Operating Room Equipment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Operating Room Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Operating Room Equipment, The operating room equipment market size has grown strongly in recent years. It will grow from $17.13 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rapid growth in the elderly population, favorable government decisions and increased healthcare spending and by rapid growth in emerging markets.

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.

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.

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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

The hybrid operating room is a new trend being observed in the global operating room market. A hybrid operating room is an alternative to a conventional operating room equipped with advanced medical imaging systems and devices which support high-quality interventional imaging and minimally invasive surgeries. It has a complex environment in which numerous surgeons, nurses, anesthesiologists, and technicians work together. Hybrid operating rooms in healthcare facilities have increased globally. Since they offer a sterile operating room environment, surgeons can perform surgeries with ease. The ability of these operating rooms to reduce the total healthcare expenditure, enhance patient safety, and minimize the time taken to perform surgeries will lead to its increased popularity in the fields of neurosurgery, cardiology, and orthopedics.

The operating room equipment market report table of contents includes: