UK Medical Pendant Market Size & Outlook, 2019-2027
UK medical pendant market, 2015-2027 (US$M)
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UK medical pendant market highlights
- The UK medical pendant market generated a revenue of USD 22.8 million in 2019 and is expected to reach USD 37.0 million by 2027.
- The UK market is expected to grow at a CAGR of 6.3% 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 22.8 million |
| Market revenue in 2027 | USD 37.0 million |
| Growth rate | 6.3% (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, UK accounted for 5.8% 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 Europe, Germany medical pendant market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 41.9 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 30.26% in 2019. Horizon Databook has segmented the UK 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 UK is one of the most technologically developed country in Europe, thereby contributing to the increasing healthcare expenditure and heavy investments in research & unconventional therapies aimed at providing comfort to patients.
The prevalence rate of stomach cancer among geriatric people was 75.0% in 2014. Thus, the increasing prevalence of stomach cancer is expected to boost the demand for endoscopy, thereby driving the growth of the market for medical pendants during the forecast period.
Moreover, increasing prevalence of lung cancer in the UK has led to a rise in the number of ICU admissions. This, in turn, is expected to drive market growth during the forecast period. For instance, according to the British Lung Foundation and Cancer Research UK, the number of patients suffering from lung cancer increased in 2014.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into UK medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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UK medical pendant market size, by product, 2015-2027 (US$M)
UK Medical Pendant Market Share, 2019 & 2027 (US$M)
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