The Asia Pacific medical headwalls market is expected to reach US$ 358.62 million by 2027 from US$ 222.92 million in 2019; it is estimated to grow at a CAGR of 6.2% during 2020–2027.
The growth of the market is attributed to the rising number of private hospitals and increased government expenditure on healthcare. However, the increasing adoption of home care is hindering the market growth.
The medical headwalls system, an architectural structure in patient wards, combines electrical and medical gas functions along with aiding efficient handling of cords and tubing. The hospital headwalls decrease clutter caused by cords and tubing, provide healthcare staff an easy access to the patient care accessories, and enhance the esthetics of the room. The reduction of a visual clutter also creates a safer and more operative environment that allows medical professionals to work freely.
The rising number of hospitalizations per day results is leading to increase in the establishment of private hospitals and clinics. China had ~16,900 private hospitals in April 2017, which accounted for almost 57.2% of all hospitals. As per China's National Health and Family Planning Commission (NHFPC), the number of private hospitals in China has doubled since 2011. Moreover, the number of private health institutions also rose to 444,000, accounting for 45% of all health institutions. In 2018, the government introduced several policies to offer more support to private hospitals. In Japan, there were 8442 hospitals and 101 529 clinics in total in 2016. According to the Ministry of Health, Labour and Welfare 2017 data, the private sector (medical corporations and individuals) accounted from ~80% of hospitals in Japan. The requirement of emergency and long-term care among patients drives the growth of the medical headwalls market at a considerable rate. In 2016, there were total 123,554 out-of-hospital cardiac arrests (OHCA) in Japan. According to the Korea Biometric Review, South Korea possesses more long-term care beds than Japan, which is considered a super-aged society. Moreover, South Korea had the second-highest number of acute care beds among the Organization for Economic Co-operation and Development (OECD) countries in 2014; in contrast, Japan stands first. The hospitals in South Korea have 692,345 beds in total, and 35.6% percent of these beds, i.e., 246,373, belong to the long-term care hospitals, which account for only 12% of the total hospitals in the country. Thus, the rising rates of private hospitals increase hospitalizations, thereby boosting the demands for medical headwalls.
In response to the COVID-19 pandemic, restrictive measures have been imposed in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission.However, the medical headwalls market is unexpectedly growing in the region with the rising incidence of the desease; severe pneumonic infection and sudden cardiac arrest are commonly seen manifestations of COVID-19. As per the observation and study, the number of hospitals providing treatment to COVID patients is increasing in India, Australia, China, and South Korea. For instance, according to news published in 2020, 600 more hospitals in India have been designated as COVID-19 treatment centers within four weeks. Thus, there will be rising in demand for medical headwalls in ICUs/CCUs and post-anesthesia care unit (PACU).
Based on product, the Asia Pacific medical headwalls market is segmented into horizontal and vertical. The horizontal segment held a larger share of the market in 2019 and is anticipated to register a greater CAGR in the market during the forecast period.
Based on application, the Asia Pacific medical headwalls market is segmented intothe intensive care unit (ICU) / critical care unit (CCU), post-anaesthesia care unit (PACU), patient rooms, and others. The ICU/ CCU segment held the largest share of the market in 2019, whereas the patient rooms segment is anticipated to register the highest CAGR in the market during the forecast period.
A few the major primary and secondary sources associated with this report on the Asia Pacific medical headwalls market are National Health and Family Planning Commission (NHFPC) and Korea Biometric Review.