The global operating room equipment market size reached US$ 34.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global operating room equipmentmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
Operating Room Tables and Lights
Surgical Imaging Devices
Breakup by End User:
Ambulatory Surgical Centers
Breakup by Region:
Middle East and Africa
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.
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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Key Questions Answered in This Report
The global operating room equipment market was valued at US$ 34.8 Billion in 2022.
We expect the global operating room equipment market to exhibit a CAGR of 5.5% during 2023-2028.
The rising employment of operating room equipment to offer better patient care with enhanced operational efficiency in a sterile environment is primarily driving the global operating room equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective surgeries to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for operating room equipment.
Based on the product type, the global operating room equipment market has been segregated into anesthesia devices, endoscopes, operating room tables and lights, electrosurgical devices, surgical imaging devices, patient monitors, and others. Among these, surgical imaging devices currently hold the largest market share.
Based on the end user, the global operating room equipment market can be bifurcated into hospitals, ambulatory surgical centers, and others. Currently, hospitals exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global operating room equipment market include 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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