Medical Pendant Market worth over $680mn by 2026

Medical Pendant Market size is set to surpass USD 680 million by 2026, according to a new research report by Global Market Insights, Inc.
 

Medical pendant ensures convenient positioning of gas, medical equipment, and other instruments across healthcare facilities. Owing to the factors such as increasing number of hospital admissions and rising healthcare facilities across the globe, the medical pendant market will witness significant growth over the coming years. Additionally, emergence of newer technologies related to medical supply systems will significantly contribute to the market revenue.

 

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Rapidly increasing hospital admissions due to various medical illnesses will positively influence the medical pendant industry demand. As per the recent news article, around 60% of all the patients admitted to hospitals in the U.S. are involved in some or the other surgical procedures. As medical pendant improves safety and infection control in operating rooms, the hospitals will increase the product adoption. Moreover, advent of technologically advanced medical supply units will boost the market growth.
 

Several benefits of fixed pendant over movable pendant will propel the segmental growth

Medical Pendant Market

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The fixed medical pendant market size was around USD 133 million in 2019 owing to the factors such as stronger lifting capacity and easy installation procedures. Moreover, increasing use of fixed pendant in general hospital wards, operation theaters and critical care units will enhance the segment growth. In addition, the fixed pendant provides cost-effective delivery of medical supply services as compared to movable pendant.
 

Browse key industry insights spread across 250 pages with 546 market data tables & 17 figures & charts from the report, 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 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/medical-pendants-market
 

Increasing number of surgical operations and procedures across the world

The general surgery/operating theaters segment is expected to expand at 7.2% CAGR during the forecast timeframe. The segmental growth is attributed to the growing number of surgical operations and procedures across the world. For instance, as per the recently published statistics by Eurostat, in 2017, around 1.4 million caesarean sections were performed in European Union (EU). During these surgical procedures, the timely access to various surgical equipment is required. These requirements are fulfilled with the help of medical pendant.
 

Availability of various models in wall mounted pendant systems

The wall mounted medical pendant market held a revenue share of around 14% in 2019. The wall mounted installation of medical pendant meets the necessary hygiene and cleanliness requirements in hospitals to avoid any risk of infection. The wall mounted pendant is commonly used in small operating theaters, intensive therapy, emergency wards and anesthesiology. These pendants can be produced in three models including wall pendant, vertical wall pendant and hidden installation wall pendant.
 

Rising demand for minimally invasive surgical procedures coupled with emergence of newer technologies related to surgical devices

The ambulatory surgical centers segment valued at USD 119 million in 2019. A surge is seen in the number of ambulatory surgical centers from the past few years owing to the increasing demand for minimally invasive surgical procedures and technological advancements in surgical instruments and devices. These surgery centers require proper positioning of terminal units, medical equipment, and medical gas equipment during surgical procedures.
 

Growing need for surgical booms with high service capacity and flexibility in China

Germany medical pendant market revenue estimated at USD 28 million in 2019 due to the constantly improving healthcare facilities such as surgery centers, hospitals, clinics, etc. Moreover, increasing need for medical supply systems across healthcare facilities will generate the demand for medical pendant across the country. As ceiling mounted pendant assist in maintaining safety, efficient workflows and infection prevention in hospitals and surgery centers, the product adoption will increase in the coming years. In addition to that, presence of key market players across the country will augment the market growth.
 

China medical pendant industry is predicted to register growth of more than 11.3% through 2026 impelled by rising demand for surgical booms and medical supply units. The hospitals in China require instruments that offers maneuverability, high service capacity and flexibility to perform surgical operations and procedures. These requirements are accomplished by the installation of medical pendant in hospitals. Additionally, growing number of healthcare facilities across the country will positively influence the market size.
 

Companies focusing on new product launches and strategic acquisitions will contribute to the market growth

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

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