Medical Pendant Market growth probability, and future Scenario

Posted by vinit sawant on February 2nd, 2021

Over the last couple of years, the global medical pendant has continuously been rising with the increasing need for low-risk and safe workspace for the medical workforce. Moreover, the augmenting demand for medical pendant systems in operation theatres and intensive care units is escalating the market on the global platform.

Considering the phenomenal upsurges, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global medical pendant market will garner a value of USD 149.01 MN by 2023 registering a 7% CAGR throughout the forecast period (2017-2023).

Additional factors triggering the demand for medical pendants include the useful results achieved in the areas of surgery and endoscopy and technological advancements and innovations allowing medical systems to move on a press of a button. Also, factors such as the advancements in robotic technology and the increasing number of robotic surgeries are further influencing the market growth.

On the other hand, factors such as the high cost of medical pendant systems are impeding the growth of the market, restricting their uptake.