Canada Medical Pendant Market Size & Outlook, 2019-2027
Canada medical pendant market, 2015-2027 (US$M)
Related Markets
Canada medical pendant market highlights
- The Canada medical pendant market generated a revenue of USD 18.1 million in 2019 and is expected to reach USD 27.0 million by 2027.
- The Canada market is expected to grow at a CAGR of 5.1% 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.
Medical pendant market data book summary
| Market revenue in 2019 | USD 18.1 million |
| Market revenue in 2027 | USD 27.0 million |
| Growth rate | 5.1% (CAGR from 2019 to 2027) |
| Largest segment | Fixed |
| Fastest growing segment | Double and Multi-arm Movable |
| Historical data | 2015 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Canada accounted for 4.6% of the global medical pendant market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. medical pendant market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 166.8 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 28.73% in 2019. Horizon Databook has segmented the Canada 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.
According to the Canadian Institute for Health Information, the use of ICUs in Canada is increasing faster than the acute care hospitalization. In line with this, ICU admissions increased by 12% between 2008 and 2014.
The rising number of ICU admissions has led to an increase in the demand for resource intensive care and specialized treatment. Moreover, growing geriatric population and increasing prevalence of chronic diseases are expected to boost the demand for medical pendants.
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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 country-level data and insights on the Canada medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into Canada medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Canada medical pendant market size, by product, 2015-2027 (US$M)
Canada Medical Pendant Market Share, 2019 & 2027 (US$M)
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