Surgical Boom Market Share

North American Market Forecast

The North American surgical boom market, amongst the market in all the other regions, is projected to hold the largest market share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the 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, which is expected to contribute to market growth in the region. In addition, the region's expanding healthcare industry and rising commercialization of medical products are also estimated to boost market growth during the forecast period.

APAC Market Statistics

The Asia Pacific surgical boom market, amongst the market in all the other regions, is projected to hold the second largest share of about 24% during the forecast period. The major factor that is projected to bring lucrative opportunities for market expansion is the 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 market expansion. Also, the expanding patient pool of the region which requires complex surgeries is another factor of market growth in the region during the forecast period.

Europe Market Forecast

Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The factors that are expected to contribute positively to market expansion in the region are 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 market expansion during the forecast period. 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.