Medical Pendant Market SWOT Analysis, Growth, Share, Size and Demand Outlook by 2031 | mico Corporation, BeaconMedaes, Bejing Aeonmed, Dragerwerk AG, Hutz Medical.

The global medical pendant market was valued at USD 483.3 million in 2021 and it is anticipated to grow up to USD 768.2 million by 2031, at a CAGR of 4.7% during the forecast period.

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Medical pendant, also called as surgical boom or ceiling pendant are designed to offer support for other equipment throughout the surgical procedures in operating room or in facilitating operations in the intensive care units (ICU). Medical pendant is developed to ergonomically centralize the procedural support equipment and utility services for surgeons & operating room staff. These devices are used in healthcare settings to facilitate easy access to medical gases including oxygen, nitrogen, & carbon dioxide and electrical power.

Market Trends and Drivers

Technological advancements are expected to create several industry growth opportunities, driving market potential in the coming years. With the ongoing advancements in virtual reality technology, as well as the continual development and enhancements in medical equipment, the adoption rate and usability of these devices have increased. The incorporation of virtual reality technology onto these devices has significantly improved the user experience and product usefulness. Such advancements have accelerated the use of medical pendants in a variety of professions, including surgery, gynaecology, obstetrics, endoscopy, and other medical specialties.

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Moreover, new product launches by leading market competitors are expected to increase the growth of the medical pendant market. MediBoom, for example, is a single-arm mobile surgical pendant manufactured by Ondal Medical Systems GmbH that may be integrated with the M6 MediSound-System. This mechanism is made of an unique antibacterial composite that is resistant to bacterial development, which increases user safety. Thus, the integration of novel technologies and the launch of innovative products by key industry players is expected to promote medical pendant usage in the future years.

Major Players in the Global Medical Pendant Market

The key players in the market Amico Corporation, BeaconMedaes, Bejing Aeonmed, Dragerwerk AG, Hutz Medical, INMED-Karczewscy, MEDGAS-Technik Gmbh, Mediland , Ondal Medical Systems, and Unicorn Medicals, among others.

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COVID-19 Impact

The COVID-19 pandemic emerged as an unprecedented public health hazard, causing enormous disease burden and financial adversity in a variety of industrial sectors. Many industries, including healthcare, saw major shifts in 2020. Hospital admissions and healthcare services were provided to COVID-19 infected individuals, with the bulk of other surgical interventions suspended. The United States government declared a national emergency and ordered the postponement of many non-emergency medical operations in hospital settings. As a result, several medical operations in various nations have been delayed.

Despite these improvements, the pandemic has resulted in increased use of ICU and increased need for medical pendants that give critical medical gases such as oxygen. Furthermore, the World Health Organization (WHO) offered revised advice focusing on strengthening healthcare systems and infrastructure during the COVID-19 pandemic. These innovations increased the demand for improved healthcare settings, facilitating market expansion.

Global Medical Pendant Market Segmentation

By Product

Fixed Pendants
Movable Pendants

By Installation

Ceiling Mounted Pendants
Wall Mounted Pendants
Others

By Application

Intensive Care Unit (ICU)
Surgery
Anesthesia
Endoscopy
Others

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By End-user

Hospital
Ambulatory Surgical Centers
Others

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