The Medical Pendant Market size in Europe is projected to expand at a brisk pace from 2020 to 2025.
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.
The high cost of medical pendant systems is restraining the hospitals from adopting such equipment, further hindering the market growth across the globe. Hospitals are thus using alternatives, which is negatively influencing the global market. Moreover, the lack of technical professionals and stringent government regulations impedes market growth over the years.
The European Medical Pendant market has segmented based on application, type, and region:
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 2019. 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.
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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Intensive Care Unit (ICU)
5.1.6 Y-o-Y Growth Analysis, By Application
5.1.7 Market Attractiveness Analysis, By Application
5.1.8 Market Share Analysis, By Application
5.2.2 Single Arm
5.2.3 Double Arm
5.2.4 Fixed Arm
5.2.5 Fixed-Retractable Arm
5.2.6 Y-o-Y Growth Analysis, By Type
5.2.7 Market Attractiveness Analysis, By Type
5.2.8 Market Share Analysis, By Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Brandon Medical Company Ltd
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Elektra Hellas S.A.
8.5 Ondal Medical Systems
8.6 Megasan Medika
8.7 Shanghai PAX Medical Instrument Co., Ltd.
8.8 Starkstrom Ltd
8.9 Tedisel Medical S.L.
8.10 Unicorn Medicals
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures