Medical Pendant Market

Medical Pendant Market Outlook (2022-2027)

The global medical pendant market is projected to increase from a valuation of US$ 496.2 million in 2022 to US$ 652 million by 2027 and Expanding at a CAGR of 5.6%. China’s market for medical pendants is expected to rise rapidly at a CAGR of 9% and reach US$ 134 million by 2027.

Report Attributes	Details
Medical Pendant Market Size (2022E)	US$ 496.2 Million
Forecasted Market Value (2027F)	US$ 652 Million
Global Market Growth Rate (2022-2027)	5.6% CAGR
China Market Value (2027F)	US$ 134 Million
China Market Growth Rate (2022-2027)	9%
Share in Medical Devices Market (2022)	0.1%
Key Companies Profiled	Elektra Hellas S.A Starkstrom Brandon Medical Co. Ltd Skytron LLC Surgiris BeaconMedaes MEDIMAXKOREA Tedisel Medical Ondal Medical Systems GmbH Megasan Medikal

Revenue Analysis of Medical Pendants (2017-2021) Vs. Market Projections (2022-2027)

The purpose of a medical pendant, also known as a surgical boom or ceiling pendant, is to provide assistance for other devices during surgical operations in an operating theatre or to facilitate operations in intensive care units (ICU). The development of the medical pendant aims to ergonomically consolidate utility services and procedural support tools for surgeons and operating room personnel. In hospital settings, medical pendant equipment is utilised to provide simple access to medical gases such as oxygen, nitrogen, and carbon dioxide as well as electrical power.

Hospital ceilings are installed with medical pendant systems that have sturdy bodies made of stainless steel extensions and supporting rods. Because they are compact and adaptable, these systems can be tailored to the unique requirements of a hospital or other healthcare facility. All electrical, medicinal gas, data transmission, and equipment management duties may be carried out by the various arms of a medical pendant.

They are viewed as a helpful entity for all medical enterprises because of their capacity to facilitate medical tasks, ensure patient safety, and extend space in the surgical room for operations and intensive care units to improve mobility around the patient bed, enabling medical staff to provide quality patient care.

The adoption of these devices and the market potential are expected to be driven by specific surgical techniques that incorporate medical pendants to optimise workflow and clinical efficiency. Also, it is anticipated that future technological developments in medical pendants would have a substantial impact and drive market statistics.

Rise in surgical operations and the rising incidence of chronic disorders requiring surgical treatment are driving the medical pendant market expansion.

Due to the growing demand for low-cost fixed-arm pendants in smaller hospitals and clinics, the low-duty category accounts for a sizable market share in 2022. The majority of basic equipment, including surgical lights, can be hoisted on the platform due to its weight capacity of up to 200 kg. Compared to heavy-duty pendants, low-duty pendants are simpler to operate and maintain. Low-duty pendants are also more cost-effective than heavy-duty pendants and require less maintenance, resulting in a contribution to the sector's growth.

Accurate and successful outcomes in numerous application areas, including operations and endoscopy, are primarily responsible for the growth of the medical pendant market.

According to this new report by Fact.MR, a market research and competitive intelligence provider, the global medical pendant market is expected to increase at a CAGR of 5.6% and reach US$ 652 million by 2027.

What Opportunities Await Medical Pendant Market Players?

“Technological Advancements to Boost Sales of Medical Pendants”

The overall market for medical pendants is expected to increase in the coming years as a result of several industrial growth prospects. The adoption rate and usefulness of these gadgets have been boosted by ongoing advancements in virtual reality technologies and ongoing research and improvements in medical equipment.

These products incorporation of virtual reality technologies has precisely improved user experience and significantly increased product usability. Such advancements have aided in the medical pendant's expanding usefulness in a variety of professions, including surgeries, gynecological, obstetrics, endoscopies, and other medical specialized sectors.

The prominent players in the medical pendant market launch technologically upgraded medical pendant services, which is another factor driving market expansion.

• For instance, MediBoom with Service Head M6, a single-arm mobile medical pendant that may be coupled with M6 MediSound-System, is offered by Ondal Medical Systems GmbH. This system is resistant to hazardous bacteria because it was made using a unique antibacterial material.

“High Demand for Medical Pendant Systems from Hospitals”

Medical equipment, terminal units, and medical gas equipment are all positioned correctly using medical pendant systems. The widespread use of medical pendants in hospitals during operations is mostly responsible for the increased demand for them.

• For instance, Trivitron Healthcare sells multi-functional surgeon pendants, which are long vertical consoles that can be used for both fluid and equipment medical pendants during operations. Additionally furnished with shelves and rails, these medical pendant systems offer a larger workstation and do away with the need for trolleys.

The advantages that these technologies provide should therefore encourage market expansion.

What Challenges Can Hinder the Sales of Medical Pendants?

“High Cost of Medical Pendants”

High medical pendant prices could have a negative effect on the industry's expansion. A medical pendant is a capital item that costs a lot to purchase. Medical pendant adoption is hampered by their high procurement costs, particularly in developing economies.

For instance, a multi-arm pendant often costs more than USD 2,000. A high-end fixed pendant or an ICU bridge pendant costs roughly USD 8,000 and up to purchase. These are merely the expenditures related to buying the gadget; these machines also have additional costs for upkeep.

Furthermore, in low-middle-income nations, the majority of medical professionals are discouraged from purchasing the product due to the expensive cost of the equipment. Therefore, a high device price could slow the expansion of the medical pendant market.

Which Region is Considered Profitable for Medical Pendant Producers?

“North America Handsomely Leads Market Due to Presence of Well-established Healthcare Facilities & Advanced Medical Pendants”

North America dominates the global medical pendant market, due to rising healthcare spending, technologically sophisticated medical pendants, and the existence of well-established healthcare infrastructures. Additionally, the regional market is being driven by elements including the existence of significant market players, the rise in the prevalence of serious diseases, and the rise in the number of healthcare professionals. An increasing number of anesthesiologists in the North American region are expected to boost sales of medical pendants.

Followed by North America, Europe is expected to hold the second-largest position in the medical pendant market. This can be attributed to the heavy investments in research and development and healthcare expenditure.

Due to factors such as supportive government initiatives linked to the adoption of medical devices, the ageing population, and rising healthcare expenditure, the Asia Pacific market is anticipated to experience the highest CAGR during the next 5 years.

Furthermore, the existence of high-growth potential in developing nations such as China, Japan, and India is probably going to support market expansion. China’s medical pendant market is expected to rise at a high CAGR of 9% from 2022 to 2027 and reach US$ 134 million by 2027.

During the forecast period, Brazil is anticipated to significantly contribute to the expansion of the Latin American market. Brazil is seeing an increase in healthcare spending.

Furthermore, the Mexican government is launching several efforts to provide new opportunities for market participants, including health insurance programs, primary care access, and partnerships or collaborations on a strategic level.

Country-wise Analysis

How is the U.K. Medical Pendant Market Evolving?

“Rising Number of Medical Professionals Fuelling Demand for Medical Pendants”

The growing number of hospitals and healthcare professionals in the U.K. is predicted to enhance demand for medical pendants, which will lead to a significant rise in the market for medical pendants.

• According to the Government of the U.K., there were roughly 213.8 thousand medical doctors working in the UK in 2021. Over 98 thousand more physicians have been added since 2000, with annual growth remaining constant. All doctors who treat patients, including specialists, are included in this statistic.

Additionally, industry participants in the nation are concentrating on new product releases to improve their market position.

• For example, in December 2020, Skytron, LLC revealed the New Freedom Boom medical pendant system. It has improved features such as Skytron's exclusive Active Assist technology, no brakes or buttons to push towards pendant arms, limited space options, and advanced procedure rooms with the capability to modify components without dismantling the entire medical pendant structure. Furthermore, Freedom Boom provides extra gas and electric utility outlets.

What is the Outlook for the U.S. Medical Pendant Market?

“Rising Rate of Surgeries Driving Sales of Medical Pendants”

• There were roughly 6,093 hospitals in the United States as of the American Hospital Association's 2021 survey.

In hospital settings, medical pendants offer a perfect workstation and wireless floors, which lowers the danger of accidents. Additionally, as hospitals upgrade their facilities and technologies, the need for medical pendants increases and supports market expansion.

• The most severely impacted nation by COVID-19 in North America is the United States. The World Health Organization (WHO) reports that as of April 12, 2022, there have been 978,118 fatalities and 79,647,331 confirmed cases of COVID-19.

The market is projected to be driven by the rising number of COVID-19 cases since more medical pendants will be needed in ICUs to treat COVID-19 patients.

• Furthermore, 1.3 million pregnant women in the U.S. get C-sections each year, according to updates from Healthgrades Operating Company Inc. for 2021.
• Over a million Americans have joint replacement surgeries each year. This number includes about 720,000 knee replacements and 330,000 hip replacements.
• An operation to open clogged coronary arteries is called an angioplasty, also referred to as PCI (percutaneous coronary intervention). Around 500,000 PCIs are performed by doctors each year.

As a result, rising number of surgeries are anticipated is to propel the market growth as it will boost demand for medical pendant systems. Thus, given the aforementioned considerations, the market is anticipated to increase significantly during the given forecast timeframe.

Category-wise Analysis

Which Product Type is Expected to Lead Medical Pendant Market Growth?

“Fixed Medical Pendants Highly Popular Due to Affordable Prices & Easy Installation”

Based on product, the market is segmented into fixed medical pendants, fixed retractable medical pendants, single-arm movable medical pendants, double & multi-arm movable medical pendants, and accessories.

Due to its increasing adoption in operations, endoscopies, anaesthesia, and intensive care units, the fixed segment leads the medical pendant market. The market demand for medical pendant systems is further increased by the fixed medical pendant systems' affordability, portability, and ease of installation.

The market for medical pendants is therefore being driven by an increase in surgical procedures, a rise in the incidence of chronic diseases, and an increase in the number of hospitals utilising fixed medical pendants.

Global sales of fixed medical pendants are expected to expand at a CAGR of 5.5% from 2022 to 2027 and will reach US$ 229 million by 2027.

Due to its growing use in hospitals and clinics, the market for double & multi-arm movable medical pendant systems is anticipated to grow at a high CAGR over the forecast period. The integration of pneumatically controlled brakes into double & multi-arm movable medical pendant technologies allows for many movements and optimal performance.

Additionally, the method makes sterilisation simpler. Therefore, moveable medical pendant systems with multiple arms and double arms are expected to prefer by the healthcare workforce over fixed medical pendants over the coming years.

Competitive Landscape

There are several significant participants in the moderately fragmented medical pendant industry. Market players are implementing a variety of growth strategies, including the launch of cutting-edge technologies and partnerships, mergers, acquisitions, and expansions.

• The operating assets of MGES Inc., a service provider of medical gas solutions comprising the service and distribution of medical gas pendants, were bought by Atlas Copco (the parent company of BeaconMedaes LLC) in July 2019. The corporation was able to strengthen its business operations thanks to this backward integration method.
• The WellBe Pendant, an innovative medical alert pendant with cutting-edge technologies to recreate how we call for assistance, locate dear ones, and interact in emergencies, was released in September 2021 by HandsFree Health, the creator of WellBe.

Key Segments in Medical Pendant Industry Research

• By Product :

  • Fixed
  • Fixed Retractable
  • Single Arm Movable
  • Double & Multi-arm Movable
  • Accessories

• By Application :

  • Surgeries
  • Endoscopies
  • Anesthesia
  • Intensive Care Units
  • Others

• By End User :

  • Hospitals
  • Clinics
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA