Operating Room Equipment Market 2020 Advancement and Precise Outlook- Steris Plc, Stryker Corporation, Getinge AB, Hill-Rom Holdings

The New report includes a detailed study of Global Operating Room Equipment Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Operating Room Equipment Market.

Both primary and secondary research has been carried out to arrive at the desired outcome. The primary research included feedback, opinion, and suggestion provided by the people and organization residing in the key markets as identified the industry experts.

The global operating room equipment market was valued at about $5.2 billion in 2018 and is expected to grow to $5.76 billion at a CAGR of 2.6% through 2022.

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Top Key Players Profiled in This Report:

Steris Plc, Stryker Corporation, Getinge AB, Hill-Rom Holdings, Inc. and Mizuho OSI, Inc.

Industry Latest News:

02-Jun-2020: Styker announced today it has developed an emergency relief patient cover to meet the needs of healthcare providers. Customers voiced feedback about emergency care provider exposure to patients that may have COVID-19. With PPE shortages exacerbating these concerns, some customers have resorted to creating their own solutions, all while trying to care for their patients and protect themselves.

2020-05-28: Today Getinge introduces a new range of consumables for sterile reprocessing. Getinge Assured Superfast 20 Biological Indicator speeds up the ability of the Central Sterile Supply Department (CSSD) to release loads safely, ensuring that the sterile instruments can be in the right place, at the right time.
The operating room equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for operating room equipment and is expected to continue to be the largest market during the forecast period. The operating room (OR) equipment market is driven globally by the increase in ambulatory surgical centers (ASCs) across the world. All ASCs require an operating room (OR) to undertake the surgeries; therefore the growing number of ASCs all over the world is a key factor facilitating growth of the market for OR equipment.

The high cost associated with the operating room equipment will restrain the operating room equipment market growth. Hospital costs are important to understanding value-based care, and are even more critical when analyzing cost-saving interventions during surgery. The costs associated with the operating room equipment depends on the country, the surgical procedure and the equipment used for the surgical procedure. In a 2011 study, it was observed that on an average, hospital stays in the US that involve an OR procedure have been reported to be 2.5 times more costly than stays that do not involve an OR procedure.

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The hybrid operating room is a new trend being observed in the global operating room market. A hybrid operating room is an alternative to conventional operating room equipped with advanced medical imaging systems and devices which support high quality interventional imaging and minimally invasive surgeries. It has complex environment in which numerous surgeons, nurses, anesthesiologists, and technicians work together. Hybrid operating rooms in healthcare facilities has increased globally. Since they offer a sterile operating room environment, surgeons can perform surgeries with ease. The ability of these operating rooms to reduce the total healthcare expenditure, enhance patient safety, and minimize the time taken to perform surgeries will lead to its increased popularity in the fields of neurosurgery, cardiology, and orthopedics.

In December 2018, Medtronic's subsidiary, Restorative Therapies Group, acquired Mazor Robotics (Mazor), a pioneer in the field of robotic guidance systems. The acquisition of Mazor strengthens the company's position as a global leader in enabling technologies for spine surgery. The company offers a fully-integrated procedural solution for surgical planning, execution and confirmation by combining the company's spine implants, navigation, and intra-operative imaging technology with Mazor's robotic-assisted surgery systems. Total consideration for the transaction, net of cash acquired, was $1.6 billion, consisting of $1.3 billion of cash and $246 million of a previously-held equity investment in Mazor.

Scope of the Report:

Markets Covered: 1) By Type: Anesthesia Devices, Endoscopes, Operating room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors, 2) By End Users: Hospitals, Outpatient Facilities, Ambulatory Surgery Centers

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

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP, Expenditure Per Capita, The Operating Room Equipment Indicators Comparison.

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This research report represents a 360-degree overview of the competitive landscape of the Global Operating Room Equipment Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Global Operating Room Equipment Market in a detailed and concise manner for better insights into the businesses. Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Operating Room Equipment Market. The feasibility of the new report is also measured in this research report.

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This release was published on openPR.