[220 Pages Report] The global Surgical Booms Market size reached around US$ 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 US$ 380.2 Million by the end of 2029.
Attribute | Details |
---|---|
Surgical Booms Market Estimated Size in 2022 | US$ 276.0 Million |
Surgical Booms Market Projected Size in 2029 | US$ 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.
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 U.S.”
The U.S. 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), U.S. healthcare spending increased 9.7% in 2020, reaching a total of US$ 4.1 trillion.
The U.S. 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 U.S. during the last few years. As per American Hospital Association’s (AHA) survey, there were 6090 hospitals in the U.S. 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 U.S. 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 U.K. 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 | 2014-2021 |
Forecast Period | 2022-2029 |
Market Analysis | Units for Volume and US$ 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 US$ 276.0 Mn 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
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
4. Key Success Factors
5. Global Surgical Booms Market - Pricing Analysis
6. Global Surgical Booms Market Demand (Value US$ Mn) Analysis 2014-2021 and Forecast, 2022-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2021
6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Healthcare Expenditure Outlook
7.2. Forecast Factors - Relevance & Impact
7.2.1. Rising number of modern Operating Rooms
7.2.2. Increasing demand for therapeutic assist devices
7.2.3. Technological advancements in Surgical Booms
7.2.4. Growing product penetration
7.2.5. Increase in healthcare expenditure
7.3. Install Base Scenario by Region
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
8. Global Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) By Product Type, 2014 - 2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2022 - 2029
8.3.1. Equipment Booms
8.3.2. Utility Booms
8.3.3. Anesthesia Booms
8.3.4. Custom Booms
8.4. Market Attractiveness Analysis By Product Type
9. Global Surgical Booms Market Analysis 2014-2021 and Forecast 2022-2029, by Installation
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Installation, 2014 - 2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Installation, 2022 - 2029
9.3.1. Roof mounting
9.3.2. Floor mounting
9.4. Market Attractiveness Analysis By Installation
10. Global Surgical Booms Market Analysis 2014-2021 and Forecast 2022-2029, by End User
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By End User, 2014 - 2021
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2022 - 2029
10.3.1. Hospitals
10.3.2. Ambulatory Surgical Centers
10.3.3. Specialty Clinics
10.3.4. Hybrid Operating Rooms
10.4. Market Attractiveness Analysis By End User
11. Global Surgical Booms Market Analysis 2014-2021 and Forecast 2022-2029, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2021
11.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022 - 2029
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. South Asia
11.3.5. East Asia
11.3.6. Oceania
11.3.7. Middle East & Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
12.3.1. By Country
12.3.1.1. U.S.
12.3.1.2. Canada
12.3.2. By Installation
12.3.3. By Product Type
12.3.4. By End User
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Installation
12.4.3. By Product Type
12.4.4. By End User
12.5. Drivers and Restraints - Impact Analysis
13. Latin America Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Installation
13.3.3. By Product Type
13.3.4. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Installation
13.4.3. By Product Type
13.4.4. By End User
13.5. Drivers and Restraints - Impact Analysis
14. Europe Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. Italy
14.3.1.3. France
14.3.1.4. U.K.
14.3.1.5. Spain
14.3.1.6. Russia
14.3.1.7. BENELUX
14.3.1.8. Rest of Europe
14.3.2. By Installation
14.3.3. By Product Type
14.3.4. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Installation
14.4.3. By Product Type
14.4.4. By End User
14.5. Drivers and Restraints - Impact Analysis
15. South Asia Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Indonesia
15.3.1.4. Malaysia
15.3.1.5. Rest of South Asia
15.3.2. By Installation
15.3.3. By Product Type
15.3.4. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Installation
15.4.3. By Product Type
15.4.4. By End User
15.5. Drivers and Restraints - Impact Analysis
16. East Asia Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Installation
16.3.3. By Product Type
16.3.4. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Installation
16.4.3. By Product Type
16.4.4. By End User
16.5. Drivers and Restraints - Impact Analysis
17. Oceania Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
17.3.1. By Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. By Installation
17.3.3. By Product Type
17.3.4. By End User
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Installation
17.4.3. By Product Type
17.4.4. By End User
17.5. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Surgical Booms Market Analysis and Volume (Units) 2014-2021 and Forecast 2022-2029
18.1. Introduction
18.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021
18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. South Africa
18.3.1.3. Turkey
18.3.1.4. Northern Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. By Installation
18.3.3. By Product Type
18.3.4. By End User
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Installation
18.4.3. By Product Type
18.4.4. By End User
18.5. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Share Analysis of Top Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Deep Dive
20.2.1. CV Medical
20.2.1.1. Overview
20.2.1.2. Product Portfolio
20.2.1.3. Financial Outlook
20.2.1.4. Sales Footprint
20.2.1.5. Analyst Commentary
20.2.2. Trumpf Medical
20.2.2.1. Overview
20.2.2.2. Product Portfolio
20.2.2.3. Financial Outlook
20.2.2.4. Sales Footprint
20.2.2.5. Analyst Commentary
20.2.3. Stryker Corporation
20.2.3.1. Overview
20.2.3.2. Product Portfolio
20.2.3.3. Financial Outlook
20.2.3.4. Sales Footprint
20.2.3.5. Analyst Commentary
20.2.4. STERIS Plc
20.2.4.1. Overview
20.2.4.2. Product Portfolio
20.2.4.3. Financial Outlook
20.2.4.4. Sales Footprint
20.2.4.5. Analyst Commentary
20.2.5. SKYTRON llc
20.2.5.1. Overview
20.2.5.2. Product Portfolio
20.2.5.3. Financial Outlook
20.2.5.4. Sales Footprint
20.2.5.5. Analyst Commentary
20.2.6. Amico Corporation,
20.2.6.1. Overview
20.2.6.2. Product Portfolio
20.2.6.3. Financial Outlook
20.2.6.4. Sales Footprint
20.2.6.5. Analyst Commentary
20.2.7. Ondal
20.2.7.1. Overview
20.2.7.2. Product Portfolio
20.2.7.3. Financial Outlook
20.2.7.4. Sales Footprint
20.2.7.5. Analyst Commentary
20.2.8. Pratibha Medinox,
20.2.8.1. Overview
20.2.8.2. Product Portfolio
20.2.8.3. Financial Outlook
20.2.8.4. Sales Footprint
20.2.8.5. Analyst Commentary
20.2.9. Palakkad Surgical Industries Pvt. Ltd
20.2.9.1. Overview
20.2.9.2. Product Portfolio
20.2.9.3. Financial Outlook
20.2.9.4. Sales Footprint
20.2.9.5. Analyst Commentary
20.2.10. Getinge AB
20.2.10.1. Overview
20.2.10.2. Product Portfolio
20.2.10.3. Financial Outlook
20.2.10.4. Sales Footprint
20.2.10.5. Analyst Commentary
20.2.11. MAQUET Holdings
20.2.11.1. Overview
20.2.11.2. Product Portfolio
20.2.11.3. Financial Outlook
20.2.11.4. Sales Footprint
20.2.11.5. Analyst Commentary
21. Assumptions and Acronyms Used
22. Research Methodology
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