China Medical Pendant Market Size & Outlook, 2019-2027
China medical pendant market, 2015-2027 (US$M)
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China medical pendant market highlights
- The China medical pendant market generated a revenue of USD 15.3 million in 2019 and is expected to reach USD 28.4 million by 2027.
- The China market is expected to grow at a CAGR of 8.1% 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 15.3 million |
| Market revenue in 2027 | USD 28.4 million |
| Growth rate | 8.1% (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, China accounted for 3.9% 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 Asia Pacific, China medical pendant market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 28.4 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 33.33% in 2019. Horizon Databook has segmented the China 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 China is expected to witness a higher growth during the forecast period due to high unmet needs of the huge population base in the country. Moreover, healthcare reforms in China are expected to exhibit substantial growth. China has been one of the fastest-growing economies in the world and became the world's second largest medical device market in 2017.
Rising number of hospitals, along with increasing healthcare expenditure, is expected to propel the demand for medical pendants in China during the forecast period. According to International Trade Administration (ITA) data, China had nearly 27,360 hospitals in 2016.
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Target buyers of China medical pendant market databook
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Our clientele includes a mix of medical pendant market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into China medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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China medical pendant market size, by product, 2015-2027 (US$M)
China Medical Pendant Market Share, 2019 & 2027 (US$M)
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