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Press Release: U.K. Medical Pendant Market to Surpass US$ 25.5 Million by 2027
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The U.K. medical pendants market is expected to exhibit significant growth, owing to increasing number of healthcare professionals and hospitals in the U.K., which is expected to increase demand for medical pendants in the market. For instance, according to WHO data, the number of physicians in the U.K. are continuously increasing, as there were 1.9 physicians/1,000 people in 2005 and it reached around 2.9 physicians/1,000 people in 2015. The increasing number of healthcare professionals show the potential demand for growing healthcare advancement in the U.K. market. According to United Kingdom National Health Service data, the actual number of hospitals was around 1,257 hospitals in the U.K. in 2019. This number includes the NHS Trust-managed hospitals and the additional private hospitals that are currently in use.
Moreover, market players are focusing on product launches to strengthen their position in the market. For instance, in December 2020, Skytron, LLC launched new Freedom Boom, a medical pendant system with improved qualities such as no brakes or buttons to push towards pendant arms, Skytron’s unique Active Assist technology, and provide limited space options and advance operation rooms with the ability to change components without removing the entire medical pendant structure. Freedom Boom also offers extra utility outlets for electric, and gases.
The U.K. medical pendants market is estimated to be valued at US$ 17.3 Mn in 2020 and is expected to exhibit a CAGR of 5.6% during the forecast period (2020-2027).
Figure 1: U.K. Medical Pendants Market Share (%) Value, 2020
Furthermore, key companies are focusing on inorganic strategies such as mergers and collaborations to strengthen their position in the market.
For instance, in November 2020, Steris announced the acquisition of Key Surgical, a portfolio company of Water Street Healthcare Partners, LLC. This acquisition strengthened and expanded Steris’s product offerings, globally.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2020: | US$ 17.3 Mn |
| Historical Data for: | 2016 to 2020 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 5.6% | 2027 Value Projection: | US$ 25.5 Mn |
| Geographies covered: |
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| Companies covered: |
Steris, Drägerwerk AG & Co. KGaA, BeaconMedaes, Brandon Medical, Starkstrom, Pneumatech MGS, Modular Services Company, Skytron, LLC, Trumpf Medical, and S.I.M.E.O.N. Medical GmbH & Co. KG |
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U.K. Medical Pendants Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 pandemic is the most recent disease outbreak which was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as a pandemic on March 11, 2020. Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 96.2 million infected individuals worldwide and 3.47 million infected individuals in the U.K., as of January 20, 2021.Furthermore, various medical equipment companies in the U.K. are increasing the manufacturing of medical equipment to assess the increasing demand for medical equipment during COVID-19 pandemic. For instance, in April 2020, Brandon Medical announced to increase the production of reliable examination lights, minor surgical lighting, intensive care support systems, and other essential medical equipment, which can be of great use in quickly scaling ITU and critical care services, due to increasing demand for medical equipment during the COVID-19 pandemic period.
Medical pendants are the equipment used in operation theaters and have a great practical utility. These pendants are designed to rotate flexibly and enable efficient workflows for the medical staff. Some pendants are combined with monitoring support and surgical illumination systems, creating a solution to provide all facilities required in the modern minimally invasive suites, as medical pendant can be positioned flexibly for optimal utilization of the space available in operating rooms and intensive care units.
Moreover, coronavirus has economically affected various commonwealth countries such as New Zealand, Singapore, South Africa, India, Australia, the U.K., Singapore, Malaysia, Kenya, and others due to imposed partial or complete lockdowns – with varying degree of severity of COVID-19. According to International Trade Working Paper report published in September 2020, various industrial companies are focusing on reducing labor, production, and supply chain costs. This has resulted in an increasingly complex supply chain for medical products.
Figure 2: U.K. Medical Pendants Market Value (US$ Mn), By Product, 2016 – 2027
The medical pendants are designed to help with infection prevention practices, improve workflow by providing a safe and organized environment for clinical staff, and are 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. Medical pendants help 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 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.
Market Dynamics
The U.K medical pendant market is expected to exhibit significant growth, owing to increasing demand for medical pendant in intensive care units and operating theaters due to increasing number of hospitalization due to healthcare associated infections. The increasing incidence of healthcare associated infections is a major factor fueling the growth of this market. For instance, according to British Medical Association report 2019, in 2016/2017, there was an estimated 653,000 HCAIs among the 13.8 million adult inpatients in NHS general and teaching hospitals in England, of which 22,800 patients died as a result of healthcare associated infection Increasing number of ear infection cases is expected to drive growth of this market.
Moreover, according to the same source, in 2017, HCAIs accounted for 5.6 million occupied hospital bed days and 62,500 days of absenteeism among front-line healthcare professionals due to spread of HCAI while treating patients. Such factors are expected to increase the demand for medical pendant in intensive care units and operation theaters.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
*Browse 12 market data tables and 13 figures on ‘U.K. Medical Pendants Market– country forecast to 2027’
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