According to the recent research report titled ‘Medical Pendant Market Size By Product, By Installation, By Application, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global medical pendant market is projected to record substantial growth during 2020-2026.
 

Rising number of healthcare facilities globally, surging demand for medical pendant systems, growing number of hospital admissions, and recent technological advancements are the primary factors driving the growth of global medical pendant market.
 

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Medical pendant are medical equipment that can hold anything a doctor might require while operating a patient. This equipment ensure connection to power and data networks and are within the reach of the doctor. They also ensure continuous supply of various medical gases to patient, enabling flexible and stable platform for a wide range of medical devices and accessories.
 

However, stringent regulations imposed by government and high cost of medical pendant may impede the market growth, claims the report.
 

Based on product type, global medical pendant market is divided into movable and fixed pendant. The movable pendant segment was worth USD 286.7 million in the year 2019 and is anticipated to register decent growth over the analysis period.
 

Speaking of installation, the industry is bifurcated into wall mounted pendant, ceiling mounted pendant, and others. In 2019, the wall mounted pendant segment was worth USD 58.3 million and is expected to register a CAGR of 7% over the study period.
 

Elaborating on application spectrum, the market is divided into endoscopy, anesthesia, general surgery/operating theaters, ICU, and others. Anesthesia segment accounted for USD 60.1 million in 2019 and is likely to grow modestly over the forthcoming years.
 

Moving on to end-use scope, the industry is categorized into ambulatory surgical centers, hospitals, and others. In 2019, ambulatory surgical centers segment was worth USD 119.3 million and is expected to record substantial growth over the assessment period.
 

Citing the regional landscape, LATAM market was valued at USD 26.5 million in 2019 and is projected to expand with a CAGR of 8.5% over the forecast timespan. Middle East & Africa industry was worth USD 18.6 million in 2019 and is likely to record 8% CAGR over the analysis period.
 

Major players in global medical pendant market are Trumpf Medical, Tedisel Medical, SURGIRIS, STERIS plc., Starkstrom Ltd., SKYTRON, LLC, S.I.M.E.O.N. Medical GmbH & Co. KG, Silbermann Technologies, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SHANGHAI PAX MEDICAL INSTRUMENT CO., LTD., SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, PNEUMATIK BERLIN GmbH, Pegisdan, PANALEX MEDICAL LIMITED, Ondal Medical Systems GmbH, NOVAIR MEDICAL, Modular Services Company, Megasan Medikal, Mediland Enterprise Corporation, Medical Technologies LBI, MEDGAS-Technik GmbH, INMED-Karczewscy, Hutz Medical, Dragerwerk AG & Co. KGaA, DANMEDICS Medical Engineering GmbH, Brandon Medical, BEIJING AEONMED CO., LTD., BeaconMedaes, and Amico Corporation (Amico Group of Companies).