Surgical Boom Market to witness major growth in coming years
Category: #health  By Partha Ray  Date: 2019-10-11
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Surgical Boom Market to witness major growth in coming years

Surgical Boom Market size is projected to experience significant growth from 2019 to 2025. The growing demand for minimally invasive procedures and the increasing adoption of integrated operating rooms will drive the surgical boom market over the forecast period. The hospital segment contributed to a large percentage of the surgical boom market owing to a high budget of hospitals in comparison to ambulatory surgical centers and other such settings.

With technological advancements in the healthcare sector, the demand for surgical booms will rise. The rising number of surgeries, increasing number of hybrid operating rooms, and the adoption of robot-assisted surgeries are driving the growth of this market. Such, factors will boost the surgical boom market in forthcoming years.

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The increasing adoption of surgical booms by regulatory bodies in developing as well as developed economies will drive their growth. The increasing number of government initiatives pertaining to reimbursement policies across the globe will subsequently increase the demand for surgical booms during the coming years.

Moreover, technological developments pertaining to advancements in surgical booms is a major factor that will drive the market growth. However, the low adoption rate in underdeveloped & developing economies and high capital costs related to surgical boom could hamper the industry growth.

The roof-mounted segment is expected to have the largest share and grow at the highest growth rate over the forecast period owing to the better utilization of space in the operating room. The key factor contributing to the sector growth is the growing healthcare expenditure across the globe.

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The U.S. dominated the global surgical boom market in 2018 owing to the presence of well-developed healthcare infrastructure, technological advancements, and the presence of dominant market players in the region. Furthermore, high healthcare expenditure will fuel market growth.

Japan is expected to witness significant growth in the surgical boom market during the analysis period owing to the technological advancements, rising disposable incomes, and increasing developments in the healthcare infrastructure. Above mentioned factors will boost the demand for surgical booms.

Some of the key industry players include Steris Corporation, Stryker Corporation, Amico, Maquet Holdings, Trumpf Medical, Skytron, C V Medical. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launches to expand their business product portfolio.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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