Operating Room Equipment Market By Type (Anesthesia Machines, Electrosurgical Devices, Multi-Parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, Operating Room Lights, And Surgical Navigation Systems), And End User (Hospitals, Outpatient Facilities, And Ambulatory Surgical Centers [ASCs])
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In medical settings, the operating room (OR) is a facility wherein surgical interventions and procedures are performed on patients to treat various pathological and physiological conditions. The OR acts as a safe, inert, and sterile environment to perform surgeries.
Therefore, it is vital that sound equipment is provided, which lead to successful surgical interventions. The operating room equipment has evolved tremendously in the past decade, improved equipment such as surgical navigation systems have greatly streamlined OR procedures.
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The global operating room market accounted for $24,192 million in 2016, and is estimated to reach at $33,308 million by 2023, registering a CAGR of 4.5% from 2017 to 2023.
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Surge in number of hospitals, increased investment in OR equipment, and rise in global geriatric population supplement market growth. Furthermore, growth in regulatory approvals for different OR equipment along with rise in patient preference for minimally invasive surgeries boosts the market.
However, high costs associated with OR equipment and unfavorable healthcare reforms in the U.S. impede the growth of the market.
Untapped potential of emerging markets such as Asia-Pacific and LAMEA are anticipated to provide lucrative opportunities to the key market players during the forecast period.
The operating room equipment market is segmented based on type, end user, and geography. Based on type, it is divided into anesthesia machines, electrosurgical devices, multi-parameter patient monitors, surgical imaging devices, operating tables, operating room lights, and surgical navigation systems.
The multiparameter patient monitors are further classified into high, medium, and low acuity multi-parameter patient monitors. Similarly, the surgical imaging devices are further categorized into mobile C-arm and mini C-arm.
The operating tables are further subdivided into general operating tables and specialty operating tables. The operating lights are segmented into traditional lights and LED lights.
On the basis of end user, the market is classified into hospitals, outpatient facilities, and ambulatory surgical centers (ASCs). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market and the current trends and future estimations to elucidate the imminent investment pockets.
- It presents a quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on application assists to understand the trends in the industry.
- Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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