Asia Pacific Medical Pendant Market Size & Outlook
Asia Pacific medical pendant market, 2015-2027 (US$M)
Related Markets
Asia Pacific medical pendant market highlights
- The Asia Pacific medical pendant market generated a revenue of USD 88.5 million in 2019.
- The market is expected to grow at a CAGR of 6.8% from 2020 to 2027.
- In terms of segment, fixed was the largest revenue generating product in 2019.
- Double and Multi-arm Movable is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 88.5 million |
| Market revenue in 2027 | USD 149.9 million |
| Growth rate | 6.8% (CAGR from 2019 to 2027) |
| Largest segment | Fixed |
| Fastest growing segment | Double and Multi-arm Movable |
| Historical data covered | 2015 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed, Fixed Retractable, Single Arm Movable, Double and Multi-arm Movable, Accessories |
| Key market players worldwide | Starkstrom Group, Brandon Medical, Skytron, Surgiris, BeaconMedaes, Tedisel Medical, Ondal Medical Systems, Megasan Medikal |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.5% of the global medical pendant market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 149.9 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical pendant market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical pendant market will help companies and investors design strategic landscapes.
Fixed was the largest segment with a revenue share of 31.98% in 2019. Horizon Databook has segmented the Asia Pacific medical pendant market based on fixed, fixed retractable, single arm movable, double and multi-arm movable, accessories covering the revenue growth of each sub-segment from 2015 to 2027.
The medical pendant market in Asia Pacific is expected to grow at the highest rate during the forecast period owing to factors such as favorable government initiatives pertaining to the adoption of medical devices, increasing geriatric population, and rising healthcare expenditure.
Moreover, presence of high growth opportunities in countries such as Japan, China, and India are likely to contribute to market growth. Players in these countries have several international tie-ups with major global players.
It further stated that aging population accounted for 4.8% of the total population in Malaysia in 2010 and is expected to increase to 15.0% by 2050. Stomach cancer is the fourth most common type of cancer prevalent in Asia Pacific. It is considered to be the third leading cause of death in this region, after lung and breast cancer.
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Our clientele includes a mix of medical pendant market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical pendant market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical pendant market size, by country, 2015-2027 (US$M)
Asia Pacific Medical Pendant Market Share, 2019 & 2027 (US$M)
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