Medical Pendant Market Size Is Predicted To Reach $639.2 Million By 2027

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.

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.

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Medical Pendant Market Report Highlights

• Based on product, the fixed segment dominated the market in 2019 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 2019. 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 2019 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

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Medical Pendant Market Segmentation

Grand View Research has segmented the global medical pendant market on the basis of product, application, capacity, end-use, and region:

Medical Pendant Product Outlook (Revenue, USD Million, 2016 - 2027)

• Fixed
• Fixed Retractable
• Single Arm Movable
• Double and Multi-arm Movable
• Accessories

Medical Pendant Application Outlook (Revenue, USD Million, 2016 - 2027)

• Surgery
• Endoscopy
• Anesthesia
• Intensive Care Unit (ICU)
• Others

Medical Pendant Capacity Outlook (Revenue, USD Million, 2016 - 2027)

• Low Duty
• Medium Duty
• Heavy Duty

Medical Pendant End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Clinics
• Others

Medical Pendant Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Latin America
• Mexico
• Brazil
• Argentina
• Colombia
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• UAE

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.

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