“Global Medical Pendant market is anticipated to surpass USD 200 Million by 2030”, says Visiongain
15 October 2019
Visiongain has launched a new pharma report ‘’Medical Pendant Market Report 2020-2030’’ by Product (Fixed, Fixed Retractable, Single Arm Movable, Double & Multiarm Movable, Accessories), Application (Hospitals, Clinics), and Geography.
The global medical pendant market is anticipated to grow on account of increasing demand for sophisticated medical support technologies. The global Medical Pendant market is anticipated to grow at a lucrative CAGR of 7.3% and anticipated to surpass USD 200 Million by 2030.
A medical pendant is a wireless device intended to alert healthcare staff to an emergency or danger that needs urgent care. Medical pendant systems can be costly and involve the correct operation and installation by skilled engineers. Medical pendants can be bifurcated into active and passive alarm devices. Active systems involve the user's momentum to activate the alarm, while the passive device monitors the wearer and increases an alarm due to the absence of operation or failure.
The adoption of medical pendant technologies is fueled by the effective results obtained in endoscopy and surgery. Another factor driving the market is an increasing demand for sophisticated medical support technologies. Furthermore, the adoption of these systems is encouraged by innovation and technological advances that allow medical pendant systems to alert near and dear ones in case of emergency by pressing a button.
North America holds the majority of market share followed by Europe and will continue to dominate in the future as a result of several research projects in the region, coupled with funding for research institutes from the government. Also, the market will continue to be driven by the existence of the target population and increased R&D investment by important business organizations. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to the growing presence of cancer cases in markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost medical pendant market growth over the forecast period. Also, the presence of favorable public policies, such as the Indian government's initiative on indigenous medical equipment manufacturing, is expected to give a boost to the growth of the Indian medical pendant market.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations and launching new products to strengthen their position in the global circulating tumor cells market. Companies are also increasing their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the market.
The comprehensive market report features companies such as BeaconMedæs, Brandon Medical Co Ltd, Elektra Hellas S.A., Hipac, Medilon, MEDIMAXKOREA, Megasan Medikal, Ondal Medical Systems GmbH, Skytron LLC, Starkstrom, Surgiris, Tedisel Medical, and Unicorn Medicals among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020–2030 for global markets such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, India, Japan, China, Australia, ASEAN, GCC, South Africa and North Africa.
Notes for Editors
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