U.K. Medical Pendant Market, by Product Type (Fixed Pendant, Rotary Pendant, and Movable Pendant) and by Application (Surgery, Anesthesia, Endoscopy, and Intensive Care Unit (ICU)) is estimated to be valued at US$ 17.3 million in 2020 and is expected to exhibit a CAGR of 5.6% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
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, gases.
Moreover, 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 that it completed the previously announced acquisition of Key Surgical, a portfolio company of Water Street Healthcare Partners, LLC. The company also stated that the acquisition strengthened and expanded STERIS’s product offerings, globally.
U.K. Medical Pendant – Impact of Coronavirus (COVID-19) Pandemic
Browse 12 Market Data Tables and 13 Figures spread through 105 Pages and in-depth TOC on “U.K. Medical Pendant Market, Product Type (Fixed Pendant, Rotary Pendant, and Movable Pendant) and by Application (Surgery, Anesthesia, Endoscopy, and Intensive Care Unit (ICU)).
To know the latest trends and insights prevalent in the U.K. medical pendant market, click the link below:
https://www.coherentmarketinsights.com/market-insight/uk-medical-pendants-market-4405
The U.K. medical pendant market is expected to exhibit high growth over the forecast period, owing to increasing surgical procedures in the U.K. According to the European Commission report published on 2020, the count of various surgeries performed in the U.K. in 2018 are as follows:
Approximately 87 appendectomy surgeries in among 100,000 individuals were performed in the U.K. in 2018 and according to the same source, there has been significant increase in number of surgeries since 2013 (in U.K only 141 knee replacement surgeries were recorded among 100,000 individuals in 2013) and is also expected that the number of surgical procedures will increase over the forecast period
Key Takeaways of the U.K. Medical Pendant Market:
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