The Asia-Pacific is the fastest growing market with a CAGR of 5.56% for the forecast period 2019-2027. In the Asia-Pacific region, most of the economies are undergoing fast development in terms of surgical procedures and technologies. Hence, the top companies from all over the world are eager to explore the market in the region. These factors are anticipated to increase the growth of the market over the forecasting years.
The Asia-Pacific region is holding the third largest share in the global operating room equipment management system market. The market is divided primarily into two categories by type and end users. The type market is segmented into data management systems and communication tools and operating room equipment market, and the end-users market includes hospitals, research institutes etc. The high expenses for the operating room equipment management system and unfavorable healthcare regulations are posing major challenges to the market in the region.
Some of the influential giants in the market are Stryker Corporation, Olympus Corporation and Steris, Karl Storz Gmbh & Co. Kg, Getinge Ab, Canon Medical Systems Corporation, Hill-Rom Holdings Inc., Conmed Corporation, Smith & Nephew Plc, Leica Microsystems, NDS Surgical Imaging Llc., Barco, Trumpf Medical, Siemens Healthineers, Ge Healthcare, Skytron Llc., Mizuho Osi, Philips Healthcare and Sony Medical Systems.