The increasing government funding, rising number of product approvals provided for various operating devices and various technological advancements are major factors expected to drive the market in the forecast period.
Market Size – USD 27.16 Billion in 2019, Market Growth - CAGR of 3.6%, Market Trends– increasing demand for minimally invasive surgery procedures owing to decreased stay at hospitals and cost-effective procedures are expected to drive the market.
According to the current analysis of Reports and Data, the Operating Room Equipment market was valued at USD 27.16 billion in 2019 and is expected to reach USD 35.96 billion by the year 2027, at a CAGR of 3.6%. The equipment used in the various surgical procedures in the operating rooms present in hospitals and clinics is of crucial importance for patient compliance. The operating rooms equipment market is widely driven by the increasing favourable funding scenario by government and other bodies. Moreover, number of hospitals in various developing regions such as China, India, and others has expanded as a result of increased medical tourism. Operating Room Equipment market in regions such as Thailand, the Philippines, Malaysia, and Taiwan regions are growing at a faster pace as more hospitals and clinical setups are introduced in the region. The increasing technological advancements in the operating room equipment for better outcomes in the surgical procedures are expected to fuel the market. For instance, hybrid operating room is designed with the latest interventional devices and medical imaging systems. The technology has successfully reshaped the industrial dynamics of healthcare. Additionally, the rising geriatric population, which is considered to be highly prone to various diseases owing to surgical assistance, would also contribute to the market growth. For instance, the World Population Prospects by the United Nations estimate that the global geriatric population is expected to double by 2050, and is expected to be 2.1 billion in 2050 from 962 million in 2017. The risings cases of chronic diseases, roadside accidents, and household mishaps could also drive the market intensely in various regions. For instance, according to the American College of Cardiology, cardiovascular diseases remain the leading cause of death in chronic diseases. In 2019, there were around 1,055,000 cases of coronary events recorded in the United States. Advanced infrastructure of operating rooms equipped with technically advanced devices offers ease of handling and greater flexibility to ensure better operational efficiency and patient care. For instance, monitors used in operating room are now voice-controlled surgical technology which is a safety improvement trend. This, in turn, is expected to have a significant impact on the global demand for equipment for the operating rooms. Furthermore, huge investments are provided to multiple specialty hospitals to improve their facilities and infrastructure for patient health. However, the price and unaffordability in emerging economy could be a restraining factor that may hinder the market growth during the forecast period.
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The report provides a complete analysis of the global Operating Room Equipment market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
Koninklijke Philips N.V., STERIS plc, Stryker Corporation, Siemens Healthineers, Hill-Rom Holdings, Inc., Medtronic, Inc., Drägerwerk AG & Co. KGaA, Getinge Group, GE Healthcare, and Mizuho OSI.
For the purpose of this report, Reports and Data has segmented the Operating Room Equipment market on the basis of type, end use and region:
By Type Outlook (Revenue in Million USD; 2017–2027)
- Anesthesia Machines
- Electrosurgical Units
- Diagnostic Imaging Devices
- Multi-parameter Patient Monitors
- High Acuity
- Medium Acuity
- Low Acuity
- Surgical Imaging Devices
- Mobile C-Arms
- Mini C-Arms
- Operating Tables
- Traditional Lights
- LED Lights
- Operating Room Lights
- Others
By End Use Outlook (Revenue in Million USD; 2017–2027)
- Hospitals
- Outpatient Facilities
- Ambulatory Surgery Centers (ASCs)
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Operating Room Equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In-depth regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Operating Room Equipment market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Operating Room Equipment market size
2.2 Latest Operating Room Equipment market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Operating Room Equipment market key players
3.2 Global Operating Room Equipment size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Operating Room Equipment market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
About Reports and Data
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The Operating Room Equipment Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global operating room equipment market are GE Healthcare, Getinge AB, Hill Rom, Karl Storz GmbH & Co. Kg, Medtronic, Philips Healthcare, Siemens Healthineers, Skytron, STERIS plc, and Stryker Corporation.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Operating Room Equipment Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/operating-room-equipment-market/download-sampleMarket DynamicsThe rising number of surgeries across the globe coupled with technological innovation in medical devices is escalating the operating room equipment market growth.
Moreover, rising investments for the upgradation of hospitals, the development of new operating rooms, and an increase in the number of hospitals is further boosting the market demand.
On the flip side, high cost associated with operating room equipment restricts the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
The global operating room equipment market size was valued at USD 26.24 billion in 2016 and is expected to reach USD 48.50 billion by 2025, at CAGR of 7.2%.
Growing demand for improved medical facilities coupled with transition from conventional to state-of-the-art operation theaters is anticipated to escalate the operating room equipment market over the forecast period.
Technological transformations, infrastructural development and high investments in the medical devices by hospital and healthcare centers are expected to spur the medical equipment demand over the forecast period.
Development of hybrid operating rooms has prompted the installation of multi-purpose equipment, enabling automated results coupled with high operational efficiency, providing ample space for the introduction of high end equipment.High occurrence of medical disorders among geriatric population along with the prevalence life threatening diseases is anticipated to fuel advanced operating equipment demand.
Rise in number of high-end operating rooms accompanying advanced equipment along with increasing number of ASC (Ambulatory Surgical Center) is anticipated to substantially drive the level of innovation among manufacturers instigating them to provide latest technologies.For further inquiries, about - Global Operating Room Equipment Industry Analysis, Size, Growth, Trends and Forecast 2014 - 2025, click on this link – https://www.millioninsights.com/industry-reports/operating-room-equipment-marketAdvanced and efficient operating tables, surgical booms, operating room integration systems, operating room lights, surgical headlights, surgical light sources and surgical imaging display forms an integral part of the new age hybrid theaters.
Further, anesthesia equipment, electrosurgical generators, defibrillators, respiratory ventilators, endoscopy equipment, vital sign monitors, pneumatic tourniquet, infusion pumps, surgery microscopes, medical stainless steel, patient warmers, suction pumps, hospital stretchers, medical warmers, hospital stretchers, autoclaves & sterilizers, sequential compression devices and vaporizers & accessories contributes essential functionalities to an operating theater.Integration of non-surgical and surgical equipment in the hybrid operating rooms including patient monitoring, diagnostics and radiology among others coupled with imaging techniques such as MRI scanners, CT scanners and C- arm provides better ease and flexibility to the specialist to perform the task.
