According to Coherent Market Insights, the U.K. medical pendant market is estimated to be valued at US$ 17.3 million in 2020 and is expected to exhibit a CAGR of 5.6% during the forecast period (2020-2027).
Key Trends and Analysis of the U.K. Medical Pendant Market:
Medical pendant is an indispensable gas supply medical device in the modern operating rooms of hospitals. It is mainly used for the terminal transfer of oxygen, compressed air, nitrogen, and other medical gases in the operating room. It is mainly controlled by the motor to lift the platform, which is safe and reliable.
The U.K medical pendant market is expected to exhibit significant growth, owing to increasing demand for medical pendant in intensive care units and operating theaters due to increasing admission of hospitalization due to healthcare associated infections. The increasing incidence of healthcare associated infections is a major factor fueling the growth of this market. For instance, according to the British Medical Association report 2019, in 2016/2017, there were an estimated 653,000 HCAIs among the 13.8 million adult inpatients in NHS general and teaching hospitals in England, of which 22,800 patients died as a result of healthcare associated infection.
Moreover, according to the same source, in 2017, HCAIs accounted for 5.6 million occupied hospital bed days and 62,500 days of absenteeism among front-line healthcare professionals due to spread of HCAI while treating patients. Such factors are expected to increase the demand for medical pendant in intensive care units and operation theaters. Many hospitals are focusing on installing an innovative pendant systems in their important departments such as Critical Care and Intensive Treatment Units. For instance, in 2016, St Mary's Hospital, Paddington equipped novel foot-of-bed pendant system, which was developed and supplied by Brandon Medical to meet the requirements for an integrated patient information system.
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Key Market Takeaways:
The U.K. medical pendant market value is expected to exhibit a CAGR of 5.6% during the forecast period due to increasing product launches by key players operating in this market.
Key manufacturers in the U.K. assessing the surge in market demand of medical equipment due to covid-19 pandemic. In April 2020, Brandon Medical increased production of reliable examination lights, minor surgical lighting, intensive care support systems, and other essential medical equipment, which are useful in quickly scaling ITU and critical care services, due to increasing demand for medical equipment during the COVID-19 period.
Key players operating in U.K. medical pendant market are Steris, Drägerwerk AG & Co. KGaA, BeaconMedaes, Brandon Medical, Starkstrom, Pneumatech MGS, Modular Services Company, Skytron, LLC, Trumpf Medical, and S.I.M.E.O.N. Medical GmbH & Co. KG.
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U.K. Medical Pendant Market, By Product Type:
U.K. Medical Pendant Market, By Application:
Intensive Care Unit (ICU)
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