Medical Pendant Market - By Product (Fixed Pendant, Movable Pendant), By Installation (Ceiling Mounted Pendant, Wall Mounted Pendant), By Application (Intensive Care Unit (ICU), Surgery, Anesthesia, Endoscopy), By End-use & Forecast, 2022-2028

Medical Pendant Market Size

Medical Pendant Market size surpassed USD 494 million in 2021 and is estimated to register around 6% CAGR between 2022 and 2028. The growing incidence of chronic diseases that require surgical intervention and rise in the surgical procedures are stimulating the market growth.
 

Certain surgical interventions incorporate medical pendant to optimize workflow and clinical efficiency that is set to drive the adoption of these devices and drive the market potential. In addition to this, subsequent technological advancements in medical pendant are further expected to render significant impact, driving the market statistics.
 

Medical pendant, also called as surgical boom or ceiling pendant are designed to offer support for other equipment throughout the surgical procedures in operating room or in facilitating operations in the intensive care units (ICU). Medical pendant is developed to ergonomically centralize the procedural support equipment and utility services for surgeons & operating room staff. These devices are used in healthcare settings to facilitate easy access to medical gases including oxygen, nitrogen, & carbon dioxide and electrical power.
 

However, high cost of medical pendant may negatively impact the industry growth. Medical pendant being a capital equipment, requires considerable investment. The high cost of acquisition of medical pendant hampers its adoption rate, especially in the emerging markets. For instance, an average cost of a multi-arm pendant is more than USD 2,000. While the acquisition cost of a high-end fixed pendant or an ICU bridge pendant is around USD 8,000 and onwards. These are only the costs associated with acquiring the device, the maintenance costs add to the additional costs of these units. Furthermore, in low-middle income countries, such a high cost of equipment limits majority of the healthcare practitioners from opting for the product. Thus, high cost of the device may impede the medical pendant industry growth.
 

The COVID-19 pandemic emerged as an unparalleled public health concern and inflicted significant disease burden & financial adversities on multiple industrial sectors. Many sectors witnessed drastic transitions including the healthcare sector in 2020. Hospital admissions and healthcare services were delivered to the COVID-19 infected patients, prioritizing the emergent cases, with majority of the other surgical interventions on halt. The U.S. government implemented a lockdown, national emergency, and the associated health organizations postponed several non-emergency medical procedures in healthcare settings. This has led to the delay in multiple medical procedures across various countries.
 

However, despite these developments, the heightened usage of ICU and increased demand for medical pendant that supply crucial medical gases including oxygen surged owing to pandemic. Further, the World Health Organization (WHO) proposed revised guidance that concentrates on bolstering healthcare systems and infrastructure during the COVID-19 pandemic. These developments uplifted the demand for improvement of healthcare settings, further facilitating the market expansion.
 

Technological advancements in medical pendants are anticipated to amplify the market forecasts

Technological developments in medical pendants are anticipated to develop numerous industry growth opportunities, further driving the market potential in the coming years. With ongoing advents in virtual reality technology and continuous development & enhancements in medical equipment have promoted the acceptance rate and utility of these devices. The integration of virtual reality technology in these devices have precisely enhanced the user experience and effectively improved the product usability. Such developments have promoted the surging applicability of medical pendant in numerous fields including surgeries, gynaecology, obstetrics, endoscopy, and other medical speciality fields.
 

Furthermore, novel product launches by key market players are predicted to boost the medical pendant market size. For instance, MediBoom offered by the Ondal Medical Systems GmbH, is a single-arm movable surgical pendant that can be incorporated with M6 MediSound-System. This mechanism is designed using a novel antibacterial composite and is resistant to bacterial growth, further enhancing user safety. Thus, the integration of novel technologies and launch of innovative devices by key industry players is set to drive the adoption of medical pendant in the forthcoming years.
 

Medical Pendant Market Analysis

Based on product, the market is segmented as fixed pendants and movable pendants. The movable pendants segment exceeded USD 338 million in 2021. This dominant market share is owing to the high preference and increasing adoption of movable pendants. Movable pendant includes single-arm and multi-arm medical pendant systems that possess the capabilities of exhibiting flexible movements and optimum performance as they feature pneumatically operated brakes. Also, some of these systems promote easier sterilization and adjustable height arm to gain access to better flexibility. Thus, the healthcare professionals prefer movable pendant systems as compared to fixed pendant systems. The above-mentioned factors are projected to significantly contribute to the industry expansion.
 

Based on installation, the medical pendant market is segmented as ceiling mounted pendants, wall-mounted pendants, and others. The ceiling mounted pendants segment accounted for around 85% of business share in 2021 and is projected to witness robust growth over the analysis timeframe. This significant market share is primarily owing to the numerous clinical advantages offered by ceiling mounted pendants. Ceiling pendants are developed to offer an easy access to medical electrical outlets, gas supply, data connectivity, and are majorly required in operating theatres & ICU. Ceiling pendants feature the rotary design that facilitate horizontal movements and can be regulated using intermediate position with the help of an electric drive. As a result, several clinical benefits are projected to amplify the market outlook.
 

Based on application, the medical pendant market is segmented as intensive care unit (ICU), surgery, anesthesia, endoscopy, and others. The intensive care unit (ICU) segment is poised to reach more than USD 287 million by 2028. This dominant market share is due to the growing prevalence of chronic conditions and increasing utility of ICU in critical disease management & therapeutics. The surging prevalence of chronic disorders including respiratory conditions, trauma events, surgical site infection, and cancer has led to a substantial increase in ICU admissions.
 

According to the National Hospital Ambulatory Medical Care Survey, in 2018, the emergency department accounted for around 130 million visits and approximately 2.3 million patients were admitted in ICU. Thus, the rising number of patients suffering from chronic conditions are expected to drive the demand for medical pendant in ICUs during the foreseeable future.
 

Based on end-use, the market is segmented as hospitals, ambulatory surgical centers, and others. The hospital segment is anticipated to reach more than USD 443 million by 2028. This majority market share is owing to the growing hospital admissions, increased healthcare spending, and surging adoption of these devices in hospitals. High adoption rate of novel devices offering enhanced post-surgical care would drive the patient preference for these healthcare settings. The increasing admissions with surging incidence of critical conditions, trauma events coupled with availability of skilled healthcare workforce are other variable promoting the hospitals segment growth positively. Moreover, the COVID-19 pandemic has further fueled the adoption of this medical equipment in hospitals, thereby fuelling the market statistics in the coming years.
 

U.S. medical pendant market is anticipated to surpass USD 262 million by 2028. The significant market share is attributable to several factors such as the high demand to optimize clinical workflow, rise in incidence of chronic ailments, and growing healthcare expenditure to develop healthcare infrastructure across the country. According to the National Health Expenditures 2017, the U.S. health care spending surged by 3.9% to reach around USD 3.5 trillion.

Further, the hospital care expenditure that accounts for 33% of the total spending increased by 4.6%. The increased healthcare expenditure is expected to drive the product adoption to promote the clinical workflow efficiency across the country.
 

Medical Pendant Market Share

Some of the major players operating in the medical pendant industry are :

• Amico Corporation
• BeaconMedaes
• Bejing Aeonmed
• Dragerwerk AG
• Hutz Medical
• INMED-Karczewscy
• MEDGAS-Technik Gmbh
• Mediland
• Ondal Medical Systems 

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue

Recent industry developments:

• In March 2020, AEONMED Group acquired Heyer Medical AG, a medical device manufacturer of anesthesia machines and medical ventilators. This strategic acquisition helped the company to gain competitive advantage and strengthen its industrial position.
   
• In July 2019, Atlas Copco (parent company of BeaconMedaes LLC) has acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems. This backward integration strategy assisted the company in bolstering its business operations.
   

Medical pendant market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028, for the following segments:

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By Product

• Fixed Pendants
• Movable Pendants
  • Single-arm Movable Pendants
  • Multi-arm Movable Pendants

By Installation

• Ceiling Mounted Pendants
• Wall Mounted Pendants
• Others

By Application

• Intensive Care Unit (ICU)
• Surgery
• Anesthesia
• Endoscopy
• Others

By End-use

• Hospital
• Ambulatory Surgical Centers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE