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).
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.
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%.
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.
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.
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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.
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.
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