Operating Room Equipment Market to reach USD 33.02 billion by 2023 | Some of the major companies dominating the Market are STERIS Corp, Stryker Corp, Drägerwerk, Getinge Group, Medtronic, Mizuho OSI, GE Healthcare, Philips Healthcare, and KARL STORZ

Operating Room Equipment Market Overview:

Operating room is a facility where all the operations are carrying out on patients in order to treat various pathological and physiological conditions in a sterile environment, operating rooms are also known as operating suite or operation theatre. An operating room is prepared with the technically advanced equipment that provides enhanced operational efficiency by enabling surgeons and other healthcare professionals with great flexibility and ease of handling.

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Some of the factors like technological improvements in the healthcare sector, increase in the number of ambulatory surgical centres, rise in the number of surgery procedure, the increase in the geriatric population and rise in the incidence and prevalence of chronic diseases are driving the market. But, high cost correlated with latest medical device technologies acts as main restraint restraining the market.

Operating Room Equipment Market Forecast Report (2018-2023):

The Global Operating Room Equipment Market worth was USD 27.27 billion in 2018 and estimated to be growing at a CAGR of 3.9%, to reach USD 33.02 billion by 2023.

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Operating Room Equipment Market Segmentation:

The Global market for Operating Room Equipment Market is classified on the basis of type and End User. The market classification is done since the type is done under Anesthesia Machines, Electrosurgical Units. Multi-Parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, Operating Room Lights. Surgical Imaging Devices is further classified into Mobile C-Arms, Mini C-Arms. Operating tables is further classified into General Operating Tables, Specialty Operating Tables. Based on the end user, the market is classified into Hospitals, Outpatient Facilities. The market share by this type is dominated by Anesthesia devices. Hospitals are expected to command a large share of the market by the end user. Based on geography, the global market is classified under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Operating Room Equipment market was conquered by North America, followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at high CAGR during the forecast period.

Key Developments in the Market:

1. Olympus Introduces the EasySuite® 4K, the Next-Generation Integrated Operating Room Solution for Hospitals in March 2018
2. Olympus, a global technology leader in designing and delivering new solutions for medical and surgical procedures, among all other core businesses, launched EasySuite® 4K. Image Stream Medical Inc. (ISM), a completely owned subsidiary of Olympus Corporation of the Americas (OCA), developed EasySuite 4K. It is the second product opened collaboratively since OCA acquired ISM in 2017 and it is recognized as the global system integration platform of Olympus’ medical ecosystem.
3. Hill-Rom improves Surgical Solutions Portfolio with Launch of New Mobile Surgical Table in January 2017

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Major Players:

Some of the major companies dominating the Operating Room Equipment Market, by their products and services include STERIS Corporation, Stryker Corporation, Drägerwerk AG & Co. KGaA, Getinge Group, Medtronic, Inc., Hill-Rom Holdings, Inc., Mizuho OSI, GE Healthcare, Philips Healthcare, and KARL STORZ GmbH & Co. KG.

The scope of the report:

1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. A segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

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