Industry Outlook

Operating room equipment market accounted for a market value of US$ 28,917.6 Mn in 2017 and projected to grow at a CAGR of 5.9% during the forecast period from 2018 to 2026. Operating rooms equipment have evolved drastically over the years and it’s the result of constant innovation in the technology of medical devices and changing requirements of medical practitioners performing various types of surgical procedures. However, the recent wave of upgrading a device with smart technology is not new in healthcare most of the patient monitoring and diagnostic devices have been upgraded and can be accessed from any corner of the hospital by medical practitioners. Thus, this flexibility and availability of patient data on a click has reduced majority of the complexities developing in operating room.

"Increasing number of ambulatory surgical centers expected to assist the demand for operating room equipment market"

Ambulatory surgical centers have been currently the fastest growing healthcare facilities globally due to increasing demand for cost-efficient and minimally invasive surgeries. In addition to that, its accessibility for patients is high due to its strategic placement in tier II and tier III areas of most developed and developing countries. To compete with ambulatory surgical centers many hospitals are focusing on their outpatient care centers due to which the demand for operating room equipment will significantly rise throughout the forecast period. According to AmSurg, In the United States over 2010 to 2015, the number of ambulatory surgical centers operating rooms (ORs) increased 2-3% per year as new construction increasingly skewed toward larger facilities and existing facilities added operating room capacity.

"Asia Pacific identified as the fastest growing operating room equipment market due to rising number of hospitals & outpatient care centers, and booming medical tourism industry"

Asia Pacific is the most populated region due to presence of two most populated countries such as China & India. These two countries also known for their skyrocketing economic growth that is also assisting the infrastructure growth in healthcare sector. The infrastructural development in healthcare sector carried out by establishing healthcare facilities in remotest towns of the country, which assisted the overall growth in the awareness related to chronic disease and its treatment. The reimbursement scenario is also changing in Asia Pacific and well established in developed and developing countries but awareness related to supportive medical insurance is increasing which expected to assist the growth in number of patients approaching healthcare facilities for treatment. The number of private hospitals is increasing in Asia due to failure of the public hospital sector, as they are unable to meet changing community needs due to insufficient financial and policy support.

This report also comprises attractive investment proposition analyzed with the help of in-depth geographical research based on PESTEL analysis. Major players profiled in the report include Philips Healthcare, Medtronic, Getinge AB, Stryker Corporation, Siemens Healthineers, Karl Storz GmbH & Co. Kg, GE Healthcare, Hill Rom (Trumpf Medical), STERIS plc, and Skytron among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Operating Room Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Operating Room Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Operating Room Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Operating Room Equipment market?
• Which is the largest regional market for Operating Room Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Operating Room Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Operating Room Equipment market worldwide?