Operating Room Equipment Market, 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)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Operating Room Equipment Market size is estimated at USD 48.5 billion in 2024, and is expected to reach USD 78.27 billion by 2034, growing at a CAGR of 5.4% during the forecast period.

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.

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.

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:

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:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 – 2034
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)
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
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:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

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.

• 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