Press release
Medical Pendant Market Insights by Product-fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories, Growth Factors and Upcoming Trends Forecast Till 2023
Global Medical Pendant Market was valued at USD 95.18 million in 2017 and is anticipated to garner USD 149.01 million by the end of 2023. The market across the globe is expected to register 7% CAGR during the forecast period (2017-2023).
Medical pendant provides the correct positioning of terminal units, medical gas, medical equipment, and specialty and electrical services, thereby fulfilling the requirements of a hospital. With the increasing need for low-risk and safe work space for the medical workforce, the global medical pendant market is presumed to accelerate during the assessment period.
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Medical Pendant Market - Competitive Dashboard:
The noteworthy players operating the global medical pendant market are MEDIMAXKOREA, Starkstrom, Tedisel Medical, Megasan Medikal, Surgiris, Brandon Medical Co. Ltd., BeaconMedæs, Skytron LLC, Elektra Hellas S.A., and Ondal Medical Systems GmbH.
Global medical pendant market has been segmented on the basis of product, application, and region.
By mode of product, the global medical pendant market has been segmented into fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories. Among these, the fixed pendants hold the largest market share, whereas the single arm moveable pendants account for the fastest growing segment.
By mode of application, the global medical pendant market has been segmented into hospital, clinics and others. The hospital segment is further sub-segmented into intensive care unit (ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among these, the clinics segment is expected to be the fastest growing segment.
Medical Pendant Market - Regional Insights:
Geographically, the global medical pendant market span across major four regions, namely Europe, America, Asia Pacific, and the Middle East & Africa.
The North American region in the Americas is presumed to dominate the global medical pendant market in terms of revenue owing to the presence of world class healthcare infrastructure, advanced facilities, top notch healthcare practices, and strict mandates from the regulating authorities.
The Asia Pacific region is anticipated to account for the fastest growth owing to the rapid growth in the healthcare infrastructure, increased spending, and government initiatives and focus on better healthcare practices owing to the rising medical tourism industry.
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Industry Updates:
March 21, 2018: Designed for seniors, TruSense, a smart home monitoring solution, has recently announced that it has added its first-ever smart personal emergency response pendant which combine GPS with notification when it is not being worn, thus extending protection even when outside the home. TruSense GPS Smart Pendant works in combination with TruSense Home. The combination offers customized alerts whenever the pendant is not being worn, thereby eradicating all the false sense of security created.
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