Operating Room Equipment Market expected to reach USD 30.58 billion by 2021

According to the report “Operating Room Equipment Market By Type (Anesthesia Machines, Electrosurgical Units. Multi-Parameter Patient Monitors, Surgical Imaging Devices (Mobile C-Arms, Mini C-Arms), Operating Room Lights, Operating Tables (General Operating Tables, Specialty Operating Tables)), & By End-User (Hospitals, Outpatient Facilities), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Global Operating Room Equipment Market was worth USD 25.26 billion in 2016 and estimated to be growing at a CAGR of 3.9 %, to reach USD 30.58 billion by 2021. The Operating Room Equipment market is showing evident potential in the mentioned forecasting period.

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Operating room is a facility where all the operations are performed on patients in order to treat different pathological and physiological conditions in a sterile environment, operating rooms are also known as the operating suite or operation theatre. An operating room is prepared with technically advanced equipment that offers enhanced operational efficiency by enabling surgeons and other healthcare professionals with greater flexibility and ease of handling.

Some of the factors like technological advancement in healthcare sector, rise in the number of ambulatory surgical centers, increase in the number of surgery procedure, rise in the geriatric population and increase in the incidence and prevalence of chronic diseases are driving the market. But, high cost associated with latest medical device technologies acts as major restraint restraining the market.

The Global market for Operating Room Equipment Market is segmented on the basis of type and End User. The market segmentation on the basis of type is done under Anesthesia Machines, Electrosurgical Units. Multi-Parameter Patient Monitors, Surgical Imaging Devices, Operating Room Lights, Operating Tables. Surgical Imaging Devices is further segmented into Mobile C-Arms, Mini C-Arms. Operating tables is further segmented into General Operating Tables, Specialty Operating Tables. Based on end user, market is categorized into Hospitals, Outpatient Facilities.

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The market share by type is dominated by Anesthesia devices. Hospitals are expected to command largest share of market by end user. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Operating Room Equipment market was dominated by North America, followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at highest CAGR during the forecast period.

Some of the major companies dominating the market are:
• STERIS Corporation
• Stryker Corporation
• Drägerwerk AG & Co. KGaA
• Getinge Group
• Medtronic, Inc
• Hill-Rom Holdings, Inc
• Mizuho OSI
• GE Healthcare
• Philips Healthcare
• KARL STORZ GmbH & Co. KG.

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