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)

Global Medical Pendants Market Regional Insights

North America is expected to be the largest market for medical pendants during the forecast period, which accounted for over 39.8% of the market share in 2023. The growth of the market in North America is attributed to the large spending on research and development activities by both private companies and academic institutions.
Europe is expected to be the second-largest market for medical pendants, which accounted for over 29.8% of the market share in 2023. The growth of the market in Europe is attributed to the rising healthcare expenditure and the presence of key players in the region.
Asia Pacific is expected to be the fastest-growing market for medical pendants, which is expected to grow at a CAGR of over 8.9% during the forecast period. The growth of the market in Asia Pacific is attributed to the growing advancements in medical pendants, thus making it affordable to domestic customers.

Figure 1. Global Medical Pendants Market Share (%), by Region, 2023

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East