Product Code: GVR-2-68038-504-5
Medical Pendant Market Growth & Trends:
The global medical pendant market is anticipated to reach USD 845.51 million by 2030, registering a CAGR of 6.69% during the forecast period, according to a new report by Grand View Research, Inc. Increasing volume of chronic care patients and rising investments in healthcare infrastructural development are the factors expected to boost demand for medical pendants.
The rise in number of patients needing medical care is expected to propel the medical pendant market growth. For instance, escalating geriatric population, surging prevalence of chronic and infectious diseases has caused in a significant growth in hospital admissions for critical care. This in turn has led to uplifting demand for the medical pendant installations in healthcare settings, thereby boosting the market growth.
Emergence of highly sophisticated hospitals such as super-specialty and multi-specialty hospitals will increase demand for the installation of medical pendants. For instance, according to American Hospital Association statistics in 2020, there were 6,146 acute care and critical acess hospitals in the U.S.
In addition, due to the significant outbreak of this infectious disease, there has been a global demand for the modern healthcare services and infrastructure to treat infected patients that have never been seen before. Therefore, the medical pendants which are an important aspect of the healthcare services are in high demand, globally, due to the escalation in COVID-19 patients. Thus, the outbreak of COVID-19 in the year 2020 has positively impacted the market growth..
Medical Pendant Market Report Highlights:
- Based on product, the fixed segment dominated the market in 2022 with a share of 30.88% owing to its higher adoption in surgeries, anesthesia, endoscopy, and intensive care units
- Based on application, the surgery segment dominated the market in 2022 with a share of 28.99%, owing to the increasing number of surgical procedures worldwide
- Based on capacity, the low duty segment accounted for a significant market share in 2022 owing to the rising demand for the low-cost fixed arm pendants in small hospitals and small clinics
- Hospital segment dominated the overall market with a share of 46.31% in 2022, owing to the increasing number of hospitals, globally, and rising government funding for the hospitals. For instance, the Australian government provides 41.0% of the public hospital funding and 24.0% of the private hospital funding
- North America dominated the market with the highest revenue share of 31.23% in 2022 due to the well-established healthcare infrastructure, high incidence rate of the chronic disorders, and extensive public funding in the healthcare system
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.1.1 Product
- 1.1.2 Capacity
- 1.1.3. Application
- 1.1.4 End-Use
- 1.1.5 Regional Scope
- 1.1.6 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database:
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information Or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.2 Volume Price Analysis (Model 2)
- 1.6.2.1 Approach 2: Volume Price Analysis
- 1.7 List Of Secondary Sources
- 1.8 List Of Primary Sources
- 1.9 List Of Abbreviations
- 1.10 Objectives
- 1.10.1 Objective 1
- 1.10.2 Objective 2
- 1.10.3 Objective 3
- 1.10.4 Objective 4
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
Chapter 3 Medical Pendant Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.2 Ancillary Market Outlook
- 3.2 Regulatory Framework &Reimbursement Scenarios
- 3.3 User Perspective Analysis
- 3.3.1 Consumer Behavior Analysis
- 3.3.2 Market Influencer Analysis
- 3.4 List Of Key End-Users
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Increasing Prevelance Of Chronic Disorders
- 3.5.1.2 Growing Demand For Medical Pendants
- 3.5.1.3 Technological Advancement In Medical Pendant
- 3.5.1.4 Growing Funding On Healthcare Infrastructure In Developing Economies
- 3.5.2 Market Restraints Analysis
- 3.5.2.1 Prolonged Approval Process
- 3.5.2.2 High Cost Of Medical Pendant Systems
- 3.6 Medical Pendant: Market Analysis Tools
- 3.6.1 Industry Analysis - Porter's
- 3.6.2 Swot Analysis, By Pest
- 3.7 Impact Of Covid-19 On Market& Post Pandemic Insights
Chapter 4 Medical Pendant Market: Segment Analysis, Byproduct, 2018 - 2030 (USD Million)
- 4.1 Definition And Scope
- 4.2 Product Market Share Analysis, 2022& 2030
- 4.3 Segment Dashboard
- 4.4 Global Medical Pendant Market, By Product, 2018 To 2030
- 4.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
- 4.5.1 Fixedmedical Pendant
- 4.5.1.1 Fixed medical Pendant Market, 2018 - 2030 (USD Million)
- 4.5.1.1.1 Fixed Retractable medical Pendant
- 4.5.1.1.1.1 Fixed Retractable Medical Pendant Market, 2018 - 2030 (USD Million)
- 4.5.1.1.2 Single Arm Movablemedical Pendant
- 4.5.1.1.2.1 Single Arm Movablemedical Pendantmarket, 2018 - 2030 (USD Million)
- 4.5.1.1.3 Double And Multi-Arm Movablemedical Pendant
- 4.5.1.1.3.1Double And Multi-Arm Movablemedical Pendant Market, 2018 - 2030 (USD Million)
- 4.5.2 Accessories
- 4.5.2.1 Accessories market, 2018 - 2030 (USD Million)
Chapter 5 Medical Pendant Market: Segment Analysis, By Capacity,2018 - 2030 (USD Million)
- 5.1 Definition And Scope
- 5.2 capacity Market Share Analysis, 2022& 2030
- 5.3 Segment Dashboard
- 5.4 Global Medical Pendant Market, By Capacity, 2018 To 2030
- 5.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
- 5.5.1 Low Dutymedical Pendant
- 5.5.1.1 Low Duty Medical Pendant Market, 2018 - 2030 (USD Million)
- 5.5.2 Medium Dutymedical Pendant
- 5.5.2.1 Medium Duty Medical Pendant Market, 2018 - 2030 (USD Million)
- 5.5.3 Heavy Dutymedical Pendant
- 5.5.3.1 Heavy Dutymedical Pendantmarket, 2018 - 2030 (USD Million)
Chapter 6 Medical Pendant Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 6.1 Definition And Scope
- 6.2 Application Market Share Analysis, 2022& 2030
- 6.3 Segment Dashboard
- 6.4 Global Medical Pendant Market, By Application, 2018 To 2030
- 6.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
- 6.5.1 Surgery
- 6.5.1.1 Surgery Market, 2018 - 2030 (USD Million)
- 6.5.2 Endoscopy
- 6.5.2.1 Endoscopy Market, 2018 - 2030 (USD Million)
- 6.5.3 Anesthesia
- 6.5.3.1 Anesthesia Market, 2018 - 2030 (USD Million)
- 6.5.4 Intensive Care Unit (Icu)
- 6.5.4.1 Intensive Care Unit (Icu)Market, 2018 - 2030 (USD Million)
- 6.5.5 Others
- 6.5.5.1 Others Market, 2018 - 2030 (USD Million)
Chapter 7 Medical Pendant Market: Segment Analysis, By End-Use,2018 - 2030 (USD Million)
- 7.1 Definition And Scope
- 7.2 End-Use Market Share Analysis, 2022& 2030
- 7.3 Segment Dashboard
- 7.4 Global Medical Pendant Market, By End-Use, 2018 To 2030
- 7.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
- 7.5.1 Hospitals
- 7.5.1.1 Hospitals Market, 2018 - 2030 (USD Million)
- 7.5.2 Clinics
- 7.5.2.1 Clinics Market, 2018 - 2030 (USD Million)
- 7.5.3 Others
- 7.5.3.1 Others Market, 2018 - 2030 (USD Million)
Chapter 8 Medical Pendant Market: Regional Market Analysis, By Product,By Capacity, By Application, And By End-Use2018 - 2030 (USD Million)
- 8.1 Definition & Scope
- 8.2 Regional Market Share Analysis, 2022& 2030
- 8.3 Regional Market Dashboard
- 8.4 Regional Market Snapshot
- 8.5 Market Size, & Forecasts, Volume And Trend Analysis,2021 To 2030
- 8.6 North America
- 8.8.1 North America Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.6.2 U.S.
- 8.6.2.1 U.S. Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.6.3 Canada
- 8.6.3.1 Canada Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7 Europe
- 8.7.1 Europe Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.2 Uk
- 8.7.2.1 Uk Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.3 Germany
- 8.6.3.1 Germany Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.4 France
- 8.7.4.1 France Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.5 Italy
- 8.7.5.1 Italy Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.6 Spain
- 8.6.6.1 Spain Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.8 Asia Pacific
- 6.7.1 Asia Pacific Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.2 Japan
- 8.7.2.1 Japan Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.3 China
- 8.7.3.1 China Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.4 India
- 8.7.4.1 India Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.5 Australia
- 8.7.5.1 Australia Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.7.6 South Korea
- 8.7.8.1 South Korea Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.9 Latin America
- 8.9.1 Latin America Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.9.2 Brazil
- 8.9.2.1 Brazil Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.9.3 Mexico
- 8.9.3.1 Mexico Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.9.4 Argentina
- 8.9.4.1 Argentina Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.9.5 Colombia
- 8.9.5.1 Colombia Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.10 MEA
- 8.10.1 Mea Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.10.2 South Africa
- 8.10.2.1 South Africa Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.10.3 Saudi Arabia
- 8.10.3.1 Saudi Arabia Medical Pendant Market, 2018 - 2030 (USD Million)
- 8.10.4 UAE
- 8.10.4.1 Uae Medical Pendant Market, 2018 - 2030 (USD Million)
Chapter 9 Medical Pendant Market - Competitive Analysis
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Company Categorization
- 9.2.1 Innovators
- 9.2.2 Market Leaders
- 9.3 Vendor Landscape
- 9.3.1 Key Company Market Share Analysis, 2022
- 9.3.2 Major Deals And Strategic Alliances
- 9.3.2.1 New Product Launch
- 9.3.2.2 Expansion
- 9.3.2.3 Acquistion
- 9.3.3 Market Entry Strategies
- 9.4 Company Profiles
- 9.4.1 Elektra Hellas S.A.
- 9.4.1.1 Company overview
- 9.4.1.2 Financial performance
- 9.4.1.3 Product benchmarking
- 9.4.1.4 Strategic initiatives
- 9.4.2 Starkstrom
- 9.4.2.1 Company overview
- 9.4.2.2 Financial performance
- 9.4.2.3 Product benchmarking
- 9.4.2.4 Strategic initiatives
- 9.4.3 Brandon Medical Co. Ltd.
- 9.4.3.1 Company overview
- 9.4.3.2 Financial performance
- 9.4.3.3 Product benchmarking
- 9.4.3.4 Strategic initiatives
- 9.4.4 Skytron LLC
- 9.4.4.1 Company overview
- 9.4.4.2 Financial performance
- 9.4.4.3 Product benchmarking
- 9.4.4.4 Strategic initiatives
- 9.4.5 Surgiris
- 9.4.5.1 Company overview
- 9.4.5.2 Financial performance
- 9.4.5.3 Product benchmarking
- 9.4.5.4 Strategic initiatives
- 9.4.6 BeaconMedaes
- 9.4.6.1 Company overview
- 9.4.6.2 Productbenchmarking
- 9.4.6.3 Strategic initiatives
- 9.4.7 MEDIMAX KOREA
- 9.4.6.1 Company overview
- 9.4.6.2 Product benchmarking
- 9.4.6.3 Strategic initiatives
- 9.4.8 Tedisel Medical
- 9.4.8.1 Company overview
- 9.4.8.2 Product benchmarking
- 9.4.8.3 Strategic initiatives
- 9.4.9 Ondal Medical Systems GmbH
- 9.4.9.1 Company overview
- 9.4.9.2 Product benchmarking
- 9.4.9.3 Strategic initiatives
- 9.4.10 Megasan Medikal
- 9.4.10.1 Company overview
- 9.4.10.2 Product benchmarking
- 9.4.10.3 Strategic initiatives