Europe Medical Pendant Market Size, Share, Trends & Growth Forecast Report By Application, Type and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, Rest of Europe) – Industry Analysis From 2024 to 2033.

ID: 5252
Pages: 145

Europe Medical Pendant Market Size

The Europe medical pendant market is projected to grow from USD 170.70 million in 2024 to USD 273.56 million by 2033, at a CAGR of 5.38%.

MARKET DRIVERS

Rising Surgical Admissions, Tech Advancements, and Workflow Optimization Propel Demand

Medical pendants are employed by healthcare specialists to advance an efficient workflow by positioning various necessary objects and medical devices while performing surgeries or procedures. They play a vital role in keeping infection prevention and safety in the hospital by ensuring a safe connection to data and power networks.

The increasing number of healthcare professionals and growing healthcare facilities such as hospitals and surgical centers will boost the medical pendant market demand. Increasing hospital admissions due to various chronic diseases that require surgical procedures or interventions will further support market expansion. Additionally, the advent of new technologies related to medical pendant will attract customers worldwide and ultimately contribute to the market growth trends.

Medical pendant systems are used to properly position medical equipment, terminal units, and medical gas equipment. The rising demand for medical pendants is mainly due to their extensive hospital admissions for surgeries. Several medical pendant systems are also equipped with shelves and rails, eliminating trolleys and providing a more expansive workspace. Thus, benefits offered by these systems are expected to fuel market growth.

MARKET RESTRAINTS

High Equipment Costs and Regulatory Barriers Limit Market Adoption

The high cost of medical pendant systems is restraining hospitals from adopting such equipment, further hindering market growth worldwide. Hospitals are thus using alternatives, which is negatively influencing the global market. Moreover, the lack of technical professionals and stringent government regulations have impeded market growth over the years.

COUNTRY LEVEL ANALYSIS

Regionally, Europe is assumed as a developed market and is anticipated to witness significant growth in the forecast period.

UK market revenue was over USD 14 million in 2023. The country's market's substantial size is credited to improving healthcare facilities such as hospitals and surgery centers. The operating theaters and surgery centers require equipment that offers flexibility, high service capacity, and maneuverability. To fulfill these needs, the market players are focusing on delivering technologically advanced medical supply units.

KEY MARKET PLAYERS

Elektra Hellas S.A., Brandon Medical Company Ltd, Unicorn Medicals, Starkstrom Ltd, Hipac, Shanghai PAX Medical Instrument Co., Ltd., Ondal Medical Systems, BeaconMeds, Megasan Medika, and Tedisel Medical S.L. are the key players in the European Medical Pendant market.

MARKET SEGMENTATION

The European Medical Pendant market has been segmented based on application, type, and region

By Application

  • Anesthesia
  • Endoscopy
  • Intensive Care Unit (ICU)
  • Surgery

By Type

  • Fixed
  • Double Multi-Arm
  • Fixed Retractable
  • Single Arm

By Country

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

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