Market Trends of Global Surgical Booms Industry
This section covers the major market trends shaping the Surgical Booms Market according to our research experts:
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.
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, 2022 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 2022. 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.
