Medical Pendant Market: Current Analysis and Forecast (2022-2028)
The medical pendant market is expected to witness a CAGR of around 6% during the forecast period (2022–2028). The medical pendant also called a surgical boom or ceiling pendant is designed to provide support for other equipment throughout the surgical procedures in the operating room or in the intensive care units (ICU). Moreover, this medical device is mainly used for the terminal transfer of medical gases like oxygen, nitrogen, and other gases, and is also used for suction, and supply of compressed air, in the operating room for surgical procedures in chronic diseases such as cardiovascular diseases and cancer. For instance, according to the Centers for Disease Control and Prevention (CDC), about 805,000 people in the United States have a heart attack every year. Hence these factors are further expected to boost the growth rate for medical pendants over the forecast period.
Some of the major companies operating in the medical pendant market include Unicorn Medicals LLC, Tedisel Medical S.L., Starkstrom Ltd., Elektra Hellas S.A, Brandon Medical, Co. Ltd, Surgiris, BeaconMedaes LLC, MEDIMAXKOREA, Ondal Medical Systems GmbH, Megasan Medikal
Insights Presented in the Report
"Amongst product, the fixed pendant category accounted for the significant share in the market in 2020”
Based on product, the Medical Pendant market is segmented into the fixed pendant and movable pendant. Among these, the fixed pendant category is anticipated to witness a significant growth rate during the forecast period. This is mainly due to the rising trauma & surgery procedures and the rising demand for medical equipment required in these procedures across the globe is contributing to the growth of this market during the forecast period. For instance, in July 2019, Atlas Copco (parent company of BeaconMedaes LLC) acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems.
"Amongst application, the preventive care category is expected to witness the significant CAGR during the forecast period”
Based on application, the Medical Pendant market is segmented into intensive care units (ICU), general surgery/operating theatres, anesthesia, endoscopy, and others. The general surgery/operating theatres category is anticipated to witness a significant growth rate during the forecast period. This is mainly due to increasing cases of various types of surgeries such as laparoscopic surgeries, cardiac surgeries, brain surgeries, etc. which are also contributing to the growth of this market during the forecast period. For instance, according to an article published in 2020, about 15 million laparoscopic procedures are performed globally every year increasing the number of surgeries, gas supply in the operating rooms, and essential in case of medical emergencies and hazardous situations
"Amongst end-user, the hospitals category is expected to witness the significant CAGR during the forecast period”
Based on end-user, the Medical Pendant market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals category is anticipated to witness a considerable growth rate during the forecast period. This is mainly due to these devices are mainly used in the ICU or hospitals to perform operations and provide treatment to patients. Moreover, these devices are handled by only well-trained medical professionals in hospitals. These factors are further driving the growth of the market during the forecast period. For instance, according to the American Hospital Association (AHA) annual survey in 2022, about 6,093 hospitals are available in the U.S.
"North America to witness significant growth during the forecast period”
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific) and Rest of World. North America accounted for a considerable market share during the forecast period. Owing to, the increasing effective results in surgery, endoscopy, increased need in operating rooms & intensive care units along with technical advances & innovations are expected to enhance the medical pendant market's growth during the forecast period in the region. For instance, according to the Office on Women’s Health (OWH), each year in the United States, nearly 500,000 women get hysterectomies.
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