South Korea Medical Pendant Market Size, Share, and COVID-19 Impact Analysis, By Product (Fixed, Fixed Retractable, Single Arm Movable, and Double & Multi-arm Movable), By Application (Surgery and Medical Pendant), and South Korea Medical Pendant Market Industry Trend, Forecasts to 2035

South Korea Medical Pendant Market Insights Forecasts to 2035

• The South Korea Medical Pendant Market Size Was Estimated at USD 14.56 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.63% from 2025 to 2035
• The South Korea Medical Pendant Market Size is Expected to Reach USD 32.68 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Medical Pendant Market Size is anticipated to reach USD 32.68 Million by 2035, growing at a CAGR of 7.63% from 2025 to 2035. The increasing number of medical professionals, clinics, hospitals, and other healthcare facilities worldwide, as well as the growing prevalence of chronic conditions and technical improvements in medical pendants, are all factors contributing to the growth of the medical pendant market.  When doing surgeries or other procedures, healthcare personnel use a medical pendant to position numerous relevant objects and medical devices in order to maintain an effective workflow.

Market Overview

The medical pendant market involves ceiling-mounted systems designed to support medical equipment, manage gas and electrical lines, and improve workflow in operating rooms, ICUs, and emergency departments. These systems enhance safety, space utilization, and accessibility to critical devices, contributing to better patient care. The improved ergonomics, reduced clutter, and enhanced infection control. The growing demand for advanced healthcare infrastructure, especially in developing regions and aging populations. Technological advancements like motorized and modular pendants further expand applications. Government initiatives in South Korea, such as hospital modernization programs, funding for ICU upgrades, and support for smart healthcare infrastructure, are accelerating adoption. Public-private partnerships and health tech incentives also foster innovation and market expansion in the medical pendant segment.

Report Coverage

This research report categorizes the market for South Korea medical pendant market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea medical pendant market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea medical pendant market.

Driving Factors

The rapid increase in chronic diseases and surgical procedures has elevated demand for efficient hospital infrastructure like medical pendants. A growing elderly population further fuels the need for organized, patient centered care environments. Technological advancements such as modular, ceiling mounted, and smart IoT enabled pendants enhance usability, safety, and workflow efficiency in critical care areas like ICUs and operating rooms. The healthcare infrastructure investment and government support for smart hospital development expands the adoption of advanced medical pendant systems.

Restraining Factors

Installing medical pendant systems involves significant capital investment in equipment, ceiling reinforcement, gas and power integration, and ongoing servicing. This financial burden limits adoption, particularly in smaller healthcare facilities and resource constrained regions. Older hospitals often lack the appropriate structural infrastructure and ceiling configurations needed for modern pendants. Retrofitting is expensive and may interrupt operations. Additionally, ensuring interoperability with legacy systems and EHR platforms poses integration hurdles.

Market Segmentation

The South Korea medical pendant market share is classified into product and application.

• The fixed segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea medical pendant market is segmented by product into fixed, fixed retractable, single arm movable, and double & multi-arm movable. Among these, the fixed segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Its reliability, cost effectiveness, and widespread use in standard ICU and operating room setups. Fixed pendants offer stable support for medical gas, electrical connections, and equipment organization, enhancing workflow and safety. Their simpler design and lower maintenance make them ideal for hospitals seeking durable, space saving solutions.

• The surgery segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea medical pendant market is segmented by application into surgery and medical pendant. Among these, the surgery segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The critical need for organized, accessible, and safe equipment management in operating rooms. Medical pendants in surgical settings support anesthesia machines, monitors, and surgical tools, enhancing workflow efficiency and patient safety. As surgical volumes rise driven by aging populations and chronic disease rates hospitals are investing in modern operating room infrastructure.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea medical pendant market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• MC10 Korea
• LG Electronics (via LG Display subsidiary)
• Neofect
• Yuyan Tech
• Laxcen
• Hexoskin
• MetaSkin
• MEZOO Co., Ltd.
• Chowis Co., Ltd.
• CELLHUG
• Samsung Electronics
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea medical pendant market based on the below mentioned segments:

South Korea Medical Pendant Market, By Product

• Fixed
• Fixed Retractable
• Single Arm Movable
• Double & Multi-arm Movable

South Korea Medical Pendant Market, By Application

• Surgery
• Medical Pendant