At 5.6% CAGR, the global Medical Headwalls market is estimated to accumulate US$ 1,209.1 million by 2027, says The Insight Partners

According to The Insight Partners market research study of ‘Medical Headwalls to 2027 – Global Analysis and Forecasts by Product Type and Application,’ the market is anticipated to reach US$ 1,209.1 million by  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.

Based on the product type, the Global Medical Headwalls Market is segmented into horizontal and vertical.In 2018, the horizontal salessegment 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 industryis 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., SchönnMedizintechnik 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.

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.

Leading players shaping global Medical Headwalls market trends are 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.