The global operating room equipment market size reached US$ 36.7 Billion in 2023. Looking forward, the market is projected to reach US$ 56.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2023-2032.
Also known as a surgery center, an operating room (OR) is a hospital facility wherein surgical procedures are carried out by medical professionals. It is a sterile environment designed for providing specialized care to patients with specific conditions. It is equipped with various equipment, such as surgical lights, operating tables, surgical booms and displays, operating room (OR) integration systems, scrub sinks, and nurse documentation stations. At present, there is a rise in the employment of OR equipment in the healthcare industry as they offer better patient care and enhanced operational efficiency.
In line with this, the expanding healthcare industry is offering lucrative growth opportunities to industry investors. Besides this, there is a rise in the prevalence of cancer, gastrointestinal disorders, and lifestyle-related diseases among the masses. This, along with the growing patient inclination for endoscopic procedures, is positively influencing the market. Additionally, key market players are focusing on research and development (R&D) activities to introduce 3D surgical imaging in endoscopic surgeries, which is bolstering the growth of the market.
2. What is the expected growth rate of the global operating room equipment market during 2024-2032?
3. What are the key factors driving the global operating room equipment market?
4. What has been the impact of COVID-19 on the global operating room equipment market?
5. What is the breakup of the global operating room equipment market based on the product type?
6. What is the breakup of the global operating room equipment market based on the end user?
7. What are the key regions in the global operating room equipment market?
8. Who are the key players/companies in the global operating room equipment market?
Also known as a surgery center, an operating room (OR) is a hospital facility wherein surgical procedures are carried out by medical professionals. It is a sterile environment designed for providing specialized care to patients with specific conditions. It is equipped with various equipment, such as surgical lights, operating tables, surgical booms and displays, operating room (OR) integration systems, scrub sinks, and nurse documentation stations. At present, there is a rise in the employment of OR equipment in the healthcare industry as they offer better patient care and enhanced operational efficiency.
Operating Room Equipment Market Trends
The growing number of surgeries globally, along with the introduction of technological innovations and advancements in medical devices, represent one of the key factors driving the market. Moreover, there is an increase in the adoption of minimally invasive procedures due to lesser trauma, reduced hospital stays, and cost-effective procedures. This, coupled with the rising geriatric population across the globe, is propelling the growth of the market. In addition, governments of several countries are extensively investing in the medical sector to enhance hospitals, develop new ORs, and increase the number of new ambulatory surgery centers around the world.In line with this, the expanding healthcare industry is offering lucrative growth opportunities to industry investors. Besides this, there is a rise in the prevalence of cancer, gastrointestinal disorders, and lifestyle-related diseases among the masses. This, along with the growing patient inclination for endoscopic procedures, is positively influencing the market. Additionally, key market players are focusing on research and development (R&D) activities to introduce 3D surgical imaging in endoscopic surgeries, which is bolstering the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global operating room equipment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type and end user.Breakup by Product Type:
- Anesthesia Devices
- Endoscopes
- Operating Room Tables and Lights
- Electrosurgical Devices
- Surgical Imaging Devices
- Patient Monitors
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Dragerwerk AG & Co. KGaA, General Electric Company, Getinge AB, Hill-Rom Holdings Inc. (Baxter International Inc.), Karl Storz SE & Co. KG, Koninklijke Philips N.V., Medtronic plc, MIZUHO Corporation, Siemens Healthineers AG (Siemens AG), Skytron LLC, STERIS Corporation and Stryker Corporation.Key Questions Answered in This Report
1. What was the size of the global operating room equipment market in 2023?2. What is the expected growth rate of the global operating room equipment market during 2024-2032?
3. What are the key factors driving the global operating room equipment market?
4. What has been the impact of COVID-19 on the global operating room equipment market?
5. What is the breakup of the global operating room equipment market based on the product type?
6. What is the breakup of the global operating room equipment market based on the end user?
7. What are the key regions in the global operating room equipment market?
8. Who are the key players/companies in the global operating room equipment market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Operating Room Equipment Market
6 Market Breakup by Product Type
7 Market Breakup by End User
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Dragerwerk AG & Co. KGaA
- General Electric Company
- Getinge AB
- Hill-Rom Holdings Inc. (Baxter International Inc.)
- Karl Storz SE & Co. KG
- Koninklijke Philips N.V.
- Medtronic plc
- MIZUHO Corporation
- Siemens Healthineers AG (Siemens AG)
- Skytron LLC
- STERIS Corporation
- Stryker Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 36.7 Billion |
| Forecasted Market Value ( USD | $ 56.4 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
