Market Overview:
The global medical pendant market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive surgeries and rising number of hospitals and surgical centers. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global medical pendant market can be segmented into ceiling-mounted, wall-mounted, free-standing, and others. The ceiling-mounted segment is expected to account for the largest share of this market in 2018. This segment is projected to grow at a CAGR of 6% from 2018 to 2030 due to its ease of use and low installation cost. Based on application, the global medical pendant market can be divided into hospitals, specialty clinics, ambulatory surgery centers (ASCs), and others segments. The hospitals segment accounted for majority share in 2017 owing rise in number os hospital admissions across globe .However ,the ambulatory surgery center (ASC)segmentis projectedto witness highestgrowth during forecast period as there has been an increasein adoptionof minimally invasive surgeries(MIS) procedures .
Product Definition:
Medical pendant is a device used by medical professionals to provide support and assistance to patients. It helps in the movement of patients from one place to another and also provides necessary medical equipment at the same time.
Ceiling-mounted:
Ceiling-mounted medical pendant is a device used to support the patient while undergoing treatment or during recovery. It helps in maintaining the balance and stability of patients suffering from certain conditions such as Parkinson’s disease, arthritis, and Alzheimer’s disease. Ceiling mounted medical pendants are also used by physically fit people to help maintain their body posture.
The global ceiling-mounted, it's usage.
Wall-mounted:
Wall-mounted medical pendant is a suspended ceiling mounted medical device used in the treatment of patients. It helps doctors and nurses to provide patient care without disturbing their routine operations. The wall-mounted medical pendant has become an essential part of healthcare infrastructure, which has led to its increasing demand across hospitals and clinics globally.
Application Insights:
Based on application, the global medical pendant market is segmented into hospitals, specialty clinics and ambulatory surgery centers. Hospitals held the largest share in 2017 owing to increasing government investments in healthcare infrastructure development along with a growing number of patients globally. According to WHO, an increase of 10% in hospital construction spending was observed from 2016 to 2017.
The specialty clinic segment is expected to grow at a significant rate during the forecast period due largely Ambulatory Surgery Centers (ASCs) being developed at a rapid pace across the globe which require medical pendants for monitoring and tracking patient¢â‚¬â„¢s data which are then displayed on large-screen televisions or computer monitors inside ASCs.
Regional Analysis:
North America dominated the global medical pendant market in 2017. This can be attributed to increasing healthcare expenditure, rising adoption of technologically advanced medical devices, and supportive reimbursement framework in this region. Moreover, presence of major players such as GE Healthcare; Philips; and Koninklijke Philips N.V., with extensive distribution networks across North America is expected to drive the regional demand for medical pendants over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure coupled with growing patient awareness levels regarding various ambulatory surgery procedures performed at home rather than hospitals or specialty clinics. Furthermore, government initiatives aimed at reducing hospital readmissions are likely to boost product demand during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical pendant market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because medical pendants offer surgeons a greater degree of flexibility and control during surgery, which helps reduce surgical time and improve patient outcomes.
- Growing use of robots in surgery: The use of robots in surgery is growing at a rapid pace, and this is expected to drive the demand for medical pendants in the coming years. Robots are being increasingly used to perform complex procedures such as heart bypass surgeries, prostate removals, and brain tumor removals. This has led to an increase in the number of hospitals that are investing in robot-assisted surgical systems, thereby driving the growth of the medical pendant market.
- Rising incidence of chronic diseases: The incidence of chronic diseases such as cancer, diabetes mellitus, and cardiovascular diseases is rising at an alarming rate across the world. This has led to an increase in demand for advanced diagnostic and treatment procedures such as image-guided interventions (IGI) and radiofrequency ablation (RFA). Medical pendants play a key role during these procedures by providing surgeons with real-time images and other vital information about patients’ health status. As a result, this segment is projected to grow at a fast pace over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Pendant Market Research Report
By Type
Ceiling-mounted, Wall-mounted, Free-standing, Others
By Application
Hospitals, Specialty Clinics, Ambulatory Surgery Centers
By Companies
Mindray, Maydear, Yuda Medical Equipment, Shanghai Von, Harbin Howell Medical, Baisheng Medical, Nanjing Dingrui, MINGTAIMED, Jiangsu Maijun Medical Technology, INMED-Karczewscy LLC LLP, BERIKA Medical Technology, AEONMED, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, Shanghai Wanyu Medical Equipment Co.,Ltd, SHANGHAI HUIFENG MEDICAL INSTRUMENT CO., LTD., Drägerwerk, Emaled, Mediland, Surgiris, Heal Force, BeaconMedaes, Novair Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Medical Pendant Market Report Segments:
The global Medical Pendant market is segmented on the basis of:
Types
Ceiling-mounted, Wall-mounted, Free-standing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Specialty Clinics, Ambulatory Surgery Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mindray
- Maydear
- Yuda Medical Equipment
- Shanghai Von
- Harbin Howell Medical
- Baisheng Medical
- Nanjing Dingrui
- MINGTAIMED
- Jiangsu Maijun Medical Technology
- INMED-Karczewscy LLC LLP
- BERIKA Medical Technology
- AEONMED
- SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED
- Shanghai Wanyu Medical Equipment Co.,Ltd
- SHANGHAI HUIFENG MEDICAL INSTRUMENT CO., LTD.
- Drägerwerk
- Emaled
- Mediland
- Surgiris
- Heal Force
- BeaconMedaes
- Novair Medical
Highlights of The Medical Pendant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ceiling-mounted
- Wall-mounted
- Free-standing
- Others
- By Application:
- Hospitals
- Specialty Clinics
- Ambulatory Surgery Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Pendant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical pendant is a small, wearable device that monitors vital signs and sends alerts to caregivers. They are often worn by patients in hospitals or long-term care facilities to help keep track of their health.
Some of the key players operating in the medical pendant market are Mindray, Maydear, Yuda Medical Equipment, Shanghai Von, Harbin Howell Medical, Baisheng Medical, Nanjing Dingrui, MINGTAIMED, Jiangsu Maijun Medical Technology, INMED-Karczewscy LLC LLP, BERIKA Medical Technology, AEONMED, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, Shanghai Wanyu Medical Equipment Co.,Ltd, SHANGHAI HUIFENG MEDICAL INSTRUMENT CO., LTD., Dr¤gerwerk, Emaled, Mediland, Surgiris, Heal Force, BeaconMedaes, Novair Medical.
The medical pendant market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Pendant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Pendant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Pendant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Pendant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Pendant Market Size & Forecast, 2018-2028
4.5.1 Medical Pendant Market Size and Y-o-Y Growth
4.5.2 Medical Pendant Market Absolute $ Opportunity
Chapter 5 Global Medical Pendant Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Pendant Market Size Forecast by Type
5.2.1 Ceiling-mounted
5.2.2 Wall-mounted
5.2.3 Free-standing
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Pendant Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Pendant Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Specialty Clinics
6.2.3 Ambulatory Surgery Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Pendant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Pendant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Pendant Analysis and Forecast
9.1 Introduction
9.2 North America Medical Pendant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Pendant Market Size Forecast by Type
9.6.1 Ceiling-mounted
9.6.2 Wall-mounted
9.6.3 Free-standing
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Pendant Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Specialty Clinics
9.10.3 Ambulatory Surgery Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Pendant Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Pendant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Pendant Market Size Forecast by Type
10.6.1 Ceiling-mounted
10.6.2 Wall-mounted
10.6.3 Free-standing
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Pendant Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Specialty Clinics
10.10.3 Ambulatory Surgery Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Pendant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Pendant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Pendant Market Size Forecast by Type
11.6.1 Ceiling-mounted
11.6.2 Wall-mounted
11.6.3 Free-standing
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Pendant Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Specialty Clinics
11.10.3 Ambulatory Surgery Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Pendant Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Pendant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Pendant Market Size Forecast by Type
12.6.1 Ceiling-mounted
12.6.2 Wall-mounted
12.6.3 Free-standing
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Pendant Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Specialty Clinics
12.10.3 Ambulatory Surgery Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Pendant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Pendant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Pendant Market Size Forecast by Type
13.6.1 Ceiling-mounted
13.6.2 Wall-mounted
13.6.3 Free-standing
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Pendant Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Specialty Clinics
13.10.3 Ambulatory Surgery Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Pendant Market: Competitive Dashboard
14.2 Global Medical Pendant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mindray
14.3.2 Maydear
14.3.3 Yuda Medical Equipment
14.3.4 Shanghai Von
14.3.5 Harbin Howell Medical
14.3.6 Baisheng Medical
14.3.7 Nanjing Dingrui
14.3.8 MINGTAIMED
14.3.9 Jiangsu Maijun Medical Technology
14.3.10 INMED-Karczewscy LLC LLP
14.3.11 BERIKA Medical Technology
14.3.12 AEONMED
14.3.13 SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED
14.3.14 Shanghai Wanyu Medical Equipment Co.,Ltd
14.3.15 SHANGHAI HUIFENG MEDICAL INSTRUMENT CO., LTD.
14.3.16 Drägerwerk
14.3.17 Emaled
14.3.18 Mediland
14.3.19 Surgiris
14.3.20 Heal Force
14.3.21 BeaconMedaes
14.3.22 Novair Medical
