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Latest Update on Operating Room Equipment Market 2020 Technology Growth and Business Outlook – Koninklijke Philips N.V, STERIS plc, Stryker Corporation, Karl Storz SE & Co. KG, Siemens Healthineers

07-17-2020 01:01 PM CET | Health & Medicine

Press release from: Market Insights Reports

The operating room equipment market studied was projected to grow with a CAGR of nearly 6.4% over the forecast period. The major factors attributing to the growth of the market are the growing incidence of chronic diseases that require surgeries, rising number of hospitals and increasing government fundings.

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As per the data published by the Ministry of Health & Family Welfare, Government of India, under the PMSSY scheme six AIIMS like institutions received Rs. 620 crores towards the cost of construction and Rs. 200 crores for procurement of Medical Equipment and modular operation theaters. Such type of investments is expected to create new opportunities for market players. The operating room equipment market has been increasing substantially over the last two years, and the market has been considered by technological innovation and rise in the inclination for technologically sensible and accurate medical and surgical equipment. However, the major restraint to the growth of the market is the high cost of the equipment.

As per the scope of the report operating room equipment is designed for surgeons and surgical staff to perform surgical procedures that require time, patience, focus, and safety. This report is segmented by Product, by End User, and by Geography.

Market By Top Companies:

Koninklijke Philips N.V, STERIS plc, Stryker Corporation, Karl Storz SE & Co. KG, Siemens Healthineers, Hill-Rom Services Inc, Getinge AB, Medtronic Plc, GE Healthcare

Industry Research Coverage

Endoscopes Segment is Expected to Witness the Fastest Growth over the Forecast Period

- An endoscope is an illumined optical, usually slender and tubular instrument used to look deep into the body. It is used to examine the internal organs like the throat or esophagus.
- The growing patient inclination for endoscopic procedures, increasing awareness about minimally invasive procedures, and growing embracing of technological innovations in surgical procedures are some of the driving forces accountable for the growth of the segment in the forthcoming years. The rise in the incidence of cancer, gastrointestinal disorders, and lifestyle-related diseases are expected to further expand the market.
- According to the National Institutes of Health (NIH), in 2018, an estimated 1,735,350 new cases of cancer will be detected in the United States and 609,640 people will die from the disease.
- As the incidence of diseases like cancer increases, the use of endoscope equipment increases.

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Major points covered in this research are:-

─Operating Room Equipment Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers

─Global Market Size (Value) of Operating Room Equipment (2020-2023)

─Global Operating Room Equipment Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)

─Global Operating Room Equipment Production, Revenue (Value), Price Trend by Type

─Global Operating Room Equipment Market Analysis by Application

─Global Operating Room Equipment Manufacturers Profiles/Analysis

─Operating Room Equipment Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Operating Room Equipment Market Forecast (2020-2023)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Operating Room Equipment report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Operating Room Equipment product development and gives an outline of the potential Global market.

Contact US:

Irfan Tamboli (Sales)

Phone: + 1704 266 3234

Mob: +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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