Global Medical Pendant Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Medical Pendant Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Medical Pendant market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global medical pendant market size was valued at USD 393.3 million in 2019 and is anticipated to witness a CAGR of 6.3% over the forecast period. Increasing technological advancement in the medical pendants, rising number of healthcare professionals, clinics, hospitals, and other healthcare centers, and growing demand for medical pendants are few factors driving the market.

Medical pendant is used by healthcare professionals to maintain an efficient workflow by positioning various necessary objects and medical devices while performing surgeries or the procedures. They play a crucial role as they help in maintaining infection prevention and safety in the hospital by ensuring a safe connection to data and power networks.

Increasing number of healthcare professionals and rising number of hospitals and clinics worldwide is expected to fuel the demand for medical pendant systems. For instance, according to the American Hospital Association in 2017, there were around 6,210 community hospitals and 1,875 rural community hospitals in U.S. In addition, as per the Ministry of Health, Labor, and Welfare, the number of medical juridical person has increased from 51,958 in 2016 to 53,000 in 2018.

Furthermore, introduction of technologically advanced products by the key players is also contributing towards market growth. For instance, Ondal Medical Systems GmbH offers MediBoom with Service Head M6, a single arm movable medical pendant that can be integrated with M6 MediSound-System. This system is manufactured using a special antibacterial material and is resistant to harmful bacteria.

These medical pendant systems are used for proper positioning of medical equipment, terminal units, and medical gas equipment. The rising demand for medical pendants can be mainly attributed to their high adoption during surgeries. For instance, Trivitron Healthcare offers multi-purpose surgeon pendants, which consist of long vertical consoles and serve as both equipment and fluid management pendants during surgeries. These medical pendant systems are also equipped with shelves and rails, which eliminate the use of trolleys and provide wider workspace. Thus, benefits offered by these systems are expected to fuel market growth.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Medical Pendant market are included as given below:

Major players in the industry comprise of Elektra Hellas S.A, Starkstrom, Brrandon Medical Co. Ltd, Skytron LLC, Surgiris, BeaconMedaes, MEDIMAXKOREA, Tedisel Medical, Ondal Medical Systems GmbH, and Megasan Medikal. These key market players are focusing on the launch of innovative types of medical devices, growth strategies, and technological advancements. For instance, Trivitron Healthcare offers multi-purpose surgeon pendants, which consist of long vertical consoles and serve as both equipment and fluid management pendants during surgeries. These advancements are anticipated to boost market growth over the forecast period.

The global Medical Pendant market has been segmented as below:

  • Product 
    • Fixed
    • Fixed Retractable
    • Single Arm Movable
    • Double and Multi-arm Movable
    • Accessories
  • Application 
    • Surgery
    • Endoscopy
    • Anesthesia
    • Intensive Care Unit (ICU)
    • Others
  • Capacity Outlook 
    • Low Duty
    • Medium Duty
    • Heavy Duty
  • End-use 
    • Hospitals
    • Clinics
    • Others
  • Global Medical Pendant Market by Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Reasons to Purchase this Report:

Estimates Medical Pendant development trends with SWOT analysis

  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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