Top Emerging Trends Of Medical Pendant Market Progress Forecast 2027

Posted by Mrudula Anil Karmarkar on April 27th, 2021

The global medical pendant market size is anticipated to reach USD 639.2 million by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Increasing number of healthcare professionals, clinics, and other healthcare facilities along with the technological advancements is anticipated to drive the market.

With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.

According to the Australian Government Department of Health, the number of doctors in Australia has increased from 85,491 in 2014 to 95,194 in 2017. In addition, as per the report by the Canadian Institute for Health Information, in 2018, there were around 89,911 physicians in Canada, representing around a 3.8% increase from 2017. Thus, an increasing number of healthcare professionals, clinics, and other healthcare facilities are expected to drive the market.

Technological advancements and innovations in medical pendants are anticipated to increase the demand for these systems during the forecast period. Medical pendants with various multi-faceted designs and ultra-flexible configurations are commercially available and are mainly focused on meeting specific healthcare requirements. For instance, in March 2017, Brandon Medical Co., Ltd. launched Mediclean (an UCV system), Medicontrol iTCP device, and Astralite AL10, surgical and examination light.

Medical pendant is used by healthcare professionals to maintain an efficient workflow by positioning various necessary objects and medical devices while performing surgeries or 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.

Medical Pendant Market Report Highlights

  • Based on product, the fixed segment dominated the market in 2020 owing to its increasing adoption in surgeries, endoscopy, anesthesia, and intensive care unit (ICU)
  • ICU segment is growing at the highest CAGR owing to the increasing number of emergencies and accidents worldwide
  • Based on capacity, the low duty segment accounted for a significant market share in 2020. The introduction of new and aesthetic low duty pendants with increased functionality in addition to its economic cost has resulted in the growing demand for low duty pendants globally
  • The clinic segment is expected to witness the highest CAGR during the forecast period. Increasing adoption of medical pendants in surgeries, anesthesia, endoscopy, and other healthcare specialties, such as gynecology and obstetrics is anticipated to drive segment growth
  • North America dominated the medical pendant market with the highest revenue share in 2020 owing to the rising burden of critical diseases, robust healthcare facilities, and an increasing number of healthcare specialists
  • Few of the key players operating in the market are Elektra Hellas S.A, Starkstrom, Brandon Medical Co. Ltd, Skytron LLC, Surgiris, BeaconMedaes, MEDIMAXKOREA, Tedisel Medical, Ondal Medical Systems GmbH, and Megasan Medikal

An increasing number of healthcare professionals and a 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 the U.S. In addition, as per the Ministry of Health, Labor, and Welfare, the number of medical juridical persons has increased from 51,958 in 2016 to 53,000 in 2018.

Furthermore, the introduction of technologically advanced products by the key players is also contributing to 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 a wider workspace. Thus, benefits offered by these systems are expected to fuel market growth.

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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. Some of the prominent players in the medical pendant market include:

  • Elektra Hellas S.A
  • Starkstrom
  • Brandon Medical Co. Ltd
  • Skytron LLC
  • Surgiris
  • BeaconMedaes
  • MEDIMAXKOREA
  • Tedisel Medical
  • Ondal Medical Systems GmbH
  • Megasan Medikal

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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