Medical Pendants Market Analysis | CMI

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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).

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

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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.

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• 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.

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

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