Surgical Booms Market To Reach $ 380 Million By 2029 – Future Market Insights Research Study – Market Research Blog
The global surgical boom market is expected to reach $ 380 million by 2029, according to a new report from Future Market Insights. Surgical arms are also known as Equipment Management Systems (EMS). Surgical poles are used to constrain the electrical wiring of various equipment used in the operating room. They also help organize space in the operating room by increasing the workspace. Most surgical ramps hang from the roof of the operating room and come in a number of designs and utilities. According to the latest research from IMF, the global Surgical Booms market is expected to be over US $ 380 million in value by the end of 2029. The Surgical Booms Market report also predicts significant growth potential with average growth expected year-on-year. rate of more than 4.5% during the forecast period.
Rising adoption of minimally invasive surgeries is likely to drive the growth of the surgical boom market
Minimally invasive surgery (MIS) is one of the major trends in medicine. SIM is a safe, feasible, and user-friendly method of performing medical procedures such as surgery. MIS offers reduced postoperative pain, shorter hospital stay, less scarring or tissue damage, and generally leads to faster recovery. Therefore, GIS is easier and takes less time. As clinicians search for safer and more efficient ways to perform surgery, they are finding new applications for minimally invasive procedures, as the benefits of these to patients are paramount. In addition, the growing number of insurance providers offering reimbursement for expenses incurred during most minimally invasive procedures is expected to increase the uptake rate of minimally invasive surgeries. The Centers for Medicare and Medicaid Services (CMS) provides reimbursement for peripheral access procedures, such as inserting a port or catheter into a large central artery directly connected to or near the heart. Thus, the increase in the number of minimally invasive surgeries is driving the demand for equipment management systems such as equipment ramps.
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High capital investment for integrated operating room to hamper the growth of surgical boom market
Integrated operating rooms use a crossover of medical interventions to form hybrid technologies. The development and integration of ORs require a reorganization of professionals. In addition, there is a need to modernize capital goods. The cost of these advanced capital goods is high. In addition, compatibility with existing or new devices / infrastructures is likely to present a barrier for designers, manufacturers and end users of surgical arms. A hybrid operating room requires on average 50 to 80% more space compared to a conventional operating room in the United States and 30 to 40% more in Germany. Another factor that can increase the cost of installing an integrated operating room is the additional space required. Thus, the capital cost required for an integrated operating room is likely to hamper the growth of the surgical boom market.
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Surgical Booms Market: Segment Analysis
The global surgical pole market has been segmented on the basis of product, installation, and end user. On the basis of Product Type, the Surgical Ramps market has been segmented into Equipment Ramps, Utility Ramps, Anesthesia Ramps, and Custom Ramps. Custom ramps dominate the market due to the flexibility of choice that customers have from manufacturers. On the basis of installation, the surgical arm market has been segmented into rooftop mount and floor mount. In terms of revenue, the rooftop mounting segment is expected to hold a significant share of the surgical boom market during the forecast period as it is more flexible and more effectively conserves space in the operating room. On the basis of end user, the Surgical Booms market has been categorized into Hospitals, Outpatient Surgical Centers, Specialty Clinics, and Hybrid Operating Rooms. The revenue generated by the hospital segment of the surgical boom market is expected to experience significant growth, due to the presence of a large number of operating rooms and associated intensive care departments in various hospitals.
Surgical Booms Market: Companies
Some of the major players in the surgical arm market include CV Medical LLC., Stryker Corporation, Hill Rom Holdings Inc., Amico Group of Companies, Steris Plc, Ondal Medical Systems GmbH, Getinge Group, Pratibha Medinox, Skytron LLc and Palakkad Surgical Industries, among others.
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About the IMF
Future Market Insights (FMI) is a leading provider of business information and advisory services, serving clients in more than 150 countries. IMF is headquartered in Dubai, the world’s financial capital, and has delivery centers in the United States and India. IMF’s latest market research and industry analysis reports help companies tackle challenges and make critical decisions with confidence and clarity amid fierce competition. Our personalized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continually monitors emerging trends and events across a wide range of industries to ensure our clients are preparing for the changing needs of their consumers.
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