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

The Global Medical Pendant Market was valued at USD 95.18 million in 2017 and is anticipated to garner USD 149.01 million by the end of 2023. The market across the globe is expected to register 7% CAGR during the forecast period (2017-2023). Medical pendant is a wireless device which is specifically designed to alert the healthcare professionals regarding the occurrence of an emergency or hazard which require immediate attention. Such systems are expensive and require technicians for proper installation and operation. Medical pendants are classified into two types of alarm devices; active and passive. While active devices require impetus from the user in order to trigger the alarm, passive devices monitor the wearer and notifies based on lack of activity.

Medical pendant provides the correct positioning of terminal units, medical gas, medical equipment, and specialty and electrical services, thereby fulfilling the requirements of a hospital. With the increasing need for low-risk and safe work space for the medical workforce, the global medical pendant market is presumed to accelerate during the assessment period. The high demand for medical pendant systems in operation theatres and intensive care units is driving the market globally. Moreover, the effective results achieved in the areas of surgery and endoscopy are triggering the demand for medical pendants. Technological advancements and innovations allowing medical systems to move on as required by the press of a button are further influencing the market growth.
Segmentation Analysis

The global medical pendant market has been segmented on the basis of product, application, and region.

Based on product, the global medical pendant market has been segmented into fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories. Among these, the fixed pendants hold the largest market share, whereas the single arm moveable pendants account for the fastest growing segment.

Based on application, the global medical pendant market has been segmented into hospital, clinics and others. The hospital segment is further sub-segmented into intensive care unit (ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among these, the clinics segment is expected to be the fastest growing segment.

Key Players

The key players of global medical pendant market comprise Skytron LLC, Ondal Medical Systems GmbH, Megasan Medikal, Elektra Hellas S.A., MEDIMAXKOREA, Tedisel Medical, Brandon Medical Co. Ltd., Starkstrom, Surgiris, and BeaconMedæs.

Global Medical Pendant Market by Product

• Fixed Pendants
• Fixed Retractable Pendants
• Single Arm Movable Pendants
• Double & Multiarm Movable Pendants
• Accessories

Global Medical Pendant Market by Application

• Hospital
• Clinics

Global Medical Pendant Market by Region

• Europe
• Americas
• Asia Pacific
• Middle East & Africa