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Medical pendants are essential to healthcare, and their market dynamics are determined by technology advances, changing healthcare demands, and the rising need for effective patient care solutions. Medical gasses, electrical power, communication tools, and other necessary utilities are immediately available at the patient's bedside thanks to these equipment, sometimes hanging from medical facility ceilings.
The medical pendant market is driven by patient-centric care and healthcare facility workflow efficiency. Medical pendants centralize utilities, reduce clutter, and allow healthcare providers to grab instruments, improving productivity. This speeds reaction times, reduces accidents, and improves patient outcomes.
Another major issue affecting medical pendant sales is technology. Medical pendants today have touch-screen interfaces, integrated monitoring systems, and smart connection. These technology advances improve usability and data integration, allowing healthcare practitioners to make real-time choices. Consequently, demand for technologically improved medical pendants is rising, propelling market expansion.
The global trend toward digitizing healthcare records and adopting EHRs further impacts medical pendant market dynamics. These devices are increasingly integrated with EHR systems, allowing healthcare providers to view and update patient data at the point of treatment. This connection improves healthcare team communication and cooperation, creating a more connected and efficient environment.
Cost-effectiveness and space efficiency drive medical pendant usage in healthcare settings. Using medical pendants to vertically integrate utilities saves space in hospitals and clinics. The smaller equipment footprint saves money and makes the healthcare environment more orderly and attractive.
Infection control awareness in hospital settings is also affecting medical pendant sales. Manufacturers are creating pendants with smooth surfaces and antibacterial materials to reduce contamination. This is especially important given the increasing focus on strict cleanliness requirements in healthcare institutions to avoid infection.
Covered Aspects:
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Medical Pendant Market Highlights:
Medical Pendant Market Overview
 As per the research reports by MRFR, the global market for medical pendants is estimated to attain a valuation of over USD 695 million by during the forecast year, says market research future (MRFR). Furthermore, the market is likely to flourish at a healthy CAGR of approximately 6.30% during the assessment era from forecast 2022-2030. A medical pendant is a wireless gadget designed to alert healthcare providers to the presence of a medical emergency or hazard that requires rapid attention. Such systems are costly and require specialists to operate and install properly. Medical pendants are classified as either passive or active alert devices. Active systems require user input to activate the alarm, whereas passive devices monitor the wearer and trigger alarms based on lack of activity. The medical pendant allows for the proper placement of terminal units, specialist and electrical services, medical equipment, and medical gas, thereby addressing hospital needs. In recent years, the global market for medical pendants has experienced tremendous expansion. The growing demand for low-risk and safe workspace for the medical workforce is driving the Medical Pendant Market's expansion. Furthermore, in the assessment era, factors such as effective results in surgery and endoscopy, increased need for medical pendant systems in operating rooms and intensive care units, and technical advances and innovations are expected to enhance the Medical Pendant Market's growth. Furthermore, increasing the number of surgeries and strengthening healthcare infrastructure for improved workflow are driving the market's growth. As a result of the increase in surgical procedures, demand for medical pendant systems is expected to rise, adding to the Medical Pendant Market growth.
Segmentation Analysis
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.
Regional Analysis
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.
Key Players
- Comprise Skytron LLC
- Ondal Medical Systems GmbH
- Megasan Medikal
- Elektra Hellas S.A
- MEDIMAXKOREA
- Tedisel Medical
- Brandon Medical Co. Ltd
- Starkstrom
- Surgiris, and BeaconMedæs.
Research Methodology
Data analysts at Market Research Future ensure objective analysis of the market while preparing market research reports by engaging set of standards which allow a comprehensive view of the market and its several components. Several factors comprising economic growth, government expenditure, supply channels and distribution channels have been scrutinized effort to relay precise information. Also, market-size estimation and validation use top-down and bottom-up approaches in order to obtain data from the demand and supply side. Analysis of data have been performed by using research framework suited to the specific industry. The frameworks are developed by the MRFR team which serves as a research standard that provides tools to create dependable market reports.Recent Development
Skytron LLC introduced the new Freedom Boom medical pendant system in December 2020, which features improved features like no brakes or buttons to push toward pendant arms, Skytron's unique Active Assist technology, limited space options, and advanced operation rooms with the ability to change components without removing the entire medical pendant structure. It also has additional electrical and gas utility outlets. Steris PLC announced in November 2020 that it had completed the previously announced acquisition of Key Surgical. The company's product portfolio was reinforced and expanded globally as a result of the acquisition.
Global Medical Pendant Market by Product
- Fixed Pendants
- Fixed Retractable Pendants
- Single Arm Movable Pendants
- Double & Multiarm Movable Pendants
- Accessories
Global Medical Pendant Market by Application
- Hospital
- Clinics
Global Medical Pendant Market by Region
- Europe
- Americas
- Asia Pacific
- Middle East & Africa
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