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Global Medical Pendant Market is anticipated to rise at a value CAGR of 6.75% over 2019-2028. According to a study published by Insure Insights on the Global Medical Pendant Market. Medical Pendant is being used in the hospitals by the healthcare professionals as they assist in the efficient workflow by positioning various necessary objects and medical devices while performing surgeries or procedures. They play a crucial role as they help to prevent infection and enhances safety in the hospital by ensuring a safe connection to data and power networks. The surge in the elderly population and rising healthcare expenditure have fostered the market.
Top Driver: The rise in the incidences of Chronic disorders around the globe have escalated the demand of the market
The increase in the occurrence of Chronic disorders, accidents around the world is the key factor boosting the market growth. The technological advancement in the medical pendants, rising number, clinics, hospitals, and other healthcare centers, have increased the demand for medical pendants The rise in the emergency cases in hospitals, sophisticated healthcare expenditure and government initiatives for better healthcare have further boosted the market growth
Movable Medical Pendant rules the Global Medical Pendant Market
Based on the Product, Movable Medical Pendant segment has held the most lucrative growth, as they have gained more preference over fixed pendants. These pendants require less maintenance and are available in various sizes; they are mostly used in operation theaters as well as surgical centers. The rise in the number of surgeries around the globe have improved the demand for Movable Medical Pendant and is thus ultimately contributing to the industry growth. An increase in the demand for the use of Movable Medical Pendant in hospitals to perform surgical procedures have boosted the overall growth.
In terms of the Application, the Intensive Care Unit segment, ICU has obtained the most significant market growth owing to the number of people suffering from various chronic disorders, and an increase in the number of accidents has fostered the segmental growth. Based on the End-user Hospitals segment have held the most remarkable market growth pertaining to provide better-advanced treatments to the patients, increasing healthcare expenditure in hospitals, and a growing number of public and private hospitals have escalated the overall growth.
North America dominates the regional market with the presence of key competitors
North America has held the most lucrative growth owing to the presence of key players like Amico Corporation, BeaconMedaes. The increase in the number of surgical procedures, medical tourism, and the rise in healthcare spending has positively impacted the North American market. The technological advancements in medical pendants and better healthcare facilities in the region have fostered the regional market. The growth in the number of critical diseases, availability of trained professionals, and favorable government initiatives pertaining to the adoption of medical devices have improved the overall demand for Medical pendants in the region. The increasing geriatric population and rising healthcare expenditure have further boosted the regional revenue.
Strategic Collaborations, Mergers, and Acquisition are the major strategies of the competitors
The Players of the Global Medical Pendant Market is fragmented. Collaborations, Mergers, and acquisitions are strategies used by competitors. The key competitors of the Global Medical Pendant Market are Amico Corporation, BeaconMedaes, Bejing Aeonmed, Dragerwerk AG, Hutz Medical, INMED-Karczewscy, Medil, MEDGAS-Technik Gmbh and Ondal Medical Systems
Dragerwerk AG: Dragerwerk AG is a popular competitor in the Global Medical Pendant Market. In April 2017, Dragerwerk AG had announced the acquisition of a 51 percent stake of Hamburg-based start-up bentekk; they are involved in developing innovative gas measurement devices for industrial applications. The acquisition was made by Dragerwerk AG to extend its portfolio in the area of mobile gas measurement.
Scope of the Report
By Product Type
By Application
By End User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Medical Pendant Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Medical Pendant Market -Industry Snapshots
6.1.1 Global Medical Pendant Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Medical Pendant Market Analysis, by Product Type
7.2 Key Findings for Medical Pendant Market – By Product Type
7.2.1 Medical Pendant Market – Fixed Pendant
7.2.2 Medical Pendant Market – Movable Pendant
Chapter 8 Global Medical Pendant Market Analysis, by Application
8.2 Key Findings for Medical Pendant Market – By Application
8.2.1 Medical Pendant Market – Intensive Care Unit (ICU)
8.2.2 Medical Pendant Market – General Surgery/Operating Theatres
8.2.3 Medical Pendant Market – Anesthesia
8.2.4 Medical Pendant Market – Endoscopy
Chapter 9 Global Medical Pendant Market Analysis, by End User
9.2 Key Findings for Medical Pendant Market – By End User
9.2.1 Medical Pendant Market – Hospitals
9.2.2 Medical Pendant Market – Ambulatory Surgical Centers
9.2.3 Medical Pendant Market – Others
Chapter 10 Medical Pendant Market Analysis by Region
10.1 Key Findings for Medical Pendant Market – By region
10.2.1 Global Medical Pendant Market Analysis, By Product Type, 2019 – 2028
10.2.2 Global Medical Pendant Market Analysis, By Application, 2019 – 2028
10.2.3 Global Medical Pendant Market Analysis, By End User, 2019 – 2028
10.3 Medical Pendant Market – North America
10.3.5 North America Market, By Product Type
10.3.6 North America Market, By Application
10.3.7 North America Market, By End User
10.4 Medical Pendant Market – Europe
10.4.7 Europe Market, By Product Type
10.4.8 Europe Market, By Application
10.4.9 Europe market by, End User
10.5 Medical Pendant Market – Asia Pacific
10.5.6 Asia Pacific Market, By Product Type
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By End User
10.6 Medical Pendant Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Product Type
10.6.6 Latin America, Middle East and Africa Market, By Application
10.6.7 Latin America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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