Medical Pendants Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI4616
Medical Pendants Market size is projected to experience substantial progress from 2020 to 2026. Medical pendants play a key role in maintaining safety, manage efficient workflows and prevent infection at the hospitals, clinics and surgical centers. This platform assures a safe connection to the supply of medical gases, data networks and device power. Moreover, medical pendants play a vital role in ensuring positioning of equipment, user friendliness and maximum functionality.
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Rising number of clinics, hospitals and surgery centers as well as increase in number of healthcare professionals has triggered the adoption of medical pendants across the globe. According to the American Hospital Association, more than 5,300 surgery centers in the U.S. perform over 23 million surgeries annually. Majority of these surgeries include musculoskeletal, urinary, digestive, cardiovascular, respiratory, integumentary and nervous system surgeries. Increasing efficiency of medical pendants during the surgeries will help in enhancing the market growth in the near future.
Technological advancements and innovations in medical pendants will positively contribute to the market growth. For instance, SURGIRIS has introduced Genius medical pendant that can be moved on their bearings and is fitted with electronic brakes. Several market players are focusing on manufacturing of medical pendants that provide best positioning of several medical accessories during surgeries. However, the high cost of medical pendants will be one of the major factors restraining the market growth across the globe.
On the basis of product type, the medical pendants market is segmented into fixed pendants and movable pendants. The movable pendants are further categorized into single-arm movable pendants and multi-arm movable pendants. Fixed pendants market is estimated to show significant growth in the future owing to several advantages such as light weight and easy installation. Therefore, the manufacturers are investing more in developing newer fixed pendant systems. Also, the movable pendants segment is estimated to hold significant share in 2019. The market share is attributed to the factors such as easy sterilization and capability of exhibiting multiple movements.
Based on installation, the medical pendants market is categorized into ceiling mounted, wall mounted, free-standing and mobile pendants. The ceiling mounted pendant system is expected to show lucrative growth over the forecast years owing to the numerous factors including stability and secure network to power source, data transmission as well as medical gases. Therefore, the demand and use of ceiling mounted systems is projected to be high thereby, augmenting the market growth across the globe.
On the basis of application, the market is segmented as operation theatre, obstetrics, neonatology, intensive care unit (ICU), recovery rooms, emergency wards/trauma centers and other applications. The operation theatre segment is expected to witness substantial growth over the forecast years. The rapid growth is owing to rise in number of surgical procedures globally. The intensive care unit (ICU) is also one of the profitable segments as better bedside access improves care in the ICU.
Based on end use, the medical pendants market is bifurcated into hospitals, clinics, ambulatory surgical centers and other end uses. The hospitals segment is anticipated to account for the majority share in medical pendants industry owing to the factors such as increasing government expenditure and growing number of hospitals across the globe. For instance, according to the American Hospital Association, in 2018, the total number of hospitals in the U.S. were around 6,000. Hence, aforementioned factors will play vital role in boosting the medical pendants market.
U.S. medical pendants market is estimated to hold majority market share in the foreseeable future owing to the factors such as rapid growth in the number of surgical procedures and well-established healthcare facilities in the country. Moreover, increase in the number of critical chronic diseases and rise in geriatric population will fuel the medical pendants industry growth.
Some of the major market players involved in the global medical pendants market are BeaconMedaes, ELEKTRA HELLAS S.A, SURGIRIS, EMA-LED, Tedisel Medical, Pratibha Medinox, Brandon Medical Company, Ondal Medical Systems, MEDIMAXKOREA, Pneumatik Berlin, Starkstrom among others. These players are constantly focusing on major strategies such as new product launches, geographic expansion, mergers and acquisitions in order to strengthen their market position. For instance, in March 2018, Surgiris opened its new subsidiary in India. This strategic move helped the company expand their business in India.
Medical Pendants Market, By Product Type, 2015-2026 (USD Million)
- Fixed Pendants
- Movable Pendants
- Single-arm Movable Pendants
- Multi-arm Movable Pendants
Medical Pendants Market, By Installation, 2015-2026 (USD Million)
- Ceiling mounted
- Wall mounted
By Application, 2015-2026 (USD Million)
- Operation theatre
- Intensive Care Unit (ICU)
- Recovery rooms
- Emergency wards / Trauma centers
By End-use, 2015-2026 (USD Million)
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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