Medical Pendant Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The global medical pendant industry is estimated to foresee immense business growth over the coming years as healthcare systems across the globe increasing their operating rooms and ICU capacities. Medical pendants are highly important since they play an important role in a healthcare facility by ensuring smooth workflows for healthcare workers, as well as maintaining safety in hospitals and assuring infection prevention.
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Medical pendants also offers a safe and secure connection to data networks and power as well as to the medical gas supply reserves, delivering a stable and flexible platform for medical accessories and devices. These equipment also play a major role in maintaining efficient workflows, infection prevention, and safety in hospitals.
In terms of product type, the medical pendant market is classified into movable pendant and fixed pendant. Of these, in 2019 the movable pendant segment witnessed a valuation of $286.7 million. The segment is further projected to witness tremendous growth through the forthcoming timespan. Movable pendants are used extensively due to their favorable features like easy movability, and strong, durable, as well as excellent performance. The pendants observe tremendous application scope in operation theatres for surgery or operation as well as monitoring purposes.
With reference to application, the market is categorized into endoscopy, anesthesia, general surgery/operating theatres, ICU (Intensive Care Unit), and others. In 2019, the anesthesia segment witnessed a valuation of $60.1 million and is anticipated to foresee a remunerative revenue expansion through the forecast timeframe. Medical anesthesia pendants are especially designed to improve the workflows in operation rooms or medical environments. Medical pendants provide medical gas and electrical services to anesthetists, making them highly integral for fostering the segment outlook.
In terms of end-use, the industry landscape is bifurcated into ambulatory surgical centers, hospitals, and others. Of these, the ambulatory surgical centers segment was valued at $119.3 million in 2019. The segment is forecast to witness a highly lucrative revenue growth over the coming years owing to the tremendous cost-effectivity offered by these facilities. Ambulatory surgical centers prove to be 45-60% less expensive compared to hospitals, which offers immense savings to patients, taxpayers, and insurers. In fact, according to the Department of Health and Human Services reports, taxpayers can save up to $15 billion while Medicare patients can save up to $3 billion if all major surgeries were performed in ambulatory surgical centers. Moreover, the increasing number of ambulatory surgical centers should further stimulate the demand for medical pendants over the coming years.
Major market players are increasingly adopting several strategies such as collaborations, acquisitions, and investments to gain a competitive edge over others. Taking December 2019 for instance, IK investment partners acquired Ondal Medical Systems, renowned medical pendant system firm, from Capvis. The Ondal acquisition would provide IK a stronger footing in the industry landscape.
The competitive landscape of the medical pendant market is inclusive of players such as Trumpf Medical, Tedisel Medical, SURGIRIS, STERIS plc., Starkstrom, SKYTRON, LLC, S.I.M.E.O.N. Medical GmbH & Co. KG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Silbermann Technologies, SHANGHAI AMCAREMED TECHNOLOGY Co., and SHANGHAI PAX MEDICAL INSTRUMENT CO., LTD. among others.
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Partial Chapter of the Table of Content
Chapter 4. Medical Pendant Market, By Product
4.1. Key segment trends
4.2. Fixed Pendant
4.2.1. Market size, by region, 2015 – 2026 (USD Million)
4.2.2. Market size, by region, 2015 – 2026 (Units)
4.3. Movable Pendant
4.3.1. Market size, by region, 2015 – 2026 (USD Million)
4.3.2. Market size, by region, 2015 – 2026 (Units)
4.3.3. Single-arm Movable Pendant
220.127.116.11. Market size, by region, 2015 – 2026 (USD Million)
18.104.22.168. Market size, by region, 2015 – 2026 (Units)
4.3.4. Multi-arm Movable Pendant
22.214.171.124. Market size, by region, 2015 – 2026 (USD Million)
126.96.36.199. Market size, by region, 2015 – 2026 (Units)
Chapter 5. Medical Pendant Market, By Installation
5.1. Key segment trends
5.2. Ceiling Mounted Pendant
5.2.1. Market size, by region, 2015 – 2026 (USD Million)
5.2.2. Market size, by region, 2015 – 2026 (Units)
5.3. Wall Mounted Pendant
5.3.1. Market size, by region, 2015 – 2026 (USD Million)
5.3.2. Market size, by region, 2015 – 2026 (Units)
5.4.1. Market size, by region, 2015 – 2026 (USD Million)
5.4.2. Market size, by region, 2015 – 2026 (Units)