PUBLISHER: Grand View Research | PRODUCT CODE: 1404838
PUBLISHER: Grand View Research | PRODUCT CODE: 1404838
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.