Medical Pendant Market, Analysis Report , Impact of Covid-19 , Growth, Demand , Pricing Strategy, Strategies in International Market, Key Vendors Elektra Hellas S.A, Starkstrom, Brrandon Medical Co. Ltd, Skytron LLC

Increasing technological advancement in medical pendants, increasing numbers of healthcare professionals, clinics, hospitals, and other healthcare centers, and growing demand for medical pendants are few driving factors for the market. Healthcare professionals use medical pendant to maintain an effective workflow by placing different necessary items and medical devices when performing surgery or the procedures. We play a crucial role in helping to maintain hospital infection prevention and protection by maintaining a secure connection to the data and power networks.

The rising need for such systems in intensive care units and operating theaters is driving the global market for medical pendant systems. The use of medical pendant systems was fueled by the effective results obtained in the endoscopic and surgical fields. Another factor driving the market is an increasing demand for medical support systems with advanced features. Additionally, the adoption of these systems is encouraged by innovation and technological advances that allow medical pendant systems to move as needed by pressing a button. Nevertheless, the market is limited by the high cost of medical pendants, which leads many hospitals to avoid to implement these systems. Hospitals unable to afford such systems are considering using alternatives which may impede market growth.

The rising demand for flexible, more space-saving, and multi-functional lightweight systems and systems is compelling manufacturers to design and develop new, advanced-function systems. This leads to numerous product innovations and thus will increase the demand for medical pendant systems. Another market trend is the development of medical pendants with a greater number of electrical points and gas services. Hospitals ' growing use of electronic devices fuels the trend. Such product innovations are expected to open new doors of market opportunities.

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Owing to their increased adoption in surgeries, anesthesia, endoscopy, and intensive care units, the fixed segment dominated the market in 2019.  Fixed medical pendant systems are cost-effective, lightweight, and easy to install, which further increases market demand for medical pendant systems. Therefore, the market is driven by increasing numbers of surgical procedures, rising prevalence of chronic disease and increasing number of hospitals using fixed pendant systems. Due to higher use within hospitals and clinics, the market for double and multi-arm mobile medical pendants is expected to witness the highest CAGR during the forecast period. Double and multi-arm portable medical pendant systems can display multiple movements and optimal performance as they are integrated with the pneumatically operated brakes. Furthermore, the system makes sterilization simpler. Healthcare workers also prefer dual and multi-arm mobile medical pendant systems to fixed medical pendant systems.

In 2019, North America dominated the market due to increased healthcare spending, technologically enhanced medical pendants and the presence of well-established healthcare facilities in the region. In addition, factors such as the presence of major players in the market, growing critical disease burden and an increasing number of healthcare specialists are driving the regional market.

Medical Pendant Market Revenue & Forecast, (US$ Million), 2015 – 2027

Competitive Landscape

The report provides both, qualitative and quantitative research of medical pendant market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.

The primary market participants include: Elektra Hellas S.A, Starkstrom , Brrandon Medical Co. Ltd, Skytron LLC, Surgiris, BeaconMedaes, MEDIMAXKOREA, Tedisel Medical, Ondal Medical Systems GmbH, and Megasan Medikal.

Medical Pendant Market:

By Product: (Fixed Pendants, Fixed Retractable Pendants, Single Arm Movable Pendant, Double & Multiarm Movable Pendants, Accessories)

By Application: (Hospitals, Clinics, Others)

By Geography:

North America: (U.S, Canada, Mexico, Rest of North America)

Europe: (France, The UK, Spain, Germany, Italy)

Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)

Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)

Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)

Southeast Asia: (Indonesia, Thailand, Singapore)

Rest of Southeast Asia

Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)

Latin America: (Brazil, Argentina, Rest of Latina America)

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