Medical Headwalls Market Size & CAGR (2023-2031)
The medical headwalls market size in 2021 stood at US$ 868.08 million and is projected to reach US$ 1,468.31 million by 2031 from US$ XX billion in 2023. The market is expected to register a CAGR of 5.5% in 2023–2031. Increasing number of super specialty and multispecialty hospitals and infrastructure development are likely to remain key medical headwalls market trends.
Medical Headwalls Market Analysis
The market for medical headwalls is predicted to increase because to factors such as the increasing prevalence of chronic diseases and the expanding hospital industry. Furthermore, increasing public-private partnerships in the healthcare industry will contribute to market growth in the coming years.
Medical Headwalls Market Overview
Medical headwalls are essential in hospitals, nursing homes, specialty hospitals, multispecialty hospitals, and other settings. Headwalls are wall-mounted equipment management systems that provide electrical services and horizontal distribution outlets for medical gases such as oxygen, air and vacuum. Hospital headwalls are predicted to increase steadily in the future market. However, product diversification, cost reduction, and supply chain optimization are still critical for the widespread adoption of the hospital headwall. The increasing preference for home healthcare is likely to hamper the growth of the market.
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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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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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Speak to AnalystMedical Headwalls Market Drivers and Opportunities
Increase in Medical Headwalls Worldwide to Favor Market Growth
The increased number of daily hospitalizations has resulted in an increase in private hospitals and clinics. Hospitals are shifting from stick-built headwall construction to a wall-mounted equipment management system to create ease of experience for medical staff, patients, and visitors. Thus, the increasing prevalence of chronic diseases like CVD, cancer, diabetes, and others are responsible for the raise in the number of hospitalizations, which is driving the medical headwalls market growth.
Growing Public Private Partnership in Healthcare Industry
Health systems are becoming more integrated, addressing care requirements along the continuum and employing technology to improve delivery. PPPs focused on developing and rebuilding crucial hospital infrastructure; integrated PPPs incorporated clinical service delivery and private sector management methods to improve care quality and access to specialized care. For example, strengthen emergency hospital services in one of Brazil's most neglected districts. The local government engaged the International Finance Corp. (IFC), a member of the World Bank Group, to implement the PPP framework for the new hospital.
Medical Headwalls Market Report Segmentation Analysis
Key segments that contributed to the derivation of the medical headwalls market analysis are product type and application.
- Based on product type, the medical headwalls market is bifurcated into horizontal and vertical. The horizontal segment held a larger market share in 2023.
- By application, the market is divided into intensive care unit (ICU)/critical care unit (CCU), Post-anesthesia Care Unit (PACU), patient rooms, and other applications. The intensive care unit (ICU)/critical care unit (CCU) segment held the largest share of the market in 2023.
Medical Headwalls Market Share Analysis by Geography
The geographic scope of the medical headwalls market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the medical headwalls market. The projected growth of the medical headwalls market is attributed to the presence of the large number of hospitals in the region. Moreover, the rising prevalence of chronic diseases, coupled with initiatives taken by the regional players, is anticipated to fuel market growth during the forecast period.
Medical Headwalls Market Report Scope
Medical Headwalls Market News and Recent Developments
The medical headwalls market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for medical headwalls:
- Modular Services Company, the leading manufacturer of prefabricated headwalls, launched new Form Visualizer, a virtual design tool that makes designing headwalls for healthcare spaces easier than ever. With this user-friendly interface, headwalls from the Form Collection can be created and customized in just a few clicks. (Source: Modular Services Company, Newsroom, 2023)
- Class 1 Incorporated (“Class 1”) has acquired the business of MedCore Services Inc (“MedCore”) and will be integrating MedCore into the operations of Class 1 effective January 16th, 2023. (Source: Class 1 Inc., Newsroom, 2023)
Medical Headwalls Market Report Coverage and Deliverables
The “Medical Headwalls Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
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 Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
A typical research interview fulfils the following functions:
- 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.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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