The global medical pendant market was valued at USD 345.7 million in 2020 and is projected to grow at a CAGR of 6.9% during the forecast period. Factors driving the growth of the medical pendant market include increasing number of hospital admissions, rising healthcare facilities across the globe and growing awareness among healthcare professionals.
The global medical pendant market is segmented based on application and product. On the basis of application, the market is segmented into surgery, endoscopy, anesthesia and Intensive Care Unit (ICU). The surgery segment was the largest market of the medical pendant market in 2019. By product, the market is segmented into fixed, fixed retractable, single arm movable and double and multi-arm movable. The fixed segment accounted for the largest share of the global medical pendant market.
Regionally, North America accounted for the largest market share of the global medical pendant market attributable to the presence of major market players. Leading players of the global medical pendant market include Elektra Hellas S.A, Brandon Medical Co. Ltd, Starkstrom, Skytron LLC, BeaconMedaes, Surgiris, MEDIMAXKOREA, Ondal Medical Systems GmbH, Tedisel Medical, Megasan Medikal among others.
Key segments of the global medical pendant market
Application Overview, 2018-2028 (USD Million)
- Intensive Care Unit (ICU)
Product Overview, 2018-2028 (USD Million)
- Fixed Retractable
- Single Arm Movable
- Double and Multi-arm Movable
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Asia Pacific
- South America
- Middle East & Africa
Reasons for the study
- Increasing technological advancement in the medical pendants
- Rising number of healthcare professionals, clinics, hospitals, and other healthcare centers
- High cost of medical pendants
What does the report include?
- The study on the global medical pendant market includes qualitative factors such as drivers, restraints and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of application and product. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global medical pendant market is suitable for all the players across the value chain including product manufacturing companies, suppliers/distributors, R&D labs, CROs, healthcare organizations, medical reimbursement and insurance providers
- Venture capitalists and investors looking for more information on the future outlook of the global medical pendant market
Consultants, analysts, researchers, and academicians looking for insights shaping the global medical pendant market
The medical pendant is a crucial gas supply medical device in the current operative room of the hospital. It is largely used for the fatal transmission of oxygen, suction, compressed air, nitrogen, and additional medical gases in the operating area. The medical pendant is generally organized by the motor to raise the stage, which is harmless and dependable. Well-adjusted design safeguards the level of equipment platform and confirms the wellbeing of medical pendant; motor drive to certify the quick and effective operation of the pendant; the exterior of the amalgamated material can be cleaned with normal disinfectant, which can remove pollution totally. The medical pendant can be revolved to upturn the work coverage of the apparatus and advance the adeptness of the equipment; alteration and usage are more at comfort and convenient. The pendant head and the transport platform can only linger over the edge of the cantilever radius, so the solitary cantilever is designated as an operating room with a lesser area.
On the basis of application, the surgery segment dominated the market in 2019. In a surgery room, the two utmost essential persons are the anesthetists and the surgeon. With their nearby nurses next to them, they form a cluster of dedicated people who struggle to restore and protect lives. A sound working atmosphere is much cherished by them. This comprises proper aeration, advance operating tools as well as proper setting of the supply system. The anesthetist is permanently stood behind the patient’s cranium and the surgeon near the patient’s leg. Market players realize the significance in designing a workable setting and have developed pendants to satisfy the highly demanding surgeons.
North America dominated the market in 2019. The American health care arrangement is an apparatus for revolution that develops and broadly distributes advanced, life-enhancing treatments and deals a wide set of selections for patrons of health care. The existing health care system delivers enormous profits, but there are considerable prospects for changes that would decrease costs, surge access, improve quality, and recover the health of Americans. A person’s health can be preserved or enriched in various ways, including through modifications in personal behavior and through the correct ingesting of health care services. While there is extensive health care expenditure in the United States, the significance of health does deliver a strong foundation for this level of spending. Nonetheless since health care sponsoring and delivery are often incompetent, there are occasions to advance health and access to health care services devoid of growth in spending.