Rising in the number of surgical procedures and interventions, is expected to drive market expansion in the near future at a CAGR of 8.00% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Operating Room Equipment Supplies Market” that contains information from 2018 to 2032. The Operating Room Equipment Supplies market is estimated to register a CAGR of 8.00%during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Operating Room Equipment Supplies market— STRYKER CORPORATION, HILL ROM HOLDING INC. (WELCH ALLYN, STERIS PLC, MIZUHO OSI, MEDTRONIC PLC, DRÄGER SAFETY AG & CO. KGAA, KARL STORZ GMBH & CO. KG, GETINGE GROUP, GENERAL ELECTRIC COMPANY, KONINKLIJKE PHILIPS N.V.
Operating Room Equipment Supplies Market Highlights
The global Operating Room Equipment Supplies market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 87.56 billion by 2032.
The need to provide improved patient care systems in a sterile environment across various healthcare facilities is driving the growth of the market for operating room supplies and equipment. An increase in surgical procedures performed globally is expected to fuel growth in the market for supplies and equipment used in operating rooms. Patients are increasingly choosing minimally invasive operations because of their many benefits, which include reduced trauma, lower costs, and shorter hospital stays. Operating room equipment and supply market growth will be aided by the increased number of research and development activities.
Segment Analysis
The global Operating Room Equipment Supplies market has been segmented based type, type and end-user.
On the basis of type, the market is segmented into Surgical Instruments, Disposable Materials, Accessories and Other OR Supplies. The surgical instruments segment was attributed to holding the largest market share in 2022 because surgical procedures have increased as the frequency of chronic diseases and disorders has increased.
Based on type, the global Operating Room Equipment Supplies market has been segmented into Anethesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Tables and Operating Room Lights. The Electrosurgical Units segment was expected to hold the largest market share in 2022. The reason for the growth of this sector is because there are more surgeries being performed.
On the basis of end-user, the market is segmented into Hospitals, Outpatient Facilities and Ambulatory Surgery Centers. The Ambulatory Surgery Centers segment was attributed to holding the largest market share in 2022 due to operation theatres are one of the largest revenue-generating sources for hospitals, hence they are a focus for them to upgrade.
Regional Analysis
The global Operating Room Equipment Supplies market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Operating Room Equipment Supplies market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Operating Room Equipment Supplies market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Operating Room Equipment Supplies market comprises of Middle East, Africa, and Latin America.
The largest market share for Operating Room Equipment Supplies was maintained by the North American regional sector. Due to the region's adequate access to healthcare and medical facilities, North America currently controls the majority of the market for operating room supplies and equipment. The market's growth rate in this region will also be boosted by rising healthcare spending and expanding acceptance of cutting-edge technologies. The demand from healthcare facilities to provide better patient care systems in a sterile environment is driving the growth of the market for operating room supplies and equipment.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Operating Room Equipment Supplies is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market's growth rate in this area will be boosted by rising healthcare spending and expanding acceptance of innovative technology.
Additionally, Due to a huge patient pool, an increase in the number of hospitals and healthcare facilities with better infrastructure, and a rise in the prevalence of chronic diseases, Asia Pacific is one of the major markets for operating room equipment. Foreign investors are drawn to Asia Pacific's enormous population base and significant unmet demands when looking to expand into emerging economies.
Furthermore, the rest of the world's Operating Room Equipment Supplies market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of hospitals and healthcare facilities research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Operating Room Equipment Supplies market is expected to reach USD 87.56 billion by 2032, at a CAGR of 8.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing prevalence of chronic diseases by government bodies through policies and initiatives.
- Based on end-user, the hospitals segment was attributed to holding the largest market share in 2022O.
- STRYKER CORPORATION, HILL ROM HOLDING INC. (WELCH ALLYN, STERIS PLC, MIZUHO OSI, MEDTRONIC PLC, DRÄGER SAFETY AG & CO. KGAA, KARL STORZ GMBH & CO. KG, GETINGE GROUP, GENERAL ELECTRIC COMPANY, KONINKLIJKE PHILIPS N.V.
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Companies Covered | 15 |
Pages | 128 |
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