Operating Room Equipment Market Forecasting 2021-2028
Market Overview
· Operating Rooms (ORs) are specialized workspaces used by surgeons and other personnel and require high quality and functional equipment. These operating room equipment are essential to delivering quality care to patients. The global Operating Room Equipment market was valued at USD 26 billion in 2020, growing at a CAGR of 7%.
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What are the Growth factors of the global Operating room equipment market?
· The Operating Room Equipment market is driven by an increase in the number of surgeries being performed, a growing number of ambulatory surgical centers, and above all rising demand for hybrid operating rooms. However, high cost associated with the latest technology devices act as a significant barrier for this market.
· A recent trend observed in the market is that the hospitals across the globe are increasingly adopting the concept of hybrid operating rooms. A hybrid operating room combines the operating room equipped with advanced medical imaging devices.
Application-based Regional Analysis
· The global Operating Room Equipment market report segments the market by product type, by end-user, and by region.
· Various type of equipment is required for use in the OR. On this basis, the market is segmented into Operating Tables, Surgical Lights, Surgical Imaging Displays, Operating Room Integration Systems, Anesthesia Systems, and Surgical Booms. Based on end-user, the global market for operating room equipment is segmented into hospitals and ambulatory surgical centers.
· Hospitals accounted for the largest market share of this segment owing to the increased investments in healthcare infrastructure & use of advanced technologies.
· Geographically, the market is segmented into five major regions, namely North America, South America, Europe, Asia Pacific, and RoW. North America is the leading market for operating room equipment owing due to the presence of various healthcare institutions, a well-developed healthcare infrastructure, and massive investment on R&D in this region.
· The report also profiles the following companies in the Operating Room Equipment market – Philips Healthcare, Maquet Holding, Medtronic, Getinge AB, Stryker Corporation, Karl Storz, STERIS plc and so on.
Market Outlook
By Product Type
· Operating Tables
· Surgical Lights
· Surgical Imaging Displays
· Operating Room Integration Systems
· Anesthesia Systems
· Surgical Booms
By End-User
· Hospitals
· Ambulatory Surgery Centres
By Region
· Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
· Europe (Germany, France, The UK, Italy, Spain, Rest of Europe)
· North America (The USA, Canada, Mexico)
· South America (Brazil, Argentina, Rest of South America)
· Rest of the World
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