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Key Trends Reshaping the Operating Room Equipment Market: Rising Popularity Of Hybrid Operating Rooms Revolutionizes Surgical Practices Worldwide Industry Transformation
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Operating Room Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a significant increase in the size of the operating room equipment market. It's projected to expand from $16.55 billion in 2024 to $17.67 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 6.8%. The historical growth of this market is attributed to factors such as the rapid rise in the elderly population, advantageous government policies, amplified healthcare expenditures, and a swift growth in emerging markets.
Operating Room Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for robust expansion in the operating room equipment market over the next few years, with projections of growth to $22.17 billion by 2029 at a compound annual growth rate (CAGR) of 5.8%. This prospective growth during the projected period can be linked to various factors such as rapid economic development, heightened demand for minimally invasive procedures, increased need for critical care equipment, the growing incidence of chronic diseases, and government initiatives and insurance reforms. Key trends anticipated during the forecast period encompass the creation of personalized MPMS, the adoption of evoked potential assessment device (EPAD) technology in neuromonitoring devices used in surgeries, the provision of next-generation ultrasonic surgical equipment, the use of multi-modal surgical devices, and the preference for pay-per-use models as a way to cut operational costs.
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What Are the Drivers Transforming the Operating Room Equipment Market?
The global market for operating room (OR) equipment is propelled by the rise in ambulatory surgical centers (ASCs) worldwide. The necessity for an operating room (OR) in all ASCs to perform surgeries makes the increasing number of ASCs around the globe a pivotal factor in boosting the growth of the OR equipment market.
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What Long-Term Trends Will Define the Future of the Operating Room Equipment Market?
A recent development in the global operating room market is the emergence of the hybrid operating room. This is a modernized modification of the traditional operating room, outfitted with cutting-edge medical imaging systems and instruments, facilitating superior interventional imaging and minimally invasive surgeries. It is a multifaceted setting wherein numerous medical professionals such as surgeons, nurses, anesthesiologists, and technicians collaborate. The adoption of hybrid operating rooms in healthcare establishments around the world has been on the rise. These rooms ensure a sterile environment for surgeries, thus inviting more efficiency for surgeons. Coupled with their potential to lower overall healthcare costs, improve patient safety, and shrink surgery duration, these rooms are anticipated to grow in popularity in specialities like neurosurgery, cardiology, and orthopedics.
Which Segments in the Operating Room Equipment Market Offer the Most Profit Potential?
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
Subsegments:
1) By Anesthesia Devices: Anesthesia Machines, Vaporizers, Anesthesia Monitors
2) By Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Accessories For Endoscopy
3) By Operating Room Lights: Surgical LED Lights, Surgical Halogen Lights, Examination Lights
4) By Operating Tables: General Surgical Tables, Specialty Surgical Tables, Adjustable Operating Tables
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Instruments, Smoke Evacuators
6) By Surgical Imaging Devices: C-Arms, Surgical Ultrasound Systems, Intraoperative CT Scanners
7) By Patient Monitors: Multi-Parameter Monitors, Bedside Monitors, Portable Monitors
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Which Firms Dominate the Operating Room Equipment Market by Market Share and Revenue in 2025?
Major companies operating in the operating room equipment market include 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.
Which Regions Offer the Highest Growth Potential in the Operating Room Equipment Market?
North America was the largest region in the global operating room equipment market in 2024. Western Europe was the second largest market in the operating room equipment market. The regions covered in the operating room equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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