Medical Pendant Market

Medical Pendant Market Outlook (2023 to 2033)

Estimated at a valuation of US$ 529 million in 2023, the global medical pendant market is forecasted to expand at a 6% CAGR over the 2023 to 2033 study period to reach US$ 951 million by the end of 2033.

The purpose of a medical pendant, also known as a surgical boom or ceiling pendant, is to provide assistance for other devices during a surgical procedure in an operating theatre or to facilitate operations in intensive care units (ICUs). The development of the medical pendant aims to ergonomically consolidate utility services and procedural support tools for surgeons and operating room personnel.

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 facilities. All electrical, medicinal gas, data transmission, and equipment management duties can be carried out by the various arms of medical pendant devices.

Medical pendants are essential for all medical enterprises because of their ability to simplify 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.

• 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.

Increasing focus on medical workflow optimization and improving clinical efficiency is also slated to boost medical pendant sales. Furthermore, rapid advancements in medical device technology are also extrapolated to favour market development in the long run.

An increasing number of surgical operations being performed around the world and rising incidence of chronic disorders requiring surgical treatment are propelling sales of medical pendants.

A 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 thereby becoming a perfect choice for healthcare facilities in low and middle-income countries.

Medical pendants for seniors are also gaining popularity as the senescent population expands around the world. The aforementioned prospect is also slated to bolster sales of fall pendants, GPS pendants, panic pendants, and medical ID pendants going forward.

A comprehensive and elaborate assessment of aspects such as local supply, pricing trends, product standards, safety regulations, and new developments has been mentioned in this medical pendant industry research survey by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes	Details
Medical Pendant Market Size (2023)	US$ 529 Million
Projected Market Value (2033F)	US$ 951 Million
Global Market Growth Rate (2023 to 2033)	6% CAGR
Market Share of Hospitals (2023)	>30%
Fixed Medical Pendant Demand Growth Rate (2023 to 2033)	5.5% CAGR
Key Companies Profiled	Elektra Hellas S.A Surgiris MEDIMAXKOREA Tedisel Medical Brandon Medical Co. Ltd Skytron LLC Ondal Medical Systems GmbH Starkstrom BeaconMedaes Megasan Medik

What is Constraining Medical Pendant Manufacturers from Earning More?

“High Cost of Medical Pendants Limiting Sales Revenue Growth”

High medical pendant prices could hurt the industry's expansion. A medical pendant is a capital item that costs a lot to purchase. Buying a medical pendant for hospitals can be a capital-intensive task owing to their high costs.

• Purchasing a multi-arm pendant usually sets you back around US$ 2,000 and getting an advanced fixed pendant or an ICU bridge pendant is usually a hefty investment of US$ 8,000 or more and costs just go north as one selects more advanced pendants.

These are merely the expenditures related to buying the device, medical pendant maintenance and medical pendant installation costs also drive up the bill for healthcare institutions deploying them.

Furthermore, the majority of medical professionals in emerging and developing economies refrain from purchasing the product due to budgetary constraints. Hence, the expensive nature of medical pendants is the prime restraint that inhibits the market from achieving its full growth scope.

Country-wise Insights

Sales of medical pendants are currently higher in developed economies such as the United States, Canada, and the United Kingdom. However, medical pendant suppliers are projected to invest more in emerging economies such as India, China, and Japan to strengthen their global market presence and penetrate untapped markets.

How Will Demand for Medical Pendants Fare in the United States?

“Rising Number of Surgeries Driving Sales of Medical Pendants”

The United States is known for its advanced healthcare infrastructure and this can directly be linked to the large number of hospitals and clinics in the country. 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 in the United States.

The number of surgeries being performed in the United States has been increasing rapidly over the past few years and is projected to maintain a similar stance through 2033. The surging prevalence of obesity, expanding aging population, and the rising number of trauma and accident cases are also slated to contribute to high sales of medical pendants going forward.

• 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. This is projected to move the inventory of medical pendants for heart conditions in the United States.

Apart from the rising surgery count, the growing availability of medical pendants with advanced features and rising awareness regarding medical pendant benefits are also slated to aid business expansion through 2033.

Which Asian Countries Should Medical Pendant Suppliers Target?

“India, China, Japan Leading Asian Markets”

India and China are estimated to emerge as leading spaces for medical pendant sales over the next ten years owing to rising healthcare expenditure and supportive government initiatives to promote awareness about healthcare. Growing focus on improving the quality of patient care and the rising availability of novel medical devices and technologies are also anticipated to favor market growth in China and India over the study period.

Meanwhile, sales of medical pendants for seniors are projected to have a bright outlook in Japan owing to the presence of a large geriatric patient pool. The growing prevalence of chronic diseases and the rising number of surgeries in the country are also slated to benefit market development through 2033.

What is Primarily Promoting Medical Pendant Sales in the United Kingdom?

“High Focus on Healthcare Infrastructure Development”

Much like all other European countries, the United Kingdom is also focusing on improving its healthcare infrastructure to accommodate the expanding patient pool that is being driven by a high incidence of chronic disorders and a rising senescent population. Medical pendant brands are also focusing on launching new products to improve their business scope in the country and boost sales revenue.

• In December 2020, Skytron LLC revealed the New Freedom Boom medical pendant system with 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.

Category-wise Insights

This Fact.MR survey details the global medical pendant market based on product type, application, end user, and region. Bulk of the global medical pendant market revenue share is driven by fixed medical pendant sales in hospitals.

Which Product Type is Most Popular in the Market?

“Fixed Medical Pendants Preferred by Most around the World”

Based on product, the market is segmented into fixed, fixed retractable, single-arm movable, double & multi-arm movable, and accessories. Global sales of fixed medical pendants are forecasted to rise at a CAGR of 5.5% from 2022 to 2033.

Increasing adoption of fixed medical pendants in operations, endoscopies, anaesthesia, and intensive care units allows it to bring in the most revenue for medical pendant brands. Affordability, portability, and ease of installation are other key prospects promulgating shipments of fixed medical pendant devices. Fixed medical pendant demand is driven by an increase in surgical procedures and a rise in the incidence of chronic diseases.

Integration of pneumatically controlled brakes into double & multi-arm movable medical pendant technologies allows for many movements and optimal performance. Additionally, the method makes the sterilization process simpler.

As such, moveable medical pendant systems with multiple arms and double arms are predicted to witness a hike in preference by healthcare professionals over fixed medical pendants. The rising use of double & multi-arm movable medical pendant systems is projected to hurt the market share of fixed medical pendants to some extent by 2033-end.

Competitive Landscape

Top-tier medical pendant manufacturers are focusing on launching new products to improve their sales potential and bolster their market share in the global landscape.

• In September 2021, HandsFree Health, a popular digital health platform provider, announced the launch of its new WellBe Pendant. The medical pendant providers round the clock access to emergency response for users through the company’s digital health platform.

Key Segments of Medical Pendant Industry Research

• By Product Type :

  • 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
  • APAC
  • MEA