Operating Room Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Operating Room Equipment Market is Segmented by Product (Anesthesia Devices, Endoscopes, Operating Room Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors, Others), End-User and Geography

Market Snapshot

Operating Room Equipment Market
Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.4 %

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Market Overview

The operating room equipment market studied was projected to grow with a CAGR of nearly 6.4% over the forecast period. The major factors attributing to the growth of the market are the growing incidence of chronic diseases that require surgeries, a rising number of hospitals and increasing government fundings.

As per the data published by the Ministry of Health & Family Welfare, Government of India, under the PMSSY scheme six AIIMS like institutions received Rs. 620 crores towards the cost of construction and Rs. 200 crores for procurement of medical equipment and modular operation theaters. Such types of investments are expected to create new opportunities for market players. The operating room equipment market has been increasing substantially over the last two years, and the market has been considered by technological innovation and rise in the inclination for technologically sensible and accurate medical and surgical equipment.

Scope of the Report

As per the scope of the report operating room equipment is designed for surgeons and surgical staff to perform surgical procedures that require time, patience, focus, and safety. This report is segmented by Product, End-User, and Geography

By Product
Anesthesia Devices
Endoscopes
Operating Room Tables
Electrosurgical Devices
Surgical Imaging Devices
Patient Monitors
Others
By End-User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Endoscopes Segment is Expected to Witness the Fastest Growth over the Forecast Period

An endoscope is an illumined optical, usually slender and tubular instrument used to look deep into the body. It is used to examine the internal organs like the throat or esophagus. The growing patient inclination for endoscopic procedures, increasing awareness about minimally invasive procedures, and growing embracing of technological innovations in surgical procedures are some of the driving forces accountable for the growth of the segment in the forthcoming years. 

The rise in the incidence of cancer, gastrointestinal disorders, and lifestyle-related diseases are expected to further expand the market. Therefore as the incidence of diseases like cancer increases, the use of endoscope equipment also increases.

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall operating room equipment market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of chronic diseases in the region, established healthcare infrastructure are some of the key factors accountable for its large share in the market. 

Furthermore, beneficial government initiatives and a rising number of ambulatory surgical centers are some of the drivers expected to increase the market growth. In the North America region, the United States holds the largest market share due to factors such as an increasing number of geriatric populations, along with a growing number of diseases in the country, which is anticipated to stimulate the demand in this region.

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Competitive Landscape

The operating room equipment market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Koninklijke Philips N.V.; STERIS plc, Stryker; Karl Storz SE & Co. KG; Siemens Healthineers; Hill-Rom Services Inc; Getinge AB; Medtronic Plc; and GE Healthcare. Massive funding for R&D combined with new product launches are vital strategies implemented by leading companies to secure a larger share of the global market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Incidence of Chronic Diseases which Require Surgeries

      2. 4.2.2 Rising Number of Hospitals and Increasing Government Funding

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Operating Room Equipments

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Anesthesia Devices

      2. 5.1.2 Endoscopes

      3. 5.1.3 Operating Room Tables

      4. 5.1.4 Electrosurgical Devices

      5. 5.1.5 Surgical Imaging Devices

      6. 5.1.6 Patient Monitors

      7. 5.1.7 Others

    2. 5.2 By End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips N.V

      2. 6.1.2 Steris Plc

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 Karl Storz SE & Co. KG

      5. 6.1.5 Siemens Healthineers

      6. 6.1.6 Hill-Rom Services Inc

      7. 6.1.7 Getinge AB

      8. 6.1.8 Medtronic Plc

      9. 6.1.9 GE Healthcare

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Operating Room Equipment Market market is studied from 2018 - 2026.

The Operating Room Equipment Market is growing at a CAGR of 6.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Koninklijke Philips N.V.
  • STERIS plc
  • Stryker Corporation
  • Karl Storz SE & Co. KG
  • Siemens Healthineers

Are the major companies operating in Operating Room Equipment Market.

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