Medical Pendant Market Share, Growth Factors 2021 Industry Overview by Demand and Supply Chain Analysis, Manufacturing Technology, Forecast To 2028
Medical Pendant market research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028.
Dallas, United States – May 17, 2021 /MarketersMedia/ —
Medical pendants are of significance I modern operating rooms enabling terminal transfer of compressed air, oxygen, suction, nitrogen and other gasses essential in operating rooms. Medical pendants are utilized by healthcare professionals with a view to maintain a highly efficient workflow pattern by positioning various necessary objects and medical devices crucial during surgical procedures. The significant utility perspective implies the medical pendant’s role to be very crucial in maintaining a safe zone capable of preventing infections in the hospital environment by guaranteeing safe connection to data and power networks. The medical pendant market is expected to boost as a result of the increasing number of hospitals and clinics coupled with the rising number of healthcare professionals.
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.
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Medical pendant systems used in hospitals and medical facilities aid in conventional positioning of terminal units, medical equipments and medical gas equipments. The medical pendant market is constantly undergoing technological advancements initiated by the leading market players. The medical pendant market based on the product type can be bifurcated into fixed and double and multi-arm movable medical pendants. The fixed medical pendants are the most adopted medical pendant systems with maximum adoption in various medical procedures including surgeries, endoscopy, anesthesia and intensive care units thereby attributing the market segment to be the most dominant. Moreover, the fixed medical pendant systems are gaining popularity as they are an economic alternative, lightweight and they avail easy instalment which escalates the adoption rate of these systems.
The growth of the double and multi-arm movable medical pendants is expected to accelerate exponentially with a multi-functional utility approach in hospitals and clinics. Double and multi-arm movable medical pendant systems are considerably gaining demand as they exhibit multiple movements without compromising on performance level owing to the integration of pneumatically operated brakes. It also facilitates easier and better sterilisation which makes the double and multi-arm movable medical pendant systems most preferred option by healthcare professionals. The medical pendant market is also fragmented based on the capacity indicating availability of low duty systems and heavy-duty systems. The low duty pendant systems account for majority of market shares primarily chiefly due to the ever-increasing demand low-cost fixed arm pendant systems.
North America accounts for the largest medical pendant market size with extensive growth attributed to the rising healthcare expenditure, incorporation of advanced technology to enhance the overall performance of the pendant systems coupled with the prevalence of highly established medical and healthcare facilities. In addition, the North American market addresses a growing burden of critical diseases which is further boosting the emergence of healthcare professionals thereby augmenting the growth of the medical pendant market. Furthermore, the medical pendant market is expected to witness highest growth in Asia Pacific primarily dur to the increasing government initiatives encouraging the adoption of medical devices and growing geriatric population.
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.
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Key segments of the global medical pendant market
Application Overview, 2018-2028 (USD Million)
• Surgery
• Endoscopy
• Anesthesia
• Intensive Care Unit (ICU)
Product Overview, 2018-2028 (USD Million)
• Fixed
• Fixed Retractable
• Single Arm Movable
• Double and Multi-arm Movable
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
• Asia Pacific
o China
o Japan
o India
• South America
• Middle East & Africa
Some Major Points from Table of Contents:
8. Competitive Landscape
8.1. Introduction
8.2. Strategic initiatives
8.2.1. Mergers & acquisitions
8.2.2. New product launch
8.2.3. Investments
8.2.4. Expansion
8.2.5. Others
9. Company Profiles
(Overview, Products and Services Portfolio, Recent Initiatives, Company Financials)
9.1. Elektra Hellas S.A
9.2. Brandon Medical Co. Ltd
9.3. Starkstrom
9.4. Skytron LLC
9.5. BeaconMedaes
9.6. Surgiris
9.7. MEDIMAXKOREA
9.8. Ondal Medical Systems GmbH
9.9. Tedisel Medical
9.10. Megasan Medika
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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