Medical Pendant Market Size By Product (Fixed Pendant, Movable Pendant {Single-arm Movable Pendant, Multi-arm Movable Pendant}), By Installation (Ceiling Mounted Pendant, Wall Mounted Pendant), By Application (Intensive Care Unit (ICU), General Surgery/Operating Theaters, Anesthesia, Endoscopy), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI4616  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Medical Pendant Market size was estimated over USD 420 million in 2019 and the industry will grow by a CAGR more than 7.2% up to 2026. Medical pendant is designed to provide an integrated platform for surgical and monitoring equipment for doctors and medical staff in operation theaters. Medical pendant plays a vital role in providing convenient positioning of gas, medical equipment and other instruments. They maintain efficient workflows, safety and infection prevention in healthcare facilities. Medical pendant or surgical booms provide a stable flexible platform for medical devices and its accessories.
 

Medical Pendant Market

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Increasing number of patients requiring surgical operations will positively impact the market growth in the coming years. The medical professionals timely require various equipment during surgical procedures. This particular need can be achieved by minimizing the staff in healthcare facilities and increasing the adoption of medical pendant. For instance, according to a recent news article, in 2018, in the U.S., the total number of ambulatory surgical centers was more than 9,000. These surgery centers will focus on the adoption of medical pendant in the future thereby, spurring the market growth.
 

Moreover, the demand for surgical booms has increased over the past few years owing to its ability to maintain safety and prevention of infection in the healthcare facilities by ensuring safe connection to data and power networks.
 

Medical Pendant Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 420.1 Million
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.2% 2026 Value Projection: USD 680.5 Million
Pages: 250 Tables, Charts & Figures: 563
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Product, Installation, Application and End-use
Companies covered (31): Amico Corporation (Amico Group of Companies), BeaconMedaes, BEIJING AEONMED CO., LTD., BER?KA TEKNOLOJ? MED?KAL, Brandon Medical, DANMEDICS Medical Engineering GmbH, Drägerwerk AG & Co. KGaA, Hutz Medical, INMED-Karczewscy, MEDGAS-Technik GmbH, Medical Technologies LBI, Mediland, Megasan Medikal, Modular Services Company, NOVAIR MEDICAL, Ondal Medical Systems GmbH, PANALEX MEDICAL LIMITED, Pegisdan, PNEUMATIK BERLIN GmbH, Provita Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, SHANGHAI PAX MEDICAL INSTRUMENT CO., LTD., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Silbermann Technologies, S.I.M.E.O.N. Medical GmbH & Co. KG, SKYTRON, LLC, Starkstrom, STERIS plc., SURGIRIS, Tedisel Medical, Trumpf Medical
Growth Drivers:
  • Rise in the number of healthcare facilities across the globe
  • Growing demand for medical pendant systems
  • Increasing number of hospital admissions
  • Recent technological advancements
Pitfalls & Challenges:
  • High cost of medical pendants
  • Stringent regulations

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Rising healthcare facilities and growing demand for medical pendant across the globe will drive the market growth

Rising healthcare facilities such as hospitals and surgical centers will enhance the growth of medical pendant market over the analysis timeframe. For instance, as per the recent press release by the Ministry of Health and Family Welfare, in July 2018, in India, there were around 37,000 public healthcare facilities. Thus, large number of public health facilities across the country will significantly contribute to the market growth in the future.
 

Growing hospital admissions due to various chronic diseases that requires surgical procedures or interventions will support the market expansion in the upcoming years. Additionally, advent of new technologies related to medical pendant will attract customers across the world and will ultimately contribute to the market growth in the coming years. 
 

Increasing preference of movable medical pendant in operation theaters and surgery centers will enhance the segmental growth

Medical Pendant Market Share

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The movable pendant segment was valued at around USD 287 million in 2019. These pendants require less maintenance and is available in precise sizes as compared to the fixed pendants. Increasing preference of movable medical pendant in operation theaters as well as surgical centers will boost the segmental growth thereby, ultimately contributing to the industry growth. Many of these hospitals have operating rooms to perform surgical procedures. Thus, these hospitals will focus on the adoption of movable pendant thereby, augmenting the market growth.
 

Several advantages of ceiling mounted pendant will impel the segmental growth over the forecast period

The ceiling mounted medical pendant market held more than 80% share in 2019 and is anticipated to expand at a significant growth rate over the forecast period. The ceiling mounted pendant is ideal for providing medical gases and electrical components to intensive care units, operation theaters and general hospital wards. This type of installation allows an easy addition and removal of gas and electrical components as per the hospital requirements.
 

The ceiling mounted pendant is equipped with the components that include shelves, medical rails, IV poles, catheters baskets and wound care products carriers, etc. Furthermore, celling mounted installation of medical pendant plays a vital role in preventing the products from dust.
 

Increasing prevalence of various chronic disorders coupled with rising ICU admissions will propel the segmental growth

The intensive care unit segment is expected to grow at a CAGR of 7.1% over the analysis period. Increasing number of people suffering from various chronic disorders coupled with rising ICU admissions will positively impact the segmental growth in the projected years. Thus, in order to systematically manage the care for every patient in ICU, the healthcare facilities will focus on the adoption of medical pendant.
 

Increasing healthcare expenditure and rising number of hospitals will enhance the segmental growth

Medical Pendant Market Size

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The hospitals segments held a market share of around 58% in 2019. The large share of the hospital segment is attributed to the factors such as increasing healthcare expenditure for hospitals and growing number of public and private hospitals across the globe. For instance, according to a recently published data by the Centers for Medicare & Medicaid Services, in 2018, in the U.S., the healthcare spending was around USD 3.6 trillion. High spending on healthcare industry will lead to an upsurge in the number of hospitals. Thus, adoption of medical pendant will increase in these hospitals, ultimately triggering the market growth.
 

Strong presence of market players and increasing number of surgical procedures across the U.S. will bolster the market growth

U.S. dominated the North America medical pendant market demand and is estimated to expand at a CAGR of more than 6% over the forecast timeframe. Owing to the strong presence of industry players and high demand for surgical booms, the country will witness significant growth over the projected years.
 

Increasing number of surgical procedures across the country will enhance the market growth. For instance, as per the recently published data, more than 50 million surgical procedures are performed in the U.S. annually. During the surgical procedures, it is essential to maintain safety and prevent any kind of infection. This need can be achieved with the help of medical pendant as they provide stable flexible platform for the medical equipment and other accessories. Hence, owing to these factors, healthcare professionals across the U.S. will focus on the adoption of medical pendant thereby, spurring the market growth.
 

UK medical pendant market size was valued at around USD 14 million in 2019. The substantial share of the country is attributed to the improving healthcare facilities such as hospitals and surgery centers. The operating theaters and surgery centers require equipment that offers flexibility, high service capacity and maneuverability. In order to fulfil these needs, the market players are focusing on delivering technologically advanced medical supply units. For instance, UK-based Brandon Medical manufactures surgical pendants that have an ability to quickly and easily reposition the equipment and adjust it as per the specific requirements of patients. Hence, such market players offering medical pendant systems will enhance the market growth across the country.
 

Implementation of several strategies such as new product launches and acquisitions by the major industry players will contribute to the market growth

Some of the prominent players in the medical pendant market share are Amico Corporation, BeaconMedaes, Bejing Aeonmed, Dragerwerk AG, Hutz Medical, INMED-Karczewscy, MEDGAS-Technik Gmbh, Mediland and Ondal Medical Systems among others. These market players are majorly focusing on various strategies such as mergers, acquisitions, partnerships, new product launches and collaborations.
 

Recent industry developments:

  • In December 2019, Capvis sold Ondal Medical Systems to IK investment partners. The strategic move is intended to generate more revenue for the company thereby, enhancing the market growth.
     
  • In October 2015, BeaconMedaes launched new series B outlet Hook Trim Plate that help to take unnecessary loads of medical gas equipment and outlets. The product launch strengthened the product portfolio of company and further assisted in the growth of medical pendant industry.   
     

The medical pendant market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in units from 2015 to 2026, for the following segments:
 

By Product, 2015 – 2026 (USD Million and Units)

  • Fixed Pendant
  • Movable Pendant
    • Single-arm Movable Pendant
    • Multi-arm Movable Pendant

By Installation, 2015 – 2026 (USD Million and Units)

  • Ceiling Mounted Pendant
  • Wall Mounted Pendant
  • Others

By Application, 2015 – 2026 (USD Million and Units)

  • Intensive Care Unit (ICU)
  • General Surgery/Operating Theatres
  • Anesthesia
  • Endoscopy
  • Others

By End-use, 2015 – 2026 (USD Million and Units)

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

The movable pendant segment was valued at around USD 287 million in 2019.
UK market was valued at around USD 14 million in 2019.
U.S. market is estimated to expand at 6% CAGR over the forecast timeframe, says this GMI report.
The intensive care unit segment is expected to grow at a CAGR of 7.1% over the analysis period.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 250
  • Tables: 546
  • Charts / Figures: 17
  • Companies covered: 31
  • Countries covered: 17

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