Medical Headwalls Market Size, Trends and Insights By Type (Horizontal, Vertical), By Application (Intensive Care Unit (ICU)/Critical Care Unit (CCU), Post-anaesthesia Care Unit (PACU), Patient Rooms, Others), By End-use (Hospitals, Diagnostic Centers, Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2025-2034 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- DIRTT
- Amico Group of Companies
- Futrus LLC
- Arigmed
- Nexxspan Healthcare LLC.
- Modular Services Company
- Others
Reports Description
Global Medical Headwalls Market was valued at USD 983.2 Million in 2024 and is expected to reach USD 1,389.9 Million by 2033, at a CAGR of 5.4% during the forecast period 2024 – 2033.
Medical headwalls are integral components in healthcare facilities, designed to centralize and streamline the delivery of essential services at patient bedsides. These systems are typically installed at the head of hospital beds in patient rooms, intensive care units, and emergency rooms.
Medical Headwalls Market: Growth Factors
Technological developments in medicine
The diversity and complexity of medical equipment used for diagnosis and treatment purposes have increased as a result of the industry’s rapid technical advancements. In point-of-care settings, reliable gas and power supplies are necessary for advanced imaging devices, ventilators, infusion pumps, and physiologic monitoring.
This has increased the need for medical head wall units that are more intelligent, highly integrated, and effectively provide utility control. Flexible and wider headwall arrangements are also required by the introduction of new specializations, such as hybrid operating rooms that incorporate equipment from various disciplines.
The use of robotic surgical suites and powered surgical instruments for minimally invasive procedures has increased, making the installation of multipurpose medical headwalls essential. Next-generation head walls are now being built with several features such as physiological monitoring interfaces and integration with central monitoring.
Prominent producers are prioritizing innovation by providing software-controlled and adaptable head walls that align with the latest advancements in healthcare technology. This may increase the market’s need for medical head walls soon.
Growing hospital industry
Hospitals need additional medical head walls as they grow and evolve to better serve their patient’s requirements. The need for medical head walls in hospitals is rising as a result of the rise in overall hospital admissions, which is being caused by reasons including the rising prevalence of chronic diseases.
In North America and Europe, where the hospital sector is growing to accommodate the increasing patient volume, this tendency is especially noteworthy. The hospital industry is heavily influenced by the aging population, which raises the need for healthcare facilities and services.
The need for medical care, particularly the usage of medical head walls to improve patient care and safety, is rising as the number of senior people rises. The government’s efforts to enhance healthcare services and infrastructure have also contributed to the expansion of the hospital sector.
Hospitals now require more medical head walls because memorandums of understanding (MOUS) and partnerships between governments and healthcare providers have made it easier to build healthcare facilities.
In conclusion, the aging population, rising hospital admission rates, healthcare investments, foreign direct investment (FDI), and government programs to improve healthcare services and infrastructure.
All of these elements work together to fuel the growing need for medical head walls in hospitals as healthcare facilities and patients’ requirements change.
Medical Headwalls Market: Restraints
Lack of skilled professionals for installation and service
The growth of the medical headwalls market is significantly hindered by a shortage of skilled professionals for installation and service. Medical headwalls, essential components in healthcare settings, integrate various utilities such as electrical outlets, medical gas outlets, and communication systems, centralizing these critical functions to improve patient care and streamline hospital operations.
However, the complexity of installing and maintaining these systems requires specialized knowledge and technical expertise. Additionally, inadequate servicing can result in frequent breakdowns, increased maintenance costs, and operational inefficiencies, further straining healthcare facilities that rely heavily on these systems for efficient patient management.
Consequently, healthcare facilities often face delays in headwall deployment and prolonged downtimes, negatively impacting their ability to provide uninterrupted care. Addressing this issue requires concerted efforts from manufacturers, educational institutions, and healthcare providers to develop comprehensive training programs and certification courses.
By equipping professionals with the necessary skills, the industry can ensure reliable installation and maintenance of medical headwalls, fostering market growth and enhancing healthcare delivery.
Medical Headwalls Market: Opportunities
Advancement in customized and modular headwalls development
Advancements in the development of customized and modular headwalls are revolutionizing healthcare facility design and functionality. These innovations offer significant benefits in terms of flexibility, efficiency, and patient care.
Customized headwalls are designed to meet specific clinical needs, integrating various medical gas outlets, electrical outlets, data ports, and storage solutions tailored to the requirements of different hospital departments, such as intensive care units, emergency rooms, and patient wards.
Modular headwalls, on the other hand, are prefabricated units that can be easily installed, reconfigured, or expanded, providing a scalable solution for healthcare facilities. This modularity not only reduces installation time and costs but also allows for quick adaptation to changing healthcare demands, such as during a pandemic or in response to evolving medical technologies.
Recent advancements have focused on enhancing the aesthetic appeal and functionality of headwalls. Improved materials and design techniques ensure that headwalls are not only durable and easy to clean but also contribute to a calming and therapeutic environment for patients.
Additionally, the integration of smart technology, such as touch-screen controls and IoT connectivity, enables real-time monitoring and management of medical equipment and patient data, further improving clinical workflows and patient outcomes.
Overall, the progression in customized and modular headwall development is making healthcare environments more adaptable, efficient, and patient-centric, addressing both current needs and future challenges.
Medical Headwalls Market: Segmentation Analysis
Global Medical Headwalls Market is segmented product type, application, end use and region. based on product type, the market is segmented into Horizontal, Vertical. The horizontal segment dominated the market in 2023 with a market share of 68.2% and is expected to keep its dominance during the forecast period 2025-2034.
Hospitals are using horizontal medical Headwalls as a preferred solution as they strive to provide effective patient care. These enable the flexible installation of electric panels, medical gas outlets, and attachments by clinical specifications and room layouts.
Manufacturers of medical equipment provide a large range of adaptable configurations to satisfy the various requirements of operating rooms, patient rooms, and intensive care units. Additionally advantageous are horizontal Headwalls ease of maintenance and accessibility.
Their design facilitates equipment access for staff and technicians, allowing them to perform routine inspections without upsetting patients. furthermore, the sleeker profiles of horizontal structures as opposed to vertical Headwalls maximize the amount of usable floor space in medical institutions. As the number of difficult surgeries and chronic conditions rises, so does the need for standardized and personalized headwalls solutions.
Based on end-use, the market is segmented into Hospitals, Diagnostic Centres, Clinics and Others. The hospital segment dominated the market in 2023 with a market share of 49.5% and is expected to keep its dominance during the forecast period 2025-2034.
Hospitals are driving the growth of the medical headwalls market due to their increasing need for efficient and organized patient care environments. Medical headwalls, which integrate electrical, gas, and communication outlets into a single, accessible unit, are becoming essential in modern hospital rooms.
These units streamline the delivery of critical services, reduce clutter, and enhance patient safety and comfort. The rise in hospital construction and renovation projects, driven by expanding healthcare infrastructure and the need for advanced medical facilities, is a significant factor boosting the market.
Additionally, the emphasis on improving patient outcomes and operational efficiency is prompting hospitals to invest in state-of-the-art medical headwalls. Technological advancements have led to the development of customizable and modular headwalls that cater to specific hospital needs, further driving market demand.
Moreover, the increasing incidence of chronic diseases and the resultant rise in hospital admissions are escalating the need for well-equipped patient care areas, thereby fueling the growth of the medical headwalls market.
Based on application, the market is segmented into Intensive Care Unit (ICU)/Critical Care Unit (CCU), Post-anaesthesia Care Unit (PACU), Patient Rooms, and Others. Intensive care unit (ICU)/critical care unit (CCU) dominated the market in 2023 with a market share of 41.8% and is expected to keep its dominance during the forecast period 2025-2034.
ICUs and CCUs care for patients with high levels of acuity who need round-the-clock observation and emergency life support. Streamlined workflows, easy installation, and fewer mistakes are advantages of standardized head wall designs tailored for intensive care units. These have the required medical attachments per-arranged according to clinical guidelines.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 983.2 Million |
Projected Market Size in 2033 | USD 1,389.9 Million |
Market Size in 2023 | USD 982 Million |
CAGR Growth Rate | 5.4% CAGR |
Base Year | 2023 |
Forecast Period | 2025-2034 |
Key Segment | By Type, Application, End-use and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Medical Headwalls Market: Regional Analysis
By Region, Medical Headwalls Market is segmented into North America, Europe, Asia-pacific, Latin America, Middle East & Africa. North America will lead the Medical Headwalls Market in 2023 with a market share of 39.1% and is expected to keep its dominance during the forecast period 2025-2034.
North America leading medical head wall manufacturers and the region’s highly developed healthcare infrastructure are anticipated to propel regional market growth.
The increased demand for medical Headwalls which provide seamless integration of medical gases, electrical, plumbing, and communications infrastructure at the point of use is a result of strict rules and requirements for healthcare facilities in countries like the United States.
To guarantee code compliance, quality, and safety, major hospitals and outpatient clinics choose all-inclusive head wall systems from leading manufacturers in North America.
Medical Headwalls Market: Recent Developments
- In October 2023, Modular Services Company, introduced Form Visualizer, a virtual design tool that makes creating headwalls for medical facilities. Headwalls from the form collection may be made and changed with just a few clicks thanks to this intuitive interface.
- In March 2019, The Canadian firm Class 1 Inc., which designs, manufactures, installs, distributes, and services medical gas solutions, was acquired by global asset management company Atlas Cop Co AB. The marketplace’s product portfolio is strengthened in part by this acquisition.
List of the prominent players in the Medical Headwalls Market:
- DIRTT
- Amico Group of Companies
- Futrus LLC
- Arigmed
- Nexxspan Healthcare LLC.
- Modular Services Company
- Interspec Systems
- ARCAT Inc.
- Schönn Medizintechnik GmbH
- BeaconMedaes
- Drägerwerk AG & Co.
- KGaA
- Class 1 Inc.
- Hospital Systems Inc
- Atlas Copco AB
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Medical Headwalls Market is segmented as follows:
By Type
- Horizontal
- Vertical
By Application
- Intensive Care Unit (ICU)/Critical Care Unit (CCU)
- Post-anaesthesia Care Unit (PACU)
- Patient Rooms
- Others
By End-use
- Hospitals
- Diagnostic Centers
- Clinics
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research Methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Medical Headwalls Market, (2025 – 2034) (USD Million)
- 2.2 Global Medical Headwalls Market: snapshot
- Chapter 3. Global Medical Headwalls Market – Industry Analysis
- 3.1 Medical Headwalls Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Technological developments in medicine
- 3.2.2 Growing Hospital Industry
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By End-use
- Chapter 4. Global Medical Headwalls Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Medical Headwalls Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Medical Headwalls Market – Type Analysis
- 5.1 Global Medical Headwalls Market Overview: By Type
- 5.1.1 Global Medical Headwalls Market Share, By Type, 2025 and 2034
- 5.2 Horizontal
- 5.2.1 Global Medical Headwalls Market by Horizontal, 2025 – 2034 (USD Million)
- 5.3 Vertical
- 5.3.1 Global Medical Headwalls Market by Vertical, 2025 – 2034 (USD Million)
- 5.1 Global Medical Headwalls Market Overview: By Type
- Chapter 6. Global Medical Headwalls Market – Application Analysis
- 6.1 Global Medical Headwalls Market Overview: By Application
- 6.1.1 Global Medical Headwalls Market Share, By Application, 2025 and 2034
- 6.2 Intensive Care Unit (ICU)/Critical Care Unit (CCU)
- 6.2.1 Global Medical Headwalls Market by Intensive Care Unit (ICU)/Critical Care Unit (CCU), 2025 – 2034 (USD Million)
- 6.3 Post-anaesthesia Care Unit (PACU)
- 6.3.1 Global Medical Headwalls Market by Post-anaesthesia Care Unit (PACU), 2025 – 2034 (USD Million)
- 6.4 Patient Rooms
- 6.4.1 Global Medical Headwalls Market by Patient Rooms, 2025 – 2034 (USD Million)
- 6.5 Others
- 6.5.1 Global Medical Headwalls Market by Others, 2025 – 2034 (USD Million)
- 6.1 Global Medical Headwalls Market Overview: By Application
- Chapter 7. Global Medical Headwalls Market – End-use Analysis
- 7.1 Global Medical Headwalls Market Overview: By End-use
- 7.1.1 Global Medical Headwalls Market Share, By End-use, 2025 and 2034
- 7.2 Hospitals
- 7.2.1 Global Medical Headwalls Market by Hospitals, 2025 – 2034 (USD Million)
- 7.3 Diagnostic Centers
- 7.3.1 Global Medical Headwalls Market by Diagnostic Centers, 2025 – 2034 (USD Million)
- 7.4 Clinics
- 7.4.1 Global Medical Headwalls Market by Clinics, 2025 – 2034 (USD Million)
- 7.5 Others
- 7.5.1 Global Medical Headwalls Market by Others, 2025 – 2034 (USD Million)
- 7.1 Global Medical Headwalls Market Overview: By End-use
- Chapter 8. Medical Headwalls Market Regional Analysis
- 8.1 Global Medical Headwalls Market Regional Overview
- 8.2 Global Medical Headwalls Market Share, by Region, 2023 & 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.3.1.1 North America Medical Headwalls Market, by Country, 2025 – 2034 (USD Million)
- 8.3.1 North America Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.4 North America Medical Headwalls Market, by Type, 2024 – 2033
- 8.4.1 North America Medical Headwalls Market, by Type, 2025 – 2034 (USD Million)
- 8.5 North America Medical Headwalls Market, by Application, 2024 – 2033
- 8.5.1 North America Medical Headwalls Market, by Application, 2025 – 2034 (USD Million)
- 8.6 North America Medical Headwalls Market, by End-use, 2024 – 2033
- 8.6.1 North America Medical Headwalls Market, by End-use, 2025 – 2034 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.7.1.1 Europe Medical Headwalls Market, by Country, 2025 – 2034 (USD Million)
- 8.7.1 Europe Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.8 Europe Medical Headwalls Market, by Type, 2024 – 2033
- 8.8.1 Europe Medical Headwalls Market, by Type, 2025 – 2034 (USD Million)
- 8.9 Europe Medical Headwalls Market, by Application, 2024 – 2033
- 8.9.1 Europe Medical Headwalls Market, by Application, 2025 – 2034 (USD Million)
- 8.10 Europe Medical Headwalls Market, by End-use, 2024 – 2033
- 8.10.1 Europe Medical Headwalls Market, by End-use, 2025 – 2034 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.11.1.1 Asia Pacific Medical Headwalls Market, by Country, 2025 – 2034 (USD Million)
- 8.11.1 Asia Pacific Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.12 Asia Pacific Medical Headwalls Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Medical Headwalls Market, by Type, 2025 – 2034 (USD Million)
- 8.13 Asia Pacific Medical Headwalls Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Medical Headwalls Market, by Application, 2025 – 2034 (USD Million)
- 8.14 Asia Pacific Medical Headwalls Market, by End-use, 2024 – 2033
- 8.14.1 Asia Pacific Medical Headwalls Market, by End-use, 2025 – 2034 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.15.1.1 Latin America Medical Headwalls Market, by Country, 2025 – 2034 (USD Million)
- 8.15.1 Latin America Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.16 Latin America Medical Headwalls Market, by Type, 2024 – 2033
- 8.16.1 Latin America Medical Headwalls Market, by Type, 2025 – 2034 (USD Million)
- 8.17 Latin America Medical Headwalls Market, by Application, 2024 – 2033
- 8.17.1 Latin America Medical Headwalls Market, by Application, 2025 – 2034 (USD Million)
- 8.18 Latin America Medical Headwalls Market, by End-use, 2024 – 2033
- 8.18.1 Latin America Medical Headwalls Market, by End-use, 2025 – 2034 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.19.1.1 The Middle-East and Africa Medical Headwalls Market, by Country, 2025 – 2034 (USD Million)
- 8.19.1 The Middle-East and Africa Medical Headwalls Market, 2025 – 2034 (USD Million)
- 8.20 The Middle-East and Africa Medical Headwalls Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Medical Headwalls Market, by Type, 2025 – 2034 (USD Million)
- 8.21 The Middle-East and Africa Medical Headwalls Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Medical Headwalls Market, by Application, 2025 – 2034 (USD Million)
- 8.22 The Middle-East and Africa Medical Headwalls Market, by End-use, 2024 – 2033
- 8.22.1 The Middle-East and Africa Medical Headwalls Market, by End-use, 2025 – 2034 (USD Million)
- Chapter 9. Company Profiles
- 9.1 DIRTT
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Amico Group of Companies
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Futrus LLC
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Arigmed
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Nexxspan Healthcare LLC.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Modular Services Company
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Interspec Systems
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 ARCAT Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Schönn Medizintechnik GmbH
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 BeaconMedaes
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Drägerwerk AG & Co.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 KGaA
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Class 1 Inc.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Hospital Systems Inc
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Atlas Copco AB
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 DIRTT
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Prominent Player
- DIRTT
- Amico Group of Companies
- Futrus LLC
- Arigmed
- Nexxspan Healthcare LLC.
- Modular Services Company
- Interspec Systems
- ARCAT Inc.
- Schönn Medizintechnik GmbH
- BeaconMedaes
- Drägerwerk AG & Co.
- KGaA
- Class 1 Inc.
- Hospital Systems Inc
- Atlas Copco AB
- Others
FAQs
The major driver for the Global Medical Headwalls Market Technological Developments in Medicine and Growing Hospital Industry.
The “Intensive Care Unit (ICU)/Critical Care Unit (CCU)” had the largest share in the global market for Medical Headwalls.
The “Horizontal” category dominated the market in 2023.
The key players in the market are DIRTT, Amico Group of Companies, Futrus LLC, Arigmed, Nexxspan Healthcare LLC., Modular Services Company, Interspec Systems, ARCAT Inc., Schönn Medizintechnik GmbH, BeaconMedaes, Drägerwerk AG & Co., KGaA, Class 1 Inc., Hospital Systems Inc, Atlas Copco AB, Others.
“North America” had the largest share in the Medical Headwalls Market.
The global market is projected to grow at a CAGR of 5.4% during the forecast period, 2025-2034.
The Medical Headwalls Market size was valued at USD 983.2 Million in 2024.