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Operating Room Equipment Market - Global Industry Analysis

Operating Room Equipment Market By Product (Anesthesia Devices, Endoscopes, Operating Room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices And Patient Monitors), For Hospitals, Outpatient Facilities And Ambulatory Surgical Centers: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 30-Jun-2021 Category: Medical Device Report Format : PDF Pages: 120 Report Code: ZMR-2515 Status : Published

The global Operating Room Equipment market accounted for USD 34.4 Billion in 2020 and is expected to reach USD 51.9 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.

Description

Market Overview     

The global Operating Room Equipment market accounted for USD 34.4 Billion in 2020 and is expected to reach USD 51.9 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.

Operating rooms are dedicated workspaces that are prepared with highly functional equipment of the very best quality, which surgeons and other OR personnel use to perform lifesaving procedures or Surgeries. Increasing preference for minimally invasive surgeries like cardiac, gastrointestinal, ENT, etc. which require OR equipment is further expected to foster the market demand for OR equipment in the coming five years. These minimally invasive aren't only also cost-effective but also reduce the patient stay duration during pre and post procedures/operations. Additionally, the aging population including the increasing incidences of chronic diseases is expected to propel the expansion during this market in the coming five years. For instance, consistent with the U.S. Bureau of the Census, disorder, lung disease, cancer, and stroke are the leading killers of the population aged 60 and over.

COVID-19 Impact Analysis  

Besides, the COVID-19 outbreak, there's a drastic rise in the demand for healthcare facilities across the world. 2020 has been a dramatic rush of ICU visits and checkups so far, all because of a pandemic that has shaken the entire world. The Novel Coronavirus that caused the COVID-19 disease unleashed a disaster of extraordinary proportions. As healthcare spends for COVID-19 increases exponentially, companies that conduct research, develop potential vaccines, produce test kits, and manufacture or supply medical equipment are likely to benefit the most. The reason is clear - governments across the world will invest in not only damage control, but also in the prevention of any potential resurgence of the pandemic. This also means that companies other than those manufacturing Personal Protective Equipment or infrastructure support that is not directly connected to COVID-19 would face disruptions in business.

Growth Factors

Major growth drivers for the OR equipment market are the increasing geriatric population including growing incidences of chronic disease, increasing awareness about the effectiveness of minimally invasive procedures. Additionally, an increasing number of ambulatory surgical centers and an outsized patient pool for surgeries, improving healthcare infrastructure, and affordability of the patients also are anticipated to fuel the expansion during this market within the forecast period. Furthermore, increasing investments for technological advancements during this field also are supplemented the market growth within the forecast period.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

End-User Segment Analysis Preview  

Based on end-user, the worldwide marketplace for OR equipment is segmented into hospitals, outpatient facilities, and ambulatory surgical centers. Hospitals have accounted for the main share of this segment in 2018 due to the increased investments in healthcare infrastructure & the use of advanced technologies. However, ambulatory surgical centers are expected to witness the fastest growth within the forecast period due to increasing demand from healthcare participants in surgical care such as; healthcare professionals, patients, and insurers. Additionally, increasing demand for patient satisfaction, cost-effective procedures, and efficient practices by healthcare professionals also are expected to spice up the expansion of this market within the forecast period.

Product Segment Analysis Preview  

The operating room equipment market is segmented based on product, end-user, and region. The product segment is categorized into; anesthesia devices, endoscopes, operating room lights, operating tables, electrosurgical devices, surgical imaging devices, and patient monitors.  In this segment, anesthesia devices are expected to attribute to the most important market share within the forecast period. The endoscopes are expected to point out the fastest growth within the coming five years due to increasing awareness about minimally invasive procedures and patients’ inclination towards endoscopic procedures.

Regional Analysis Preview

Based on geography, North America is predicted to capture the main share during this market within the forecast period due to the increasing number of ambulatory surgical centers and the increasing prevalence of chronic diseases. additionally, well-developed healthcare infrastructure and rising demand for minimally invasive surgeries also are anticipated to spice up the expansion during this market. North America is predicted to follow by Europe and therefore the Asia Pacific during this market within the forecast period.

Asia-Pacific is predicted to point out the fastest growth during this market due to the rising awareness about minimally invasive surgeries and improving healthcare infrastructure. additionally, increasing healthcare expenditure and a growing number of hospitals & healthcare facilities and government support in developing countries of this region has also boosted the expansion during this market. Latin America and Middle East & Africa OR equipment market is estimated to point out a healthy growth within the forecast period.

Key Market Players & Competitive Landscape

The major players that are comprised in  Operating Room Equipment market are Stryker Corporation, STERIS Corporation, GE Healthcare, Getinge Group, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Mizuho OSI , Philips Healthcare , Medtronic, Inc. and KARL STORZ GmbH & Co. KG among others.

The global  Operating Room Equipment Market is segmented as follows:

By Product

  • Anesthesia Devices
  • Endoscopes
  • Operating room Lights
  • Operating Tables
  • Electrosurgical Devices
  • Surgical Imaging Devices
  • Patient Monitors
  • Others 

By End-User

  • Hospitals
  • Outpatient Facilities
  • Ambulatory Surgical Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By End-User
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Operating Room Equipment Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Operating Room Equipment Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Anesthesia Devices
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. ENDOSCOPES
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Operating room Lights
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Operating Tables
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Electrosurgical Devices
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Surgical Imaging Devices
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Patient Monitors
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.9. Others
      • 4.9.1. Market Size and Forecast, By Region (USD Billion)
      • 4.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Operating Room Equipment Market – End User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End-User, 2020 & 2028
    • 5.2. Hospitals
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Outpatient Facilities
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Ambulatory Surgical Centers
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Musculoskeletal Pain
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Operating Room Equipment Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End-User, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By End-User, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By End-User, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By End-User, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End-User, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By End-User, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By End-User, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By End-User, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By End-User, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By End-User, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By End-User, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End-User, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By End-User, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By End-User, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By End-User, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By End-User, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By End-User, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End-User, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By End-User, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By End-User, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By End-User, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By End-User, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
  • Chapter No. 7: Operating Room Equipment Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By End-User Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Operating Room Equipment Market: Company Market Share, 2019
      • 8.1.2. Global Operating Room Equipment Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Operating Room Equipment Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Operating Room Equipment Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Stryker Corporation
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. STERIS Corporation
    • 9.3 GE Healthcare
    • 9.4 Getinge Group
    • 9.5 Hill-Rom Huldings, Inc.
    • 9.6 Drägerwerk AG & Co. KgaA
    • 9.7 Mizuho OSI
    • 9.8 Philips Healthcare
    • 9.9 Medtronic, Inc.
    • 9.10 KARL STORZ GmbH & Co. KG
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By End-User
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global  Operating Room Equipment Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global  Operating Room Equipment Market for Anesthesia Devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of  Operating Room Equipment Market for Anesthesia Devices, By Country, 2020 & 2028
FIG NO. 9. Global  Operating Room Equipment Market for endoscopes, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of  Operating Room Equipment Market for endoscopes, By Country, 2020 & 2028
FIG NO. 9. Global  Operating Room Equipment Market for Operating room Lights, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of  Operating Room Equipment Market for Operating room Lights, By Country, 2020 & 2028
FIG NO. 11. Global  Operating Room Equipment Market for Operating Tables, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of  Operating Room Equipment Market for Operating Tables, By Country, 2020 & 2028
FIG NO. 13. Global  Operating Room Equipment Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of  Operating Room Equipment Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 16. Global  Operating Room Equipment Market for Hospitals, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of  Operating Room Equipment Market for Hospitals, By Country, 2020 & 2028 
FIG NO. 18. Global  Operating Room Equipment Market for Outpatient Facilities, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of  Operating Room Equipment Market for Outpatient Facilities, By Country, 2020 & 2028
FIG NO. 20. Global  Operating Room Equipment Market for Ambulatory Surgical Centers, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of  Operating Room Equipment Market for Ambulatory Surgical Centers, By Country, 2020 & 2028
FIG NO. 22. Global  Operating Room Equipment Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America  Operating Room Equipment Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global  Operating Room Equipment Market
FIG NO. 25. PEST Analysis for Global  Operating Room Equipment Market
FIG NO. 26. Pricing Analysis for Global  Operating Room Equipment Market
FIG NO. 27. Value Chain Analysis for Global  Operating Room Equipment Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology


List of Tables 

TABLE NO. 1. Global  Operating Room Equipment Market: Snapshot
TABLE NO. 2. Quarterly  Operating Room Equipment Market Revenue by Region, 2020
TABLE NO. 3. Quarterly  Operating Room Equipment Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global  Operating Room Equipment Market for Anesthesia Devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global  Operating Room Equipment Market for ENDOSCOPES, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global  Operating Room Equipment Market for Operating room Lights, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global  Operating Room Equipment Market for Operating Tables, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global  Operating Room Equipment Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global  Operating Room Equipment Market for Hospitals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global  Operating Room Equipment Market for Outpatient Facilities, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global  Operating Room Equipment Market for Ambulatory Surgical Centers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14 Global  Operating Room Equipment Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America  Operating Room Equipment Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S.  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S.  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico  Operating Room Equipment Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 24. Drivers for the  Operating Room Equipment Market: Impact Analysis
TABLE NO. 25. Restraints for the  Operating Room Equipment Market: Impact Analysis
TABLE NO. 26. Major Buyers of  Operating Room Equipment
TABLE NO. 27. Distributors/Traders List of  Operating Room Equipment
TABLE NO. 28. Global  Operating Room Equipment Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 29: Global  Operating Room Equipment Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Operating Room Equipment market. Zion Research has collected and analyzed key data belong to the global Operating Room Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Operating Room Equipment across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Operating Room Equipment industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Operating Room Equipment market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

An operating room is a facility within a hospital where surgical operations are carried out in a sterile environment. It is also known as operating theater, operating suite or operation suite. These rooms are equipped with the devices, instruments, and accessories such as operating tables, electrosurgical devices, surgical imaging devices and patient monitors and etc. required for the surgical procedures. Increasing number of surgical procedures due to the increasing chronic diseases drives the growth of operating room equipment market. For example; as per the International Cardiovascular Disease Statistic; it’s been projected that by 2020, chronic diseases will account for almost three-fourths of all deaths. 71% of deaths due to ischemic heart disease, 75 percent due to stroke and 70% due to diabetes will occur in developing countries, 60 percent of the burden of chronic diseases will occur in developing countries and cardiovascular disease is now more numerous in India and China than in all economically developed countries in the world added together.

Development of better healthcare infrastructure, the introduction of advanced technology for surgical procedures and increasing healthcare expenditure are major driving factors for the growth in this market in coming five years. In addition, increasing chronic diseases, increasing preference for minimally invasive procedures and easy to access are expected to foster the growth in this market. Furthermore, increasing geriatric population and increasing number of hospitals with a large number of facilities are also supplementing the market growth. However, high cost associated with latest technology devices hampering this market. In spite of these barriers, innovation of some new technology in this field and emerging markets can be an opportunity in this market.

Global-Operating-Room-Equipment-Market.png

Operating room equipment market is segmented on the basis of product, end-user, and region. On the basis of product, global operating equipment market can be categorized into; anesthesia devices, endoscopes, operating room lights, operating tables, electrosurgical devices, surgical imaging devices and patient monitors. This segment was dominated by anesthesia devices by accounting for the largest share in this market in 2016 owing to its utilization in almost all types of surgeries. Anesthesia provides the ability to eliminate pain during surgery hence the advanced surgery is possible due to the safe and effective Anesthesia. During surgery, it helps to control the patient’s breathing, blood pressure, blood flow, and heart rate and rhythm. Increasing number of surgical procedures is one of the major drivers for anesthesia devices. For example, according to U.S. Department of Health and Human Services, in 2025, the national supply of surgeons is projected to fall short of demand by 20,340 full-time equivalents, with nine of the ten surgical specialties analyzed predicted to have national-level physician shortages.

 On the basis of end-user, the operating room equipment market is segmented into hospitals, outpatient facilities, and ambulatory surgical centers. Hospitals have accounted for the more than 70% market share of this segment in 2016 owing to the high expenditure in the up gradation of operation theaters in the hospitals to generate the high revenue. In addition, increasing investments in healthcare infrastructure & use of advanced technologies are also expected to fuel the growth.

On the bases of the region, the global market for operating room equipment is categorized into; North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including China, Japan, India, U.S. Germany, France, UK, and Brazil. In 2016, North America dominated the market by accounting for the more than 35.9% share of this market owing to the increasing incidences of chronic diseases and increasing geriatric population in this region. For example, U.S. Census Bureau, 2013, in North America, population aged 65 and over is projected to reach 20.7% by 2030 and 21.4% by 2050 of the total world population. In addition, high investment on research and development in this field is also anticipated to propel the growth of this market in this region within the forecast period. Europe is expected to capture the second largest of this market within the forecast period owing to focusing on rapid technological innovations.

Asia Pacific is expected to witness the fastest growth with the highest CAGR in the coming five years. Major driving factors in this region are increasing medical expenditure and raising awareness about minimally invasive surgeries. In addition, increasing geriatric population with increasing prevalence of chronic diseases is also expected to fuel the growth in this market in this region within the forecast period.

Furthermore, improving healthcare infrastructure, affordability of treatment and emergence of new medical tourism destinations are also anticipated to propel the growth of this market in this region in coming five years.

Latin America and Middle East & Africa are expected to show a healthy market growth for operating room equipment within the forecast period. Especially in Brazil due to the high growth rate in the over-60 population over the next 15 years and increasing prevalence of chronic diseases.

Some of the key players in operating room equipment market such as Stryker Corporation, STERIS Corporation, GE Healthcare, Getinge Group, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Mizuho OSI, Philips Healthcare, Medtronic, Inc. and KARL STORZ GmbH & Co. KG among others. 

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FrequentlyAsked Questions

The global  Operating Room Equipment Market was valued at USD 34.4 billion in 2020.

The global  Operating Room Equipment Market is expected to reach USD 51.9 billion by 2028, growing at a CAGR of 5.1% between 2021 to 2028.

Factors such as the increasing incidence of cancer, growth in the elderly population, healthcare infrastructure improvements, and the increasing prevalence of chronic diseases are the major factors driving the market growth.

North America in 2020 ruled the  Operating Room Equipment market and was believed to be the highest income-generating area all over the globe.  

The major players that are comprised in Operating Room Equipment market are Stryker Corporation, STERIS Corporation, GE Healthcare, Getinge Group, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Mizuho OSI , Philips Healthcare , Medtronic, Inc. and KARL STORZ GmbH & Co. KG among others.

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