Medical Pendants Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Dec-23 Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC389-10M-OT

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Medical Pendants Market – Report Overview

Pacific Business Consulting’s “Medical Pendants Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Medical Pendants market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Medical Pendants market exceeded a valuation of over US$ 500.0 million, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 6% from 2023 to 2030. The market is expected to potentially surpass US$ 700.0 million by 2030.

Medical pendants are systems created to support a significant load of instruments in places such as operating theaters or intensive care units. These pendants feature highly maneuverable arms with ample range to reposition the bed space according to specific nursing practices, minimizing the risk of entanglement or occlusion. The increasing demand for flexible, space-saving, and lightweight systems with multiple features is driving manufacturers to design and develop new systems with advanced capabilities. For instance, in October 2013, Ondal Medical System, a leading provider of suspension systems, announced the sale and installation of over 1,000 MediBoom ceiling pendant systems with electromagnetic braking systems in Europe within a short period. Consequently, the adoption of these devices by hospitals worldwide is expected to propel the growth of medical pendant systems in the forecast period.

The growth of the medical pendant market is attributed to the increasing prevalence of chronic disorders, technological advancements in medical pendants, and the rising number of healthcare professionals, clinics, hospitals, and other healthcare centers globally. Healthcare professionals utilize medical pendants to maintain an efficient workflow by positioning necessary objects and medical devices during surgeries or procedures. These pendants play a crucial role in maintaining infection prevention and safety in hospitals by ensuring a secure connection to data and power networks.

The rising prevalence of chronic conditions, such as neurovascular diseases, cardiovascular disorders, cancer, urological disorders, and other persistent conditions, has significantly increased hospital admission rates. Healthcare professionals typically use medical pendants to position various medical devices and necessary objects during surgical procedures. Additionally, these systems assist in the proper positioning of medical equipment, terminal units, and medical gas. Thus, the growing demand for medical pendants can be primarily attributed to their high adoption during surgeries.

At present, a large percentage of the population is at risk of developing chronic diseases due to elevated blood pressure, obesity, and smoking. According to the World Health Organization (WHO), chronic diseases are responsible for 60.0% of all deaths worldwide. Cardiovascular diseases alone cause around 17.9 million deaths annually globally. Similarly, cancer is the leading cause of mortality worldwide, with almost 1 in 6 deaths attributed to this disease. Therefore, the increasing hospitalization due to the rise in chronic disorders is expected to drive the installations of medical pendant systems, consequently boosting market growth.

Rapid technological advancements and innovations in medical pendants are factors expected to drive market growth during the forecast period. For example, advancements have enabled button-press-enabled medical pendants to facilitate arm movement as per user requirements. Commercially available medical pendants with various multi-faceted designs and ultra-flexible configurations mainly focus on meeting specific healthcare requirements.

In line with this, Brandon Medical Co., Ltd. offers the Atlas Pendant, available as both a single and double arm movable pendant, allowing easy cleaning and designed to support infection control protocols. Ondal Medical Systems GmbH offers the MediBoom with Service Head M6, a single-arm movable medical pendant that can be integrated with the M6 MediSound-System. This system is manufactured using a special antibacterial material and is resistant to harmful bacteria. Moreover, some medical pendants are fully customizable as per requirements. Therefore, technological advancements are expected to boost market growth during the forecast period.

However, the high prices of medical pendants may negatively impact the industry’s expansion. Medical pendants are expensive capital items, particularly in developing economies, and their adoption is hindered by the high procurement costs. For instance, a multi-arm pendant often costs more than USD 2,000, while a high-end fixed pendant or an ICU bridge pendant costs roughly USD 8,000 and up. These upfront charges, coupled with ongoing maintenance expenses, raise the overall cost of these units. In low-middle-income nations, the expensive cost of the equipment discourages most medical professionals from purchasing the product, potentially limiting the expansion of the medical pendant sector.

Medical pendant systems provide proper positioning of medical equipment, terminal units, medical gas, specialty, and electrical services. Mounted on the ceiling with a robust carcass system consisting of stainless steel flanges and supporting rods, medical pendant systems offer a compact design with various configurations to meet the specific requirements of hospitals. These systems have multiple arms to accommodate electrical services, medical gas, data communication services, and facilitate equipment management.

Incoming electrical and gas services from the ceiling minimize cable clutter, providing a safer and cleaner environment for the movement and activity of medical professional teams. The movable arm of the medical pendant system allows it to be located precisely where it is most suitable for the operating team, covering the requirements of any operation theatre. Medical pendants simplify medical tasks and procedures, ensuring safety while placing monitoring equipment, maximizing space in the operation theatre for operations and critical care areas, and improving accessibility around the patient bed to enable healthcare staff to deliver effective patient care.

Leading players in the Medical Pendants segment, including Brandon Medical, TLV Healthcare, Shanghai Amcaremed Technology Co., Ltd., Medimaxkorea, Tedisel Medical, Skytron LLC, Starkstrom, BeaconMedaes, Hipac Healthcare Pty Ltd, Surgiris, Ondal Medical Systems, STERIS plc., Elektra Hellas, Starkstrom Ltd., Narang Medical Ltd., are expected to play a crucial role in shaping the future landscape of Medical Pendants technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Medical Pendants market. It also delves into the analysis of present and prospective market competition within the global Medical Pendants market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Medical Pendants market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Medical Pendants market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Medical Pendants
    • Global Market Outlook: Medical Pendants
  2. Competitive Intelligence Analysis: Medical Pendants
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Medical Pendants
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Medical Pendants
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Medical Pendants: Ten Major Market (10MM) – Market Analysis, By Product
    • Fixed Pendants
    • Fixed Retractable Pendants
    • Single Arm Movable Pendant
    • Double Multi Arm Movable Pendant
  9. Medical Pendants: Ten Major Market (10MM) – Market Analysis, By Application
    • Surgery
    • Endoscopy
    • Anaesthesia
    • Intensive care Units
    • Other Applications
  10. Medical Pendants: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Ambulatory Surgical Centers
    • Other End Users
  11. Medical Pendants: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. S. Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. K. Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Germany Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. France Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Italy Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Spain Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Japan Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. China Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Australia Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. India Medical Pendants – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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