North America to Dominate the Global Medical Pendant Market till 2026
Increasing number of hospitals and rising
geriatric population is expected to drive the demand for global medical pendant
market in the forecast period.
According to TechSci Research report, “Global
Medical
Pendant Market By Product Type (Fixed, Fixed Retractable, Single Arm
Movable, Double & Multi-arm Movable) By Application (Surgery, Endoscopy,
Anesthesia, Intensive Care Unit (ICU), Others) By Capacity (Low Duty, Medium
Duty, Heavy Duty) By End User (Hospitals & Clinics, Ambulatory Care
Centers, Others) By Company, By Region, Forecast & Opportunities, 2026”,
The global medical pendant market is expected to witness steady growth for the
upcoming five years. Medical pendant is basically used for keeping crucial
medical devices and objects while performing surgeries by healthcare
professionals. Medical pendants consisting of high number of gas service and
electrical point and huge application of electronic devices during surgical
procedures is fueling the demand of this segment.
The COVID-19 outbreak across the world which has
been declared as pandemic by World Health Organization has affected several
countries adversely. Leading authorities-imposed lockdown restrictions and
released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. Leading authorities increased the
capacity of hospitals as a greater number of patients were getting affected
daily and getting admitted into the hospital facilities. The demand for
critical care devices increased during this period. Also, the need for
infection prevention and ensure highest safety during surgical procedures
increase the demand for medical pendants during the forecast period.
However, high cost of medical pendants may
create hindrance in the global medical pendant market growth.
Browse XX Figures spread through XX Pages and an in-depth
TOC on "Global Medical
Pendant Market”.
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Global medical pendant market is segmented into product type,
application, capacity, end user, end user, regional distribution, and company. Based
on product type, market can be divided into fixed, fixed retractable, single
arm movable, and double & multi-arm movable. The fixed product type segment
is expected to account for major market share for the forecast period,
2022-2026. Fixed medical pendant system can be easily installed, light weight
and cost-effective in nature. High rate of adoption of medical pendants in
endoscopy, intensive care units, surgeries and anesthesia is expected to fuel
the demand for fixed medical pendant. Based on application, market can be
fragmented into surgery, endoscopy, anesthesia, intensive care unit (ICU), and
others. The surgery application segment is expected to dominate the market for
the next five years due to increase in the number of surgical procedures being
performed across the globe. Based on capacity, market can be divided into low
duty, medium duty, and heavy duty. The low duty capacity segment is expected to
hold significant share for the predicted period. Low duty medical pendant is easy
to maintain and use as compared to heavy duty medical pendant. Low duty pendant
requires minimal maintenance and is more cost-effective than its counterparts.
It is in high demand from small healthcare facilities and clinics which is
further boosting the demand for this segment. Based on end user, market can be
fragmented into hospitals & clinics, ambulatory care centers, and others.
The hospitals & clinics segment is expected to account for largest market
share fir the forecast period. Increase in number of hospital facilities along
with use of specialized medical pendants in intensive care units and operation
theatres is accelerating the demand for hospital segment. Hospitals are
equipped with latest medical devices and equipment to meet patient’s requirement.
Brandon Medical Co. Ltd, Dragerwerk AG & Co. KGaA, Steris
Plc., Ondal Medical Systems GmbH, Elektra Hellas SA, Beacon Medaes LLC, Tedisel
Medical S.L., Amico Corporation are the leading players operating in global medical
pendant market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several medical
pendant manufacturers are coming up with their technologically advanced
offerings.
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“High-end
investment by major market players to upgrade the existing infrastructure and
technological advancement of the medical pendant device such as latest medical
is resistant to bacteria as it is made up of antibacterial material. Also, the
launch of multi-purpose medical pendants consisting of long vertical consoles
and are equipped with rails and shelves which provide a wider workspace area is
expected to influence the medical pendant market demand. Rise in the number of
surgeries being performed in healthcare facilities along with technological
advanced products is anticipated to propel the market growth till 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Medical Pendant Market By Product Type (Fixed, Fixed
Retractable, Single Arm Movable, Double & Multi-arm Movable) By Application
(Surgery, Endoscopy, Anesthesia, Intensive Care Unit (ICU), Others) By Capacity
(Low Duty, Medium Duty, Heavy Duty) By End User (Hospitals & Clinics,
Ambulatory Care Centers, Others) By Company, By Region, Forecast &
Opportunities, 2026” has evaluated the
future growth potential of global medical pendant market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global medical pendant market.
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