Operating Room Equipment and Supplies Market to Surpass US$ 47.7 Billion Threshold by 2025: Coherent Market Insights
The global operating room equipment and supplies market, by Product Type (Supplies Type (Surgical Instruments, Disposable Materials, Accessories, and Others), Equipment Type (Anesthesia Machines, Electrosurgical Units, Multi-Parameter Patient Monitors, Surgical Imaging Devices (Mobile C-arms, Mini C-arms), Operating Tables, Operating Room Lights, and Other Operating Room Equipment)), by Application (Orthopedic and Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, and Others), by End User (Hospitals, Ambulatory Surgical Centers, Emergency Clinics, and Others), and by Region(North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 26.7 billionin 2017 and is projected to exhibit a CAGR of 7.5% over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights.
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The integration of technologically advanced surgical equipment in the operating room and increasing adoption of minimally or non-invasive surgeries and ablations procedures, is expected to led to high demand for advanced medical and healthcare devices and technologies. These are expected to aid surgeons to perform surgical operations, efficiently and safely, with better outcomes, in the operating rooms.
Key players in the market are focusing on continuous product launches in operating room equipment and supplies and this is expected to be another factor supporting growth of the market. For instance, in October 2013, Koninklijke Philips N.V. launched three new products in the operating room equipment segment, which includes IntelliSave AX700 anesthesia machine, IntelliVue MX400, and MX450 patient monitors. Philips’s anesthesia product, IntelliSave AX700 received the US FDA approval and this product is designed to provide low-flow and minimal-flow anesthesia, as well as extensive ventilation capabilities. Moreover, in October 2017, Siemens Healthineers launched the Cios Spin, a new mobile flat detector C-arm, in the medical imaging segment. The device is designed to aid intra-operative 3D imaging with a flat panel detector technology, as well as software package to ensure the efficient integration of 3D imaging into surgical workflow. Also, in January 2018, Mindray launched BeneVision N1 Patient Monitor, designed to be used in various intra and out-of hospital patient transport, and provides maximum mobility and patient centric data continuity. Furthermore, in January 2018, Hologic, Inc. launched the mini C-arm imaging: the Fluoroscan InSight FD Mini C-Arm, for enhanced skeletal imaging.
Browse 35 Market Data Tables and 38 Figures spread through 170 Pages and in-depth TOC on “Operating Room Equipment and Supplies Market by Product Type (Supplies Type (Surgical Instruments, Disposable Materials, Accessories, and Others), Equipment Type (Anesthesia Machines, Electrosurgical Units, Multi-Parameter Patient Monitors, Surgical Imaging Devices (Mobile C-arms, Mini C-arms), Operating Tables, Operating Room Lights, and Other Operating Room Equipment)), by Application (Orthopedic and Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, and Others), by End User (Hospitals, Ambulatory Surgical Centers, Emergency Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) – Global Forecast to 2025”
Key Takeaways of the operating room equipment and supplies market:
The global operating room equipment and supplies market is expected to exhibit a CAGR of 7.5% over the forecast period, owing to rising prevalence of various chronic diseases, increasing numbers of surgery procedures, and rising patient preference for minimally or non-invasive surgeries.
Among product type, operating room equipment accounts for large market share owing to high dependency on medical equipment in surgical operating room.
Among applications, orthopedic and trauma surgeries is expected to be dominant segment over the forecast period. This is owing to increasing number of these surgeries performed globally, compared to the other surgery procedures. For instance, according to research by Royal College of Surgeons, 1.2 million procedures of trauma and orthopaedic were performed between 2013 and 2014, in the U.K.
Some of the major players operating in the global operating room equipment and supplies market are Drägerwerk AG & Co. KGaA, Fujifilm Holdings Corporation, Getinge AB, GE Healthcare, Hill-Rom Holdings, Inc., KARL STORZ GmbH & Co. KG, Mizuho OSI, Medtronic, plc, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation and Siemens AG.
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