May 2024 | Report Format: Electronic (PDF)
Bed Head Panel Market Growth & Trends
The global bed head panel market size is anticipated to reach USD 3.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 3.1% from 2023 to 2030. The market is expected to grow due to the increasing prevalence of chronic diseases such as cardiovascular disorders, cancers, and other chronic problems, along with the increasing technological advancements.
An important trend in the market is governments in various organizations seeking to improve healthcare infrastructure. The demand for specialized healthcare services in developing economies has enhanced the potential demand for inpatient room care facilities. The trend of payment for a variety of procedures in daycare and patient settings has been strong, driving the demand for better room care services.
According to FDA in October 2020, due to the COVID-19 public health emergency, there has been a high demand for mattresses, hospital beds, bed head panels, and stretchers to enhance healthcare capacity in healthcare systems & local hospitals via temporary expansion sites. To address the same, manufacturers from several industries, who are not traditionally associated with medical device manufacturing, are looking for resources to market and produce these devices for the healthcare community, which, in turn, is expected to drive market growth.
To achieve a larger market share, companies are employing a variety of techniques, including collaborations and the launch of new products. Stryker, for instance, donated 22,500 Emergency Relief Bed (ERB) units to Project C.U.R.E. in August 2020. The ERB Kits came with a mattress, IV pole, and bed frame. These kits were designed to assist those who were on the front lines of the global pandemic, from hospital emergency rooms to pop-up and triage care centers. The market is predicted to increase at a high rate as a result of these advancements.
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Bed Head Panel Market Report
Bed Head Panel Market Report Highlights
- The ICU segment accounted for the largest market share of 39.5% in 2022 owing to an increase in the number of accidents, high ICU admission rates, an aging population, and outbreaks of life-threatening infectious diseases, which are all driving the segment’s rise
- The hospital segment dominated the market with a share of over 43.7% in 2022. This is due to the increasing number of hospitals globally, and rising government funding for hospitals. For instance, the Australian government provides 41% of the public hospital funding and 24% of the private hospital funding
- In the Asia Pacific, the market is estimated to register the highest CAGR over the forecast period. Increasing awareness, rising healthcare expenditure, and various government initiatives are expected to drive market growth. Moreover, India and China are expected to grow at the fastest rate during the forecast period
List of Key Players of the Bed Head Panel Market
- Precision UK
- Baxter
- NOVAIR MEDICAL
- AmcareMed Medical Gas System
- Amico Group of Companies
- Drägerwerk AG & Co. KGaA
- BioLume, Inc.
- BeaconMedaes
- Silbermann
- INMED PHARMACEUTICALS INC.
