India Bed Head Panel Market Size & Outlook, 2023-2030
India bed head panel market, 2018-2030 (US$M)
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India bed head panel market highlights
- The India bed head panel market generated a revenue of USD 158.8 million in 2023 and is expected to reach USD 208.4 million by 2030.
- The India market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, hospitals was the largest revenue generating end use in 2023.
- Other End Use is the most lucrative end use segment registering the fastest growth during the forecast period.
Bed head panel market data book summary
| Market revenue in 2023 | USD 158.8 million |
| Market revenue in 2030 | USD 208.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Other End Use |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Clinics, Other End Use |
| Key market players worldwide | Baxter International Inc, Draegerwerk AG & Co KGaA, InMed Pharmaceuticals Inc, Precision UK, Novair Medical, Amcaremed Technology Co., Amico Group of Companies, Biolume, BeaconMedaes, Silbermann |
Other key industry trends
- In terms of revenue, India accounted for 5.4% of the global bed head panel market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bed head panel market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 261.1 million by 2030.
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Bed Head Panel Market Scope
Bed Head Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
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India bed head panel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bed head panel market will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 42.32% in 2023. Horizon Databook has segmented the India bed head panel market based on hospitals, clinics, other end use covering the revenue growth of each sub-segment from 2018 to 2030.
To help enhance healthcare results, the Indian government implemented favorable policies, such as the National Health Policy (NHP). To assist the Make in India effort and reduce reliance on imports, the government prepared the National Medical Device Policy. In addition, India implemented a 12.0% Goods and Services Tax (GST) beginning in July 2017.
This increased GST rate was aimed at lowering manufacturing costs, which will benefit Indian consumers and medical device makers. During the forecast period, such activities are expected to promote market growth. Furthermore, India's market will continue to develop as the number of surgeries increases.
Furthermore, factors such as an aging population and increased healthcare awareness, rising per capita income, and a shift in attitude toward preventative healthcare are expected to boost product demand and drive the market in the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India bed head panel market , including forecasts for subscribers. This country databook contains high-level insights into India bed head panel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India bed head panel market size, by end use, 2018-2030 (US$M)
India Bed Head Panel Market Outlook Share, 2023 & 2030 (US$M)
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