The global Surgical Booms Market size reached around USD 276.0 Million in 2022. With increasing adoption of modern equipment management systems in hospitals and ambulatory surgical centers, the overall market is projected to grow at a moderate CAGR of 4.7% between 2022 and 2029, surpassing a valuation of USD 380.2 Million by the end of 2029.
| Attribute | Details |
|---|---|
| Surgical Booms Market Estimated Size in 2022 | USD 276.0 Million |
| Surgical Booms Market Projected Size in 2029 | USD 380.2 Million |
| Surgical Booms Market Historical CAGR (2014 to 2021) | 3.7% |
| Surgical Booms Market Value-Based CAGR (2022 to 2029) | 4.7% |
As need for improving the operating room settings intensify, healthcare workers are increasingly adopting new digital equipment such as surgical booms.
These medical equipment have proven effective in reducing the wiring and enhancing the overall safety in operating rooms. Rising adoption of surgical booms across healthcare infrastructure's for improving operating room settings is providing impetus to the growth of surgical booms market.
Regionally, North America will continue to remain at the top of the ladder in global surgical booms market, accounting for a massive share of 51.0% in 2022. Factors such as well-established healthcare infrastructure, adoption of digital equipment in surgical centers and presence of leading medical device companies drive the North America surgical booms market.
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| Particulars | Details |
|---|---|
| H1, 2021 | 4.60% |
| H1, 2022 Projected | 4.68% |
| H1, 2022 Outlook | 4.48% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 20 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 12 ↓ |
According to Future Market Insights' analysis, the global surgical booms market expects to drop by 12 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas in comparison to H1-2022 Projected value, the market during H1-2022 outlook period will show a dip of 20 BPS.
The market is subject to regulatory changes as per the market dynamics such as macroeconomic factors and other related influential industry factors. The key developments in the market include the launch of surgical booms with no-touch or no-button push properties.
The dip in the BPS values for the surgical booms market is associated with the decline in the surgery adoption rates around the globe, as initiated by the lockdown impositions associated with the advent of the COVID-19 pandemic.
However, with growing surgical needs and concerns for patient safety, the utilization of surgical booms is taking a spike, as they aid with time reduction and provide a smooth process flow in the operating room set up. This may present a positive outlook for market expansion during the forecast years.
The global surgical booms market is anticipated to showcase a steady CAGR of 4.7% between 2022 and 2029 in comparison to 3.7% CAGR registered from 2014 to 2021.
As per FMI, the surgical booms market is primarily driven by rising prevalence of chronic diseases, increase in number of surgical procedures and growing adoption of modern operating room equipment in healthcare settings.
Surgical booms are modern day healthcare products designed to ergonomically centralize all surgical support equipment and utility services for operating room support. They have become highly sought-after equipment for proper management of operating rooms on account of their ability to free workspace.
A surgical boom often contains several electric and gas outlets as well as multiple shelves. They are being extensively employed in operating rooms (ORs), intensive care units (ICUs) and emergency rooms for providing access to medical gasses, electric power and audio-visual data services without consuming much space.
They significantly reduce the jumbling caused by cords and thus eliminates the risk of tripping accidents inside OR, OT and ICUs.
Improving the operating room settings as well as enhancing the overall safety has become a priority for healthcare workers. To achieve this, they are adopting modern digital equipment such as surgical booms and lights. This is triggering the growth of surgical booms market.
Rising number of surgical procedures performed around the world is creating lucrative growth avenues within surgical booms market. With growing health awareness, presence of reimbursement policies and increasing disposable income, people are opting for various surgical procedures including plastic surgeries.
Leading market players are introducing innovative products with customized nature. Moreover, sales of refurbished surgical booms are also becoming gaining momentum as an affordable alternative to new costly ones.
Similarly, increasing investments by both national and regional governments for modernizing healthcare settings is anticipated to positively impact the growth of surgical booms market during the forecast period.
Spurred by the aforementioned factors, the market volume for Surgical booms market is set to expand 1.4X through 2029.
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Digitalization has become one of the latest trends which is taking over the healthcare industry. Right from manufacturing medicines and medical devices to performing complicated surgeries in operating rooms, digitalization is becoming an essential tool.
The growing adoption of minimally invasive surgeries (MIS) coupled with advancements in imaging technologies has resulted in an increase in the number of hybrid operating rooms.
With increasing penetration of innovative technologies, operating rooms have evolved tremendously during the last few years. Hospitals are continuously designing rooms with a focus on greater functionality and improved patient comfort. This is fueling the sales of advanced equipment such as surgical booms.
Integrated operating rooms (or digital operating rooms) are growing in popularity around the world. Thanks to integrated operating rooms systems medical personnel have fewer reasons to leave the operating theatre due to direct connectivity with other hospital equipment and information systems through an interface with the OR.
Rising adoption of advanced digital OR systems especially in developing regions is anticipated to provide significant growth opportunities for the surgical booms market over the forecast period.
Over the last few years, there has been a sudden surge in the surgical procedures across the world. Factors such as increasing geriatric population, surge in diseases and accidents, and rising disposable income are acting as catalysts for driving the number of surgical procedures across the world.
The introduction of robotic surgery and growing popularity of minimally invasive surgical procedures are reshaping the healthcare industry. Cosmetic surgeries and plastic surgeries are getting popular among masses.
According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2020 the total number of surgical procedures performed worldwide reached around 10,129,528.
Rising number of procedures in turn is boosting the growth of surgical booms market. Healthcare providers are increasingly employing advanced surgical booms in ORs and OTs for enhancing the overall efficiency and improving patient satisfaction.
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Presence of Leading Market Players Spurring Growth in USA
The USA is home to some of the leading medical device manufacturers such as Boston Scientific and Steris Plc.
Increasing government expenditure on healthcare is one of the main factors supporting the country’s well established and sophisticated medical sector. According to the Centers for Medicare & Medicaid Services (CMS), USA healthcare spending increased 9.7% in 2020, reaching a total of USD 4.1 trillion.
The USA surgical booms market is driven by the expanding healthcare infrastructure, increasing adoption of modern technologies in operating rooms, rising number of minimal invasive surgeries performed and heavy presence of leading market players.
With increasing prevalence of chronic diseases, millions of surgical procedures are performed every year in the United States. This creates huge demand for better surgical equipment including surgical booms.
Moreover, there has been a significant rise in the number of hospitals and hybrid operating rooms across the USA during the last few years. As per American Hospital Association’s (AHA) survey, there were 6090 hospitals in the USA in 2019. Rise in number of hospitals and other healthcare clinics is anticipated to boost the sales of surgical booms in the country.
Leading manufacturers are continuously designing flexible booms that can be customized to fit the needs of OR and ICU environments. This is helping them to woo more and more customers.
A market share of 51.0% has be attributed to the North American surgical booms market, spearheaded by the USA in 2022.
Flourishing Medical Devices Industry Influencing Growth in Germany
As per FMI, surgical booms market in Germany experienced a healthy growth during the last few years and is anticipated to remain one of the leading markets in Europe. Growth in the country in attributable to rise in number of surgeries performed, increasing adoption of integrated ORs and presence of leading market players.
Germany has a very robust and advanced healthcare industry. As per the International Trade Administration, Germany is Europe’s largest medical technology market and third largest in the world after United States and Japan. The country’s expanding healthcare infrastructure is boosting the demand for surgical lights and booms. There were about 494,3000 beds in 1914 hospitals in 2019 across Germany.
Amid growing need for improving operating room efficiency and management, healthcare workers are employing surgical equipment such as booms. This is fueling the growth of surgical booms market in the country.
Moreover, growing inclination towards minimally invasive procedures also favors the adoption of surgical booms and the trend is likely to continue in the future.
A market share of 27.9% has been projected for Europe surgical booms market led by countries like Germany and the UK in 2022.
Surgical Booms will Remain Highly Sought-After Operating Room Equipment in China
China is emerging as one of the largest markets for surgical booms in East Asia. With rapid penetration of modern technologies, majority of the healthcare institutions and ambulatory centers are employing advanced equipment in their intensive care units and operating rooms. Digital transformation across healthcare industry is gaining traction. This is providing impetus to the growth of surgical booms market in China.
Leading China based market players are aiming to penetrate attractive markets of South Asia and MEA for increasing their sales. They are introducing advanced surgical booms at affordable prices. This will accelerate the growth of surgical booms market in the country.
Moreover, increasing investments by government in developing the healthcare infrastructure as well as to tackle the burden of diseases is anticipated to create demand for surgical booms during the forecast period.
Amid increasing adoption of surgical booms in ORs and ICUs, a market share of 10.4% has been predicted for East Asia surgical booms market, dominated by China in 2022.
Custom Surgical Booms Gaining Popularity Among End Users
By product type, the surgical booms market has been segmented into equipment booms, utility booms, anesthesia booms, and custom booms. Among these, utility booms segment accounts for the largest share while as the custom booms segment is anticipated to grow at a faster CAGR over the forecast period.
Customized booms are becoming a norm nowadays in healthcare settings due to the flexibility provided by the manufacturers. Modern operating rooms are being designed according to the wishes and ease are of the customers. As a result, demand for custom booms is gaining traction.
Rising demand for custom surgical booms across various end users will continue to expand the global surgical booms market over the assessment period.
Maximum Sales to Remain Concentrated in Hospitals
On the basis of end user, the surgical booms market has been categorized into hospitals, ambulatory surgical centers, specialty clinics, and hybrid operating rooms. Among these, hospitals segment accounts for the largest market share in 2022 and is projected to grow at a significant rate over the assessment period.
With rapidly rising population and surge in chronic diseases, governments across the world are increasingly focusing on improving the healthcare infrastructure. New hospitals are being established while old ones are being renovated. This is in turn creating demand for surgical booms and other medical equipment.
Besides this, increase in the number of operating rooms across hospitals is positively impacting the overall demand.
Better Safety Benefit Fueling Demand for Roof Mounted Surgical Booms
Based on installation, the surgical booms market has been segmented into roof mounting and floor mounting. Among these, the roof mounting segment is anticipated to account for the largest revenue share by the end of the forecast period.
Demand for roof mounted surgical booms has been rising substantially since the last few years and the trend is likely to continue during the forecast period. These surgical booms are more preferred over floor mounted ones as they have less wires and cords attached and therefore conserve space in operating rooms.
They completely eliminate the risk of tripping over in operating rooms and ensure better safety.
Roof installed surgical booms are especially ideal for electricity and medical gas supply in surgical rooms.
With increase in the number of hybrid operating rooms worldwide, the sales of roof installed surgical booms are projected to rise at a strong pace in future.
Leading players operating in the surgical booms market are constantly introducing new products with enhanced features. They have adopted various strategies such as such as partnerships, advanced product launches, collaborations and acquisitions to gain a competitive edge in the global market.
| Attribute | Details |
|---|---|
| Historical Data Available for | 2014 to 2021 |
| Forecast Period | 2022 to 2029 |
| Market Analysis | Units for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey, Saudi Arabia and South Africa |
| Key Segments Covered | Product, End User, Installation, and Region |
| Key Companies Profiled | CV Medical LLC.;Stryker Corporation; Hill Rom Holdings Inc.; Amico Group of Companies; Steris Plc; Ondal Medical Systems GmbH; Getinge Group; Pratibha Medinox; Skytron LLC; Palakkad Surgical Industries |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The surgical booms market is estimated to be worth around USD 276.0 Million in 2022.
As per FMI, the surgical booms market is forecast to register a CAGR of 4.7% between 2022 and 2029.
The surgical booms market grew at a CAGR of 3.7% between 2014 and 2021.
Growing popularity of integrated operating rooms, rise in number of surgical procedures and introduction of new innovative products are some of the key trends shaping the growth of surgical booms market.
The surgical market in North America accounts for a massive share of 51.0% in 2022.
CV Medical LLC., Stryker Corporation, Hill Rom Holdings Inc., Amico Group of Companies, Steris Plc, Ondal Medical Systems GmbH, Getinge Group, Pratibha Medinox, Skytron LLc, and Palakkad Surgical Industries are some of the leading players operating in the surgical booms market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Surgical Booms Market - Pricing Analysis 6. Global Surgical Booms Market Demand (Value USD Million) Analysis 2014 to 2021 and Forecast 2022 to 2029 7. Market Background 8. Global Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029, by Product Type 8.1. Equipment Booms 8.2. Utility Booms 8.3. Anesthesia Booms 8.4. Custom Booms 9. Global Surgical Booms Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Installation 9.1. Roof mounting 9.2. Floor mounting 10. Global Surgical Booms Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End User 10.1. Hospitals 10.2. Ambulatory Surgical Centers 10.3. Specialty Clinics 10.4. Hybrid Operating Rooms 11. Global Surgical Booms Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East & Africa (MEA) 12. North America Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 13. Latin America Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 14. Europe Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 15. South Asia Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 16. East Asia Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 17. Oceania Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 18. Middle East and Africa Surgical Booms Market Analysis and Volume (Units) 2014 to 2021 and Forecast 2022 to 2029 19. Market Structure Analysis 20. Competition Analysis 20.1. CV Medical 20.2. Trumpf Medical 20.3. Stryker Corporation 20.4. STERIS Plc 20.5. SKYTRON llc 20.6. Amico Corporation 20.7. Ondal 20.8. Pratibha Medinox 20.9. Palakkad Surgical Industries Pvt. Ltd 20.10. Getinge AB 20.11. MAQUET Holdings 21. Assumptions and Acronyms Used 22. Research Methodology
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Surgical Booms Market
