Medical Pendant Market by Product Type (Fixed, Fixed Retractable, Single Arm Movable, Double & Multiarm Movable), by Application (Surgery, Endoscopy, Anesthesia, Intensive Care Unit) and Geography

 

Medical Pendant Market size was valued at USD 395.1 million in 2021 and is expected to reach USD 582.4 million by 2028, at a CAGR of 5.7% during the forecast period 2022-2028. Due to availability of technologically advanced devices, increasing need for low-risk and safe workspace for medical workforce Moreover, increasing demand for the medical support systems with advanced features, rising medical tourism, and increase in government initiatives for the development of medical care are the major factors that are driving the growth of the global medical pendant market over the forecast timeframe. The report studies global market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). The COVID-19 pandemic is likely to have a beneficial impact on the medical pendant business, which is expected to increase rapidly over the next few years. The World Health Organization (WHO) has issued new healthcare recommendations that emphasises the importance of strengthening healthcare systems and ensuring health security during the COVID-19 pandemic. This aspect is projected to fuel demand for improved hospital facilities, propelling market expansion.