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Projected Growth and Influencing Trends within the Operating Room Equipment Market: An Outlook for 2024-2029
Operating Room Equipment Market
What Is The Projected Market Size Of The Global Operating Room Equipment Market And Its Growth Rate?
• Growing from $16.55 billion in 2024 to $17.67 billion in 2025, the operating room equipment market is set to experience a solid annual growth rate (CAGR) of 6.8%.
• The market is predicted to continue strong growth, reaching $22.17 billion in 2029 at a CAGR of 5.8%, driven by growing demand for minimally invasive surgery, increased prevalence of chronic diseases, and government-led insurance reforms.
What Is Driving The Growth In The Operating Room Equipment Market?
Booming globally, the operating room (OR) equipment market is primarily driven by the increase in ambulatory surgical centers (ASCs) worldwide. Since all ASCs require an operating room to conduct surgeries, their rising numbers globally is a key facilitator in the growth of the OR equipment market.
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Who Are the Key Players Driving Operating Room Equipment Market Growth?
• 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
• Boston Scientific
• Abbott Laboratories
• Fresenius
• Thermo Fisher Scientific
• DePuy Synthes
• Simeon Medical GmbH & Co. KG
• EMTEL
• Teleflex Incorporated
• Johnson & Johnson LLC
• Alvo Medical
• Mizuho OSI
• Karl Storz gmbh & co
• KLS Martin Group
• ResMed Inc.
What Are The Key Trends In The Operating Room Equipment Market?
• Development of customized MPMS
• Implementation of the evoked potential assessment device (EPAD) technology in neuromonitoring devices used in surgeries
• Offering next-generation ultrasonic surgical devices
• Multi-modal surgical devices
• Pay per use models reducing operational costs.
What Are The Segments Of The Global Operating Room Equipment Market?
• By Type: Anesthesia Devices, Endoscopes, Operating Room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors
• By Application: Cardiovascular Surgery, Thoracic Surgery, Neurosurgery, Other Applications
• By End User: Hospitals, Outpatient Facilities And Ambulatory Surgery Centers
Which Region Leads The Operating Room Equipment Market?
North America was the largest region in the global operating room equipment market in 2024, closely followed by Western Europe. The other regions covered in the report include Asia-Pacific, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Operating Room Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Operating Room Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Operating Room Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Operating Room Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Operating Room Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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