Operating Room Equipment Market Report 2024: Strategies And Recent Developments

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Operating Room Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The operating room equipment market size has grown strongly in recent years. It will grow from $17.13 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rapid growth in the elderly population, favorable government decisions and increased healthcare spending and by rapid growth in emerging markets.

The operating room equipment market size is expected to see strong growth in the next few years. It will grow to $23.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to 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 . Major trends in the forecast period 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.

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Market Segmentation:
The operating room equipment market covered in this report is segmented -

1) By Type: Anesthesia Devices, Endoscopes, Operating room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors,
2) By Application: Cardiovascular Surgery, Thoracic Surgery, Neurosurgery, Other Applications
3) By End User: Hospitals, Outpatient Facilities And Ambulatory Surgery Centers

Major Driver - Global Expansion Of Ambulatory Surgical Centers Drives Growth In The Operating Room Equipment Market
The operating room (OR) equipment market is driven globally by the increase in ambulatory surgical centres (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 the growth of the market for OR equipment.

Competitive Landscape:
Major companies operating in the operating room equipment market report are Medtronic plc, Olympus Corporation, General Electric Company, Stryker Corporation, Koninklijke Philips N.V., Getinge AB, Drägerwerk AG, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Steris PLC, STAAN Bio-Med Engineering Private Limited, GE Healthcare, Covidien Healthcare, Philips Healthcare, Fisher & Paykel Healthcare, Smiths Medical, Metran Co. Ltd, Siemens Healthcare, Opto Circuits, Fukuda Denshi, Canon Medical Systems, Nipro, Honeywell, Mindray, AlsoEnergy, Boston Scientific, Abbott Laboratories, Fresenius, Thermo Fisher Scientific, DePuy Synthes, Simeon Medical GmbH & Co. KG, Steris Corporation, EMTEL, Teleflex Incorporated, Stryker, Johnson & Johnson LLC, Alvo Medical, Mizuho OSI, Karl Storz gmbh & co, KLS Martin Group, ResMed Inc.

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Top Trend - Rising Popularity Of Hybrid Operating Rooms Revolutionizes Surgical Practices Worldwide
The hybrid operating room is a new trend being observed in the global operating room market. A hybrid operating room is an alternative to a conventional operating room equipped with advanced medical imaging systems and devices which support high-quality interventional imaging and minimally invasive surgeries. It has a complex environment in which numerous surgeons, nurses, anesthesiologists, and technicians work together. Hybrid operating rooms in healthcare facilities have 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Operating Room Equipment Market Characteristics
3. Operating Room Equipment Market Trends And Strategies
4. Operating Room Equipment Market - Macro Economic Scenario
5. Operating Room Equipment Market Size And Growth
…..
27. Operating Room Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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