Operating Room Equipment Market Expected to Achieve 5.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Operating Room Equipment Market Size By 2025?
In recent years, the operating room equipment market has seen significant growth. Projections indicate an increase from $16.19 billion in 2024 to $17.05 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. This growth during the historical period can be linked to the swift increase of the aging population, favorable governmental policies, amplified expenditures in healare, and rapid development in emerging markets.

How Big Is the Operating Room Equipment Market Size Expected to Grow by 2029?
The market size of operating room equipment is projected to register a robust expansion in the coming years, escalating to $21.18 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 5.6%. The augmentation projected during this forecast period can be attributed to various factors such as quicker economic growth, increased preference for minimally invasive surgical procedures, a surge in demand for critical care equipment, a higher frequency of chronic diseases, and governmental undertakings and endeavors towards insurance transformation. Noteworthy trends anticipated in the forecast timeframe includes innovation of bespoke MPMS, application of Evoked Potential Assessment Device (EPAD) technology in neuromonitoring gadgets used in surgical procedures, provision of ultrasonic surgical equipment of next generation, provision of multimodal surgical apparatus and adoption of pay-per-use models to curtail operational expenses.

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Which Key Market Drivers Powering Operating Room Equipment Market Expansion and Growth?
The global market for operating room (OR) equipment is being propelled by the rise of ambulatory surgical centers (ASCs) worldwide. An operating room (OR) is needed in all ASCs to perform surgeries. Thus, the increasing number of ASCs across the globe is a critical element contributing to the expansion of the OR equipment market.

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Which Fast-Growing Trends Are Poised to Disrupt the Operating Room Equipment Market?
The emergence of the hybrid operating room is a recent shift spotted in the worldwide operating room market. This new type of operating room is a substitute for the traditional one, featuring cutting-edge medical imaging systems and equipment that facilitate high-definition interventional imaging and less invasive surgical procedures. It constitutes a complex setting involving several surgeons, nurses, anesthesiologists, and technicians. The number of hybrid operating rooms in healare facilities has seen growth worldwide. Because they provide a sterile setting for operations, they simplify the task for surgeons. These operating rooms are gaining more recognition in neurosurgery, cardiology, and orthopedics because of their abilities to lower overall healare costs, improve patient safety, and shorten surgery times.

What Are the Emerging Segments in the Operating Room Equipment Market?
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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Who Are the Global Leaders in the Operating Room Equipment Market?
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 Healare, Covidien Healare, Philips Healare, Fisher & Paykel Healare, Smiths Medical, Metran Co. Ltd, Siemens Healare, 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 are the Top Profitable Regional Markets for the Operating Room Equipment Industry?
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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