Global Operating Room Equipment Market Overview
Operating room equipment is also known as the operation theatre or operating suite. It is a room where all the surgical procedures are performed on patients in order to treat different physiological and pathological conditions in a sterile environment. The room is designed with technically advanced equipment which provides better patient care and improves operational efficiency by empowering healthcare professionals and surgeons with greater flexibility and ease of handling.
Impact of Covid-19 pandemic on market
Due to Covid-19 outbreak, essential life-saving devices are witnessing significant shortage in the market. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of equipment’s. This report will quantify the impact of this pandemic on the operating room equipment market.
Global Operating Room Equipment Market Dynamics
Growth in the investment by government bodies
Rising popularity of minimally invasive procedures due to related benefits such as reduced hospital stays, lesser trauma, and cost-effective procedures is one of the subsidizing factors responsible for the extension of the market. Growth in the investment by government bodies worldwide is boosting the target market. For instance, the Indian government, under its Pradhan Mantri Swasthya Suraksha Yojana permitted INR 200 crores for the procurement of medical equipment & modular operation theaters and INR 620 crores for cost of construction. Further, growing investments for the development of new operating rooms, upgradation of hospitals, and an increase in the number of new hospitals & ambulatory surgery centers are projected to boost the growth in future. For instance, in 2016, KIMS hospital in Kent, UK, started its fifth operating theater to meet the increasing demand for orthopedic surgeries and invested GBP 250,000 in new technologies for its newly opened operating room.
High cost of technologies
High cost associated with the latest medical device technologies acts as major restraining factor for the target market. The cost of installation and maintenance of the device is little high which is quietly hampering the growth rate of the target market. Less knowledge over the utilization of equipment in the rural areas is a challenging thing for the operating room equipment market developers.
Global Operating Room Equipment Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global operating room equipment market is segmented based on type, end-user, and region.
On the basis of type, the global operating room equipment market is segmented into anesthesia machines, electrosurgical units, multi-parameter patient monitors, surgical imaging devices, operating tables, and operating room lights. On the basis of end-user, the global market is classified into hospitals, outpatient facilities, and ambulatory surgery centers (ASCs).
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the global operating room equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2017, North America lead the operating room equipment market with a revenue share of around 37.3%. Growing prevalence of chronic diseases in the region, huge geriatric population base, growing number of ambulatory surgical centers and sophisticated healthcare infrastructure are key market growth drivers. Higher adoption of technological advancements and growing demand for minimally invasive surgeries are also propelling growth in the region. Asia Pacific is projected to witness fastest growth over the forecast period. Factors accounted for faster emergence are large patient pools, high prevalence of chronic diseases, and increasing number of hospitals & healthcare facilities with improving infrastructure in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2019 – 2024 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2024 |
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Market Segmentation |
By Type- Anesthesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, and Operating Room Lights By End-user– Hospitals, Outpatient Facilities, and Ambulatory Surgery Centers (ASCs) |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2024. For the purpose of this study, has segmented the global operating room equipment market report based on type, end-user, and region.
Global Operating Room Equipment Market, By Type:
- Anesthesia Machines
- Electrosurgical Units
- Multi-parameter Patient Monitors
- Surgical Imaging Devices
- Operating Tables
- Operating Room Lights
Global Operating Room Equipment Market, By End-user:
- Hospitals
- Outpatient Facilities
- Ambulatory Surgery Centers (ASCs)
Global Operating Room Equipment Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Operating Room Equipment Market Key Players
The key players operating in the global operating room equipment market includes Steris Corporation, Stryker Corporation, Getinge Group, Koninklijke Philips N.V., Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Medtronic, plc., General Electric Company, Mizuho SOI, and Karl Storz GmbH & Co. Kg. New product launches and huge funding for R&D are crucial strategies deployed by dominating companies to account a larger share of the target market. For instance, in August 2019, Hillrom acquired Breathe technologies for US$ 130 million where the Breathe has launched a modular ventilator system for home and external settings.
Global Operating Room Equipment Market Company Profile
- Steris Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stryker Corporation
- Koninklijke Philips N.V.
- Getinge Group
- Hill-Rom Holdings, Inc.
- Drägerwerk AG & Co. KGaA
- General Electric Company
- Medtronic, plc.
- Mizuho SOI
- Karl Storz GmbH & Co. Kg.
“*” marked represents similar segmentation in other categories in the respective section
Global Operating Room Equipment Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Operating Room Equipment Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Operating Room Equipment Market, By Type, 2019 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2024
- Y-o-Y Growth Analysis (%), 2019 – 2024
- Segment Trends
- Anesthesia Machines
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Electrosurgical Units
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Multi-parameter Patient Monitors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Surgical Imaging Devices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Operating Tables
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Operating Room Lights
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Overview
- Global Operating Room Equipment Market, By End-user, 2019 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2024
- Y-o-Y Growth Analysis (%), 2019 – 2024
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Outpatient Facilities
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2024
- Overview
- Global Operating Room Equipment Market, By Region, 2019 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2024
- Y-o-Y Growth Analysis (%), 2019 – 2024
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2024
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2024
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2024
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2024
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2024
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2024
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2024
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2024
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2024
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2024
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Steris Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Stryker Corporation
- Koninklijke Philips N.V.
- Getinge Group
- Hill-Rom Holdings, Inc.
- Drägerwerk AG & Co. KGaA
- General Electric Company
- Medtronic, plc.
- Mizuho SOI
- Karl Storz GmbH & Co. Kg.
- Steris Corporation
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global operating room equipment market is segmented based on type, end-user, and region.
Growth in the investment by government bodies drives the market of operating room equipment.
North America has the greatest account of shares market for operating room equipment.
The key players operating in the global operating room equipment market includes Steris Corporation, Stryker Corporation, Getinge Group, Koninklijke Philips N.V., Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Medtronic, plc., General Electric Company, Mizuho SOI, and Karl Storz GmbH & Co. Kg.