The medical headwalls marketis anticipated to reach US$ 1,209.1 millionby 2027 from US$ 787.1 million in 2019. The market is anticipated to grow with a CAGR of 5.6% from 2020–2027.
The report provides trends prevailing in the global medical headwalls market and the factors driving the market along with those that act as hindrances. The market for medical headwalls is expected to grow, owing to factors such as increasing prevalence of chronic diseases, andgrowing hospital industry. Moreover, increasing number of super specialty and multi-specialty hospitals are likely to contribute to the growth of the market in coming years.
Lucrative Regional Markets
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
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.
ApplicationInsights
Based on application, the global medical headwallsmarket is been segmented into intensive care unit (ICU)/critical care unit (CCU), post-anesthesia care unit (PACU), patient rooms, and other applications. In 2018, the intensive care unit (ICU)/critical care unit (CCU)segment held the largest share of the market and is expected to grow at the fastest rate during the forecast period.
Medical Headwalls Market, by Application
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Product Type-Based Market Insights
Based on product,the medical headwalls market is segmented into horizontal and vertical. In 2019, the horizontal segment held a larger share of the market and is anticipated to witness a significant CAGR of 5.8% during the forecast period owing to the major applications of this product type in the hospitals.
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Medical Headwalls Market: Strategic Insights
Market Size Value in US$ 787.1 Million in 2019 Market Size Value by US$ 1,209.1 Million by 2027 Growth rate CAGR of 5.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Medical Headwalls Market: Strategic Insights
Market Size Value in | US$ 787.1 Million in 2019 |
Market Size Value by | US$ 1,209.1 Million by 2027 |
Growth rate | CAGR of 5.6% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystProduct launches and product approval strategies are commonly adopted by companies to expand their footprints and product portfolio worldwide and meet the growing demand.For instance, in March 2019, Atlas Copco has acquired Class 1 Incorporated, a medical headwall company. This acquisition will result infurther strengthening the position of both the companies in the market.
Medical headwalls Market – By Product
Global Medical Headwalls Market – By Product Type
- Horizontal
- Vertical
Global Medical Headwalls Market – By Application
Global Medical Headwalls Market – By Application
- Intensive Care Unit (ICU)/Critical Care Unit (CCU)
- Post-Anesthesia Care Unit (PACU)
- Patient Rooms
- Other Applications
BY GEOGRAPHY
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Spain
- Italy
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
South and Central America
- Brazil
- Argentina
Company Profiles
- Dragerwerk AG & Co. Kgaa
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- INTERSPEC SYSTEMS
- Modular Services Company
- Class 1 Inc.
- AMICO GROUP OF COMPANIES
- Hospital Systems, Inc.
- SchönnMedizintechnikGmbh.
- Wittrock Healthcare
- Nexxspan Healthcare, Llc
- Futrus, LLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Application /Critical Care Unit and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The List of Companies - Medical Headwalls Market
- Dragerwerk AG & Co. KGaA
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- INTERSPEC SYSTEMS
- Modular Services Company
- Class 1 Inc.
- AMICO GROUP OF COMPANIES
- Hospital Systems, Inc.
- SchönnMedizintechnik GmbH.
- Wittrock Healthcare
- NEXXSPAN HEALTHCARE, LLC
- Futrus, LLC.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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