The Europe medical headwalls market is expected to reach US$ 386.42 million by 2027 from US$ 257.45 million in 2019; it is estimated to grow at a CAGR of 5.3% from 2020 to 2027.
The market growth is attributed to the factors such as escalation in elderly population and high prevalence of chronic diseases in Europe. However, a decline in hospital count and hospital stays is limiting 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 elderly population has risen vastly in recent years, owing to better medical and healthcare facilities. According to Eurostat data, average life expectancy in the European Union has grown at a faster pace in recent years than has a healthy average life expectancy. During 2004–2010, the mean life expectancy at birth in the European Union increased from 75.2 to 76.7 years in males and 81.5 to 82.6 years in females. From 2007 to 2030, the number of cancer cases in the UK is anticipated to increase by 76·2% in males with age >65 and by 67·5% in females with age >65; this is mainly due to both population growth and aging. Moreover, in surveys conducted in Western Europe, during 1990–2005, the mean prevalence of diabetes in people aged 70–79 was about 25%. The combination of aging populations and the obesity epidemic affecting many European countries means that the number of older patients with diabetes will probably increase substantially. The number of people with mental health disorders is also likely to escalate. In the EU, the number of people with dementia is projected rise to more than double to reach 14·5 million during 2010–2050, i.e., equivalent to 3·3% of the total population and 10·1% of the population with age 65 and above. As per the statistics portal, the number of people with age >65 has increased rapidly in Europe; the number climbed up to ~2.43 million, which was ~12.6% of the population in 2017. Thus, the rise in elderly population is fueling the Europe medical headwalls market growth.
The exponential growth in COVID-19 cases has severely affected the European economy. Spain, Italy, Germany, France, and the UK are among the most affected European countries. Many companies found that increasing demand for ICU,PACU bed in COVID-19 patients has been reported various times in order to support hospitals and people who need safety equipment in facing this global challenge. For instance, Drager offers innovative medical headwall systems, a specialized LTAC team, an interactive design center, and onsite support to help LTACs address the complexity and costs of caring for higher acuity patients outside of the intensive care unit (ICU). Moreover, in a case report in which some of the European patients were included, observed with an adverse drug reaction of a COVID-19 treatment drug such as Hydroxychloroquine alone or with antibiotics other than azithromycin and Hydroxychloroquine in combination with azithromycin taken to the ICU wards, due to which more number of casualties were observed and increasing requirement for the number of beds with headwalls. The COVID patients with critical conditions need ICU beds with headwalls for essential care. Thus, with the rising number of COVID-19 patients, leading to the increased necessity of critical care, the demand for medical headwalls is on rise.
Based on product, the Europe 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 higher CAGR in the market during the forecast period.
Based on application, the Europe medical headwalls market is segmented into the 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 of the major primary and secondary sources referred to while preparing this report on the medical headwalls market are Eurostat, Paediatric Intensive Care Society (PICS), and World Bank.