Operating Room Equipment Supplies Market Analysis

Global Operating Room Equipment Supplies Market Overview

Operating Room Equipment Supplies Market Size was valued at USD 43.8 Billion in 2023. The Operating Room Equipment Supplies Industry is projected to grow from USD 47.30 Billion in 2024 to USD 87.56 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024 - 2032). Rising numbers of procedures, aging populations, and technological development are the key market drivers accelerating market expansion.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Operating Room Equipment Supplies Market Trends

• Increasing demand for a better system of patient care is driving the market growth

Market CAGR for operating room equipment supplies is being driven by the increasing demand for a better system of patient care. A sterile environment where surgical procedures are carried out to address a variety of physiological and pathological conditions is referred to as the operating room (OR). In an operating room with cutting-edge equipment, surgeons and intervention lists have greater autonomy and control. Better patient care and more operational efficiency are provided in ORs with accurate tools and equipment. Operation theater or operating suite are other names for the operating room (OR).

Additionally, the growing need to provide enhanced care for patient’s systems in a clean atmosphere across different medical centers is one of the major factors driving the growth of the operating theater equipment and supplies market. A rise in surgical procedures being conducted ly is expected to promote growth in the market for operating room equipment and supplies. Furthermore, due to its many benefits, which include reduced trauma, less costly procedures, and shorter hospital stays, minimally invasive procedures are becoming more and more popular among patients. It is projected that all of these factors would lead to the expansion of the hospital operating room supplies and equipment market by raising consumer demand for better and more effective operating room equipment.

The expansion of hospitals will also have a significant impact on the market for operating room supplies and equipment. The market for operating room equipment and supplies is expanding at an accelerated rate due to increased urbanization and the frequency of pathological and physiological illnesses. Additionally, the market factors that will propel the expansion of the operating room equipment and supplies market are the rise in regulatory approvals for OR equipment and the rising spending on healthcare infrastructure. The increasing investment in operating room (OR) equipments is another important factor that would slow the growth rate of the market for operating room supplies and equipment.

For instance, World Population Prospects the 2019 Review predicts that by 2050, one in six people—up from one in every eleven—will be above the age of 65. A fourth of the population in both North America and Europe may be 65 or older by 2050. Therefore, it is anticipated that the senior population's high incidence of chronic illnesses will result in higher hospitalization rates, which will raise demand for surgical equipment over the projection period. This results in driving down the Operating Room Equipment Supplies market revenue.

Operating Room Equipment Supplies Market Segment Insights

Operating Room Equipment Supplies Type Insights

The Operating Room Equipment Supplies market segmentation, based on type includes Surgical Instruments, Disposable Materials, Accessories, and Other OR Supplies. The surgical instruments segment dominated the market. The increase in this sector is attributed to the rising developments in the hospitals and many health sectors.

Operating Room Equipment Supplies Type Insights

The Operating Room Equipment Supplies market segmentation, based on Type, includes Anethesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, and Operating Room Lights. The electrosurgical unit’s category generated the most income. The reason for the growth of this sector is because there are more surgeries being performed. However, the surgical imaging devices sector is anticipated to increase at the quickest rate over the course of the projection period due to the widespread use of these devices and their accessibility in surgical settings.

Operating Room Equipment Supplies End User Insights

The Operating Room Equipment Supplies market segmentation, based on End User includes Hospitals, Outpatient Facilities, Ambulatory Surgery Centers (ASCs). The ambulatory surgery centers (ASCs) segment dominated the market. Due to the fact that these facilities provide a welcoming, safe atmosphere for patients of all ages to get medical services like colonoscopies and colorectal cancer screenings.

Figure 1:  Operating Room Equipment Supplies Market, by End User, 2022&2032 (USD Billion)

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Operating Room Equipment Supplies Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Operating Room Equipment Supplies market area will dominate this market. The availability of cheap medical treatments for a variety of disease conditions, as well as technological developments in OR equipment and increased availability of OR equipment in this region, are predicted to fuel market expansion.

Further, the major countries studied in the market report are the US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure 2:  OPERATING ROOM EQUIPMENT SUPPLIES MARKET SHARE BY REGION 2022 (USD Billion)

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Operating Room Equipment Supplies market represents the second-largest market share due to the region's high level of disposable income, extensive customer base, and growing government initiatives to improve healthcare infrastructure. Further, the German Operating Room Equipment Supplies market held a dominant market share, and the UK Operating Room Equipment Supplies market was the European region's fastest-growing market.

The Asia-Pacific Operating Room Equipment Supplies Market is anticipated to see the fastest CAGR between 2023 and 2032. Faster development is a result of the region's high prevalence of chronic diseases, large patient populations, and growing number of hospitals and healthcare facilities with rising infrastructure. Moreover, China’s Operating Room Equipment Supplies market held a dominant market share, and the Indian Operating Room Equipment Supplies market was the Asia-Pacific region's fastest-growing market.

Operating Room Equipment Supplies Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to increase the range of products they offer, which will fuel the growth of the operating room supplies industry. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses. To grow and endure in an increasingly competitive and challenging market environment, the Operating Room Equipment Supplies industry must provide reasonably priced goods.

One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Operating Room Equipment Supplies industry to develop the market sector and provide benefits to customers. In recent years, the Operating Room Equipment Supplies industry has provided the medical industry with some of the biggest benefits. Major players in the Operating Room Equipment Supplies market, including STRYKER CORPORATION, HILL ROM HOLDING INC. (WELCH ALLYN, STERIS PLC, MIZUHO OSI, MEDTRONIC PLC, DRÄGER SAFETY AG & CO. KGAA, KARL STORZ GMBH & CO., and others, invest in operations for research and development in an effort to increase market demand.

Stryker Corporation is based in Kalamazoo, Michigan. Products from Stryker include implants used in joint replacement and trauma surgeries, surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, neurosurgical, neurovascular, and spinal devices, as well as other medical device products used in a range of medical specialties. The majority of Stryker's products are marketed directly to physicians, hospitals, and other healthcare organizations in the United States. Stryker products are sold internationally in more than 100 nations through business-owned sales subsidiaries and branches as well as independent dealers and distributors. In January 2022, The Corporation declared its intention to purchase Vocera Communications, a digital care provider, for almost $3 billion.

Hillrom is a brand name for Hill-Rom Holdings, Inc., an American company that provides medical equipment. Hillrom is a fully owned subsidiary of Baxter and was once a part of Hill-Rom Holdings, Inc., which was formerly a component of Hillenbrand Industries until that company severed its casket business from its medical equipment division in 2008.[3] Illinois's Chicago serves as their corporate headquarters. In 2022, Hillrom revealed the integration of its Nurse Call system with its new High Precision Locating (HPL) technology for tracking personnel and assets.

Key Companies in the Operating Room Equipment Supplies market include

• 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 Industry Developments

February 2021 Royal Philips, a pioneer in healthcare technology, declared that it had successfully purchased BioTelemetry, Inc., a significant provider of remote cardiac diagnostic and tracking with headquarters in the United States.

February 2021 Royal Philips, a pioneer in medical technology, introduced ClarifEye Augmented Reality Surgical Navigation, an industry-first method to provide less invasive spine approaches in hybrid operating rooms like Philips' Hybrid Suite.

August 2021 Medtronic plc announced that it had achieved a binding deal with Intersect, a pioneer in ENT medical technology dedicated to revolutionizing patient care.

Operating Room Equipment Supplies Market Segmentation

Operating Room Equipment Supplies Type Outlook

• Surgical Instruments


• Disposable Materials


• Accessories


• Other OR Supplies

Operating Room Equipment Supplies Type Outlook

• Anethesia Machines


• Electrosurgical Units


• Multi-parameter Patient Monitors


• Surgical Imaging Devices


• Operating Tables


• Operating Room Lights

Operating Room Equipment Supplies End User Outlook

• Hospitals


• Outpatient Facilities


• Ambulatory Surgery Centers (ASCs)

Operating Room Equipment Supplies Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America