U.K. MEDICAL PENDANTS MARKET ANALYSIS

The U.K. Medical Pendants Market is estimated to be valued at US$ 20.1 Million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).

Analysts’ Views on the U.K. Medical Pendant Market:

Medical Pendants are a crucial part of the healthcare infrastructure, especially in hospitals, clinics, and other medical facilities. They are typically used in operating rooms, intensive care units, and patient rooms to carry medical gases, electrical services, and data communication services. U.K. Medical Pendants market is expected to grow significantly due to the increasing demand for technologically advanced medical equipment and the growing need for low-risk and safe workspaces for medical professionals.

Figure 1. U.K. Medical Pendant Market Share (%), By Product Type, 2023

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U.K. Medical Pendant Market - Drivers

• The rising number of cases of infectious diseases: The rising number of cases of infectious diseases, such as pneumonia, cholera, toxic shock syndrome, salmonellosis, COVID-19, and others, is expected to drive the growth of the U.K. Medical Pendants market over the forecast period. For instance, on march 1, 2021, an article published by the Swansea University Medical School, Swansea, U.K., stated that the total number of surgical procedures carried out in England and Wales in 2020 was 3,102,674 compared to the predicted number of 4,671,338. This represents a 33.6% reduction in the national volume of surgical activity. There were 763,730 emergency surgical procedures (13.4% reduction), compared to 2,338,944 elective surgical procedures (38.6% reduction). The cumulative number of cancelled or postponed procedures was 1,568,664.

Figure 2. U.K. Medical Pendant Market Value (US $ Mn), 2018-2030

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Source: Coherent Market Insights Analysis (2023)

• U.K. Medical Pendant Market - Segment Analysis: Among application segment, the surgery segment is estimated to hold a dominant position in the U.K. Medical Pendants market over the forecast period. For instance, According to data published by the BMJ journal, the total number of surgical procedures carried out in England and Wales in 2020 was 3,102,674 compared to the predicted number of 4,671,338. This represents a 33.6% reduction in the national volume of surgical activity.

U.K. Medical Pendant Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdown in various countries across the globe have negatively impacted the financial status of businesses across all sectors. The biotechnology sector is one such sector that has been heavily impacted by the pandemic.

COVID-19 pandemic is the most recent disease outbreak which was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as a pandemic on March 11, 2020. Following the outbreak of COVID-19 in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization (WHO) declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 96.2 million infected individuals worldwide and 3.47 million infected individuals in the U.K., as of January 20, 2021. Furthermore, various medical equipment companies in the U.K. are increased the manufacturing of medical equipment to assess the increasing demand for medical equipment during the COVID-19 pandemic. For instance, in April 2020, Brandon Medical, is a designer & manufacturer of equipment packages for operating theatres, ICU and primary care announced to increase the production of reliable examination lights, minor surgical lighting, intensive care support systems, and other essential medical equipment, which can be of great use in quickly scaling The International Telecommunication Union (ITU) and critical care services, due to increasing demand for medical equipment during the COVID-19 pandemic.

U.K. Medical Pendant Market Segmentation:

The U.K. Medical Pendants market report is segmented into product type and application.

• By product type, the market is segmented into fixed Pendantss, rotary Pendantss, and movable Pendantss. Out of which, the fixed Pendantss segment is expected to hold a dominant position in the U.K. Medical Pendants market during the forecast period, and this is attributed to increasing number of surgeries.
• By application, the market is segmented into surgery, anesthesia, endoscopy, and intensive care unit (ICU). Out of which, the automated diagnostics segment is expected to dominate the market over the forecast period, and this is attributed to increasing funding opportunities for developing operating rooms.
• Among applicatio segments, the surgery segment is expected to dominate the market over the forecast period as Medical Pendants are the equipment used in operation theaters and have a great practical utility. These Pendants are designed to rotate flexibly and enable efficient workflows for the medical staff. Some Pendants are combined with monitoring support and surgical illumination systems, creating a solution to provide all facilities required in the modern minimally invasive suites, as Medical Pendants can be positioned flexibly for optimal utilization of the space available in operating rooms and intensive care units.

U.K. Medical Pendant Market - Cross Sectional Analysis:

These are stationary and are typically used in areas where mobility is not a primary requirement. They are often used in ICUs and recovery rooms. Despite their lack of mobility, they are equipped with multiple arms to hold necessary medical equipment and devices. Rotary Pendants: These Pendants can rotate, providing greater flexibility and efficiency. They are commonly used in operating rooms where a wide range of movement is required. Movable Pendants: These are highly flexible and can be moved around to different locations as per the requirement. They are ideal for emergency rooms and intensive care units where patient conditions can change rapidly.

U.K. Medical Pendants Market: Key Developments

Key companies are focusing on inorganic strategies, such as mergers and collaborations, to strengthen their position in the market.

For instance, in December 2019, IK Investment Partners, a Private equity company has announced that the IK VIII Fund has reached an agreement to acquire Ondal Holding GmbH (“Ondal” or “the Company”), a leading Original Design Manufacturer (“ODM”) of medical pendant systems used mainly in operating rooms and intensive care units, from funds advised by Capvis.

U.K. Medical Pendants Market: Key Trends

• Increasing product launches by market players: Increasing product launches by market players are expected to drive the growth of the market in the near future. For instance, on March 24, 2021, Mindray, a global company in developing and providing medical devices, released a new series of ceiling supply units which exceeds ISO 11197-2019 standards. HyPort R80 is the newest generation of bedside device management systems with innovative designs among lighting system, workflow management and infection control. It helps caregivers provide safer and greater medical care by allowing for a more optimized, comfortable and efficient ICU environment. Available in a variety of customizations, HyPort R80 is now available in multiple European countries such as U.K., Germany, Italy  

U.K. Medical Pendant Market: Restraint

• Decreasing number of surgeries performed  during the pandemic situation: Decreasing number of surgeries performed during the pandemic situation are expected to hamper the market growth in the near future. For instance, according to data published by surveillance of surgical site infections in NHS hospitals in England in July 2022, during the COVID-19 pandemic, many elective surgeries were postponed or cancelled to allow the prioritization of more complex or emergency surgeries. Despite a higher proportion of complex surgeries such as colon surgery compared to the financial year, most surgical categories saw a decrease in Surgical Site Infections risk in financial year 2020 to 2021.

U.K. Medical Pendant Market - Key Players

The major players operating in the U.K. Medical Pendants Market include 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.

Definition: A Medical Pendants is a device that is typically installed in the ceiling of an operating room or other medical environment. It is designed to provide the medical staff with easy access to critical medical gases, electrical outlets, and other necessary equipment.