Surgical Suite Market predicted to reach USD 3.78 billion by 2030 with a CAGR of 11.5%

The Global Surgical Suite Market size is estimated to be USD 1.14 billion in 2019 and is predicted to reach USD 3.78 billion by 2030 with a CAGR of 11.5% from 2020-2030.

Surgical Suite is the sterile space in the hospital where all the surgical procedures takes place and it consists of all the required equipments for the procedures. The surgical suite consists of one or more operation theater with scrub room and recovery room for the patient. Patient has been kept in the recovery room after procedure to ensure the proper recovery which helps in the reduction of complications.

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Top Companies: KARL STORZ GmbH & Co. KG, Stryker Corporation, STERIS plc, GE Healthcare, Cooper Industries, Getinge AB, Skytron LLC, Merivaara Oy, Image Stream Medical, Inc., Canon Inc., Olympus Corporation and Doricon Medical Systems and others.

Market Dynamics and Trends

The improving and modernizing healthcare infrastructure with increased prevalence of chronic disorders are expected to drive the market growth. Furthermore, increase in technological advancement coupled with increase in the surgical procedures is expected to fuel the growth surgical suite market over the forecast period.

The other factors include increase in disposable income coupled with increase in favorable reimbursement polices coupled with increasing strategic collaborations are also expected to drive the market growth. However, high cost of the equipments and its maintenance is expected to inhibit the growth of surgical suite market. On the other hand, increase in product launch, innovation and increase in research and development activities are expected to create ample opportunities in the surgical suite market.

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Market Segmentations and Scope of the Study:

The global surgical suite market share is analyzed on the basis of device type, application, end user and geography. On the basis of device type, the market is segmented into Audio & Video Management System, Display System, Documentation & Recording System, and Others. Based on application, the market is fragmented into urology, surgery, neurology and others. Based on end user, the market is fragmented into hospitals and clinics. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America denotes a higher adoption of the surgical suite and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, increase in the surgical procedures with increased prevalence of chronic disorders, and technological advancements.

It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing medical tourism, increase in favorable reimbursement policies and strategic collaborations are also expected to promote the growth of surgical suite market.

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