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Medical Pendants Market Analysis | CMI

Read here the latest report on the Medical Pendants Market Analysis published by CMI team

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Medical Pendants Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. MEDICAL PENDANTS MARKET ANALYSIS • Medical Pendants Market, by Product Type (Fixed, Rotary Pendants (Single-Arm and Double Multi-Arm) and Movable Pendants (Single-Arm and Double Multi-Arm), and By Application (Surgery, Anesthesia, Endoscopy and ICU) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026 • The global medical pendants market size is estimated to be valued at US$ 95.18 million in 2017, and is expected to witness a CAGR of 6.7% over the forecast period (2018 – 2026).

  3. Figure 1. Global Medical Pendant Market Value (US$ Mn) Analysis and Forecast and Absolute $ Opportunity

  4. Market Drivers • Medical pendants are systems designed to support high load of instruments in areas such as operating theaters or intensive care units. Increasing demand for flexible, more space saving, and light-weight systems and systems with multiple features is compelling manufacturers to design and develop new systems with advanced features. For instance, in October, 2013, Ondal Medical System announced that over 1,000 MediBoom ceiling pendant system with electromagnetic braking system have been sold and installed in Europe within a very short time. Thus, adoption of these devices by hospitals of various regions are expected to drive growth of the medical pendant system over the forecast period.

  5. Market Opportunities • Increasing demand for medical pendants in ICU and operating theatres are expected to propel growth of the market • Medical pendants are expected to create a lucrative opportunities in the market during the forecast period, owing to its increasing demand in ICU and operating theaters to reduce the incidence of healthcare associated infections. For instance, according to National Center for Biotechnology Information (NCBI), 2017, prevalence of HAIs in emerging economies are twice as compared to European countries and incidence of HAIs acquired in ICU of emerging economies is triple as compared to U.S. Many manufacturers offer the system configuration to support advanced needs of healthcare facilities through providing efficient access to equipment, allowing the surgeon and clinical staff with greater flexibility for positioning the operating table and patient during surgical procedures. • Many hospitals are focusing on installing an innovative pendant systems in their important departments such as Critical Care and Intensive Treatment Units. For instance, in 2016, St Mary's Hospital, Paddington equipped novel foot-of-bed pendant system, which was developed and supplied by Brandon Medical to meet the requirements for an integrated patient information system.

  6. Developed economies such as the U.S., Canada, U.K., Germany, and Japan are characterized by high adoption rate of medical pendant systems. Moreover, high incidence rates of injuries due to fall from beds and upper bunks leading to severe injuries is expected to propel growth of the Medical Pendants Market in developed regions. According to the Centers for Disease Control and Prevention (CDC), one in three senior citizens aged 65 and above, fall down from bed and upper bunks annually, in the U.S., and 20% to 30% of them suffer from serious injuries. • North America is expected to account for highest market share in the global medical pendants market, owing to the presence of a many players in this regions with improved healthcare infrastructure. Moreover, Asia Pacific is expected to witness high growth in the medical pendants market, owing to increasing adoption of these devices by various hospitals. For instance, in 2016, Shanghai Amcaremed Technology Co., Ltd. help their client to install their ICU pendant system.

  7. Figure 2. Global Medical Pendant Market Value (US$ Mn) Analysis; By Region

  8. Key Players • Key players operating in the global medical pendants market include Hipac Healthcare Pty Ltd, Surgiris, Ondal Medical Systems, STERIS plc. Elektra Hellas, Starkstrom Ltd., Narang Medical Ltd., Brandon Medical, TLV Healthcare, and Shanghai Amcaremed Technology Co., Ltd.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/medical-pendants-market-2041

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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