Transparency Market Research

Medical Pendant Market Trends and Forecast 2016-2024

Medical Pendant Market is driven by growing demand for feature-rich medical support systems for healthcare professionals, Need for a low-risk workspace propels market for Medical Pendant.


Albany, NY -- (SBWIRE) -- 06/10/2016 -- Global Medical Pendant Market: Overview

Medical pendants are an important fixture in operation theaters because of the many needs they fulfil. A medical pendant is usually mounted on the ceiling and can move in all directions on its hinges. The frame of a medical pendant system may comprise shelves, wiring units, supporting rods and flanges, extendable arms, and many other configurations. The arms of a medical pendant can be used to fix medical gas cylinders, communication devices, electrical devices, and other equipment that is needed either in an operating room or outside of it. Companies in the medical pendant market are facing an increasing demand for products that can offer flexibility, multiple features, and space saving. The market for medical pendants is thus being positively impacted with the launch of more compact products that are packed with features without compromising on carrying capacity.

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The materials used in medical pendant systems have become lighter yet stronger. This has improved their life even when these products are exposed to considerable abuse in dynamic hospital environments. Users are also looking for medical pendants that have a higher number of gas services and electrical points available as a typical hospital now uses more electronic devices. With a higher degree of customization now being offered by companies in the medical pendants market, competition has become intense in recent years.

TMR's report studies the intricacies of the global medical pendant market and helps companies identify the most pertinent trends and opportunities. How the changing infrastructure of hospitals is impacting the expectations of consumers from medical pendant systems is also studied in detail in this report.

Global Medical Pendant Market: Trends, Drivers, and Restraints

While it is clear that the demand for medical pendants is on the rise, innovation remains crucial for growth. The products that were doing well a few years ago are now becoming outmoded as consumers are looking for motorized medical pendant systems that can move as desired at the press of a button. Consumers also expect medical pendants to be ergonomic, sturdy, and modular to accommodate future expansion.

The top drivers for the global medical pendants market are: A growing demand for feature-rich medical support systems for healthcare professionals, the need for a low-risk workspace for medical experts, and modern changes to the way ICUs and OTs are designed. The proven usefulness of medical pendant systems in applications such as surgeries, research, and endoscopy have fueled the market for medical pendant systems. However, advanced medical pendant systems come with a hefty price tag and may cause hospitals to consider using alternatives. This could restrain the growth of the global medical pendant market.

Global Medical Pendant Market: Segmentation

The market for medical pendants can be segmented based on application, geography, and type. By geography, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these, North America constituted the largest market share at the beginning of the forecast period. However, the improving standard of healthcare in emerging nations in Asia Pacific will lead to more investments in medical pendants in the region.

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On the basis of type, the market for medical pendants is segmented into the following: fixed, double multi-arm, fixed retractable, and single arm movable. Basis application, the market for medical pendants can be segmented into anesthesia, surgery, ICUs, and endoscopy. TMR analysts expected the demand for fixed retractable medical pendants to grow considerably during the forecast period of the report.

Currently, some of the highest revenue generating companies in the global medical pendant market are: Starkstrom, ELEKTRA HELLAS, Hipac, Ondal, Unicorn Medicals, Beacon Medaes, Uttam, Medilon, Brandon Medical, and Medimax.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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