Surgical Booms Market

Surgical Booms Market: Digital Disruption of ORs Trending: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029

  • 2019-06-13
  • REP-GB-4375
  • 41 Tables
  • 98 Figures
  • 220 pages
  • PDF PPT EXCEL
 Surgical Booms Market
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Surgical Booms – A Credible Addition to Hybrid ORs

Rising popularity of integrated or hybrid operating rooms along with technological advancements in field of operating room equipment & surgery has been working as an advantage for surgical booms market. Considering the evolving needs of today’s Operating Room (OR) and rapid penetration of robotic surgery, surgical boom manufacturers are focusing on developing flexible and hybrid-compatible versions of these products.

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surgical booms market snapshot

Surgical Booms Market – Key Research Findings

  1. Global Surgical Booms market size in 2018 – over US$ 230 Mn.

  1. The Surgical Booms market is anticipated to grow at a CAGR of over 4% over 2019-2029.

  1. North America is expected to remain the largest regional markets for Surgical Booms

  • Rise in number of surgical procedures and increase in adoption of integrated ORs are the main driving factors for the growth of the surgical booms market in the region.

  1. Leading companies are focusing on expanding geographical footprint through mergers and acquisitions and are strongly focused on sales through custom surgical booms. Custom surgical booms lead the surgical booms market globally.

  1. Hospitals and ambulatory surgical centers offer lucrative market for the growth of surgical booms market.

  • Increasing number of ambulatory surgical centers and increasing number of integration of ORs in hospitals across the world are some of the factors that strongly support the growth of the surgical booms market through the forecast period.

surgical booms market

Top 3 Factors Shaping the Surgical Booms Market

Digitalisation of Operation Theatres/Operating Rooms (OR) is the Main Driving Force of Surgical Booms Market

Digitalisation has become a common practice in various businesses, which include healthcare. The growing adoption of Minimally Invasive Surgeries (MIS) in the recent years, as well as advancements in imaging technologies that meet these new requirements, has resulted in an increase in the number of hybrid operating rooms. Most high-tech systems in the OR are touch-controlled. However, there are advancements in touch-less or speech recognition technologies, which are also being explored.

Furthermore, opportunities for automation are high and growing in the recent times. The hospital environment has the potential to achieve a higher degree of automation. Surgical workflows, especially those that require several manual tasks, can gain significantly from automation. Unfortunately, advancements in technologies have resulted in an increase in the complexities associated with OR equipment. Surgical booms are used to organize the complex equipment required in the advanced ORs. Rise in the adoption of advanced digital OR systems provides significant growth opportunities for the surgical booms market.

Increase in the Number of Surgical Procedures to Boost Surgical Booms Market

Increase in ageing population, rise in the number of accidents, and increase in the number of hospital admissions are among factors driving the number of surgical procedures across the world. Furthermore, the availability of ASCs and the increasing number of ASCs are also among factors driving the number of surgical procedures, along with increased diagnosis rates, increased awareness, and advancements in surgical procedures such as robotic surgery and minimally invasive surgery.

The growing demand for surgical procedures is one of the major driving forces driving the development, expansion, and renovation of surgery providers such as hospitals, ambulatory surgical centres, integrated ORs, and others. Thus, increase in the demand for surgical procedures and advanced technology is boosting the demand for surgical booms in the global market.

Favorable Government Efforts & Investments Favor the Growth of Surgical Booms Market

Increase in the number of insurance providers that offer reimbursements for the costs incurred during surgical procedures is expected to increase the adoption of surgical interventions. This is expected to drive the demand for surgical booms. National and regional governments in the EU and Asia in particular are initiating modernisation projects and building new hospitals. Latin America also has some promising hybrid OR participants due to government efforts and investments for the modernisation of the healthcare systems in the region. Such government efforts are expected to favour the growth of the surgical booms market.

Surgical Booms Market Structure Analysis

  • The top five players operating in the surgical booms market contribute to over 80% of the market value

  • Some of the key players in the surgical booms market include Stryker Corporation, CV Medical LLC., Hill Rom Holdings Inc., Steris Plc, Getinge Group, Amico Group of Companies, Ondal Medical Systems GmbH, Pratibha Medinox, Palakkad Surgical Industries, and Skytron LLC.

  • Most players in the surgical booms market are focused on developing and enhancing their product offerings. However, majority of the revenue of these companies is driven by the custom surgical booms market.

Market Set to Grow 1.6X between 2019 and 2029

The global surgical booms market is expected to witness robust growth during the forecast period. Gains remain driven by high prevalence of chronic diseases, rise in the number of surgical procedures, and growing integration of ORs. With the emergence of minimally invasive surgeries (MIS) and adoption of advanced digital OR systems, manufacturers are forced to innovate their products that can accommodate changing devices and technologies.

East Asia to Represent Significant Growth Opportunities

North America remains a prominent market for surgical booms, backed by high adoption of advanced technology in the region, along with rising number of surgical procedures. However, significant growth opportunities are expected in East Asian countries including Japan and China. Increasing number of private players offering surgical booms and a large patient pool that drives surgical interventions in these regions will continue to boost the market growth.

* This data is only a representation. Actual data may vary and will be available in report.

East Asia to Represent Significant Growth Opportunities
East Asia to Represent Significant Growth Opportunities
East Asia to Represent Significant Growth Opportunities
East Asia to Represent Significant Growth Opportunities
  • 2014
  • 2019
  • 2022
  • 2029
  • Arrow

The Broader Perspective

Healthcare consolidation improves the integration of services. The trend of consolidation through mergers and acquisitions was predominantly witnessed in 2017, and this momentum continued through 2018. It offered significant opportunities for the development of integrated OR as well as the renovation of traditional OR to incorporate these latest technology which can not only carry out surgery , but also can monitor patients with critical care patient monitoring products, and thus resulted in the adoption of surgical booms which can provide support to other equipment also in the operating room environment.

Custom booms remain the top-selling category with over 40% revenue

Anaesthesia booms are expected to witness relatively high adoption

Roof mounting remains the preferred installation type

Challenges withfloor mounting continue to limit adoption

Hospitals remain the prominent end user of surgical booms

Demand from ambulatory surgical centres to grow at significant rate

How Growth will Unfold

Custom booms continue to maintain the lead on the account of the flexibility of choice, where as anaesthesia booms used along with anaesthesia machines are gaining relatively high demand banking on better access to patients and a safer working environment.

Custom booms | Utility booms | Anaesthesia booms

 Surgical Booms Market  Surgical Booms Market  Surgical Booms Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Surgical Booms Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)

A recent market study published by FMI “Surgical Booms Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)” consists of a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the surgical booms market, the growth prospects of the market are obtained with maximum precision. The report features the unique and salient factors that are likely to significantly impact the development of the surgical booms market during the forecast period.

Surgical Booms Market Taxonomy

The global surgical booms market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product

  • Equipment Booms
  • Utility Booms
  • Anesthesia Booms
  • Custom Booms

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Hybrid Operating Rooms

By Installation

  • Roof Mounting
  • Floor Mounting

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

The report commences with the executive summary of the surgical booms market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the surgical booms market.

Readers can find the detailed taxonomy and the definition of the surgical booms market in this chapter, which will help them understand the basic information about the surgical booms market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the surgical booms market report. The section also offers information on revenue opportunity.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.

This section includes the key inclusions of the report. It includes product adoption, key promotional strategies, and reimbursement scenario for market expansion.

This section highlights the average price of equipment booms, utility booms, and anesthesia booms in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.

This section explain the global market value analysis and forecast for the surgical booms market between the forecast periods of 2014-2029 is highlights in this section. This chapter includes the detailed analysis of the historical surgical booms market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This chapter explains the key macro-economic factors that are expected to influence the growth of the surgical booms market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the surgical booms market. This chapter also highlights the key market dynamics of the surgical booms market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the surgical booms market.

Based on product type, the surgical booms market is segmented into four segments including, equipment booms, utility boom, anesthesia booms and custom booms. In this chapter, readers can find information about the key trends and developments in the surgical booms market and market attractiveness analysis based on the product type.

Based on installation, the surgical booms market is segmented into two segments including, roof mounting and floor mounting. In this chapter, readers can find information about the key trends and developments in the surgical booms market and market attractiveness analysis based on the installation.

This chapter provides details about the surgical booms market on the basis of end user, and has been classified into hospitals, ambulatory surgical centers, specialty clinics and hybrid operating rooms. In this chapter, readers can understand the market attractive analysis based on end user.

This chapter explains how the surgical booms market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)

This chapter includes a detailed analysis of the growth of the North America surgical booms market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America surgical booms market. This chapter also includes the growth prospects of the surgical booms market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the surgical booms market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand , Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia surgical booms market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Surgical booms market during the period 2019-2029.

This chapter highlights the growth of the surgical booms market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the surgical booms market in East Asia.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania surgical booms market.

This chapter provides information about how the surgical booms market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find a information about the market share analysis of the key players in the surgical booms market.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Surgical booms market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Stryker Corporation, CV Medical LLC, Hill-Rom Holdings Inc., Steris Plc, Getinge Group, Amico Group of companies, Skytron LLC., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the surgical booms report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the surgical booms market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Portfolio Managers
  • Purchasing Managers
  • Medical Officers
  • Device Development Heads
  • Strategy Advisors
  • R&D Managers
  • Product Manufacturers
  • Distributors
  • Component Suppliers / OEMs
  • Hospital Purchasing Departments
  • Physicians / Nursing Managers
  • Industry Experts
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Product Adoption, Installed Base, Replacement Cycles, Refurbishment
  • Regulatory Landscape
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Magazines
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Peer-reviewed Journals
  • Government Websites and Publications
  • Trade Websites
  • Country-specific Regulatory Authorities
  • World Bank, WHO, IMF, OECD

Primary Interview Splits

Primary Research Interview Splits

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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