U.K. Medical Pendants Market to Surpass US$ 29.1 Mn by 2030
The 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$ 29.1 Million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The U.K. Medical Pendants market is expected to exhibit significant growth owing to the increasing number of healthcare professionals and hospitals in the U.K., which is expected to increase the demand for Medical Pendants. For instance, according to the data published by Royal College of Physicians, the number of physicians in the U.K. is continuously increasing. There are 23,937 physicians on the General Medical Council (GMC) register, where 21,182 of them are practising consultant National Health Service (NHS) physicians in the U.K. In the year 2022, a census survey was sent electronically to 19,187 consultant physicians and 5,244 (27%) responded. After removing retirees and those who had otherwise left medicine, 4,774 responses to the survey were from practising consultant NHS physicians.This number includes the NHS Trust-managed hospitals and the additional private hospitals that are currently in use.
U.K. Medical Pendants Market - Impact of Coronavirus (COVID-19) Pandemic
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 (WHO) 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 770 million infected individuals worldwide and 270 million infected individuals in the Europe, as of September 1, 2023.
Moreover, regulatory bodies had introduced temporary restriction on the export of medical supplies during the COVID-19 pandemic period. According to the European Commission report published in 2020, the European Commission has imposed temporary restriction on at least 75 countries for the export of medical supplies and medical equipment.
U.K. Medical Pendants Market: Key Developments
On July 25, 2022, Arthrex, a global leader in minimally invasive surgical technology, and Skytron, a healthcare safety and efficiency company specializing in capital equipment, announced a partnership to offer a broad array of total room solutions designed to address the future needs and challenges of operative care facilities. Arthrex and Skytron are focused on improving surgical quality and patient care. This partnership offers the most advanced technologies and operating room infrastructure in one package, a comprehensive suite of complementary products that will help surgeons treat their patients better.
Browse 6 market data tables and 12 figures spread through 105 Pages and in-depth TOC on “U.K. Medical Pendants Market”- Forecast to 2030, U.K. Medical Pendants Market, by 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 this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/uk-medical-pendants-market-4405
Key Takeaways of the U.K. Medical Pendants Market:
- The U.K. Medical Pendantss market is expected to exhibit a CAGR of 5.4% during the forecast period. Mergers with emerging economies offer lucrative growth opportunities for players in the U.K. Medical Pendantss market.
- Among product type, the rotary pendant segment is expected to hold a dominant position in the U.K. Medical Pendantss market in the near future owing to approvals of new and advanced products by regulatory authorities
- Among application, the surgery segment is expected to hold a dominant position in the U.K. Medical Pendantss market in the near future owing to the increasing number of surgeries, such as angioplasty and laparoscopic appendectomy in the U.K., which is expected to drive the U.K Medical Pendantss market growth
- The major players operating in the U.K. Medical Pendantss market are 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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