Global Operating Room Equipment Market: Snapshot

The prevalence of chronic diseases is undeniable and lifestyle-inflicted disorders are on the rise too. Additionally, geriatrics are now constituting for a prominent percentage of the world’s population. All these factors have led to an escalation in the number of surgeries across the globe. Considering the number and range of surgical procedures being conducted on a daily basis around the world, most operating rooms today now have to be equipped with technologically advanced equipment and functions that can ensure better handling by surgeons and other staff, more flexibility, greater operational efficiency, and better results. Consequently, the operating room equipment market has been witnessing steady growth over the years.

A recent trend observed in the operating room equipment market is the creation of hybrid operating rooms, wherein surgical as well as non-surgical functions are being carried out. Some key nonsurgical functions include radiology, diagnostics, and patient monitoring.

With a highly fragmented vendor landscape, the operating room equipment market is characterized by the presence of a number of leading companies. Most of them are focused on innovation, pushing the market to expand at a strong 6.7% CAGR during the forecast period. The value of the operating room equipment market is poised to reach US$42,873.3 million by 2023.

global operating room equipment market

Complex Surgeries Warrant Need for Operating Tables with Varied Functions and Features

Product-wise, this report segments the operating room equipment market into endoscopes, biomedical systems, movable imaging systems, surgical booms, operating room integration systems, microscopes, surgical imaging displays, operating room lights, operating tables, and anesthesia systems. As of 2017, the movable imaging systems segment held a strong position in the operating room equipment market, generating a revenue of US$8,384.9 million. Over the course of 2017 to 2023, this segment is poised for rapid growth owing to increased funding by government bodies, especially in North America, for the promotion of movable imaging systems. There are several ongoing efforts at regional scales as well, to modernize and upgrade hospitals supported by state or local organizations. This is likely to positively impact the sales and adoption of movable imaging systems.

Biomedical systems, which comprises of patient warmers, electrical surgical units (ESUs), patient monitoring systems, suction systems, pumps surgical tourniquets, and others, is the second most lucrative product segment of the operating room devices market. In 2017, this segment generated a revenue of US$7,785.1 million and is projected to hold onto its second position in terms of demand potential.

Operating Room Integration Systems Primed for Robust Growth Rate

Operating room integration systems are also slated to register impressive growth over the course of the forecast period thanks to increased demand for improved connectivity between medical devices and the hospitals they are being used in and the rising development of smart infrastructure at medical facilities. The global operating room integration systems market is estimated to be worth US$1,042.0 million by 2023, registering an above-average CAGR of 9.3% during 2017 to 2023.

The analyst of the report has also foreseen the segment of operating tables to expand profitably in the near future, which can be attributed to the constant evolution of surgical procedures around the world. As surgeries become more and more complex, the need for technologically advanced, varied, and ergonomically designed operating tables has emerged.

North America and Europe Key Regional Market

Based on geography, the operating room equipment market is segmented into Europe, North America, Asia Pacific, and Rest of the World. North America and Europe are two of the largest markets for operating room equipment, considering the greater affordability of countries in these regions to purchase and install advanced medical devices. The scope of revenue generation has been consistently expanding in Europe and North America, with companies focusing on product innovation and improvement. There is also a strong demand for constant upgrading of operating room equipment, giving these two regional markets a significant boost. By 2023, the North America operating room equipment market is estimated to be worth US$18,696.9 million, whereas the European region will generate a demand of valuation US$11,453.6 million by the same year.

Medical Tourism Boosts Opportunities in APAC and LATAM

Asia Pacific and Latin America are highly lucrative markets for operating room equipment, driven primarily by improving healthcare infrastructure and greater population density. An increasing number of companies are finding countries in these two regions to be rather sustainable for the long run, enabling the regional markets to exhibit an optimistic outlook. Medical tourism has played a very important role in the Latin America and Asia Pacific operating room equipment markets, with an increasing presence of large global players in countries such as Brazil, Mexico, India, Malaysia, and Indonesia.

Steris Corporation, Philips Healthcare, Stryker Corporation, KARL STORZ GmbH & Co. KG, Olympus Corporation, GE Healthcare, Skytron, LLC, TRUMPF GmbH + Co. KG., Maquet Holding B.V. & Co. KG (Getinge AB), Siemens Healthcare, Mizuho OSI, and Allen Medical (Hill ROM) are some of the top companies operating in the operating room equipment market.

Global Operating Room Equipment Market: Overview

The operating room equipment market report evaluates each of the segments and its sub-categories in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global operating room equipment market and could influence the market in future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players operating across the globe. All these factors would help market players to take strategic decisions in order to strengthen their market positions and increase their correspondent market shares.

The recommendations section included in the report would assist existing market players in targeting all major stakeholders in this industry such as companies and hospitals. The report also profiles major players in the global operating room equipment market based on various attributes such as company details, business overview, financial facts, business strategies and recent developments.

Global Operating Room Equipment Market: Key Research Aspects

The operating room equipment market report analyzes the current and future prospects of the global market. The operating room equipment market comprises movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. The growth of the overall market is due to rise in number of hospitals, growing number of ambulatory surgical centers, surge in demand for hybrid operating rooms, growing number of regulations for operating room equipment, and increase in number of geriatric population coupled with high number of surgeries worldwide. Globally, the operating room equipment market has been experiencing steady growth and the trend is expected to continue during the forecast period from 2017 to 2023.

Global Operating Room Equipment Market: Segmentations

Based on product type, the operating room equipment market has been segmented into movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. The market segments have been extensively analyzed based on usefulness, efficacy, revenue, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2023.

Additional information, such as recent developments in operating room equipment, market dynamics, and value chain analysis, in the market overview chapter provides details to assist new and existing players to venture and explore latent market opportunities in the near future. This report provides in-depth analysis of the global operating room equipment market. The stakeholders for this report include companies involved in the research and development and application. In order to provide a snapshot of this market to stakeholders, this report includes an executive summary section, which summarizes the market size, trends, and competition for different regions.

Global Operating Room Equipment Market: Vendor Analysis

The operating room equipment market report also includes recommendations section that will assist new companies to establish their presence and existing players to expand their market shares. Key players in the operating room equipment market include Allen Medical (Hill ROM), GE Healthcare, KARL STORZ GmbH & Co. KG, Mizuho OSI, Maquet Holding B.V. & Co. KG (Getinge AB), Olympus Corporation, Philips Healthcare, Siemens Healthcare, Skytron, LLC, Steris Corporation, Stryker Corporation, and TRUMPF GmbH + Co. KG.

Global Operating Room Equipment Market, by Product Type

  • Movable Imaging Systems
  • Biomedical Systems
  • Endoscopes
  • Anesthesia Systems
  • Operating Tables
  • Operating Room Lights
  • Surgical Imaging Displays
  • Operating Room Integration Systems
  • Surgical Booms
  • Microscopes 

Global Operating Room Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East & Africa