The latest report by IMARC Group, titled "Operating Room Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," finds that the global operating room equipment market size reached US$ 34.8 Billion in 2022. An operating room (OR), also known as a surgery center, is a hospital room where surgical procedures and operations are carried out by medical professionals. These procedures are carried out with various equipment, such as operating tables, surgical booms and displays, scrub sinks, surgical lights, operating room (OR) integration systems, and nurse documentation stations. They are also sterilized regularly to provide specialized care to patients with specific conditions. At present, there is an escalating demand for OR equipment across the healthcare industry in hospitals, ambulatory surgical centers (ASCs), and outpatient facilities.
Global Operating Room Equipment Market Trends:
The market is primarily driven by the increasing number of surgeries across the globe. In addition, the growing inclination toward minimally invasive procedures due to reduced hospital stays, lesser trauma, and cost-effective treatment represents another major growth-inducing factor. Besides this, governments of numerous countries are investing in the medical sector to develop hospitals, install new ORs, and increase the number of ambulatory surgery centers. This, coupled with the rising geriatric population that is more susceptible to various diseases, is positively influencing market growth. Moreover, the market is also propelled by the growing prevalence of gastrointestinal disorders, cancer, and lifestyle diseases among the masses. Furthermore, extensive research and development (R&D) activities conducted by key players to introduce 3D surgical imaging solutions and various technological advancements in medical devices are also creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 48.7 Billion by 2028, exhibiting a CAGR of 5.5% during the forecast period (2023-2028).
- Based on the product type, the market has been segregated into anesthesia devices, endoscopes, operating room tables and lights, electrosurgical devices, surgical imaging devices, patient monitors, and others.
- On the basis of end user, the market has been classified into hospitals, ambulatory surgical centers, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some 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.
|Base Year of the Analysis
||Product Type, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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
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