Surgical Boom Market Regional Analysis:
North American Market Insights
The North American surgical boom market is predicted to hold revenue share of about 35% by the end of 2035. The market growth is propelled by increasing frequency of diseases being diagnosed with various diseases and disorders and the high number of surgeries being done every year. Recent statistics are being calculated that almost 15 million Americans undergo some type of surgery every year.
Further, the existence of an effective healthcare network in the region, along with the availability of supportive policies by government bodies, supports the promotion of using surgical booms for easy operation and surgery over a large target population. In addition, the region's expanding healthcare industry and rising commercialization of medical products will boost the market growth.
APAC Market Insights
The Asia Pacific surgical boom market is anticipated to account for 24% share during the forecast period, led by burgeoning geriatric who are prone is diseases, illnesses, and accidents that require surgeries. Furthermore, the presence of major key players in the region along with their rising investments in the research and development activities to manufacture technologically developed surgical booms is anticipated to create a positive outlook for the market expansion. Also, the expanding patient pool of the region which requires complex surgeries will fuel the market revenue.
Europe Market Insights
The European market will grow at significant CAGR through 2035, impelled by rising research and development activities along with the proven success in the development of surgical booms as an efficient treatment method. Furthermore, the rising adoption of surgical treatments and the region's growing geriatric population, as well as the increasing number of various types of surgeries performed each year in the region, are expected to be beneficial opportunities for the market expansion. As per the Eurostat statistics of the European Region, around 4.3 million cataract surgeries were performed in the European Union member states, making it the most common surgical procedure in 2018.
