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Medical Pendant Market Growth, Trends, Size, Share and Forecast to 2023
1. Market Research Future
Medical Pendant Market vis expected to expand at 7.8% CAGR during the forecast
period 2019 to 2023
Medical Pendant Market – Scenario
The Global Medical Pendant Market is presumed to garner USD 149.01 million during the
forecast period (2017-2023). The market is anticipated to register 7% CAGR owing to the
technological advancements, asserts Market Research Future (MRFR). Medical pendant is
referred to as a wireless device which is designed to alert the healthcare professionals about
the occurrence of any hazard or emergency which require immediate attention. A medical
pendant system is usually installed on the ceiling of a hospital with a strong body system
which is built of supporting rods and stainless-steel extensions. They are compact with
customizable configurations to fulfill the requirements of healthcare centers and hospitals.
The growing need for low-risk and safe workspace for medical workforce is fueling the global
medical pendant market during the assessment period. Technological advancements such as
button-press enabled medical pendants which facilitate the system’s arm movement are
further fostering the global market. Devices with multifaceted designs and ultra-flexible
configurations are commercially available which focuses on fulfilling the requirements of the
healthcare specialties. Such devices are expected to gain traction across the globe which is
further likely to trigger the market growth in the coming years. Moreover, growing demand
for medical pendants in the ICU and operating theatres are likely to spur the market growth.
On the flip side, high cost of medical pendants coupled with the lack of professional technicians
are anticipated to impede the market growth in the coming years.
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Key Players
The noteworthy players operating the global medical pendant market are MEDIMAXKOREA,
Starkstrom, Tedisel Medical, Megasan Medikal, Surgiris, Brandon Medical Co. Ltd.,
BeaconMedæs, Skytron LLC, Elektra Hellas S.A., and Ondal Medical Systems GmbH.
Industry Updates:
2. Market Research Future
March 21, 2018: Designed for seniors, TruSense, a smart home monitoring solution, has
recently announced that it has added its first-ever smart personal emergency response
pendant which combine GPS with notification when it is not being worn, thus extending
protection even when outside the home. TruSense GPS Smart Pendant works in combination
with TruSense Home. The combination offers customized alerts whenever the pendant is not
being worn, thereby eradicating all the false sense of security created.
Segments:
The global medical pendant market has been segmented on the basis of product, application,
and region.
By mode of product, the global medical pendant market has been segmented into fixed
pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm
movable pendants, and accessories. Among these, the fixed pendants hold the largest market
share, whereas the single arm moveable pendants account for the fastest growing segment.
By mode of application, the global medical pendant market has been segmented into hospital,
clinics and others. The hospital segment is further sub-segmented into intensive care unit
(ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among
these, the clinics segment is expected to be the fastest growing segment.
Regional Wise Analysis:
Geographically, the global medical pendant market span across major four regions, namely
Europe, America, Asia Pacific, and the Middle East & Africa.
The North American region in the Americas is presumed to dominate the global medical
pendant market in terms of revenue owing to the presence of world class healthcare
infrastructure, advanced facilities, top notch healthcare practices, and strict mandates from
the regulating authorities.
The Asia Pacific region is anticipated to account for the fastest growth owing to the rapid
growth in the healthcare infrastructure, increased spending, and government initiatives and
focus on better healthcare practices owing to the rising medical tourism industry.
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