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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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 info visit @ https://www.grandviewresearch.com
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