Medical Pendants Market Scope
Medical pendants are used by healthcare professionals for positioning various medical devices and other necessary objects while performing procedures or surgeries. In addition to this, these systems are designed to support high load of instruments in areas such as operating theaters or intensive care units. The growing need for low-risk and safe workspace for medical workforce is fueling the global medical pendant market during the upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | KLS Martin Group (Germany), Surgiris (France), Provita Medical (Germany), Amcaremed Technology (China), BD (United States), Oricare (United States), Pegisdan (Spain), Mindray (China), Trumpf Medizin Systeme (United States), Stryker Berchtold (Germany), Mediland Enterprise (Taiwan), Heal Force (China), Modul Technik (Germany), EMA-LED (Germany), Trilux Medical (Germany), SIMEON Medical (Germany), Medgas-Technik (Germany), Biolume (France) and Kenswick (Germany) |
CAGR | 6.3% |
"According to AMA, the Global Medical Pendants market is expected to see growth rate of 6.3% and may see market size of USD148.1 Million by 2030."The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Research Analyst at AMA estimates that German, Chinese, and United States Players will contribute to the maximum growth of Global Medical Pendants market throughout the predicted period.
KLS Martin Group (Germany), Surgiris (France), Provita Medical (Germany), Amcaremed Technology (China), BD (United States), Oricare (United States), Pegisdan (Spain), Mindray (China), Trumpf Medizin Systeme (United States), Stryker Berchtold (Germany), Mediland Enterprise (Taiwan), Heal Force (China), Modul Technik (Germany), EMA-LED (Germany), Trilux Medical (Germany), SIMEON Medical (Germany), Medgas-Technik (Germany), Biolume (France) and Kenswick (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Brandon Medical (United Kingdom), Skytron (United States), Novair Oxyplus Technologies (France) and Magnatek Enterprises (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Pendants market by Type , by Application (Hospital (ICU, Emergency Room, Endoscopy and Other), Clinics and Others) and Region with country level break-up.
On the basis of geography, the market of Medical Pendants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2019, IK Investment Partners acquired Ondal Medical Systems, a leading Original Design Manufacturer (ODM) of medical pendant systems. This acquisition aims to position Ondal as a global leader in medical pendant systems.
In March 2021, Mindray, a renowned medical device manufacturer, announced the launch of a new range of ceiling supply units, including the HyPort R80 medical pendant system. This system helps caregivers organize their medical devices, enhancing the workflow in healthcare settings.
Influencing Trend:
Increasing demand for flexible, more space saving, and light-weight systems with dynamic features and Innovation and technological advancements enabling medical pendant systems
Market Growth Drivers:
Surging demand for medical pendants from healthcare professionals, Widening base of clinics, hospitals, and other healthcare centers and Medical pedants are highly adopted by developed economies
Challenges:
Ineptitude of nursing staff in emerging economies
Restraints:
High cost of medical pedants devices
Opportunities:
Surging demand in ICU and operating theaters to reduce the incidence of healthcare associated infections
Key Target Audience
Medical Pendants Product Manufacturers, Service Providers, Raw Material Suppliers/Distributors, Product Suppliers/Distributors, End User and Others