevalence of chronic diseases, fatal injuries, and aging population is
expected to support segment growth
- On the basis
of end use, the hospitals segment dominated the overall market with a
revenue share of 43.5% in 2019 owing to increasing number of hospitals and
rising government funding for hospitals. For instance, the government of
Australia provides 41.0% of the public hospital funding and 24.0% of the
private hospital funding
- Europe
dominated the market with the highest revenue share of 37.9% in 2019 due
to high incidence rate of chronic disorders and extensive public funding
in the healthcare system
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Bed Head Panel
Market Segmentation
Grand View Research has
segmented the global bed head panel market on the basis of specialty, end-use,
and region:
Bed Head Panel
Specialty Outlook (Revenue, USD Million, 2016 - 2027)
- ICU
- Surgical
- Others
Bed Head Panel
End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals
- Clinics
- Others
Bed Head Panel
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
List of Key
Players of Bed Head Panel Market
- Precision UK Ltd
- Hill-Rom Services, Inc.
- Novair Medical
- Amcaremed Medical
- Amico Group of Companies
- DrAger
- BIOLUME
- BeaconMedaes
- Silbermann
- INMED
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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