UK Medical Pendant Market How Companies Have Deal with Covid-19 Pandemic and Rebouncing the Growth, Players Brandon Medical, Starkstrom, Pneumatech MGS, Modular Services Company – Medgadget

November 23rd, 2021 Coherent Market Insights Releases
Launch of New Products to Propel Growth of UK Medical Pendant Market
U.K. Medical Pendant Market, by Product Type (Fixed Pendant, Rotary Pendant, and Movable Pendant) and by Application (Surgery, Anesthesia, Endoscopy, and Intensive Care Unit (ICU)) is estimated to be valued at US$ 17.3 Mn in 2020 and is expected to exhibit a CAGR of 5.6% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
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Market Overview:
Medical pendants are systems designed to support high load of instruments in areas such as operating theaters or intensive care units. These pendants are designed to rotate flexibly enable efficient workflows for the medical staff.
Competitive Landscape:
Major players operating in the U.K. medical pendant market include, Brandon Medical, BeaconMedaes, Drägerwerk AG & Co. KGaA, Modular Services Company, Pneumatech Medical Gas Solutions, Starkstrom, Steris, Skytron, LLC, and Trumpf Medical.
Key Market Drivers:
Increasing installation of medical lights is expected to boost demand for lighting suspension pendants, thereby propelling growth of the U.K. medical pendant market over the forecast period. For instance, in 2018, Brandon Medical installed duo structured Quasar surgical light, and two Astramax operating theatre lights at the state of the art Polyclinique Ibn Khaldoun Hospital, Sfax Tunisia.
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Advancements towards improving patient safety through standardization of healthcare delivery is also expected to aid in growth of the market. For instance, in March 2021, Dräger collaborated with the Johns Hopkins University Applied Physics Laboratory on the development of a medical device interoperability reference architecture aimed at improving patient safety through standardization of healthcare delivery.
Covid-19 Impact Analysis
Globally, as of 6:07pm CEST, 21 October 2021, there have been 241,886,635 confirmed cases of COVID-19, including 4,919,755 deaths, reported to WHO. As of 21 October 2021, a total of 6,655,399,359 vaccine doses have been administered. Emergence of Covid-19 has prompted many players in the U.K. medical pendant market to shift their resources towards production of respiratory protection masks. For instance, in August 2020, Dräger started a new production facility in Montgomeryville, Pennsylvania to manufacture and distribute N95 respiratory protection masks.
Key Takeaways
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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