ID: MRFR/MED/5218-HCR | 100 Pages | Author: Kinjoll Dey | June 2023
Medical pendants is estimated to attain a valuation of over USD 695 million by 2030, at a CAGR of approximately 6.30% during the forecast 2022-2030.
The global medical pendant market has been segmented on the basis of product, application, and region.
Based on product, the global market has been segmented into fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories. Among these, the fixed pendants hold the largest market share, whereas the single arm moveable pendants account for the fastest growing segment.
Based on application, the global market has been segmented into hospital, clinics and others. The hospital segment is further sub-segmented into intensive care unit (ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among these, the clinics segment is expected to be the fastest growing segment.
The global medical pendant market span across major four regions, namely Europe, Americas, Asia Pacific, Middle East & Africa.
North America is one of the leading regions in the Americas medical pendant market and is anticipated to lead the market in terms of revenue. This can be attributed to the presence of world class healthcare infrastructure, top notch healthcare practices, advanced facilities, and strict mandates from the regulating authorities.
Asia Pacific is considered to exhibit the fastest growth due to the rapid growth in the healthcare infrastructure, government initiatives and focus on better healthcare practices, and increased spending owing to the increasing medical tourism industry.
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Global Medical Pendant Market by Product
Global Medical Pendant Market by Application
Global Medical Pendant Market by Region
|Market Size||USD 695 million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Skytron LLC, Ondal Medical Systems GmbH, Megasan Medikal, Elektra Hellas S.A., MEDIMAXKOREA, Tedisel Medical, Brandon Medical Co. Ltd., Starkstrom, Surgiris, and BeaconMedæs|
|Key Market Opportunities||medical pendant systems in operation theatres and intensive care units|
|Key Market Drivers||Technological advancements and innovations allowing medical systems to move on as required by the press of a button are further influencing the market growth|
The medical pendant market is projected to grow at a 6.30% CAGR by 2030.
The medical pendant market is predicted to touch USD 695 million by 2030.
North America is projected to command the largest share in the medical pendant market.
The clinic segment will lead the medical pendant market.
High cost may limit market growth.
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