Newark, NJ, April 07, 2020 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global surgical booms market is expected to grow from USD 216.58 million in 2019 and to reach USD 502.25 million by 2027, growing at a CAGR of 11.11% during the forecast period 2020-2027.

The surgical booms industry is witnessing the rapid growth from the past few years. The advancement and technological development in the surgery and operating room facilities are one of the key factors contributing to demand for surgical booms products. Improvement in the robotic surgery, development of highly advanced monitoring devices, and development of minimally invasive surgeries are some of the latest technological trends driving the growth of the market. In addition to this, the integration of hybrid operation rooms, further boosting the growth of the market.

Surgical booms provide the support to the other equipment throughout the operating room to manage the critical care equipment and overall workflow. Surgical booms are commonly used in the healthcare facilities to get the access of electric power and medical gases such as oxygen, nitrogen and carbon dioxide. In addition to this, these are also used for obtaining audio and video visual data. The surgical booms are often designed flexible with respect to space requirement, function, and purpose in the operating room.

Impact of COVID-19 on the Surgical Booms Market

Currently, the world is grappling with COVID-19, which is originated initially in Wuhan, China. More than 200 countries, governments, and public health care systems are battling with this global pandemic. The coronavirus patients who need the ICU unit are among the sickest and serious one–which requires external breathing support and known as level 3 care. Thus, to meet the increasing demand, the capacity of hospital ICU rooms needs to scale up in every country. The ICU rooms include many devices such as oxygen, air, suction, IT and lab support, and monitoring devices. Thus, space in the intensive care unit is very critical. Surgical booms provides a slim column design to maximize space, allowing for improved access to the patient, and reduce the complications of wiring in the ICU. Therefore, with the increasing need to develop more ICU care units amid coronavirus cases, the demand for surgical booms is likely to increase in the future.

Global surgical booms market is increasing rapidly, owing to the growing popularity of hybrid operating rooms among the healthcare professionals and patients across the globe. In addition to this, rising installation of surgical booms in the ICU rooms, further driving the growth of the market.

Furthermore, increasing government programs to improve the healthcare sector is also contributing to the growth of surgical booms market. Moreover, increasing trend of minimally invasive surgeries, boosting the demand for surgical booms in the upcoming years. However, the requirement of high capital investment for the installation may hamper the growth of the market.

DOWNLOAD FREE SAMPLE REPORT AT https://www.fiormarkets.com/report-detail/417937/request-sample

Key players operating in the global surgical booms market include ERD, LLC., Steris Corporation, C V Medical, Stryker Corporation, Skytron, LLC., Amico, Maquet Holdings, Ondal, Palakkad Surgical Industries Pvt. Ltd., Hill-Rom Holdings Inc., and Getinge AB among others. To gain the significant market share in the global surgical booms market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership.

  • For instance, in June 2015, Stryker Corp. announced the acquisition of Berchtold Holding AG, a German surgical room equipment maker, to complement Stryker Endoscopy's existing operating room equipment.
  • In May 2017, Olympus, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announced the distribution agreement with the Amico to sells surgical lighting, equipment booms and infrastructure products.

The roof-mounted segment dominated the global surgical booms market and held the largest market share of 66.56% in the year 2019

Based on installation type, the global surgical booms market is classified into roof-mounted and floor mounted. The roof-mounted segment dominated the global surgical booms market and held the largest market share of 66.56% in the year 2019. The roof-mounted surgical booms are usually used in the operating rooms, intensive care units, and other healthcare facilities to support the equipment. The rising usage of roof-mounted surgical booms in the operating rooms contributing in the growth of the market.

Intensive care unit is projected to grow at the highest CAGR of 9.2% over the forecast period

Based on the area of operation, the market can be divided into the operating room, C-section suite, cath lab, intensive care unit, and emergency department. Intensive care unit is projected to grow at the highest CAGR of 9.2% over the forecast period. The surgical booms offers the flexibility to both patient, nurses, and physicians. Thus, with increasing installation of surgical booms in intensive care units, driving the growth of the market. 

Hospitals segment dominated the global surgical booms market and held a major market share of 42.02% in the year 2019

Based on the end-user, the market is divided into clinics, hospitals, ambulatory surgical centres, and diagnostic centres. Hospitals segment accounted for the major market share of 42.02% in the year 2019. The installation of surgical booms in the hospitals helps to increase the overall efficiency and increase the capacity of the number of surgeries performed in the hospitals. Thus, many hospitals across the globe are installing surgical booms, boosting the growth of the market.

Browse full report with TOC at https://www.fiormarkets.com/report/surgical-booms-market-by-installation-type-roof-mounted-417937.html

Regional Segment Analysis of the Surgical Booms Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

On the basis of geography, the global surgical booms market classified into North America, Europe, South America, Asia Pacific, and Middle East and Africa.  North America region dominated the global surgical booms market and held the largest market share of 44.25% in the year 2019. Highly developed healthcare infrastructure and early adoption of technologies are some of the key factor contributing to the growth of the market in the North America region. In addition to this, the presence of key companies across the regions, further driving the growth of the market. On the other hand, the Asia Pacific region is projected to grow at the highest CAGR of 9.4% over the forecast period. Increasing government awareness to improve the healthcare facilities is one of the key driving factor boosting the growth of the market in the Asia Pacific region. Furthermore, increasing investment in the medical devices in the countries such as India and China, offering future growth opportunities for the key vendors in the market.

About the report: 
The global surgical booms market is analysed on the basis of value (USD Million).. All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, and competitor position grid analysis.

For Instant Purchase: https://www.fiormarkets.com/checkout.html?reportid=417937&type=single

Customization of the Report:

The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

Contact Us

Avinash D
Head of Business Development
Phone: +1-201-465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com




Related Reports:

Hand Sanitizer Market - https://www.fiormarkets.com/report/hand-sanitizer-market-by-product-spray-gel-wipes-417852.html
N95 Mask Market - https://www.fiormarkets.com/report/n95-mask-market-by-exhalation-valve-with-exhalation-417936.html
Corona Test Kit Market - https://www.fiormarkets.com/report/corona-test-kit-market-by-test-type-molecular-417933.html
Coronavirus Treatment Market - https://www.fiormarkets.com/report/coronavirus-treatment-market-by-end-user-hospitals-healthcenters-417934.html