Rising Global Economy Propels Global Operating Room Equipment Market

The global operating room equipment market is dominated by five companies, including Stryker Corporation, GE Healthcare, and Siemens Healthcare. GE Healthcare, with a 19% share, is the clear leader in the global operating room equipment market. However, more than 40% of the market is taken up by regional players, which is illustrative of the way the global operating room equipment market is likely to progress in the coming years. The development of the fragmented global operating room equipment market has been determined largely by the ability of the players to innovate and improve existing products. In accordance with this, most industry leaders place heavy emphasis on establishing strong research and development facilities.

According to Transparency Market Research (TMR), the global operating room equipment market is expected to rise to US$42 bn by the end of 2023.

This 102 page report gives readers a comprehensive overview of the operating room equipment market. Browse through 6 data tables and 18 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/operating-room-equipment-market.html

Rising Utilization of Ambulatory Care Centers to Drive Demand for Operating Room Equipment

The prime driver for the global operating room equipment market is the rising demand for widespread availability of ambulatory care services. Ambulatory care centers deal with cases that need light to moderate attention and don’t require overnight hospitalization. The increasing prevalence of such cases and the rising preference for personal and home-based care and rehabilitation is likely to drive the demand for ambulatory care centers. This is likely to remain a strong positive influence on the global operating room equipment market.

The rising utilization of hybrid operating room systems in technologically advanced regions is another important driver for the global operating room equipment market. Hybrid operating rooms contain imaging equipment that complements the surgical equipment and allows surgeons to perform surgeries in minimally invasive fashion. The need for sophisticated and precisely engineered operating room equipment in hybrid operating rooms is likely to remain a key driver for the global operating room equipment market in the coming years.

The high cost of advanced operating room equipment has held the global operating room equipment market back, particularly in developing countries where the healthcare sector lacks significant government support. While private hospitals in major cities can afford to install advanced operating room equipment, the public healthcare sector remains underserved in several countries in Asia Pacific, Africa, and Latin America. The rising investment in the improvement of the healthcare sector in emerging countries could reverse the situation in the coming years, rejuvenating the growth prospects of the operating room equipment market.

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North America to Remain Dominant in Global Operating Room Equipment Market

Geographically, the global operating room equipment market is divided into North America, Europe, Asia Pacific, and Rest of the World. Of these, North America and Europe have traditionally led the global operating room equipment market, as the prosperity of countries in these regions has allowed for widespread installation of advanced medical devices. The dominance of these developed regions is expected to continue unabated through the 2015-2023 forecast period, with North America likely to account for more than 40% of the global operating room equipment market in 2023. The demand to consistently upgrade operating room equipment is likely to propel the operating room equipment market in developed regions in the coming years.

The key product segments in the operating room equipment market are biomedical systems, operating tables, endoscopes, operation room integration systems, surgical imaging displays, movable imaging systems, microscopes, anesthesia systems, operation room lights, and surgical booms. Of these, movable imaging systems dominate the global operating room equipment market and are likely to represent more than 25% of the market by 2023.

The above data is collated from a research report released by TMR, titled “Operating Room Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015-2023.”

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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This release was published on openPR.