Surgical Boom Market Size, Analysis and Forecast 2027

The surgical boom market was valued at US$ 252.08 million in 2019 and is projected to reach US$ 354.99 million by 2027; it is expected to grow at a CAGR of 4.4% from 2020 to 2027.

Surgical booms, also known as equipment columns or supply heads, are installed in healthcare facilities as they provide easy access to electrical power; audiovisual data services; and medical gasses such as oxygen, nitrogen, and carbon dioxide. Booms reduce the clutter caused by the cords and thus eliminate the risk of tripping hazards. They also have shelves that help in organizing and centralizing surgical equipment. The increasing number of surgeries, and the benefits of surgical booms such as flexibility, enhanced safety, and mobility are the major factor propelling the market growth. However, the troublesome functioning of surgical booms in hybrid operating rooms restricts the market growth.

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Surgical Boom Market: Strategic Insights

Surgical Boom Market

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  CAGR (2019 - 2027)

  4.4%
• Market Size 2019
  US$ 252.08 Million
• Market Size 2027
  US$ 354.99 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• STERIS CORPORATION
• STRYKER CORPORATION
• AMICO
• GETINGE GROUP
• Dragerwerk AG Co KGaA
• SKYTRON
• C V MEDICAL
• Shenzhen Mindray Bio Medical Electronics Co Ltd
• MEDICANA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Installation

• Roof Mounted and Floor Mounted

Product Type

• Equipment Boom
• Utility Boom
• Anesthesia Boom
• Custom Boom

End-Use

• Hospitals
• Ambulatory Surgical Centers
• Others

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

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Market Insights

Rising Number of Surgical Procedures

Spike in the number of hospital admissions due to increase in geriatric population, mounting prevalence of chronic diseases, and surge in number of accidents, among others, has led to rise in number surgical procedures. As per the Lifespan Organization, cardiovascular disease is the leading cause of death in the US, and ~500,000 open surgeries are performed every year in the US. Surge in number of accidents and trauma cases is another factor boosting the number of surgeries being performed worldwide. Accident and emergency departments (A&E) in England reported ~70,231 patient visits every day in 2019, i.e., 4.8% higher than the count witnessed in 2018.

Technological advancements are enabling various hospitals and medical institutes to perform a large number of surgeries in a year. For instance, Taiwan’s Chang Gung Memorial Hospital performs ~167,000 surgeries in a year, and it claims to have performed the highest number of surgeries in the world. Further, in 2018, the All India Institute of Medical Sciences (AIIMS) performed the maximum number of surgeries, i.e., ~194,000 surgeries.

Introduction Government Initiatives to Promote Healthcare Modernisation

Government authorities in developed and developing countries are focusing on strengthening their healthcare sector through significant investments. For instance, the Government of India under its Pradhan Mantri Swasthya Suraksha Yojana—sanctioned USD 84,221,420 (INR 620 crore) for the construction of AIIMS-like institutions and USD 27,168,200 (INR 200 crore) for procuring medical equipment for establishing modular operation theaters. According to the Invest India, the hospital industry in India accounts for 80% of its total healthcare market, and it effectively attracting both global as well as domestic investors. The hospital industry in the country is expected to reach US$ 132 billion by 2023 from US$ 61.8 billion in 2017 at a CAGR of 16–17%. Similarly many healthcare investments are being made in Poland. The city of Kraków in Poland invested in three hospitals to expand their services. With these funds the Kraków center for rehabilitation and orthopedics aims to set up three new operating rooms, a recovery room, a blood bank, and a few new rooms for patients. Increase in such government activities is creating vital growth opportunities for the surgical boom market players to secure growth in the coming years.

Installation-Based Insights

Based on installation, the surgical boom market is segmented into roof mounted and floor mounted. The roof mounted segment held a larger share of the market in 2019, and the floor mounted segment is anticipated to register a higher CAGR of 4.8% during the forecast period. The roof mounted booms are ideal for the supply of electricity and medical gasses. The roof mounted booms allow easy provision and removal of medical gasses as per the hospital needs.

Product Type-Based Insights

Based on product type, the surgical boom market is segmented into equipment boom, utility boom, anesthesia boom, and custom boom. The utility boom segment held the largest share of the market in 2019, and the anesthesia booms segment is anticipated to register the highest CAGR of 5.9% during the forecast period. The utility booms feature a flexible arm with the connections to provide utility services such as video/data, gasses, and electricity in sterilized fields. It reduces the tripping hazard caused due to cables and cords. STERIS plc. offers HarmonyAIR Utility Hub with a flexible arm that provides power, data/video signal, and gas connections; the equipment is installed as a single mount or in tandem with surgical lights.

Product launch and expansion strategies are commonly adopted by the companies to expand their footprint worldwide, meet the growing demand by expanding their product portfolio. The key players operating in the surgical boom market have been adopting the strategy of product innovations to cater to changing customer demand worldwide, which also permits the players to maintain their brand name globally.

Surgical Boom Market Report Scope

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By Installation

• Roof Mounted
• Floor Mounted

By Product Type

• Equipment Boom
• Utility Boom
• Anesthesia Boom
• Custom Boom

By End-User

• Hospitals
• Ambulatory Surgical Centers
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Spain
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
• South and Central America (SCAM)
  • Brazil
  • Argentina

Company Profiles

• Steris Corporation
• Stryker Corporation
• Amico
• Getinge Group
• Dragerwerk AG & Co. KGaA
• Skytron
• C V Medical
• Medicana
• Hillrom
• Shenzhen Mindray Bio Medical Electronics Co., Ltd