Report ID: SQMIG35A2278
Report ID:
SQMIG35A2278 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
61 |
Figures:
75
Medical Pendant Market size was valued at USD 0.8 Billion in 2023 and is poised to grow from USD 0.85 Billion in 2024 to USD 1.43 Billion by 2032, growing at a CAGR of 6.70% during the forecast period (2025-2032).
The increasing prevalence of chronic disorders worldwide has led to a higher demand for medical pendants. These pendants are used by healthcare professionals to efficiently position necessary objects and medical devices during surgeries and procedures, ensuring a smooth workflow and maintaining infection prevention and safety in hospitals. Chronic conditions such as neurovascular diseases, cardiovascular disorders, cancer, urological disorders, and other persistent ailments have significantly increased hospital admission rates, driving the adoption of medical pendants. Moreover, the rise in chronic diseases, including cardiovascular diseases and cancer, has resulted in a higher number of hospitalizations globally. This surge in hospitalizations is expected to drive the installation of medical pendant systems, further propelling market growth. Additionally, rapid technological advancements and innovations in medical pendants have contributed to their growing popularity. These advancements have led to the development of highly flexible and customizable medical pendants that cater to specific healthcare requirements, providing improved functionality and infection control. The United States dominated the medical pendant market, accounting for the highest market share in 2022. The country's prevalence of chronic diseases, such as cardiac, neurological, and orthopedic disorders, has contributed to the market's growth. Increasing surgical procedures due to the rising prevalence of chronic diseases further boosts the demand for medical pendants in the country. Governments in various organizations are also investing in healthcare infrastructure improvement, leading to an increased demand for specialized healthcare services and inpatient room care facilities. This trend, along with the growing geriatric population, has further fueled the revenue growth potential in the medical pendant market.
US Medical Pendant Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35A2278