Surgical Booms Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The surgical booms market is segmented by Product Type (Equipment Boom, Anesthesia Boom, Utility Boom, and Custom Boom), Mobility (Mobile and Free Standing), Installation (Floor Mounted and Roof Mounted), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the value (in USD million) for the above-mentioned segments.

Market Snapshot

Surgical Booms Market
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 4.05 %

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Market Overview

The surgical booms market is expected to register a CAGR of 4.05% over the forecast period, 2022-2027.

The COVID-19 pandemic has significantly affected the surgical boom market due to government-mandated lockdowns, supply chain disruptions, and trade bans between several countries. The market was also affected by the decline in elective surgeries during the pandemic. For example, according to a report by the British Journal of Surgery, around 48,728 surgeries per week were canceled in India in May 2020, which is estimated to be around 585,000 surgeries over a 12-week period. However, the increasing prevalence of chronic diseases caused by the Covid-19 infection, together with the increasing number of cardiovascular patients, increased the demand for surgeries and increased hospitalizations. Which further created the demand for surgical booms used in nursing facilities. Therefore, Covid-19 initially had a slightly negative impact on the market, but the market saw steady growth during the pandemic.

Ergonomic design to centralize all surgical support equipment and support services for operating theater staff, flexibility, and ability to adapt to different configurations depending on space requirements, function, and purpose are a few advantages of surgical arms that are currently creating demand for equipment, in the operating room setting. In addition, as the demand for improved operating room settings increases, the adoption of new digital devices such as surgical arms is also increasing. This medical device has been proven to increase overall safety in the operating theater by cutting out overall wiring and using several other types of equipment. The growing adoption of surgical booms across the healthcare infrastructure to improve operating room settings creates opportunities for the growth of the surgical booms market.

Additionally, because minimally invasive procedures have more advantages over traditional procedures, they are gaining in popularity. Therefore, surgical arms, particularly ceiling-mounted arms, are needed to assist with surgical flow disruptions due to technology and equipment failures. Therefore, due to the above-mentioned factors, the rise in minimally invasive surgery is expected to drive the growth of the market under study.

Moreover, the increasing prevalence of chronic diseases further drives the demand for surgical procedures for treatment and increases the growth of the market. For example, according to the 2021 World Health Organization (WHO), non-communicable diseases (NCDs), also known as chronic diseases, are responsible for the deaths of about 41 million people annually, which is equivalent to 71% of all deaths recorded worldwide. According to the same source, more than 15 million people aged 30-69 die each year from non-communicable diseases worldwide. Due to the high burden of mortality, the demand for advanced treatment procedures is growing. As minimally invasive procedures have more advantages over traditional procedures, they are gaining in popularity. Surgical arms, specifically mounted on the ceiling, are therefore needed to assist with disruptions in surgical flow due to technology and equipment-related malfunctions. Therefore, due to the above-mentioned factors, the rise in minimally invasive surgery is expected to drive the growth of the market under study.

Therefore, owing to the aforementioned factors, the studied market is predicted to see growth over the forecast period. However, the low adoption rate of surgical booms in emerging economies due to high costs is expected to hinder the market growth.

Scope of the Report

As per the scope of the report, surgical booms are healthcare products designed to ergonomically centralize all surgical support equipment and utility services used in the operating room. The surgical booms market is segmented by Product Type (Equipment Boom, Anesthesia Boom, Utility Boom, and Custom Boom), Mobility (Mobile and Free Standing), Installation (Floor Mounted and Roof Mounted), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market report also covers the estimated market sizes and trends for 13 countries across major regions globally. The report offers the value (in USD million) for the above-mentioned segments.

By Product Type
Equipment Boom
Anesthesia Boom
Utility Boom
Custom Boom
By Mobility
Mobile
Free Standing
By Installation
Floor Mounted
Roof Mounted
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Anesthesia Boom by Product Type Segment is Expected Dominate the Market

Anesthesia booms are commonly used in the hospital environment or any hybrid operating room due to their advantages. These anesthesia arms save space, create an organized work environment and increase efficiency in the operating room. Therefore, the anesthesia boom by product type segment is expected to dominate the market during the forecast period.

The anesthesia arm also accommodates the surgeon's preferences for each surgical specialty, and these arms increase the flexibility of the operating room and allow for flexible patient positioning to suit the surgeon. The devices reduce turnaround times by organizing all surgical supplies in one place. In addition, some of the commercially available anesthesia arms are supplied as ceiling-mounted power units, which save space, create a more organized work environment and increase the efficiency of the workflow by keeping cables, equipment, and medical gas lines above the floor. Anesthesia arms also provide better patient access, more flexible room configuration, and provide a safer work environment for hospital staff. Hence, such benefits of the anesthesia boom are expected to drive the growth of the segment during the forecast period.

Therefore, such factors mentioned above are anticipated to drive the segment growth over the forecast period.

Estimated Number of New Cancer Cases, by Type, United States, 2022

North America is Expected to Dominate the Market Over the Forecast Period

North America is expected to dominate the market. Factors such as the easy availability of technologically advanced products, and the high prevalence of minimally invasive surgeries coupled with increasing chronic diseases in the countries, are among other major factors responsible for the growth of the market in the region.

An increase in public and private healthcare expenditure, a rise in the number of hospitals, and an increasing number of surgeries are driving the overall growth of the surgical boom market in North America. For example, statistics from the American Hospital Association (AHA) show that the number of active hospitals in the United States increased from 5,534 in 2016 to 6,093 in 2020. Thus, the sharp increase in hospital volume and the increasing number of hospitalizations are driving the demand for medical services devices such as surgical booms and hence expected to boost the growth of the study market in the country.

In addition, with the growing burden of chronic disease, the Canadian government is investing heavily in improving health infrastructure. For example, according to a press release published in July 2021 by the Government of Canada, the governments of Canada and Quebec collaborated to invest in 209 infrastructure projects to modernize, rebuild, and modernize health and social services institutions in Quebec, including hospitals and other care centers. The Federal Minister for Infrastructure and Communities and the Minister for Health and Human Services also announced funding for these 209 infrastructure projects totaling USD 188.3 million. These investments require the availability of advanced medical equipment such as surgical booms in hospitals. In addition, the Canadian provincial government of Ontario has announced plans to invest up to USD 53 million to support the development and construction of the new Gray Bruce Health Services Markdale Hospital as part of the province's plan to end corridor healthcare. Therefore, it is expected to increase the demand for surgical booms in Canada as well.

Therefore, owing to the previously mentioned factors, the growth of the studied market is expected in the North American region.

Surgical Booms Market - Growth Rate By Region

Competitive Landscape

The surgical booms market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market, such as Zimmer Biomet, Stryker, Hill-Rom Services Inc., Steris, Pratibha Medinox, Getinge (MAQUET Holding B.V. & Co. KG.), CV Medical LLC., Amico Group of Companies, Skytron, and Drager, among others. The strategies such as partnerships and acquisitions are expected to strengthen their market position and propel the growth of the market.

Recent Developments

  • In July 2022, Theator, the creator of Surgical Intelligence, raised USD 24 million in an extension of its Series A funding round. This investment will be used to continue Theator's commercial expansion and accelerate the rollout of its Surgical Intelligence Platform in operating rooms and healthcare systems across North America.
  • In March 2022, Boston-based Zeta Surgical received funding of USD 5.2 million in the seed rounds. This funding will be used to deliver precise surgical imaging guidance for non-invasive surgeries performed outside the operating room.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Demand for Robotic and other Minimally Invasive Surgeries

      2. 4.2.2 Emergence of Integrated and Hybrid Operating Rooms

      3. 4.2.3 Rising Prevalence of Chronic Diseases Coupled with Increase in Number of Hospital Admissions

    3. 4.3 Market Restraints

      1. 4.3.1 Low Adoption Rate of the Surgical Booms in Emerging Economies Due to High Cost

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Product Type

      1. 5.1.1 Equipment Boom

      2. 5.1.2 Anesthesia Boom

      3. 5.1.3 Utility Boom

      4. 5.1.4 Custom Boom

    2. 5.2 By Mobility

      1. 5.2.1 Mobile

      2. 5.2.2 Free Standing

    3. 5.3 By Installation

      1. 5.3.1 Floor Mounted

      2. 5.3.2 Roof Mounted

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zimmer Biomet

      2. 6.1.2 Stryker

      3. 6.1.3 Hill-Rom Services Inc.

      4. 6.1.4 Steris

      5. 6.1.5 Pratibha Medinox

      6. 6.1.6 Getinge (MAQUET Holding B.V. & Co. KG.)

      7. 6.1.7 CV Medical LLC.

      8. 6.1.8 Amico Group of Companies

      9. 6.1.9 Skytron

      10. 6.1.10 Drager

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Surgical Booms Market market is studied from 2019 - 2027.

The Global Surgical Booms Market is growing at a CAGR of 4.05% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Hill-Rom Services, Inc., Steris, Amico Group of Companies, Zimmer Biomet, Stryker are the major companies operating in Global Surgical Booms Market.

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