Surgical Boom Market Expansion: Trends and Business Opportunities 2023-2035
Research Nester released a report titled “Surgical Boom Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global surgical boom market in terms of market segmentation by product type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global surgical boom market is projected to grow with a moderate CAGR of 4% during the forecast period, i.e., 2023-2035, on account of the increasing adoption of integrated operating rooms in healthcare facilities and rising number of surgeries being performed worldwide. Furthermore, high prevalence of chronic diseases elevates the need for surgeries, which is projected to contribute notably to the market growth.
The market is segmented by product type and end-user. By product type, the utility boom segment is anticipated to hold the largest share by the end of the forecast period ascribing to the greater demand of the product as a result of advanced features such as movable arms and higher flexibility. Moreover, on the basis of end-user, the medical hospital segment is expected to grow significantly accounting to the availability of more operating rooms and intensive care units in hospitals.
On the basis of region, the global surgical boom market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which Asia Pacific’s market is projected to grow at the highest CAGR over the forecast period owing to the increasing government expenditure to develop healthcare facilities and rising medical in the region. Additionally, the market in North America is predicted to hold the largest share, which can be attributed to the presence of key service providers in the region, accompanied by the advancements in healthcare infrastructure.
Growing Number of Surgeries Performed Worldwide to Drive Market Growth
The surge in the elderly population across the world is directly associated with the rise in the prevalence of metabolic conditions such as obesity, diabetes, and hypertension across the world. This factor has raised the need for various kinds of surgeries to fulfill the healthcare necessities of the people of this group. This in turn is expected to boost the market growth in upcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high initial investment expenditure regarding surgical boom is estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global surgical boom market, which includes company profiling of Stryker corporation, SKYTRON, LLC, CV Medical, Amico Group of Companies, STERIS, Hill-Rom Services, Inc., GENERAL ELECTRIC COMPANY, Ondal Medical Systems, Dragerwerk AG & Co. KGaA, Shenzhen Mindray Bio Medical Electronics Co., Ltd, and others. The profiling enfolds key information of the companies, which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global surgical boom market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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