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According to the latest report published by Credence Research, Inc. "Operating Room Equipment Market – Growth, Future Prospects and Competitive Analysis, 2018-2026," the global market for operating room equipment was valued at USD 28,917.6 million in 2017 and is expected to reach USD 48,165.1 million by 2026, growing at a CAGR of 5.9% from 2018 to 2026.Market Insights
Over decades, the operating room has constantly evolved into an ideal operating room that fulfills all requirements and safety measures for patients and medical staff. The ongoing technological developments in the operating room equipment industry are expected to drive the overall market as the latest technologies are always the first choice for established hospital chains or outpatient clinics. Patient safety is one of the most important parts of the design of the operating room in which installation of each device is decided on the basis of medical requirements and specialties provided by the respective medical institution. However, increasing awareness related to early disease diagnosis for chronic diseases and supportive medical reimbursement policies are assisting the growth in number of surgeries and critical disease diagnosis. Thus, overall aiding a substantial growth in increasing number of healthcare facilities that own operating rooms.
Browse the full report Operating Room Equipment Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/operating-room-equipment-market
Key Market Movements:
-Increasing prevalence of chronic diseases coupled with mounting awareness related to disease diagnosis & treatment
-Increasing number of hospitals and ambulatory care centers is expected to assist the demand for operating room
equipment
-Incessant advancement in the technologies of operating room equipment
-Multi-tasking equipment and smart devices are in high demand specifically for carrying out complex surgeries in operating
room.
Key products in operating rooms are anesthesia & respiratory devices, patient monitoring, surgical equipment, and other products. Anesthesia & respiratory devices dominated the market segment in 2017 as these devices are an integral part of almost all types of surgery and the recent surge in the adoption of Anesthesia Information Management Systems (AIMS) is expected to maintain its dominance throughout the forecast period. The importance of sterilization and single-use accessories is increasing due to the increasing prevalence of hospital-acquired infections, which are one of the most life-threatening infections. Hence, accessories of anesthesia and respiratory devices that come in contact with patients are usually for single use.
In 2017, North America was identified as the largest operating room equipment market due to key drivers such as increasing awareness & prevalence related to chronic diseases, developed healthcare infrastructure & high accessibility towards modern operating room equipment, and increasing number of ambulatory surgical centers. Outpatient hospital care centers are growing significantly in the United States due to cost-efficiency, preferred destination for minimally invasive surgeries, and high accessibility compared to multispecialty hospitals.
Market Competition Assessment:
The growth of operating room equipment is at a steady rate and major players present in this market are specifically focusing on providing technologically advanced, mobile, cost-efficient & multi-tasking equipment. The key manufacturers present in this market are Philips Healthcare, Medtronic, Getinge AB, Stryker Corporation, Siemens Healthineers, Karl Storz GmbH & Co. Kg, GE Healthcare, Hill Rom (Trumpf Medical), STERIS plc, and Skytron among others.
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ToC:
Chapter 1. Preface
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Chapter 2. Executive Summary
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Chapter 3. Global Operating Room Equipment Market: Market Dynamics and Future Outlook
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Chapter 4. Global Operating Room Equipment Market, by Type of Product, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Anesthesia & Respiratory Devices
4.2.1. Anesthesia Systems
4.2.2. Patient Warmers
4.2.3. Ventilators
4.3. Patient Monitoring
4.3.1. Surgical Imaging Displays
4.3.2. Movable Imaging displays
4.3.3. Vital Signs Monitoring Devices
4.4. Surgical Equipment
4.4.1. Electrical Surgical Units
4.4.2. Handheld Surgical Instruments
4.4.3. Operating Tables
4.4.4. Surgical Boom
4.5. Other Products
4.5.1. Microscopes
4.5.2. Endoscopes
4.5.3. Operating Room Integration Systems
Chapter 5. Global Operating Room Equipment Market, by End-Users, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Ambulatory Surgical Centers
5.4. Clinics
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Chapter 7. Company Profiles
7.1. Philips Healthcare
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. KARL STORZ GmbH & Co. KG
7.3. Medtronic plc
7.4. Getinge AB
7.5. Stryker Corporation
7.6. Siemens Healthineers
7.7. GE Healthcare
7.8. Hill Rom (Trumpf Medical)
7.9. STERIS plc
7.10. Skytron
........................toc continued
Browse the full report Operating Room Equipment Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/operating-room-equipment-market
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Blog: Operating Room Equipment Market
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