The size of the Medical Pendant Market in North America is growing at a promising growth rate and developing at a rapid pace.
Some of the key drivers for the North American medical pendant market include advances in medical pendant technologies, an increase in the number of healthcare and medical professionals, and medical facilities such as hospitals, clinics, other medical centers, and an increase in demand for medical pendants. In addition, the rising use of these products in various sectors such as surgeries, endoscopy, gynecology, obstetrics, anesthesia, and other medical specialist domains is further projected to support market expansion during the forecast period.
Furthermore, during the forecast period, increased integration of new technologies and the launch of these advanced goods are likely to boost demand in the North American medical pendant market. In addition, increasing the number of surgeries and upgrading healthcare infrastructure for better workflow, improving support from the governments for maintaining a steady supply of medical equipment to fulfill consumer demand are estimated to favor the market's growth rate during the forecast period.
Technological advancements and innovations in medical pendants are a big plus to market growth. Commercially accessible medical pendants come in various multi-faceted forms and ultra-flexible configurations and are primarily designed to address specific healthcare needs.
On the other hand, governments have subjected medical procedures and elective surgeries to restrictions and bans. These limits have hindered the demand for single-arm medical pendants. In addition, single-arm medical pendant equipment manufacturers are experiencing issues such as in-person product demonstrations and operating their facilities at total capacity due to these restrictions.
Regionally, the North American regional market is predicted to showcase domination in the global medical pendant market throughout the forecast period due to the growing number of hospitals and developing healthcare infrastructure. According to the American Hospital Association's 2022 census, approximately 6,090 hospitals in the United States in 2019.
The United States is predicted to lead the North American market, followed by Canada, owing to the availability of technologically advanced medical pendant products, rising healthcare expenditure in the region, and the presence of well-trenched healthcare and medical facilities and infrastructure.
Elektra Hellas S.A., Brandon Medical Company Ltd, Unicorn Medicals, Starkstrom Ltd, Hipac, Shanghai PAX Medical Instrument Co., Ltd., Ondal Medical Systems, BeaconMeds, Megasan Medika, and Tedisel Medical S.L. are the key players in the North America Medical Pendant market.
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