MEDICAL PENDANTS MARKET ANALYSIS

Medical Pendants Market, By Product Type (Fixed Pendants, Rotary Pendants (Single-Arm and Double Multi-Arm), and Movable Pendants (Single-Arm and Double Multi-Arm)), By Application (Surgery, Anesthesia, Endoscopy, and ICU), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Centers, and Others (Academic and Research Institutes and Others)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

On November 7, 2023, TELUS Health, a division of TELUS Corporation, a Canadian publicly traded holding company, launched a next-generation Medical Alert Pendant, a discreet wearable device which is specifically designed to empower older adults to confidently age in place with peace of mind knowing emergency support is available 24/7. The pendant comes with a connected Caregiver App that allows those who care for aging loved ones to receive updates about the user’s daily routines, mobility, and whereabouts when necessary.
In May 2023, HandsFree Health, a provider of WellBe – a secure, HIPAA-compliant, voice-enabled virtual health assistant platform – launched Personal Emergency Response Speaker to its product offering. HandsFree Health provides state-of-the-art, secure, and HIPAA-compliant medical alert devices via smartwatch, pendant – and now – speaker. Each device is independent and available for individual purchase

Acquisition and partnerships

On October 2, 2023, Cordis, a company involved in the development and manufacturing of interventional cardiovascular and endovascular technology, acquired MedAlliance, a Switzerland-based developer of drug-eluting balloon technology. This acquisition has added a key growth driver to the company's coronary and peripheral vascular portfolios as we expect SELUTION SLR (Sustained Limus Release) Drug-Eluting Balloons (DEB) will be the first Sirolimus DEB to market in key geographies.