The operating room equipment market is currently valued at US$ 37.3 billion, but by the end of 2032, it is expected to grow to US$ 59.5 billion. Between 2022 and 2032, operating room equipment sales are anticipated to grow at a CAGR of 4.7%.
By the end of the forecast period, North America is expected to hold a significant revenue share of more than 35% of the worldwide operating room equipment market, growing at a faster-than-average CAGR of 6% through 2032.
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The study finds that healthcare professionals and surgeons are demanding for operating rooms equipped with technically advanced devices that provide greater flexibility and ease of handling in order to ensure improved operational efficiency and better patient care system. Moreover, hospitals are heavily investing to upgrade operating rooms to reduce post-operative trauma and hospital stays for patients. These factors are directly influencing the global expansion of operating room equipment market. Further, growing adoption of various complex surgical equipment ranging from movables imagining system to operating room lights in hospitals and ambulatory surgical centers is foreseen to guide the future of global operating room equipment market.
The world has witnessed a substantial increase in the incidence of chronic and infectious diseases over the past few years and this has resulted in an increased focus on healthcare and a high rate of hospitalization.
The number of surgeries being performed to treat these diseases has also increased resulting in high demand for operating room equipment. The growing popularity of minimally invasive surgeries and rising patient preference for such surgeries are also expected to favor surgery operating room equipment demand till 2032.
Operating Room Equipment Industry Research Segments
- By Type :
- Anesthesia Machines
- Electrosurgical Devices
- Multi-parameter Patient Monitors
- Surgical Imaging Devices
- Operating Tables
- Operating Room Lights
- Surgical Navigation Systems
- By End User :
- Outpatient Facilities
- Ambulatory Surgical Centers (ASCs)
- By Region :
- North America
- Latin America
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Operating room equipment manufacturers are focusing on the integration of advanced technologies such as machine learning and artificial intelligence to create innovative products.
- In May 2022, Zimmer Biomet, a leading medical device company, announced the launch of its new artificial intelligence (AI) capabilities for its Omni Suite intelligent operating room. The suite is designed to optimize operational efficiency and with the new AI features, it can record workflow milestones such as door count, patient entry, anesthesia administration, etc.
Key Companies Profiled
- Stryker Corporation
- Siemens Healthcare GmbH
- Hill-Rom Holdings Inc.
- STERIS plc.
- Dragerwerk AG & Co. KGaA
- Getinge AB
- Creative Health Tech Pvt. Ltd.
- FUJIFILM Holdings Corporation
- GE Healthcare
- Koninklijke Philips N.V.
- Smiths Medical
- Mizuho OSI
- BERCHTOLD Corporation
- STORZ MEDICAL AG
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The United States is known for its advanced healthcare infrastructure and early adoption of advanced technologies. Rising incidence of chronic diseases, growing prevalence of obesity, increasing aging population, the rising popularity of minimally invasive surgeries, and increased healthcare expenditure are prime factors that head operating room equipment market evolution in the U.S.
The presence of key suppliers of operating room equipment in the country is also expected to favor market potential across the forecast period. Hybrid operating rooms and integrated operation theaters are expected to witness a hike in the establishment in the country owing to their crucial role in improving patient outcomes.
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