The global operating room equipment market is growing substantially due to increasing investment in research and development for the expansion of technologically advanced equipment, rapid transformation from conventional to hybrid operating rooms and growing medical tourism in emerging economies. Massive unexplored market in operating room equipment industry of developing economies are creating ample opportunities for the operating room equipment market to grow at a considerable rate in coming years.
The advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the operating room equipment industry. Operating rooms are exclusively tailored rooms in a hospital to execute surgical operations and boost better patient care. In addition, technologically advanced equipment enhances operational efficiency by endowing healthcare professionals and surgeons. It comprises of especially designed equipment, such as operating tables, operating room lights, high resolution and high definition surgical imaging displays, and surgical booms.
On the basis of product type, the market can be categorized as operating room lights, surgical imaging displays, surgical booms, operating tables, and operating room integration systems. Operating tables leads the market in terms of market size; whereas, the operating room integration systems and operating booms are expected to be the two fastest growing segments in the coming years due to increasing demand for hybrid operating rooms, which require these equipment for proper equipment integration and space management. Operating tables are further segmented on the basis of types as standard operating table and specialty operating tables. Specialty operating tables are expected to grow at the faster rate during the forecast period due to increasing demand for specialty operating tables.
Some of the factors driving the growth of the global operating room equipment market are increasing number of geriatric population, rising demand for hybrid operating room in developed countries, rising demand for range of modern operating room equipment and increasing number of surgeries. In addition, increasing numeral of ambulatory surgical centers, increasing prevalence of chronic diseases, and increasing healthcare expenditure are also some of the factors stimulating the growth of the global operating room equipment market. However, excessive cost of operating room equipment and presence of alternatives, such as purchase of refurbished or used operating room equipment, are some of the factors restraining the growth of the operating room equipment market to some extent.
Geographically, North America will be leading the global operating room equipment market in the coming years, due to demand created by increasing number of operating rooms and introduction of technologically advanced operating room equipment. The market in North America and Europe would largely rely on the replacement of existing equipment with the technologically advanced operating equipment. Asia-Pacific is the fastest growing region in the global operating room equipment market. The major reasons for the fastest growth of operating room equipment market in the region are increasing healthcare expenditure, large pool of patients, increasing medical tourism, increasing government support, and improving healthcare infrastructure in the region. Moreover, the operating room equipment market is growing due to increasing awareness of healthcare and increasing penetration by developed countries based equipment manufacturers in the emerging countries, such as India and China, of Asia-Pacific region.
Some of the companies operating in the global operating room equipment market are Karl Stroz GmbH & Co. KG, Berchtold Corporation, NDS Surgical Imaging, LLC, TRUMPF GmbH & CO. KG, Skytron, LLC, Steris Corporation, Getinge Group, Mizuho OSI, Eschmann Equipment, and Stryker Corporation.
Report Coverage
- Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
- Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
- Uncovers potential demands in the market
- Porter analysis identifies competitive forces within the market
- Provides information on the historical and current market size and the future potential of the market
- Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
- Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
- Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market
