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Medical Pendant Market Report
The Medical Pendant Market is Segmented by Product Type (Fixed Pendant, Movable Pendant (Single-arm Movable Pendant, Multi-arm Movable Pendant)), by Installation Type (Ceiling Mounted Pendant, Wall Mounted Pendant, and Others), by Application Type ...
Impact of COVID-19 on Medical Pendant Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Medical Pendant Market is likely to witness an impressive CAGR of 7.6% during the forecast period. Rising number of healthcare facilities around the world, growing need for a safe and low-risk work space, increasing technological advancement in medical pendants, increasing number of healthcare professionals, clinics, hospitals, and other healthcare centers are the prime factors that are driving the demand for medical pendants.
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Medical Pendant Market – Snapshot |
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Growth |
7.6% for the next five years |
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Major Product Type |
Movable Pendant |
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Dominant Installation Type |
Ceiling Mounted Pendant |
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Region with the highest demand |
North America |
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Key Players |
Elektra Hellas S.A., Starkstrom, Brandon Medical Co., Ltd., Skytron LLC, Ondal Medical Systems GmbH, Surgiris, Beaconmedaes, Medimaxkorea, Tedisel Medical, Megasan Medikal, and Steris plc |
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Based on the product type, the market is segmented as fixed pendant and movable pendant. The movable pendant segment held the larger share of the market in 2019, and is expected to register a faster growth during the forecast period. The segment is mainly driven by the increasing preference of movable medical pendants in operation theaters and surgical centers. Movable pendant certainly has lesser maintenance and is available in precise sizes compared to fixed pendants. Hospitals that have operating rooms for performing surgical procedures are likely to adopt movable pendants that will further drive the growth of the segment.
Based on the installation type, the medical pendant market is segmented as ceiling mounted pendant, wall mounted pendant, and others. The ceiling mounted pendant segment dominates the market, as ceiling mounted pendants are best suited for providing medical gases and electrical components to intensive care units, operation theaters and general hospital wards. The ceiling mounted pendant installation allows addition and removal of gas and electrical components as per the requirement for hospitals.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the increasing number of hospitals and improving healthcare infrastructures in the region. Evolving hospitals on the basis of infrastructure and equipment are likely to create further demand for medical pendants in the region’s market.
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Some of the major medical pendant manufacturers are-
Medical pendant is used by healthcare professionals to maintain an effectual workflow by positioning medical devices and various necessary objects while performing surgeries or the procedures. Medical pendant provides the correct positioning of terminal units, medical gas, medical equipment, and specialty and electrical services, for fulfilling the hospital requirements. It plays an important role for providing a stable flexible platform for medical devices and accessories. The growing need for low-risk and safe work space for the medical workforce, the medical pendant market is expected to accelerate during the forecast period. The high demand for medical pendant systems in operation theatres and intensive care units is driving the global market. Also, the effective results achieved in the areas of surgery and endoscopy are triggering the demand for medical pendants.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Medical Pendant Market Research Report – Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The medical pendant market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Driven by the factors like Rising number of healthcare facilities around the world & growing need for a safe and low-risk work space, the medical pendant market is expected to witness an impressive growth of 7.6% CAGR in the foreseeable future.
North America is expected to be the largest market for medical pendant during the next five years.
Elektra Hellas S.A., Starkstrom, Brandon Medical Co., Ltd., Skytron LLC, Ondal Medical Systems GmbH, Surgiris, Beaconmedaes, Medimaxkorea, Tedisel Medical, Megasan Medikal, and Steris plc are among the key players in medical pendant market.
The movable pendant segment is expected to register the faster growth in the medical pendant market in the coming years.
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