Medical Headwalls Market is expected to reach US$ 1,209.1 million by Class 1 Inc.; Amico Group of Companies; Hospital Systems, Inc.; Futrus, LLC; Shenzhen Mindray Bio-Medical Electronics Co., Ltd., chönnMedizintechnik GmbH; Drägerwerk AG & Co. KGaA; Wit
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Based on the product type, the global medical headwalls market is segmented into horizontal and vertical. In 2018, the horizontal sales segment held a larger share of the medical headwalls market and is projected to dominate the market by 2027owing to its advantages such as, flexibility, slim design, and easy to clean. Further, these can be widely used in ICU/CCU, NICU, emergency department/trauma, LDR, PACU, transitional step-down, patient rooms, radiology, and special procedure departments.
The market for medical headwalls is expected to grow, owing to factors such as increasing prevalence of chronic diseases, and growing hospital industry. Moreover, growing public private partnership in healthcare industry is likely to have a positive impact on the growth of the market in the coming years.
Class 1 Inc.; Amico Group of Companies; Hospital Systems, Inc.; Futrus, LLC; Shenzhen Mindray Bio-Medical Electronics Co., Ltd., chönnMedizintechnik GmbH; Drägerwerk AG & Co. KGaA; Wittrock Healthcare; Nexxspan Healthcare, LLC; Modular Services Company; and Interspec Systemsare among the leading companies operating in the medical headwalls market. The market has observed some inorganic developments during recent years in the medical headwalls market. For instance, in March 2019, Atlas Copco acquired Class 1 Incorporated, a medical headwall company. This acquisition will result into further strengthening the position of both the companies in the market.
Growing Hospital Industry
The hospital industry in North America is growing. Although, the average hospital stay for a single person has been slightly decreased from 7 days to 5–6 days over the last couple of decades in the US, the total number of hospital admissions has increased to 36.5 million in 2017. An increase in the geriatric population is a major reason for driving the market in North America. For instance, according to the CDC, the total number of hospitals in 2014 was 5,627, and in 2019 the number has increased to 6,210.
The Indian hospital industry is also growing, owing to the factors such as rising investments on healthcare expenditurefrom government and private players, rising geriatric population, and rising number of hospitals. According to the Department of Industrial Policy and Promotion (DIPP), the hospital and diagnostic centers in India have attracted Foreign Direct Investment (FDI) of worth US$ 6 billion in the last couple of decades. Also, the Indian healthcare sector has witnessed 23 deals worth US$ 679 million until June 2018. Government initiatives have also helped drive the hospital industry in India. For instance, according to the Ministry of Health and Family Welfare, Government of India, a Memorandum of Understanding (MoU) has been signed between India and Cuba to increase cooperation in the areas of health and medicine.
Increasing number of Super Specialty and Multi-Specialty Hospitals
Multi-specialty hospitals offer more than two unique treatments in their hospitals; whereas, super specialty hospitals offer advanced subspecialties for a variety of disorders. The doctors in multi-specialty hospitals possess degrees such as MD medicine, MD Dermatology, and MS surgery. Whereas, in the super specialtyhospitals, the doctors are super specialists and have degrees such as DM neurology, McH urology, DM gastroenterology, and McH neurosurgery as in superspecialists— who have an education higher than an MD/MS.
Multi-specialty hospitals are the single doorway to the patients’ health care needs. They offer a wide range of treatment from newborn to the old aged population. These hospitals primarily focus on prevention, disease management, and appropriate clinical interventions.
Both multi-specialty and super specialty hospitals provide and promote quality care in health & wellness at an affordable cost to society. However, super specialty hospitals exist only in some countries and do not exist in other parts of the world. Thus, with growing healthcare needs and the rising preference for specialized treatment, the demand for medical headwalls is expected to grow during the forecast period.
The Report Segments Global Medical Headwalls Market as Follows:
Global Medical Headwalls Market – By Product Type
Global Medical Headwalls Market – By Application
Intensive Care Unit (ICU)/Critical Care Unit (CCU)
Post-Anesthesia Care Unit (PACU)
Global Medical Headwalls Market– By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)
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