Operating Room Equipment Market to Expand at Fastest Growth Rate

An operating room, also known as an operating suite or operation theatre, is a facility wherein all kinds of surgical procedures take place on patients for the treatment of different pathological or physiological conditions within a sterile environment. The operating room, comprising technically advanced equipment, enables better operational efficiency and enhanced patient care by empowering healthcare professionals and surgeons with the ease of handling surgeries and greater flexibility. Technological advancements have brought in a lot of improvements in surgical procedures.

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According to a new market report published by Transparency Market Research “Operating Room Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023,” the global operating room equipment market was valued at US$ 23.9 Bn in 2014 and is anticipated to expand at a CAGR of 6.9% from 2015 to 2023 to reach US$ 42.9 Bn in 2023.

The rising number of ambulatory centers and increasing product innovations owing to technological advancements are amongst the top factors stimulating the growth of the market for operating room equipment. In addition¸ the increasing count of surgical procedures globally and the rising aging population also propel the development of the market. Furthermore, the growing occurrence of a number of chronic diseases also impacts the market positively. The increased affordability of C-arms further aids the market’s growth. On the other hand, the soaring cost of operating room equipment is a key factor impeding the growth of the market.

Significant advantages associated with operating room equipment and financial incentives by governments of various countries are the major factors driving the growth of the operating room equipment market globally. Benefits of proper operating room equipment encompasses accurate and up-to-date patient handling, enhanced patient safety, and time and long-term cost savings. These advantages encourage health care providers to equip themselves with technically advanced operating room equipment, and in turn drive the market.

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Key players profiled in the operating room equipment market report include Allen Medical (Hill ROM), GE Healthcare, KARL STORZ GmbH & Co. KG, Mizuho OSI, Maquet Holding B.V. & Co. KG (Getinge AB), Olympus Corporation, Philips Healthcare, Siemens Healthcare, Skytron, LLC, Steris Corporation, Stryker Corporation, and TRUMPF GmbH + Co. KG.

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