Key Drivers of Global Surgical Cushions Market
Health care infrastructure in emerging countries is developing at a significant rate, with increase in government initiatives, entry of private players in the health care and hospitals segment, rise in per capita health care spending, and expansion of hospital network. According to the Ministry of Health of the Republic of Kazakhstan, health care expenditure in the country is growing at a rapid rate of 12.2%, and the country has built more than 1,300 health care facilities, including 907 clinics, 180 health centers, and 176 hospitals during a period of 25 years. This is expected to drive the global surgical cushion market during the forecast period.
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Replacing old surgical cushion is often less of a priority than other surgical equipment, as average life cycle of a surgical cushion is more as compared to others. This is one of the major factors due to which, the market for surgical cushions is likely to grow at a slow rate.
North America to Hold Major Share of Global Surgical Cushions Market
Long Lifespan of Surgical Cushions to Restrain Global Market
Hybrid operating room (Hybrid OR) is an advanced room enabling performance of diagnosis, and surgical and interventional procedures at a single location. The concept is being increasingly adopted in existing hospitals in the U.S. and Europe, owing to features such as reduced procedure time and improved efficiency. Existing hospitals are remodeling their operating rooms and integrating Hybrid ORs and this is expected to propel the global demand for surgical cushions.
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North America is anticipated to dominate the global surgical cushions market during the forecast period. This can be attributed to hospitals and health care facilities in the U.S. launching large independent outpatient clinics and center chains, expanding operations throughout the country. Additionally, increasing number of health care facilities are installing integrated Hybrid ORs. This is expected to fuel the demand for advanced surgical cushions in the U.S. during the forecast period.
The surgical cushions market in Asia Pacific is likely to grow at a significant pace during the forecast period due to rise in health care expenditure. In May 2017, the Government of Australia announced a grant of around US$ 300 Mn to set up new hospitals in Melbourne, along with an additional grant of US$ 170 Mn, with the aim to increase operating rooms and reduce wait times for elective surgical procedures in the country.
Major players operating in the global surgical cushions market are:
OPT SURGISYSTEMS S.R.L
HK Surgical Inc.
Natus Medical Incorporated
David Scott Company
Key Players Operating in Global Surgical Cushions Market
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- Surgical Cushions Market: Growing Number of Healthcare Facilities to Drive Market Boost
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