Medical Pendant Market Analysis By Product(Fixed, Fixed Retractable, Single Arm Movable, Double & Multi-arm Movable, Accessories), By Capacity(Low Duty, Medium Duty, Heavy Duty), By Applications(Surgery, Endoscopy, Anaesthesia, Intensive Care Unit (ICU)), By End User(Hospitals, Clinics) & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 250
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Medical Pendant worldwide was worth $603 million US dollars. AMR Group projects that the market will reach US$ 953 million by 2031, growing at a CAGR of 8.9 percent between 2022 and 2031.
Industry Overview
A medical pendant is a device that is typically mounted on the ceiling or wall of a hospital or other healthcare facility. It is used to support medical equipment and supplies such as monitors, infusion pumps, and ventilators. Medical pendants are designed to be adjustable and can be moved up, down, or to the side to position medical equipment where it is needed. This can help healthcare professionals to work more efficiently and reduce the risk of accidents or injuries from tripping over cords or hoses. Medical pendants typically feature a range of hooks, shelves, and other attachments to hold medical equipment and supplies, as well as electrical outlets and gas connections for devices that require power or compressed air. Some medical pendants may also include lighting or video systems to aid in medical procedures. Medical pendants can be customized to fit the needs of a specific healthcare facility, and they are often used in surgical suites, intensive care units, and other areas where medical equipment and supplies need to be easily accessible.
Market Dynamics
The global medical pendant market is driven by several factors, including:
Increasing demand for efficient and ergonomic medical equipment: Medical pendants provide a more efficient and ergonomic solution for mounting and positioning medical equipment, which can improve the workflow and safety of healthcare professionals. As the demand for efficient medical equipment increases, so does the demand for medical pendants.
Growth in the healthcare sector: The global healthcare sector is growing rapidly, driven by factors such as an aging population, rising healthcare expenditure, and advances in medical technology. This growth is expected to drive demand for medical pendants as healthcare facilities expand and upgrade their equipment.
Advancements in technology: Technological advancements such as wireless communication, remote monitoring, and smart device integration are expected to drive innovation in the medical pendant market, leading to the development of more advanced and user-friendly products.
Focus on patient safety: Patient safety is a top priority in healthcare, and medical pendants can help reduce the risk of accidents and injuries by keeping medical equipment and cords off the floor and out of the way of patients and healthcare professionals.
High initial cost: Medical pendants can be costly to install initially, which can be a barrier to adoption for some healthcare facilities. However, the long-term benefits of increased efficiency and safety can outweigh the initial investment.
Maintenance and service requirements: Medical pendants require regular maintenance and service to ensure they are functioning properly, which can add to the cost of ownership for healthcare facilities.
COVID Impact
The COVID-19 pandemic has had both positive and negative impacts on the medical pendant market.
Positive impacts:
Increased demand for medical equipment: The COVID-19 pandemic has led to an increase in demand for medical equipment, including medical pendants, as healthcare facilities work to meet the needs of patients.
Focus on infection control: The pandemic has highlighted the importance of infection control measures in healthcare facilities. Medical pendants can help reduce the risk of infection by keeping medical equipment and cords off the floor and out of the way of patients and healthcare professionals.
Telemedicine: With the increased use of telemedicine, medical pendants have become even more important as they can help healthcare professionals to position cameras and other equipment needed for virtual consultations.
Negative impacts:
Supply chain disruptions: The pandemic has led to disruptions in global supply chains, which can affect the availability of medical pendants and other medical equipment.
Delayed or cancelled projects: The pandemic has led to delays or cancellations of construction projects, which can impact the installation of medical pendants in new or renovated healthcare facilities.
Reduced budgets: The pandemic has put a strain on healthcare budgets, which can limit the ability of healthcare facilities to invest in new equipment, including medical pendants.
Regional Trend
The global medical pendant market can be segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Here's a brief regional analysis of the medical pendant market:
North America:
North America is the largest market for medical pendants due to the presence of well-established healthcare infrastructure and high healthcare spending. The increasing adoption of advanced medical equipment and a growing focus on patient safety are driving the demand for medical pendants in the region.
Europe:
Europe is also a significant market for medical pendants, driven by increasing healthcare expenditure and the adoption of new medical technologies. The region has a well-established healthcare infrastructure and a high demand for efficient medical equipment, which is expected to drive the growth of the medical pendant market.
Asia Pacific:
Asia Pacific is expected to grow at the fastest rate due to increasing healthcare spending, growing demand for advanced medical equipment, and a large population. Rapidly expanding healthcare infrastructure, rising per capita income, and increasing awareness about patient safety are driving the growth of the medical pendant market in the region.
Latin America:
Latin America is a growing market for medical pendants, driven by increasing healthcare expenditure and the adoption of new medical technologies. The region has a developing healthcare infrastructure and a large population, which is expected to drive the growth of the medical pendant market.
Middle East & Africa:
The Middle East & Africa is a developing market for medical pendants, with increasing healthcare expenditure and a growing focus on improving healthcare infrastructure. The region is expected to witness significant growth in the coming years due to the rising demand for advanced medical equipment and increasing awareness about patient safety.
Competitive Landscape
The global medical pendant market is highly competitive, with several major players competing for market share.
Some of the key players in the market include:
Amico Group
Drägerwerk AG & Co. KGaA
Skytron LLC
Steris plc
Hill-Rom Holdings, Inc.
Brandon Medical Co Ltd
Medical Technologies Ltd.
The competition in the medical pendant market is driven by factors such as product innovation, quality, and pricing. The major players in the market are investing in research and development to improve the performance and features of their medical pendants and gain a competitive edge. Additionally, partnerships and collaborations with healthcare facilities are an important strategy for players to expand their market presence and increase sales.
Key USP’s-
Medical pendants are designed to improve patient safety by reducing clutter and minimizing the risk of accidents or incidents. They provide a secure and organized way to store medical equipment and supplies, making it easier for healthcare professionals to access what they need quickly and efficiently. Medical pendants are highly flexible and customizable, allowing healthcare facilities to configure them to meet their specific needs. They can be configured with a range of equipment, including medical gases, electrical outlets, and communication systems, making them versatile and adaptable to various healthcare environments.
Market Segmentation
Market segmentation for medical pendants can be done based on a variety of factors, including:
Age: Medical pendants are primarily used by seniors or individuals with disabilities. Segmenting the market based on age can help in developing marketing strategies that are tailored to different age groups.
Medical condition: Different medical conditions require different types of medical pendants. For example, individuals with epilepsy may require a pendant that can detect seizures and alert emergency services.
Income level: Medical pendants can vary greatly in price. Segmenting the market based on income level can help in developing pricing strategies that are targeted towards different income groups.
Lifestyle: Some individuals may lead more active lifestyles than others. Segmenting the market based on lifestyle can help in developing medical pendants that are better suited for different activities.
Gender: Women tend to live longer than men, and may therefore be a more prominent target market for medical pendants.
By segmenting the market based on these factors, companies can better understand the needs and preferences of their target customers, and develop products and marketing strategies that cater to those needs.
Global Medical Pendant Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023Historic Year: 2016-2022
Forecast: 2024-2035
1. Global Medical Pendant Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Medical Pendant Market Scope and Market Estimation
1.2.1.Global Medical Pendant Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2032)
1.2.2.Global Medical Pendant Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2032
1.3. Market Segmentation
1.3.1.Product of Global Medical Pendant Market
1.3.2.Capacity of Global Medical Pendant Market
1.3.3.Application of Global Medical Pendant Market
1.3.4.End User of Global Medical Pendant Market
1.3.5.Region of Global Medical Pendant Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Medical Pendant Market Industry Trends under COVID-19 Outbreak
3.1.1.Global COVID-19 Status Overview
3.1.2.Influence of COVID-19 Outbreak on Global Medical Pendant Market Industry Development
3.2. Market Dynamics, By Region
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact Analysis of Drivers and Restraints
3.3. Ecosystem / Value Chain Analysis
3.3.1.Raw Materials / Components Suppliers
3.3.2.Manufacturers / Vendors
3.3.3.Distributors
3.3.4.Buyers / End-users
3.3.5.Forward Integration & Backward Integration of Key Stakeholders
3.4. Global Medical Pendant Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. End-User / Customer Preferences & Consumer Surveys
3.6. Technology Roadmap & Key Innovations /Developments
3.7. Key Mandates & Regulatory Scenario Analysis
3.8. Patents Landscape
3.9. Import & Export, By Countries (USD Million)
3.10. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
3.11. Porter’s Five Forces Analysis
3.11.1. Bargaining Power of Suppliers
3.11.2. Bargaining Power of Buyers
3.11.3. Threat of Substitutes
3.11.4. Threat of New Entrants
3.11.5. Competitive Rivalry
3.12. PEST Analysis
3.12.1. Political Factors
3.12.2. Economic Factors
3.12.3. Social Factors
3.12.4. Technological Factors
3.13. SWOT Analysis
3.14. Russia-Ukraine War Impacts Analysis
3.15. ANSOFF Matrix
3.15.1. Market Penetration Strategy
3.15.2. Product Development Strategy
3.15.3. Market Development Strategy
3.15.4. Diversification Strategy
3.16. Inflation Impacts Analysis
3.16.1. Supply Side Impacts
3.16.2. Demand Side Impacts
3.16.3. Outlook in 2023 & Beyond
3.17. Market Investment Feasibility Analysis
3.18. Opportunity Map Analysis
3.19. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Medical Pendant Market Estimates & Historical Trend Analysis (2019 - 2022)
5. Global Medical Pendant Market Estimates & Forecast Trend Analysis, by Product
5.1. Global Medical Pendant Market Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2032
5.1.1.Fixed
5.1.2.Fixed Retractable
5.1.3.Single Arm Movable
5.1.4.Double & Multi-arm Movable
5.1.5.Accessories
6. Global Medical Pendant Market Estimates & Forecast Trend Analysis, by Capacity
6.1. Global Medical Pendant Market Revenue (US$ Mn) Estimates and Forecasts, by Capacity, 2019 to 2032
6.1.1.Low Duty
6.1.2.Medium Duty
6.1.3.Heavy Duty
7. Global Medical Pendant Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Medical Pendant Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2032
7.1.1.Surgery
7.1.2.Endoscopy
7.1.3.Anaesthesia
7.1.4.Intensive Care Unit (ICU)
8. Global Medical Pendant Market Estimates & Forecast Trend Analysis, by End User
8.1. Global Medical Pendant Market Revenue (US$ Mn) Estimates and Forecasts, by End User, 2019 to 2032
8.1.1.Hospitals
8.1.2.Clinics
8.1.3.Others
9. Global Medical Pendant Market Estimates & Forecast Trend Analysis, by Region
9.1. Global Medical Pendant Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
9.1.1.North America
9.1.2.Europe
9.1.3.Asia Pacific
9.1.4.Middle East & Africa
9.1.5.South America
10. North America Medical Pendant Market: Estimates & Forecast Trend Analysis
10.1. North America Medical Pendant Market Assessments & Key Findings
10.1.1. Medical Pendant Market Introduction
10.1.2. Medical Pendant Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
10.1.2.1. By Products
10.1.2.2. By Capacity
10.1.2.3. By Application
10.1.2.4. By End User
10.1.2.5. By Country
10.1.2.5.1. The U.S.
10.1.2.5.2. Canada
10.1.2.5.3. Mexico
11. Europe Medical Pendant Market: Estimates & Forecast Trend Analysis
11.1. Europe Medical Pendant Market Assessments & Key Findings
11.1.1. Medical Pendant Market Introduction
11.1.2. Medical Pendant Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
11.1.2.1. By Products
11.1.2.2. By Capacity
11.1.2.3. By Application
11.1.2.4. By End User
11.1.2.5. By Country
11.1.2.5.1. Germany
11.1.2.5.2. U.K.
11.1.2.5.3. France
11.1.2.5.4. Italy
11.1.2.5.5. Spain
11.1.2.5.6. Russia
11.1.2.5.7. Rest of Europe
12. Asia Pacific Medical Pendant Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific Market Assessments & Key Findings
12.1.1. Medical Pendant Market Introduction
12.1.2. Medical Pendant Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
12.1.2.1. By Products
12.1.2.2. By Capacity
12.1.2.3. By Application
12.1.2.4. By End User
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Medical Pendant Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa Market Assessments & Key Findings
13.1.1. Medical Pendant Market Introduction
13.1.2. Medical Pendant Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
13.1.2.1. By Products
13.1.2.2. By Capacity
13.1.2.3. By Application
13.1.2.4. By End User
13.1.2.5. By Country
13.1.2.5.1. U.A.E.
13.1.2.5.2. Saudi Arabia
13.1.2.5.3. Egypt
13.1.2.5.4. South Africa
13.1.2.5.5. Rest of Middle East & Africa
14. South America Medical Pendant Market: Estimates & Forecast Trend Analysis
14.1. South America Market Assessments & Key Findings
14.1.1. Medical Pendant Market Introduction
14.1.2. Medical Pendant Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
14.1.2.1. By Products
14.1.2.2. By Capacity
14.1.2.3. By Application
14.1.2.4. By End User
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of South America
15. Competition Landscape
15.1. Medical Pendant Market Competition Index, By Leading Players
15.2. Medical Pendant Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
15.3. Medical Pendant Market Competition White Space Analysis, By Material / End-user
15.4. Medical Pendant Market Competition Heat Map Analysis, By Products / Services / Solutions
15.5. Medical Pendant Market Competition Regional Intensity Map Analysis, By Geographies Served
15.6. Medical Pendant Market Concentration & Company Market Shares (%) Analysis, 2022
15.7. Medical Pendant Market Competition Quadrant Analysis, By Leading Players / Innovators / Emerging Players / New Entrants
16. Company Profiles
16.1. BeaconMedaes
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product / Service / Solutions Portfolio & Materials / End-uses
16.1.4. Business Strategy & Recent Developments
* Similar details would be provided for all the players mentioned below
16.2. Beijing Aeonmed Co. Ltd
16.3. Brandon Medical Co. Ltd
16.4. Dragerwerk AG & Co. KGaA
16.5. Elektra Hellas S.A
16.6. Medimaxkorea Co. Ltd
16.7. Megasan Medikal
16.8. Novair Medical
16.9. Ondal Medical Systems GmbH
16.10. Pneumatik Berlin GmbH
16.11. Shenzhen Mindray Bio-Medical Electronics Co. Ltd
16.12. Skytron LLC
16.13. Starkstrom
16.14. Steris PLC
16.15. Surgiris
16.16. Tedisel Medical
16.17. Others**
17. Research Methodology
17.1. External Sources / Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
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