The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Operating Room Equipment Market was valued at $27 million in 2016, and is estimated to reach $43 million by 2023, growing at a CAGR of 7.4% during the forecast period.
Operating room (OR), which is also well known as an operation theatre or operating suite, is a facility that is used to perform surgical procedures. The facility is used in treating different physiological and pathological conditions in a highly sterile environment. An operating room that is fully equipped with advanced equipment helps surgeons by offering greater flexibility during surgical procedures, and as a result, better operational efficiency.
Growing popularity of minimally invasive procedures due to some of the benefits such as minimal trauma, reduced hospital stays, and cost-effective procedures are the factors that add the market expansion during the forecast period. Increasing investment by government bodies around the world would further contribute to the market growth. Some examples of government involvement are Indian government, under its Pradhan Mantri Swasthya Suraksha Yojana, approved INR 620 crores for construction and INR 200 crores for the procurement of medical equipment & modular operation theaters.
Based on end user, the market report segments the market into Hospitals and Ambulatory Surgical Centers. The Application covered under the report includes Anesthesia Devices, Operating Room Tables, Endoscopes, Electrosurgical Devices, Operating Room Lights, Patient Monitors, Surgical Imaging Devices, and Others. The report also covers geographical segmentation of Operating Room Equipment market. The geographies included in the report are North America, Europe, Asia-Pacific, Middle East and Africa. For the better analysis, the geographies are segmented into countries.
The market research report covers the analysis of key stake holders of the Global Operating Room Equipment Market. Key companies 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.