Operating Room Equipment Global Market Opportunities And Strategies To 2030: COVID 19 Implications and Growth report from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the increasing demand for operating room equipment which play a critical role in the treatment of patients with Covid 19.

This report describes and evaluates the global operating room equipment market. It covers two five-year periods, one three-year period and one six-year period including, 2015 to 2019, termed the historic period, and 2019 to 2023 forecast period, 2023-2025 forecast period and 2025 -2030 the forecast period.

The global operating room equipment reached a value of nearly $27,937.0 million in 2019, having grown at a compound annual growth rate (CAGR) of 3.98% since 2015, and is expected to grow at a CAGR of 3.95% to nearly $32,625.7 million by 2023. Also, the market is expected to grow to $35,196.9 million in 2025 at a CAGR of 3.87 % and to $42,660.1 million in 2030 at a CAGR of 3.92%. 

Growth in the historic period resulted from rapid growth in the elderly population, favorable government decisions and increased healthcare spending and by rapid growth in emerging markets. Factors that negatively affected growth in the historic period were high prices of advanced anesthesia devices, lack of trained workers and technical resources and stringent regulatory approval processes for medical devices.

Going forward, faster economic growth, growing demand for minimally invasive surgery, increasing demand for critical care equipment, increase prevalence of chronic diseases and government initiatives and efforts towards insurance reforms are expected to drive the market. Factor that could hinder the growth of the operating room equipment market in the future include challenges due to regulatory changes, geopolitical tensions, high cost of investment.

Coronavirus disease (COVID-19) is an infectious disease that is caused by a newly discovered corona virus. The COVID-19 pandemic has impacted all industries directly or indirectly. Patients diagnosed with COVID-19 have a high chance of developing respiratory illness, distress, and insufficiency. So, there has been a surge in demand for life saving equipment such as respiratory devices including ventilators, anesthesia gas masks, and other devices are required to support their treatment. With the number of cases across the globe increasing daily, most countries have gone into lockdowns, which disrupted the global supply chains and international trade. Healthcare providers and governments are looking for faster and newer solutions to monitor the spread.

The operating room equipment market is segmented by type of equipment into anesthesia devices, endoscopes, operating room lights, operating tables, electrosurgical devices, surgical imaging devices and patient monitors. The anesthesia and respiratory devices market was the largest segment of the operating room equipment market, accounting for $8,767.7 million or 31.4% of the total market in 2019. The endoscopes market is expected to be the fastest growing segment going forward at a CAGR of 5.1% during 2019-2023.

The operating room equipment market is segmented by end-user into hospitals and outpatient facilities and ambulatory surgery centers. The hospitals market was the largest segment of the operating room equipment market, accounting for $23,280.3 million or 83.3% of the total market in 2019. The outpatient facilities and ambulatory surgery centers market is expected to be the fastest growing segment going forward at a CAGR of 5.3% during 2019-2023.

The anesthesia and respiratory devices market is further segmented by type of device into respiratory devices, anesthesia machines, respiratory disposables and anesthesia disposables. The respiratory devices market was the largest segment of the anesthesia and respiratory devices market, accounting for $5,182.9 million or 59.1% of the total in 2019.The anesthesia machines market is expected to be the fastest-growing segment going forward at a CAGR of 5.9%. 

The anesthesia and respiratory devices market is also segmented by type of supplies into instruments/equipment and disposables. The instruments/equipment market was the largest segment of the anesthesia and respiratory devices market, accounting for $8,078.5 million or 92.1% of the total in 2019 and the segment is also expected to be the fastest-growing segment going forward at a CAGR of 4.9%.

The patient monitors market is further segmented by type of device into high acuity, medium acuity and low acuity. The high acuity market was the largest segment of the patient monitors market, accounting for $4,248.7 million or 50.0% of the total in 2019 and the segment is also expected to be the fastest-growing segment going forward at a CAGR of 3.7%.

The patient monitors market is also segmented by purpose into vital parameter monitoring devices and equipment and fetal and neonatal monitoring devices. The vital parameter monitoring devices and equipment market was the largest segment of the patient monitors market, accounting for $5,853.2 million or 68.9% of the total in 2019 and the segment is also expected to be the fastest-growing segment going forward at a CAGR of 3.6%.

The surgical imaging devices market is further segmented by type of device into mobile c-arms and mini c-arms. The mobile c-arms market was the largest segment of the surgical imaging devices market, accounting for $1,789.9 million or 70.7% of the total in 2019.The mini c-arms market is expected to be the fastest-growing segment going forward at a CAGR of 3.3%.

The operating room lights market is further segmented by type of device into halogen lights and LED lights. The halogen lights market was the largest segment of the operating room lights market, accounting for $892.3 million or 56.9% of the total in 2019 and the segment is also expected to be the fastest-growing segment going forward at a CAGR of 5.9%.

The operating tables market is further segmented by type of table into general operating tables and specialty operating tables. The general operating tables market was the largest segment of the operating tables market, accounting for $1,057.1 million or 68.1% of the total in 2019. The specialty operating tables market is expected to be the fastest-growing segment going forward at a CAGR of 3.0%.

The operating tables market is also segmented by type of metal into metal operating tables and composite operating tables. The metal operating tables market was the largest segment of the operating tables market, accounting for $1,391.1 million or 89.6% of the total in 2019. The composite operating tables market is expected to be the fastest-growing segment going forward at a CAGR of 8.8%.

North America was the largest region in the operating room equipment market, accounting for 38.9 % of the global market in 2019. It was followed by Western Europe and Asia Pacific, and the other regions. Going forward, the fastest growing regions in the operating room equipment market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 6.9 % and 5.2% % respectively from 2019-2023.

The operating room equipment market is highly concentrated, with a small number of large players dominating the market. The top ten competitors in the market made up to 75.8% of the total market in 2019. Major players in the market include Medtronic Plc, Olympus Corporation, General Electric Company, Stryker Corporation, Koninklijke Philips N.V. and others.

The top growth potential in the operating room equipment market by type of instrument will arise in Anesthesia Devices, which will gain $1,804.4  million of global annual sales by 2023. The operating room equipment market size will gain the most in USA at $1,197.2 million. Market-trend-based strategies for the operating room equipment market include development of customized MPMs, implementing the Evoked Potential Assessment Device (EPAD) technology in neuromonitoring devices used in surgeries, offering next generation ultrasonic surgical devices to simplify complex surgical procedures, offering multi -modal surgical devices to optimize and consolidate the use of multiple devices with single instrument and opting for pay per use models to reduce operational costs. Player-adopted strategies in the operating room equipment industry include expanding distribution network through acquisitions and collaborations with other companies and strengthen product portfolio.

To take advantage of these opportunities, The Business Research Company recommends the operating room equipment manufacturing companies should focus on developing new advanced equipment, customized multi-parameter monitors (MPMs) and innovative surgical devices, consider expand in emerging markets by setting up authorized distributors and sales representatives, offer competitive  and value-based pricing to gain the share in the regional markets and use of digital media and direct marketing to reach targeted audience, among other strategies.

Reasons to Purchase
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  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
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  • Gain a global perspective on the development of the market.

Description: 
Where is the largest and fastest growing market for the operating room equipment market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global operating room equipment market opportunities and atrategies to 2030: COVID 19 Implications and Growth report from the Business Research Company answers all these questions and many more.

The report covers the following chapters
1. Executive Summary – The executive summary section of the report gives a brief overview and summary of the report.
2. Report Structure – This section gives the structure of the report and the information covered in the various sections.
3. Introduction – This section gives the segmentation of the operating room equipment market by geography, segmentation by type of equipment and by end-user covered in this report.
4. Market Characteristics – The market characteristics section of the report defines and explains the operating room equipment market. This chapter includes different product/services covered in the report and basic definitions.
5. Supply Chain –The supply chain section of the report defines and explains the key players in the operating room equipment industry supply chain.
6. Product Analysis –The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
7. Customer Information– This chapters covers recent customers’ trends/preferences in the global operating room equipment market.
8. Trends And Strategies – This chapter describes the major trends shaping the global operating room equipment market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
9. Impact Of COVID-19 – This section describes newly discovered coronavirus impact on global operating room equipment market.
10. Patients By Age Group Analysis– This chapter analyses surgical procedures performed on different demography. 
11. Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2023, 2025 and 2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods. 
12. Regional Analysis – This section contains the historic (2015-2019), forecast (2023, 2025 and 2030) market value and growth and market share comparison by region.
13. Market Segmentation – This section contains the market values (2015-2029, 2023, 2025 and 2030) and analysis for different segments (by type of equipment and by end use) in the market. 
14. Regional Market Size And Growth– This section contains the region’s market size (2019), historic and forecast (2015-2019, 2023, 2025 and 2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa). 
15. Competitive Landscape – This section covers details on the competitive landscape of the global operating room equipment market, estimated market shares and company profiles of the leading players.
16. Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years. 
17. Conclusions And Recommendations– This section includes recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
18. Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered: 
  • By Type Of Equipment: Anesthesia Devices; Endoscopes; Operating Room Lights; Operating Tables; Electrosurgical Devices; Surgical Imaging Devices; Patient Monitors
  • By Type Of Anesthesia And Respiratory Device: Respiratory Devices; Anesthesia Machines; Respiratory Disposables; Anesthesia Disposables
  • By Type Of Anesthesia And Respiratory Device: Instruments/Equipment; Disposables
  • By Type Of Patient Monitor: High Acuity; Medium Acuity; Low Acuity
  • By Type Of Patient Monitor: Vital Parameter Monitoring Devices And Equipment; Fetal And Neonatal Monitoring Devices
  • By Type Of Surgical Imaging Device: Mobile C-Arms; Mini C-Arms
  • By Type Of Operating Room Light: Halogen Lights; LED Lights
  • By Type Of Operating Table: General Operating Tables; Specialty Operating Tables
  • By Type Of Operating Table: Metal Operating Tables; Composite Operating Tables
  • By Type Of End-User: Hospitals; Outpatient Facilities And Ambulatory Surgery Centers

Companies Mentioned: Medtronic Plc; Olympus Corporation; General Electric Company; Stryker Corporation; Koninklijke Philips N.V.

Countries: China, India, Japan, Australia, Indonesia, South Korea, USA, Russia, UK, Germany, France, Brazil.

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Time series: Two five-year periods, one three-year period and one six-year period.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.