The operating room equipment market size is expected to see strong growth in the next few years. It will grow to $23.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to faster economic growth, growing demand for minimally invasive surgery, increasing demand for critical care equipment, increase prevalence of chronic diseases and government initiatives and efforts towards insurance reforms. Major trends in the forecast period include development of customized mpms, implementing the evoked potential assessment device (epad) technology in neuromonitoring devices used in surgeries, offering next generation ultrasonic surgical devices to simplify complex surgical procedures, offering multi -modal surgical devices to optimize and consolidate the use of multiple devices with single instrument and opting for pay per use models to reduce operational costs.
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Segmentation & Regional Insights
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
North America was the largest region in the global operating room equipment market in 2023. Western Europe was the second largest market in 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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Major Driver Impacting Market Growth
The operating room (OR) equipment market is driven globally by the increase in ambulatory surgical centres (ASCs) across the world. All ASCs require an operating room (OR) to undertake the surgeries; therefore the growing number of ASCs all over the world is a key factor facilitating the growth of the market for OR equipment.
Key Industry Players
Major companies operating in the operating room equipment market report are 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, AlsoEnergy, Boston Scientific, Abbott Laboratories, Fresenius, Thermo Fisher Scientific, DePuy Synthes, Simeon Medical GmbH & Co. KG, Steris Corporation, EMTEL, Teleflex Incorporated, Stryker, Johnson & Johnson LLC, Alvo Medical, Mizuho OSI, Karl Storz gmbh & co, KLS Martin Group, ResMed Inc.
The operating room equipment market report table of contents includes:
1. Executive Summary
2. Operating Room Equipment Market Characteristics
3. Operating Room Equipment Market Trends And Strategies
4. Operating Room Equipment Market – Macro Economic Scenario
5. Global Operating Room Equipment Market Size and Growth
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32. Global Operating Room Equipment Market Competitive Benchmarking
33. Global Operating Room Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Operating Room Equipment Market
35. Operating Room Equipment Market Future Outlook and Potential Analysis
36. Appendix
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