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Bed Head Panel Market Report 2024: Trends, Share, Size, In-Depth Analysis And Forecast To 2033
Bed Head Panel Market Report
As per the report, the bed head panel market size has grown strongly in recent years. It will grow from $2.73 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The bed head panel market size is expected to see strong growth in the next few years. It will grow to $3.50 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
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Rising Hospitalization Rates Fueling Demand For Bed Head Panels
An increase in hospitalization rates is expected to propel the growth of the bed head panels market going forward. Hospitalization is the process of admitting a patient to a hospital for medical care, observation, treatment, or surgery that cannot be provided on an outpatient basis. Hospitalization rates are rising due to an aging population and the increasing prevalence of chronic diseases. Bed head panels streamline patient care during hospitalization by integrating essential medical utilities such as electrical outlets, gas supplies, lighting, and communication systems behind hospital beds. For instance, in September 2022, according to the National Health Service, a UK-based government agency, hospital admissions in the UK increased by approximately 25% from 2020-2021 to 2021-2022, rising from 128,131,120 patients to 159,794,490, respectively. Therefore, the increase in hospitalization rates is driving the growth of the bed head panels market.
Rising Demand For Healthcare Infrastructure Fuels Growth In The Bed Head Panels Market
The increasing demand for healthcare infrastructure is expected to propel the growth of bed head panels market going forward. Healthcare infrastructure refers to the physical and organizational components, including facilities, equipment, personnel, and systems, that collectively support the delivery of medical services and healthcare within a community or region. Increasing demand for healthcare infrastructure can be attributed to factors such as population growth, aging demographics, advancements in medical technology, rising prevalence of chronic diseases, and the expansion of healthcare coverage and services. Bed head panels provide a centralized point for essential medical services and utilities such as oxygen outlets, electrical sockets, nurse call systems, lighting, and data ports, improving efficiency and enhancing patient care in hospital settings. For instance, in March 2022, according to the Department of Health and Aged Care, an Australia-based government agency in charge of funding, promoting, regulating, and performing health research, the newly elected Coalition is going to invest an all-time high of $132 billion in healthcare infrastructure in 2022-23, increasing to $140 billion in 2025-26 for a total commitment of $537 billion over the following four years. Therefore, the increasing demand for healthcare infrastructure is driving the growth of the bed head panels market.
Innovative Modular Bedheads Revolutionizing Bedroom Design
Major companies operating in the bed head panels market are developing innovative products such as modular bedheads to provide greater customization options, improve adaptability to different room sizes, and enhance the overall aesthetic and functionality of bedroom spaces. Modular bedheads are customizable headboards composed of multiple adjustable panels that can be reconfigured to fit various bed sizes and design preferences. For instance, in October 2023, Heatherly Design, an Australia-based furniture company, launched Zara, a modular bedhead, designed to offer unprecedented flexibility and customization in bedroom furniture. The Zara bedhead, crafted with three panels, allows users to easily adjust the size and style, making it ideal for various living spaces and personal preferences. Made with high-quality materials and featuring a contemporary design with inlaid contrast piping, Zara enhances bedroom aesthetics and also promotes sustainability by reducing the need for frequent furniture replacement.
The bed head panel market covered in this report is segmented -
1) By Type: Vertical Bed Head Panels, Horizontal Bed Head Panels
2) By Specialty: Intensive Care Unit (ICU), Surgical, Other Specialties
3) By End Use: Hospitals, Clinics, Other End-Users
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Major companies operating in the bed head panel market are Siemens Healthineers AG , Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Baxter International Inc., Medline Industries Inc., Drägerwerk AG & Co. KGaA , Getinge AB, Amico Group of Companies, BeaconMedaes , Ondal Medical Systems, Skytron LLC, Starkstrom, BioLume Inc., Brandon Medical, Shanghai Zhenghua Medical Equipment, Novair Medical, Precision United Kingdom Ltd., Altos Engineers Pvt Ltd., Creative Health Tech Pvt, J K Engineering, Silbermann Group, Tedisel Iberica SL. , Megasan Medikal, InMed Pharmaceuticals
Contents of the report:
1. Executive Summary
2. Bed Head Panel Market Report Structure
3. Bed Head Panel Market Trends And Strategies
4. Bed Head Panel Market - Macro Economic Scenario
5. Bed Head Panel Market Size And Growth
…..
27. Bed Head Panel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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