Operating Room Equipment Market accounted 26455.4 USD million in 2020 and is expected to reach 41479.3 USD billion by 2030 growing with a CAGR of 4.6% during the forecast period. Operating room, which is also known as an operation theatre is a facility where all the surgical procedures are performed on patients in order to treat different physiological and pathological conditions in a sterile environment. An operating equipped with precise instruments and advanced equipment provides surgeons and by offering greater flexibility during surgical procedures, and as a result, greater operational efficiency. This market consists of sales of operating room equipment and also provides related services. Now a days, operating room are becoming more capacious with new and advanced surgical beds, operating tables with accessories, operating room lights, high resolution & definition surgical imaging display, and movable imaging that have become crucial part of modern hybrid operating rooms. Patient safety is one of the most significant parts behind operating room designing and instalment of each device along with their position is determined by the respective medical institution. The importance of sterilization and single used accessories is mounting due to the rising generality of hospital-acquired infections which are one of the most life-threatening infections. So, the accessories of anesthesia and respiratory devices that come in contact with patients are one time use. Operating room equipment market has been propelling significantly over the last two decades, attributed to increasing awareness related to early disease diagnosis for chronic diseases and supportive medical reimbursement policies are facilitating the growth in a number of surgeries and critical disease diagnosis.
Market Segmentation:
Based on product type, the global operating room equipment market is segmented into surgical imaging devices, operating room table, operating room integration system, electrosurgical devices, operating room lights (traditional and light emitting diode), patient monitors, anesthesia devices and others. Based on surgical imaging devices, the market is further classified into mobile and mini. By operating room table, the market is further divided into general and specialty. Based on operating room lights, market is subdivided into traditional and light emitting diode. On basis of end user, the market is categorised as hospitals and ambulatory surgical devices. By region, the operating room equipment market is segmented into North America (NA), Europe (EU), Asia Pacific (APAC), and RoW.
Market Dynamics and Factors:
Rapid rise in the geriatric population, increase in incidence of chronic disease, rise in number of surgeries, and rise in the number of ambulatory surgical centres (ASCs) are the major drivers for the growth of the global operating room equipment market. Moreover, innovation in technology, increase demand for hybrid operating room devices which support high quality interventional imaging and minimally invasive surgeries are some of the other factors which will drive the operating room equipment market. Multi-tasking equipment and smart devices are carrying out complex surgeries in the operating room will also propel the demand in these markets. However, the high cost associated with the operating room equipment is responsible to restrain the market growth. Moreover, growing demand driven by patient satisfaction, high quality, cost-effective procedures are creates immense opportunities for the market growth. Further, effective supply management, and provide specific strategies on product standardization along with reduction of waste are considered to be the challenge for operating room equipment market.
Geographic Analysis:
North America is expected to largest shares in the growth of operating room equipment market due to rapid technological innovations, huge investment on research and development during the forecast period. IN 2017, the U.S. and Canada held a major share of the global market attributed to the replacement of conventional equipment with new and technically advanced versions with innovative features. Other hand, Asia-Pacific is projected to the fastest growth market due to large consumer base, rising government initiatives for enhancing healthcare infrastructure, and high disposable income. In addition, Europe including the United Kingdom, France, Germany, and Italy is anticipated to the growth of operating room equipment market by increase in development of health care infrastructure and increase in the base of the target patient population i.e. people over 65 during the forecast period.
Competitive Scenario:
The key players of global operating room equipment market are Getinge AB, Creative Health Tech Pvt. Ltd., Steris Corporation, Stryker Corporation, Koninklijke Philips N.V, Getinge AB, Hill-Rom Holdings, Inc., General Electric Company, Siemens Healthcare GmbH and Mizuho OSI, Inc.
Operating Room Equipment Market Report Scope
| Report Attribute | Details |
| Analysis Period | 2020–2030 |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Market Size Estimation | Million (USD) |
| Growth Rate (CAGR%) | 4.6 % |
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| By Product Type (Surgical Imaging Devices (Mobile C-Arms And Mini C-Arms), Operating Room Table (General And Specialty), Operating Room Integration System, Electrosurgical Devices, Operating Room Lights (Traditional And Light Emitting Diode), Patient Monitors, Anesthesia Devices And Others), By End User (Hospitals And Ambulatory Surgical Devices) |
| Geographical Segmentation | North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa) |
| Key Companies Profiled | Getinge AB, Creative Health Tech Pvt. Ltd., Steris Corporation, Stryker Corporation, Koninklijke Philips N.V, Getinge AB, Hill-Rom Holdings, Inc., General Electric Company, Siemens Healthcare GmbH and Mizuho OSI, Inc. |
