Operating Room Equipment Market to Grow at 7.03% CAGR Driven by Hybrid Operating Room to 2020

ReportsnReports.com adds Global Operating Room Equipment Market 2016-2020 latest research report, the analysts forecast the global operating room equipment market to grow at a CAGR of 7.03% during the period 2016-2020.

A significant trend that will impel the prospects for growth in operating room equipment market is the rising popularity of hybrid ORs. Recently, it has been observed that the number of hybrid ORs in healthcare facilities has increased globally. These ORs consist of surgical tools and equipment along with advanced imaging equipment. Since they offer a sterile OR environment, surgeons can perform surgeries, both open surgeries and MI procedures, with ease. The ability of these ORs to reduce the total healthcare expenditure, enhance patient safety, and minimize the time taken to perform surgeries will lead to its increased popularity in the fields of neurosurgery, cardiology, and orthopedics.

Complete report on operating room equipment market spread across 79 pages, analyzing 5 major companies and providing 42 data exhibits is now available at http://www.reportsnreports.com/reports/524621-global-operating-room-equipment-market-2016-2020.html.

According to the operating room equipment market report, the number of surgeries is on the rise worldwide, particularly outpatient surgeries. These surgeries require high-resolution monitors and audio and video systems for recording and documentation. The increase in the number of surgical procedures has led to a rise in the demand for OR equipment.

This report covers the present scenario and the growth prospects of the global operating room equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of capital equipment.

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The global operating room equipment market an analyst said most endoscopic surgeries such as large and small intestine surgeries, insertion of prosthetic lens or extraction of lens, and cataract surgeries are performed in ASCs. Technological advances have made it possible for ASCs to perform many types of surgical procedures.

Patients prefer surgeries in ASCs than hospitals because most surgeries are performed on an outpatient basis and are cost-effective. To advance the facility, ASCs are installing HD monitors, high-resolution cameras, surgical booms, advanced operating tables, and integrated OR systems.

Segmentation by Product and Analysis of the Operating Room Equipment Market - Operating tables, Surgical lights, Surgical imaging displays, Operating room integration systems and Surgical booms

Operating tables form the largest segment of the global OR equipment market and is expected to generate revenues of over USD 1.1 billion by the end of the forecast period. Due to the evolution of surgical procedures, the need for different types of operating tables has also increased. The prospects for growth in this market segment are further propelled by the increasing number of complex surgeries, which in turn has resulted in the development and adoption of technologically advanced and ergonomically designed operating tables. Order a copy of Global Operating Room Equipment Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524621.

Geographical Segmentation of the Operating Room Equipment Market – Americas, APAC and EMEA

The Americas is the largest operating room equipment market globally and is expected to account for a market share of more than 43% by 2020. Factors such as the presence of several major healthcare institutions and increased investment in R&D will propel the demand for advanced and hybrid OR equipment during the forecast period. Furthermore, with the growing integration of OR suites and the introduction of specialized operating tables, the OR equipment market in the Americas will have a positive outlook until the end of 2020.

The global operating room equipment market has tremendous growth potential owing to the recent increase in the number of surgeries being performed in different countries. As a few vendors dominate this marketplace, the level of competition is very intense. The vendors that have the capability to develop highly specialized and technologically advanced products are expected to gain a competitive edge over their peers.

Key players in the global operating room equipment market: MAQUET Holding B.V & Co. KG, Skytron LLC, STERIS plc, Stryker Corp., and TRUMPF Medizin Systeme GmbH + Co. KG (Trumpf Medical)

Other prominent vendors in the market are: ALVO Medical, Amico, Dr. Mach, Drager, DRE, Etkin Medical Devices, Herbert Waldmann, Karl Storz, Mindray, Mizhuo, NDS Surgical Imaging, NUVO Surgical, Olympus Medical Systems, Philips, Schaerer Medical, Simeon Medical, Surgiris, Toshiba, and Welch Allyn.

Further, the operating room equipment market report states that OR equipment is expensive and classified as capital items by healthcare institutions. Hospitals and healthcare institutions need to consider high maintenance cost and budget allocation before purchasing the equipment.

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