Global Operating Room Equipment Market Extensive Growth Opportunities

Posted by Arslan in Finance on January 11th, 2019

The global operating room equipment is expected to witness an impressive growth attributed to growing prevalence of psychological and pathological disorders. Manufacturers witness considerable demand for operating room equipment in order to provide enhanced patient care system in a sterile environment. Hospitals and ambulatory surgical centers are expected to witness significant demand for the operating room equipment in the healthcare industry. Hospitals in North America is expected to witness high demand for operating room equipment as compared to other end users in the global market. Consumption of movable imaging systems is expected to remain high among the surgeons and medical professionals. North America will remain the largest market for operating room equipment globally.

Operating room equipment is used by the surgeons in an operational theatre or operation room for performing surgeries such as pathological and psychological disorders. These devices enable the surgeons to diagnose and monitor medical conditions in a sterile environment. Equipped with enhanced technology, several operating room equipment are used for minimally invasive medical surgeries.

A recently published report by Fact.MR reveals that the Global Operating Room Equipment Market is expected to register a healthy CAGR, and will represent a value of over US$ 37,000 Mn by the end of 2022.

Consumption in Healthcare Industry

Operating room equipment witness a considerable demand for the treatment of pathological and psychological disorders. Growing need for improved operational efficiency and patient care system in the healthcare industry has revved up demand for enhanced equipment. Treatment of medical infections and diseases has further fuelled demand for technically enhanced equipment in the healthcare industry. Increasing demand for technically enhanced equipment with minimally invasive features among the healthcare professionals is expected to impact growth of the global operating room equipment market.

Significant Demand for Enhanced Technology

A recent news update reveals that the manufacturers are increasingly using electrosurgical technologies that enable treatments such as incision of sealing wounds through electrical energy. Healthcare professionals prefer techniques that use virtual reality, and patient imaging scans as compared to the traditional techniques for the treatment of medical infections and diseases. Bound to such factors, the global operating room equipment is expected to witness a surge in growth during the predicted period.

Moreover, equipped with imaging technology, smart needles enables surgeons to see the tissues and blood vessels that need to be operated. Equipped with mechanical and computational technologies has significantly enhanced surgical performances and benefitted the surgeons. Such factors are expected to impact growth of the global operating room equipment market throughout 2022.

Movable Imaging System to Register Robust Growth

Movable imaging system is expected to witness the highest revenue growth in the global operating room equipment market. This segment is expected to represent a value of over US$ 4,000 Mn by the end of 2022. Biomedical systems is expected to witness the second highest revenue growth in the global operating room equipment market by 2022 – end. North America is expected to represent the largest market for operating room equipment in terms of revenue globally. Movable imaging system is expected to register the highest CAGR growth, followed by endoscopes in the global market.

Hospital is expected to witness the highest revenue growth in the global operating room market. This segment is expected to represent a value of over US$ 8,400 Mn by the end of 2022. Ambulatory surgical centers is expected to witness the second highest revenue growth in the global market. However, this segment is expected to register the highest CAGR growth in the global operating room equipment market throughout 2022. Hospitals is expected to register the second highest CAGR growth in the global operating room equipment market through 2022. In North America, hospitals and ambulatory surgical centers are expected to witness highest demand for operating room equipment globally. Ambulatory surgical centers is expected to register the highest CAGR in APEJ through 2022.  

Competition Tracking

Key market players operating in the global operating room equipment market include Steris Plc, Stryker Corporation, Getinge AB, Hill-Rom Holdings, Inc., Dragerwerk AG & Co. KGaA, Mizuho OSI, Inc., Koninklijke Philips N.V., KARL STORZ GmbH & Co. KG, Medtronic, plc, and General Electric Company. 


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