The growth of the overall operating room equipment market can be attributed to the growing investments, funds, and grants by government bodies worldwide, rising number of hospitals, increasing patient preference for minimally invasive surgeries, growing number of regulatory approvals for operating room equipment, and growing number of geriatric population coupled with the increasing number of surgeries globally.
The operating room equipment market is projected to reach USD 29.15 Billion by 2020 from USD 24.31 Billion in 2015, at a CAGR of 3.7% in the next five years (2015 to 2020).
In the coming years, the operating room equipment market is expected to witness the highest growth rate in the Asia-Pacific region. The high growth in the region can be attributed to growing number of hospitals in Asia, increasing number of German-Asian partnerships in Asia, government initiatives to increase the number of doctors in China, Japan’s growing healthcare industry, government funding in India, favorable healthcare system and conferences in Australia, increasing medical tourism in Thailand and Singapore, and increasing government investments in Philippines among others.
Major Key Players of the Operating Room Equipment Market are:
STERIS Corporation (U.S.), Getinge Group (Sweden), Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Dräger) (Germany), GE Healthcare (U.K.), Mizuho OSI (U.S.), Philips Healthcare (The Netherlands), Medtronic, Inc.
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Operating Room Equipment Market, by Type
- Surgical Instruments
- Disposable Materials
- Accessories
- Other OR Supplies
The Operating Room Equipment Market is segmented into Anesthesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, and Operating Room Lights. In 2015, Anesthesia Machines is expected to command the largest share of the global operating room equipment market, by type.
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The Operating Room Equipment Market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.
