U.S. Medical Pendant Market Size & Outlook, 2019-2027
U.S. medical pendant market, 2015-2027 (US$M)
Related Markets
U.S. medical pendant market highlights
- The U.S. medical pendant market generated a revenue of USD 106.9 million in 2019 and is expected to reach USD 166.8 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.7% 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 106.9 million |
| Market revenue in 2027 | USD 166.8 million |
| Growth rate | 5.7% (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, U.S. accounted for 27.2% 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 |
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U.S. 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 29.47% in 2019. Horizon Databook has segmented the U.S. 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 U.S. holds a larger share of the medical pendant market in North America. Increasing burden of critical diseases, along with growing need for critical care, is expected to propel the demand for medical pendants during the forecast period. According to a study by the University of California, San Francisco, about 4 million people are admitted in the Intensive Care Unit (ICU) every year.
Treatments offered in ICUs include intensive or invasive monitoring, comprehensive management of injury or illness, and stabilization of acute or life-threatening medical problems, among others. Moreover, increasing number of hospitals & ICUs is expected to boost market growth during the forecast period.
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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 U.S. medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into U.S. medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. medical pendant market size, by product, 2015-2027 (US$M)
U.S. Medical Pendant Market Share, 2019 & 2027 (US$M)
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