0

Single-arm Medical Pendant Market Expected to Reach $516 Million by 2030

 
2022
Single-arm Medical Pendant Market

Report Code : A02350

quote the growth of the global single-arm medical pendant market is majorly driven by increase in prevalence of chronic diseases, such as cardiovascular disorders and cancer. Furthermore, rise in geriatric population and increase in number of surgeries across the globe are the other factors that contribute toward growth of the single-arm medical pendant market. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Single-arm Medical Pendant Market by Application, Type, and End User: global opportunity analysis and industry forecast, 2021–2030," the global single-arm medical pendant market size was valued at $278 million in 2020, and is projected to reach $516 million by 2030, registering a CAGR of 6.5% from 2021 to 2030.

Single-arm medical pendant is a system designed to support high load of instruments in areas such as operating theaters or intensive care units. These pendants are provided by highly maneuverable arms with sufficient range to be able to reposition the bed space to suit specific nursing practices without risk of entanglement or occlusion. Single-arm medial pendant provides safe and low risk areas to healthcare professionals, as it is used to improve the efficiency of healthcare professionals while performing surgeries and operations.

Increase in number of patients requiring surgical operations and rise in healthcare facilities such as hospitals and surgical centers boost the growth of the global single-arm medical pendant market. Furthermore, technological advancements in medical pendants is the major factor contributing toward the growth of the global single-arm medical pendant market. In addition, rise in focus on increasing applications of single-arm medical pendant in anesthesia endoscopy is expected to provide beneficial opportunities for the market. However, high cost of single-arm medical pendant system and stringent rules & regulations associated with product approval are major the factors that are expected to hinder the market growth in the upcoming years.

COVID-19 was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans. Lockdown, government regulations regarding the nonessential planned surgeries and procedures based on the need of critical situations, and continuous increase in infection rate across the country created a widespread financial impact on neurology hospitals and clinics. Large number of hospitals and clinics have witnessed a drop in number of patient visits amid COVID-19, ultimately reducing client contact.

The overall impact of COVID-19 remains negative on the medical pendant market, owing to decline in number surgeries. This surgery requires the routine use of reusable surgery equipment for treatment, which can be infected with SARS COV-2 virus. Furthermore, WHO issued guidelines regarding the nonessential planned surgeries and procedures based on the need of critical situations. The guidelines suggest to provide surgical services to patients who require urgent attention and postpone the surgeries if not urgent, which lead to decline in the demand for single-arm medical pendant products.

Thus, decrease in demand for single-arm medical pendant products, as single-arm medical pendant is used in operation theaters during surgical procedures. For instance, as per report from Hong Kong in 2020, based on experience with SARS, the risk of infection is 5% for physicians, 4% for nurses, and 8% for healthcare assistants. It emphasized the importance of practicing strict isolation, infection control measures, and adherence to use of personal protective equipment (PPE). All these factors are anticipated to impact the single-arm medical pendant market.

The global single-arm medical pendant market is segmented into on application, type, end user, and region.

On the basis of application, the market is categorized into surgery, anesthesia, endoscopy, and intensive care unit (ICU). The surgery segment dominated the global market in 2020, and is anticipated to remain dominant during the forecast period. Key factors such as increase in the number of surgeries and rise in health concerns among consumers are expected to drive the market. Furthermore, increase in adoption of movable medical pendant in operation theaters and surgery centers drive the growth of single-arm medical pendant market.

By end user, the market is categorized into hospital, clinics, and others. The hospital segment is anticipated to exhibit significant growth during the forecast period. This is attributed increase in number of patients suffering from cancer, neurovascular disorders, and cardiovascular disorders. Moreover, increase in geriatric population, rapid urbanization & industrialization, rise in per capita income, and high investments in research & development activities to develop single-arm medical pendant system or product drive the growth of the market.

Key Findings Of The Study

  • On the basis of application, the surgery segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • Depending on type, the flexible medical pendant segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • On the basis of end user, the hospital segment was the major share contributor in 2020, and is expected to remain dominant throughout the forecast period.
  • Region wise, North America is expected to experience growth at the highest rate, registering a CAGR of 5.6% during the forecast period.

In 2020, North America accounted for the major share in the single-arm medical pendant market, owing to increase in geriatric population, rise in R&D investments in developments of single-arm medical pendant products, and supportive government initiatives directed to increase the healthcare expenditure. However, Asia-Pacific is projected to register the fastest growth during the forecast period, owing to increase in number of geriatric population, rise in number of people suffering from cancer, and increase in demand for single arm medical pendant system.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Single-arm Medical Pendant Market by Application (Surgery, Anesthesia, Endoscopy, and Intensive Care unit (ICU)), Type (Flexible Medical Pendant and Lifting Medical Pendant), End User (Hospitals, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Single-arm Medical Pendant Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers