Single-Arm Medical Pendant Industry on the Rise: Projected to Reach $516 Million by 2030
According to a new report published by Allied Market Research, titled, “Single-arm Medical Pendant Market by Application, Type, and End User: global opportunity analysis and industry forecast, 2021–2030,” the global single-arm medical pendant market size was valued at $278 million in 2020, and is projected to reach $516 million by 2030, registering a CAGR of 6.5% from 2021 to 2030.
The growth of the global single-arm medical pendant market is majorly driven by increase in prevalence of chronic diseases, such as cardiovascular disorders and cancer. Furthermore, rise in geriatric population and increase in number of surgeries across the globe are the other factors that contribute toward growth of the single-arm medical pendant market.
Single-arm medical pendant is a system designed to support high load of instruments in areas such as operating theaters or intensive care units. These pendants are provided by highly maneuverable arms with sufficient range to be able to reposition the bed space to suit specific nursing practices without risk of entanglement or occlusion.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/2683
Single-arm medial pendant provides safe and low risk areas to healthcare professionals, as it is used to improve the efficiency of healthcare professionals while performing surgeries and operations.
The overall impact of COVID-19 remains negative on the medical pendant market, owing to decline in number surgeries. This surgery requires the routine use of reusable surgery equipment for treatment, which can be infected with SARS COV-2 virus. Furthermore, WHO issued guidelines regarding the nonessential planned surgeries and procedures based on the need of critical situations.
The guidelines suggest to provide surgical services to patients who require urgent attention and postpone the surgeries if not urgent, which lead to decline in the demand for single-arm medical pendant products.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/2683
Key Findings Of The Study
- On the basis of application, the surgery segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
- Depending on type, the flexible medical pendant segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
- On the basis of end user, the hospital segment was the major share contributor in 2020, and is expected to remain dominant throughout the forecast period.
- Region wise, North America is expected to experience growth at the highest rate, registering a CAGR of 5.6% during the forecast period.
𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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