According to the latest research report by The Insight Partners Surgical Boom market is expected to reach US$ 354.99 million by 2027 from US$ 252.08 million in 2019; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report highlights the trends prevailing in the global surgical boom market, and the drivers and deterrents pertaining to its growth.
Roof Mounted Segment to Register Highest CAGR in Surgical Boom Market during 2020–2027The surgical boom market is divided into roof mounted and floor mounted segments according on how they are installed. The floor mounted category is predicted to experience the greatest CAGR of 4.8% throughout the forecast period, while the roof mounted segment continued to hold the largest market share in 2019. The provision of medicinal gases and power is made possible by the roof-mounted booms. The roof-mounted booms make it simple to supply and remove medical gases as needed by the hospital.
The rise of the surgical boom market is also linked to an increase in surgeries as well as advantages of surgical booms such flexibility, improved safety, and mobility. However, the expansion of the market is constrained by the problematic operation of surgical booms in hybrid operating rooms.
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Necessity for Diminishing Dependency on Surgical
A large number of chemical products utilised downstream use ethylene as a feedstock. One of the biggest bulk chemicals, it is heavily utilised in the manufacture of plastics. Ethylene has numerous uses, thus its demand is expected to increase over the next few years. The production of ethylene traditionally involves petroleum derivatives, which contributes to the depletion of fossil fuels. Biomass feedstock is viewed as a trustworthy solution for overcoming this issue in the production of Surgical Boom. As a result of the widespread production of bioethanol from lignocellulose biomass, including wood, sugarcane, and maize starch, there is less dependence on fossil fuels and petroleum derivatives. Bio-ethylene is manufactured from bioethanol.
The market for Surgical Boom is concentrated with some very well-established players. Some of the key players in the Surgical Boom Market include
- Steris Corporation
- Stryker Corporation
- Getinge Group
- Dragerwerk AG & Co. KGaA
- C V Medical
- Shenzhen Mindray Bio Medical Electronics Co., Ltd
Surgical Boom Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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