Medical Pendant Market Size, Share & Trends Analysis Report By Product (Fixed, Fixed Retractable, Single Arm Movable, Double & Multi-arm Movable), By Application, By Capacity, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global medical pendant market size was valued at USD 505.83 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.69% from 2023 to 2030. Growth of the medical pendant market is attributed to growing prevalence of chronic disorders, technological advancements in the medical pendants, rising number of healthcare professionals, clinics, hospitals, and other healthcare centers globally. A medical pendant is used by the healthcare professionals to maintain an efficient workflow by positioning various necessary objects and medical devices while performing surgeries or the procedures. They play a crucial role as they help in maintaining infection prevention and safety in the hospital by ensuring a safe connection to data and power networks.

The COVID-19 outbreak in the year 2020 had a positive impact on the medical pendant market. Due to the major outbreak of this infectious disease, there has been a global demand for the modern healthcare services and infrastructure to treat infected patients that have never been seen before. Therefore, bed head panels, which are an important aspect of the healthcare services, are in high demand around the world as a result of an increase in COVID-19 patients.

The pandemic has also caused a rise in the number of patients with severe respiratory illnesses. Since then, oxygen levels in people with the COVID-19 have dropped, causing breathing difficulties. As a result, medical pendant system, equipped with medical gas supply, aid in the delivery of oxygen to the persons with severe respiratory problems. Therefore, the number of patients requiring critical care and advanced healthcare services during the pandemics has skyrocketed. This in turn is expected to boost growth of the market for medical pendants.

However, the COVID-19 emergency has significantly impacted supply chains between manufacturers and contractors as several industry activities have come to halt around the world. Increasing government support to maintain a steady supply of the medical devices to meet consumer demand is expected to boost the market growth in the coming years. For instance, in September 2022, the Spanish government announced new economic measures for the supply of medical equipment and supplies from the manufacturers to hospitals, public bodies and NGOs. The announcement reduced the VAT to 0% and also minimized VAT on magazines, newspapers and books.

Rising prevalence of the chronic conditions such as neurovascular diseases, cardiovascular disorders, cancer, urological disorders, and other persistent conditions has significantly increased hospital admission rate. Medical pendants are generally used by the healthcare professionals to position a number of medical devices & other necessary objects while performing surgical procedures. In addition, these systems are used for proper positioning of the medical equipment, terminal units, and medical gas. Thus, rising demand for the medical pendants can be mainly attributed to their high adoption for use during surgeries.

At present, a large percentage of the population is at a risk of developing chronic diseases due to the elevated blood pressure, obesity, and smoking. According to the World Health Organization (WHO), chronic disease is responsible for 60.0% of all deaths, worldwide. All cardiovascular diseases together cause around 17.9 million deaths every year globally. Similarly, as per the same source, cancer is the leading cause of mortality all over the world and almost 1 in 6 deaths can be attributed to this disease. Thus, growing hospitalization with increase in chronic disorders is expected to upsurge the installations of medical pendant systems, which in turn is anticipated to drive the market growth.

Rapid technological advancements & innovations in medical pendants are the factors expected to drive growth of the market for these systems, during the forecast period. For instance, advancements have enabled button press-enabled medical pendants to facilitate their arm movement as per user requirement. Medical pendants with various multi-faceted designs & ultra-flexible configurations are commercially available and are mainly focused on meeting specific healthcare requirements.

In line with this, Brandon Medical Co., Ltd. offers Atlas Pendant, which is available as both single and double arm movable pendant. It allows easy cleaning and is designed to support infection control protocols. Ondal Medical Systems GmbH offers MediBoom with Service Head M6, a single arm movable medical pendant that can be integrated with M6 MediSound-System. This system is manufactured using a special antibacterial material and is resistant to harmful bacteria. Moreover, some medical pendants are fully customizable as per the requirements. Thus, technological advancements are expected to boost medical pendant market growth during the forecast period.

The U.S. dominated the market with highest shares of 85.73% in 2022. Increase in the prevalence of several chronic diseases, including cardiac, neurological, and orthopedic disorders, is expected to propel the market. According to CDC, in 2020, chronic disease is the leading causes of death and disability. Six in ten adults in the U.S. have a chronic disease, whereas, four in ten adults are living with two or more.

Thus, growing prevalence of the chronic diseases is expected to boost the number of surgical procedures, which is anticipated to propel demand for the medical pendant in the country. In addition, according to the same source, in 2020, approximately 659,000 people died due to the cardiovascular diseases in the U.S. and by 2030, the number of people with heart diseases is estimated to increase by 46.0%. Hence, increasing prevalence of long-term diseases and complex co morbidities is one of the major drivers as it is leading to an increase in demand for the medical pendant systems.

Furthermore, an important trend in medical pendant market is governments in various organizations seeking to improve healthcare infrastructure. Demand for the specialized healthcare services in developing economies has enhanced the potential demand for the inpatient room care facilities. The trend of payment for a variety of procedures in daycare and patient settings has been strong, driving demand for the better room care services. Furthermore, according to healthcare experts, increase in geriatric population in recent years is a key trend driving revenue growth potential in the medical pendant market.

Co morbid illnesses caused by the lifestyle diseases, including diabetes and obesity, is a contributing factor in the growing hospitalization rate. The COVID-19 pandemic has significantly affected nearly all industries and boosted hospitalization rates. Revenue generation channel for the organizations in the medical pendant industry is likely to be boosted as a result of this. In ICUs, there has been an increase in the number of patients who require respiratory treatment, which has boosted use of the medical pendant systems. Hospitals, on the other hand, are making significant expenditures in enhancing healthcare infrastructure, fueling the medical pendant market.

Product Insights

Based on the product, the medical pendant market has been segmented into fixed medical pendants, fixed retractable medical pendants, single arm movable medical pendants, double & multi-arm movable medical pendants, and accessories. The fixed medical pendant segment held the largest market share of 30.88% in 2022, owing to their increasing adoption in surgeries, endoscopy, anesthesia, and intensive care units.

Fixed medical pendant systems are economic, lightweight, and can be easily installed, which further increases demand for the medical pendant systems in the market. Thus, a growing number of surgical procedures, high prevalence of the chronic diseases, and a rising number of healthcare facilities using fixed pendant systems are driving the segment growth.

However, the market for double and multi-arm movable medical pendants is likely to grow at the highest CAGR of 7.52% during the forecast period. Double and multi-arm movable medical pendant systems are capable of exhibiting multiple movements and optimum performance as they are integrated with the pneumatically operated brakes. Furthermore, the system facilitates easier sterilization. Thus, the healthcare workforce prefers double and multi-arm movable medical pendant systems over fixed medical pendant systems. Some of the key players that offer double and multi-arm movable medical pendants are Elektra Hellas S.A, Skytron LLC, Ondal Medical Systems GmbH, and Starkstrom.

Application Insights

Based on application, the market has been segmented into surgery, endoscopy, anesthesia, Intensive Care Unit (ICU), and others. The surgery segment held the largest market share of 28.99% in 2022, owing to the increasing number of surgical procedures worldwide. For instance, around 310 million major surgeries are carried out every year throughout the world, according to the article "Trauma of Major Surgery" published in the National Center for Biotechnology Information (NCBI) in July 2020.

Almost 30 million kids and teenagers participate in youth sports nationwide each year, according to Weinstein Legal research that was released in March 2020. This may result in surgical emergencies, which will further increase demand for the medical pendant systems. A medical pendant is one of the essentials and offers a qualitative range to perform surgical procedures. Thus, the increasing number of surgical procedures across the globe is expected to fuel the market growth.

The medical pendant market for ICUs is anticipated to witness the fastest growth at a CAGR of 7.27% during the forecast period. Rising prevalence of the chronic conditions, such as respiratory diseases, trauma, surgical site infection, and burn cases, has led to a rise in ICU admissions. According to a report published by Swift Medical, Inc., in 2018, around 305 million burn, acute, and traumatic wounds are recorded worldwide every year.

In addition, as per the Safer America Consumer Safety Information, 1.3 million car accident fatalities are reported worldwide every year. These factors cause an increase in the number of ICU admissions. Thus, a growing number of patients suffering from the chronic diseases are anticipated to augment demand for the medical pendants in ICUs during the forecast period.

Capacity Insights

Low duty medical pendants were observed to lead the market in terms of the product load capacity as they are generally used in emergency rooms, clinics, and surgical centers. The load capacity of low duty medical pendant is around 90-200kgs, allowing for a wide range of light load carrying capacity. The simple design and lightweight of low duty pendant, in addition to low cost, flexibility & greater maneuverability, have resulted in their increased market penetration and product favorability in the overall market.

Majority of the medical pendants being sold come under low duty capacity products as their primary function is to provide storage and support function to surgeons and medical practitioners during a surgical procedure. However, recently specialty clinics, endoscopy centers, and nursing homes have begun to demand low duty products with ergonomic designs and increased functionality such as LED lighting, flexible maneuverability, and others.

The heavy duty medical pendants are anticipated to witness the fastest growth at CAGR of 7.03% during the forecast period. Heavy duty medical pendants are the technologically most advanced and expensive medical pendants, available in the market. Their increased load capacity of more than 600Kgs allow them to cover multiple arms, hoist heavy surgical equipment such as anesthesia machine, patient monitoring devices, dialysis equipment, emergency equipment and much more. Due to their large and complex size, heavy duty pendants are motorized, integrated with multiple LED lightings, and include provision for the electrical components, water, gases and others, to name a few. Such features result in heavy-duty pendants being the product of choice for the installation in ICU and surgical rooms.

End-use Insights

The hospitals segment dominated the market and accounted for more than 46.31% share of the global revenue in 2022, owing to the specialized medical pendants in operation theaters and Intensive Care Units (ICUs). Hospitals are well equipped with high-quality medical equipment to meet & ensure patient requirements and satisfaction, respectively. Double arm medical pendants are widely used in hospitals to supply medical gases required during the surgeries.

For instance, Skytron offers a variety ceiling-mounted pendant system, which allows easy access to displays, lights, medical gases, utilities, and other medical equipment. Thus, increasing use of the medical pendants in operation theaters and ICUs in hospitals is expected to boost market growth during the forecast period.

The clinic segment is the second leading segment after hospitals accounted for more than 38.02% share of the global revenue in 2022. Clinics are outpatient healthcare facilities, wherein patients do not stay for a long period. These facilities have an abundant supply of medical pendants, such as endoscopy and single arm pendants, which have application in various treatments and surgeries.

Moreover, increasing adoption of medical pendants in surgeries, anesthesia, endoscopy, and other healthcare specialties, such as gynecology and obstetrics, has boosted demand for specialized clinics such as gynecology clinics, which are well equipped with medical pendants. Thus, these factors are likely to contribute to the market growth during the forecast period.

Regional Insights

North America dominated the market and accounted for more than 31.23% share of the global revenue in 2022. Presence of the well-established healthcare facilities and easy availability of the advanced technologies as well as high demand for the diagnostic procedures in this region are the factors expected to increase the number of inpatient examinations which is anticipated to boost the market growth. Additionally, countries such as the U.S. and Canada have seen an increase in hospital admissions in recent years, as a result of the high occurrence of the chronic medical diseases & fatal injuries.

Every year, more than a million Americans, undergo joint replacement surgery. Around 720,000 knee replacements and 330,000 hip replacements are included in this figure. Similarly, doctors perform around 500,000 Percutaneous coronary intervention (PCIs) every year. Since mortality due to the heart diseases is increasing, there is a continuous need for the surgical procedures in order to avoid fatalities. Therefore, growing number of surgeries is expected to drive the medical pendant market as this will augment demand for the medical pendant systems.

Asia Pacific medical pendant market, on the other hand, is likely to grow at 7.24% growth rate. Japan, China, and India are the major contributors to Asia Pacific’s medical pendant market. Rapidly developing economies, growing awareness about the healthcare, and aging population are among the key factors boosting the market in this region. Moreover, presence of the high growth opportunities in countries such as Japan, China, and India are likely to contribute to the market growth. Players in these countries have several international tie-ups with major global players. According to the Asian Development Bank estimates, geriatric population is expected to reach about 923.0 million by 2050, in this region.

Key Companies & Market Share Insights

Due to the presence of significant opportunities in developing countries, players are undertaking strategic initiatives, such as product development, geographical expansion, launches, mergers, and acquisitions, to increase industry share. For instance, in September 2021 , Hands Free Health, provider of Well Be, voice-enabled virtual health assistant platform, launched the Well Be Pendant. It is an innovative medical alert device with advanced technology, making it fast and easy to call for the help anywhere on the nationwide cellular network.

Moreover, manufacturers are continuously introducing advanced products to gain a competitive advantage. For example, in December 2020 , Skytron LLC launched the new Freedom Boom, a medical pendant system with enhanced features including: no brakes or buttons to push against pendant arms, Skytron’s unique Active Assist technology, limited space options, and advanced operation rooms. It also provides additional supply connections for the electricity and gas. These advancements are anticipated to boost the market growth during the forecast period. Some of the prominent players in global medical pendant market include:

• Elektra Hellas S.A

• Starkstrom

• Brandon Medical Co. Ltd

• Skytron LLC

• Surgiris

• BeaconMedaes

• MEDIMAXKOREA

• Tedisel Medical

• Ondal Medical Systems GmbH

• Megasan Medikal

Medical Pendant Market Report Scope

Global Medical Pendant Market Segmentation

This report forecasts revenue growth at the global, regional, & country levels and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical pendant market report based on the product, capacity, application, end-use, and region:

• Product Outlook (Revenue USD Million; 2018 - 2030)

  • Fixed

  • Fixed Retractable

  • Single Arm Movable

  • Double & Multi-arm Movable

  • Accessories

• Capacity Outlook (Revenue USD Million; 2018 - 2030)

  • Low Duty

  • Medium Duty

  • Heavy Duty

• Application Outlook (Revenue USD Million; 2018 - 2030)

  • Surgery

  • Endoscopy

  • Anesthesia

  • Intensive Care Unit (ICU)

  • Others

• End-Use Outlook (Revenue USD Million; 2018 - 2030)

  • Hospitals

  • Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE