PUBLISHER: The Business Research Company | PRODUCT CODE: 1518239
PUBLISHER: The Business Research Company | PRODUCT CODE: 1518239
A bed head panel is a fixture installed behind hospital beds, integrating essential medical utilities such as electrical outlets, gas supplies, lighting, and communication systems. It provides convenient access to these services, streamlining patient care and enhancing healthcare efficiency while improving patient safety.
The main types of bed head panels include vertical and horizontal configurations. Vertical bed head panels are wall-mounted headboards that extend vertically, often featuring integrated lighting, storage, and mounts for medical equipment to optimize space utilization. They are utilized in various medical specialties, including intensive care units (ICUs), surgical units, and others, by hospitals, clinics, and other end-users.
The bed head panel market research report is one of a series of new reports from The Business Research Company that provides bed head panel market statistics, including bed head panel industry global market size, regional shares, competitors with a bed head panel market share, detailed bed head panel market segments, market trends and opportunities, and any further data you may need to thrive in the bed head panel industry. This bed head panel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 growth in the historic period can be attributed to various factors including healthcare infrastructure development, an aging population, regulatory standards, urbanization, and economic growth.
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%. The growth in the forecast period can be attributed to ongoing innovation, increasing healthcare expenditure, the demand for infection control measures, expansion of telemedicine services, and the adoption of sustainable practices. Major trends expected in this period include the integration of technology, customization and personalization of healthcare solutions, a focus on sustainability, incorporation of health and wellness features, and the implementation of space-saving solutions.
The growth of the bed head panels market is expected to be driven by an increase in hospitalization rates. Hospitalization, the process of admitting patients to a hospital for medical care, observation, treatment, or surgery not feasible on an outpatient basis, is on the rise due to factors such as an aging population and the growing prevalence of chronic diseases. Bed head panels streamline patient care during hospital stays by integrating essential medical utilities such as electrical outlets, gas supplies, lighting, and communication systems behind hospital beds. For example, according to the National Health Service, hospital admissions in the UK increased by approximately 25% from 2020-2021 to 2021-2022, rising from 12.81 million patients to 15.97 million respectively. Therefore, the upward trend in hospitalization rates is fueling the growth of the bed head panels market.
The increasing demand for healthcare infrastructure is also expected to contribute to the growth of the bed head panels market. Healthcare infrastructure encompasses the physical and organizational components that support the delivery of medical services and healthcare within a community or region. Factors such as population growth, aging demographics, advancements in medical technology, and the expansion of healthcare coverage drive the need for enhanced infrastructure. Bed head panels serve as a centralized point for essential medical services and utilities, improving efficiency and patient care in hospital settings. For example, the Department of Health and Aged Care in Australia plans to invest $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. Consequently, the growing demand for healthcare infrastructure is propelling the bed head panels market.
Major companies in the bed head panels market are innovating by developing products such as modular bedheads to offer greater customization options and improve adaptability to different room sizes. Modular bedheads, composed of adjustable panels, allow for easy reconfiguration to fit various bed sizes and design preferences. For instance, Heatherly Design, an Australia-based furniture company, introduced Zara, a modular bedhead, in October 2023. Zara's three panels offer unprecedented flexibility and customization, catering to various living spaces and personal preferences. Crafted with high-quality materials and featuring a contemporary design, Zara enhances bedroom aesthetics while promoting sustainability through reduced furniture replacement needs.
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., Dragerwerk 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
Europe was the largest region in the bed head panel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bed head panel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the bed head panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The bed head panel market consists of sales of power sockets, nurse call systems, oxygen and suction outlets, and adjustable lighting. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bed Head Panel Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bed head panel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bed head panel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bed head panel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.