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Surgical Boom Market Size will grow significantly from 2022 to 2028 with the rising prominence of hybrid and integrated operating rooms. Advancements in imaging technologies and speech recognition solutions will boost the industry outlook.
An uptick in the number of surgical procedures owing to the prevalence of diabetes and obesity will encourage surgical boom manufacturers to expand their penetration. Booms are pivotal to maximize space in surgical suites. Recently, high-tech booms have gained prominence to do away with the need for video carts and allow physicians or nurses to control equipment from a single location. Surgical booms will continue to be sought within the healthcare settings for easy access to audio-visual data services, electrical power and medical gases.
Based on product type, surgical equipment boom will account for a considerable share of the global market over 2022-2028. Equipment, such as insufflations, cameras and electrosurgical units, among others, will be highly sought-after for greater flexibility. The equipment boom will gain prominence to free the workspace for increased safety and provide support for other equipment through the operating room.
With respect to end-use, global surgical boom market share from hospitals will grow on account of the expansion of healthcare facilities and rising demand for surgical procedures. Surgical boom accessories are likely to be sought across hospital settings. Given the construction of surgical sites and surge in renovation projects, surgical boom systems are expected to be noticeable across hospitals.
In terms of region, North America surgical boom market outlook will be strong on the back of robust healthcare budgets in the U.S. and Canada. Industry players are likely to invest in anesthesia and equipment booms to gain a competitive edge. Besides, surging demand for minimally invasive surgical techniques will also solidify the position of North America in the industry. Governments are likely to infuse funds into surgical equipment booms amidst the surging geriatric population.
The competitive landscape suggests global surgical boom industry players are likely to invest in mergers & acquisitions, product launches, innovations and technological advancements. Some of the leading companies in the landscape are Stryker Corporation, Steris Corporation, Skytron, Maquet Holdings, Amico and Trumpf Medical, among others.
In November 2020, Steris Corporation announced the acquisition of Key Surgical to boost its global reach and product offerings.
In January 2021, Stryker Corporation announced it acquired OrthoSensor, Inc. to enable hospitals and surgeons to provide evidence-based treatments for healthcare stakeholders. It could provide data-driven solutions and boost data analytics capabilities.
The COVID-19 outbreak disrupted healthcare industry, with hospitals and other stakeholders gearing to overcome the prevailing challenges. Post-COVID forecast suggests leading companies could inject funds into surgical booms. So much so that insurance providers are offering reimbursements for the cost incurred during surgical procedures. With better access around the surgical table as compared to the traditional towers, industry players could gain traction from advanced surgical booms. The emergence of integrated operating rooms could also be pronounced across North America and Europe.
Industry participants are likely to further their investments in operating room equipment as the demand for cost-effective and high-quality booms continues to surge. The adoption of automation and digitization of operation theaters will boost surgical boom market outlook.
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