Medical Pendants Market, by Product Type (Fixed, Rotary Pendants (Single-Arm and Double Multi-Arm) and Movable Pendants (Single-Arm and Double Multi-Arm), and By Application (Surgery, Anesthesia, Endoscopy and ICU) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

  • Published On : Aug 2018 |
  • Pages : 152 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Medical Pendant System Market - Insights

Medical pendants are systems designed to support high load of instruments in areas such as operating theaters or intensive care units. These pendants are provided by highly maneuverable arms with sufficient range to be able to reposition the bed space to suit specific nursing practices without risk of entanglement or occlusion. Increasing demand for flexible, more space saving, and light-weight systems and systems with multiple features is compelling manufacturers to design and develop new systems with advanced features. For instance, in October, 2013, Ondal Medical System announced that over 1,000 MediBoom ceiling pendant system with electromagnetic braking system have been sold and installed in Europe within a very short time. Thus, adoption of these devices by hospitals of various regions are expected to drive growth of the medical pendant system over the forecast period.

The global medical pendants market size is estimated to be valued at US$ 95.18 million in 2017, and is expected to witness a CAGR of 6.7% over the forecast period (2018 – 2026).

Figure 1. Global Medical Pendant Market Value (US$ Mn) Analysis and Forecast and Absolute $ Opportunity

                     

Source: Coherent Market Insights Analysis (2018)

Increasing demand for medical pendants in ICU and operating theatres are expected to propel growth of the market

Medical pendants are expected to create a lucrative opportunities in the market during the forecast period, owing to its increasing demand in ICU and operating theaters to reduce the incidence of healthcare associated infections. For instance, according to National Center for Biotechnology Information (NCBI), 2017, prevalence of HAIs in emerging economies are twice as compared to European countries and incidence of HAIs acquired in ICU of emerging economies is triple as compared to U.S. Many manufacturers offer the system configuration to support advanced needs of healthcare facilities through providing efficient access to equipment, allowing the surgeon and clinical staff with greater flexibility for positioning the operating table and patient during surgical procedures.

Many hospitals are focusing on installing an innovative pendant systems in their important departments such as Critical Care and Intensive Treatment Units. For instance, in 2016, St Mary's Hospital, Paddington equipped novel foot-of-bed pendant system, which was developed and supplied by Brandon Medical to meet the requirements for an integrated patient information system.

Developed economies such as the U.S., Canada, U.K., Germany, and Japan are characterized by high adoption rate of medical pendant systems. Moreover, high incidence rates of injuries due to fall from beds and upper bunks leading to severe injuries is expected to propel growth of the medical pendants market in developed regions. According to the Centers for Disease Control and Prevention (CDC), one in three senior citizens aged 65 and above, fall down from bed and upper bunks annually, in the U.S., and 20% to 30% of them suffer from serious injuries.

North America is expected to account for highest market share in the global medical pendants market, owing to the presence of a many players in this regions with improved healthcare infrastructure.  Moreover, Asia Pacific is expected to witness high growth in the medical pendants market, owing to increasing adoption of these devices by various hospitals. For instance, in 2016, Shanghai Amcaremed Technology Co., Ltd. help their client to install their ICU pendant system.

Figure 2. Global Medical Pendant Market Value (US$ Mn) Analysis; By Region

Source: Coherent Market Insights Analysis (2018)

Key players operating in the global medical pendants market include Hipac Healthcare Pty Ltd, Surgiris, Ondal Medical Systems, STERIS plc. Elektra Hellas, Starkstrom Ltd., Narang Medical Ltd., Brandon Medical, TLV Healthcare, and Shanghai Amcaremed Technology Co., Ltd.

The medical pendants are designed to help with infection prevention practices, improve workflow by providing a safe and organized environment for clinical staff, and be easy to maintain. Furthermore, these pendants provide convenient access to multiple gas, electrical and data outlets for use in critical care, operating, anesthetic, and ancillary rooms.

Market Dynamics

Increase in flexibility that helps to reduce the console size and makes the pendant system easily accessible and further reduces the overhead infrastructure and future maintenance costs are the major advancements that manufacturers are focusing into and thus is expected to propel the growth of the market during the forecast period. In 2016, Brandon Medical redesign with new features in its Atlas Medical Pendant to improve user functions and maintenance. The features include increased internal service area for additional medical, gas and electrical services and greater load bearing capacity to allow more equipment to be carried.

The medical pendants market is projected to witness admirable growth due to increasing preference for emergency alert consoles, rapidly aging population that are more prone to infectious diseases and require treatments, and increasing demand for medical pendant systems in nursing homes and old age care facilities. For instance, according to WHO, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. However, product availability and pricing would be hindering the market growth.

Key features of the study:

  • This report provides in-depth analysis of medical pendant market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018–2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global medical pendants market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include Hipac Healthcare Pty Ltd, Surgiris, Ondal Medical Systems, STERIS plc, Elektra Hellas, Starkstrom Ltd., Narang Medical Ltd, Brandon Medical, TLV Healthcare, and Shanghai Amcaremed Technology Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
  • The global medical pendants market report caters to various stakeholders in this industry including investors, suppliers, medical pendant device manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the medical pendants market

Detailed Segmentation:

  • Global Medical Pendants Market, By Product Type:
    • Fixed Pendants
    • Rotary Pendants
      • Single-Arm
      • Double Multi-Arm
    • Movable Pendants
      • Single-Arm
      • Double Multi-Arm
  • Global Medical Pendants Market, By Application:
    • Surgery
    • Anesthesia
    • Endoscopy
    • ICU
  • Global Medical Pendants Market, By Geography:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
        • By Application:
          • Surgery
          • Anesthesia
          • Endoscopy
          • ICU
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
      • By Application:
        • Surgery
        • Anesthesia
        • Endoscopy
        • ICU
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
      • By Application:
        • Surgery
        • Anesthesia
        • Endoscopy
        • ICU
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
      • By Application:
        • Surgery
        • Anesthesia
        • Endoscopy
        • ICU
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
      • By Application:
        • Surgery
        • Anesthesia
        • Endoscopy
        • ICU
    • Africa
      • By Country:
        • South Africa
        • North Africa
        • Central Africa
      • By Product Type:
        • Fixed Pendants
        • Rotary Pendants
          • Single-Arm
          • Double Multi-Arm
        • Movable Pendants
          • Single-Arm
          • Double Multi-Arm
      • By Application:
        • Surgery
        • Anesthesia
        • Endoscopy
        • ICU
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Strategies
    • Hipac Healthcare Pty Ltd*
    • Surgiris
    • Ondal Medical Systems
    • STERIS plc.
    • Elektra Hellas
    • Starkstrom Ltd.
    • Narang Medical Ltd.
    • Brandon Medical
    • TLV Healthcare
    • Shanghai Amcaremed Technology Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Regulatory Scenario
    • Industry Trends
    • Technological Advancements
    • PEST Analysis
    • PORTER’S Five Forces Analysis
  4. Global Medical Pendants Market, By Product Type, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Fixed Pendant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
    • Rotary Pendant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
        • Single-Arm
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
        • Double Multi-arm
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
    • Movable Pendant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
        • Single-Arm
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
        • Double Multi-arm
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
  5. Global Medical Pendants Market, By Application, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
    • Anesthesia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
    • Endoscopy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
    • ICU
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2026, (US$ Million)
  6. Global Medical Pendants Market, By Regions, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2017–2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Application, 2017–2026, (US$ Million)
      • Market Size and Forecast, By Country, 2017–2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Hipac Healthcare Pty Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Surgiris
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Ondal Medical Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Steris Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Elektra Hellas
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Starkstrom Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Narang Medical Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Brandon Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • TLV Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Shanghai Amcaremed Technology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 19 market data tables and 23 figures on “Medical Pendants Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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