IMARC Group, a leading market research company, has recently releases report titled “Operating Room Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global operating room equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Operating Room Equipment Market?

The global operating room equipment market size reached US$ 34.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

An operating room (OR), also known as a surgery center, is a healthcare facility wherein operations are carried out by medical professionals. It includes various equipment such as surgical booms, lights and displays, blanket warmers, scrub sinks, operating room (OR) integration systems, surgical lights, operating tables, nurse documentation stations, surgical navigation systems, electrosurgical and surgical imaging devices, anesthesia, sterilizer, and suction machine. They are used to conduct surgeries, offer specialized care to patients with specific conditions, and ensure enhanced operational efficiency. As a result, operational room equipment is widely adopted in healthcare, ambulatory surgical centers (ASCs), and outpatient facilities across the globe.

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What are the growth prospects and trends in the operating room equipment industry?

The market is primarily driven by the significant expansion in the healthcare industry and the increasing prevalence of chronic diseases such as gastrointestinal disorders, cancer, lifestyle-related diseases, and hospital-acquired infections (HAIs) across the globe. In addition, the rising investment in healthcare infrastructure development projects, the growing geriatric population, and the increasing number of surgeries are contributing to the market growth.

Moreover, various technological innovations in medical devices, such as the introduction of high-resolution monitors, endoscopic towers, C-arms, and operating towers, represent another major growth-inducing factor. Besides this, the growing inclination toward minimally invasive surgeries as they offer minimized hospital stay, quick recovery, less trauma, and cost-effective procedures is providing a positive thrust to the market growth.

Furthermore, extensive research and development (R&D) activities conducted by key players, the emergence of three-dimensional (3D) surgical imaging in endoscopic surgeries, and several government initiatives to improve medical facilities are creating a favorable market outlook across the globe.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Anesthesia Devices
  • Endoscopes
  • Operating Room Tables and Lights
  • Electrosurgical Devices
  • Surgical Imaging Devices
  • Patient Monitors
  • Others

Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Dragerwerk AG & Co. KGaA, General Electric Company, Getinge AB, Hill-Rom Holdings Inc. (Baxter International Inc.), Karl Storz SE & Co. KG, Koninklijke Philips N.V., Medtronic plc, MIZUHO Corporation, Siemens Healthineers AG (Siemens AG), Skytron LLC, STERIS Corporation and Stryker Corporation.

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