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 exceeded USD 420 million in 2019 and is poised to grow at a CAGR of over 7.2% between 2020 and 2026. Increasing number of patients requiring surgical operations will positively impact the market growth.
 

The medical professionals timely require various equipment during surgical procedures. This need can be achieved by minimizing the staff in healthcare facilities and increasing the adoption of medical pendant. 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

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Rising healthcare facilities such as hospitals and surgical centers will boost the medical pendant market demand. Growing hospital admissions due to various chronic diseases that requires surgical procedures or interventions will further support the market expansion. Additionally, advent of new technologies related to medical pendant will attract customers across the world and will ultimately contribute to the market growth trends. 
 

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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Increasing preference of movable medical pendant in operation theaters and surgery centers

The movable pendant segment valuation was 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 segment growth.
 

Several advantages of ceiling mounted pendant will impel its adoption

The ceiling mounted medical pendant market held a revenue share of more than 80% in 2019. 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 healthcare expenditure and rising number of hospitals will fuel the market size expansion

Global Medical Pendant Market By End-use

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The hospital end-use segment accounted for 58% market share 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.  
 

Increasing prevalence of various chronic disorders coupled with rising ICU admissions

The intensive care unit segment is expected to witness over 7.1% growth rate during the forecast period. Increasing number of people suffering from various chronic disorders coupled with rising ICU admissions will boost the segment growth.
 

For instance, as per the recently published statistics by The Regents of the University of California, in the U.S., approximately 4 million ICU admissions take place on an annual basis. Thus, in order to systematically manage the care for every patient in ICU, the healthcare facilities will focus on the adoption of medical pendant, spurring the market demand.
 

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

Medical Pendant Market Share

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U.S. dominated the North America medical pendant market size and is estimated to expand at a CAGR of more than 6% through 2026 owing to the strong presence of industry players and high demand for surgical booms. Moreover, increasing number of surgical procedures across the country will enhance the regional market revenue.
 

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.
 

UK market revenue was over USD 14 million in 2019. The substantial size of the country is credited 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. To fulfil these needs, the market players are focusing on delivering technologically advanced medical supply units.
 

Implementation of several strategies such as new product launches and acquisitions by the major industry players

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

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:
 

Market, By Product

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

Market, By Installation

  • Ceiling Mounted Pendant
  • Wall Mounted Pendant
  • Others

Market, By Application

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

Market, By End-use

  • 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 market size of medical pendant exceeded USD 420 million in 2019.
The industry share of medical pendant is poised to grow at a CAGR of over 7.2% between 2020 and 2026.
U.S. dominated the North America market size and is estimated to expand at a CAGR of more than 6% through 2026 owing to the strong presence of industry players and high demand for surgical booms.
The ceiling mounted pendant dominated a market share of more than 80% in 2019 as they ideal for providing medical gases and electrical components to intensive care units, operation theaters and general hospital wards.
Some of the prominent companies in the industry are Amico Corporation, BeaconMedaes, Bejing Aeonmed, Dragerwerk AG, Hutz Medical, INMED-Karczewscy, MEDGAS-Technik Gmbh, Mediland and Ondal Medical Systems.

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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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