Operating Room Equipment Market to Show Incredible Growth During the Forecast Period 2022-2032

Operating Room Equipment Market Overview

The operating room equipment market is expected to register a CAGR of 4.5% during the forecast period, up from US$ 30.9 Bn in 2022 to reach a valuation of US$ 42 Bn by 2032.

Sales of operating room equipment are expected to rise along with the increase in regulatory approvals for the operating room equipment market. In addition to this, demand for operating room equipment is rising on account of an increase in government investments, funds, and grants worldwide and due to the growing number of hospitals.

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Increasing patient preference for minimally invasive surgeries and an increase in the number of geriatric patients combined with an increase in the number of surgeries globally are also projected to contribute to the growth of the operating room equipment market share.

Some of the critical operating room equipment market trends promoting the demand for operating room equipment include a boom in OR equipment investments grants and money by government agencies around the world. There has been an increase in the adoption of operating room equipment in medical settings. The expensive cost of operating room equipment, on the other hand, is projected to stifle market expansion.

Healthcare professionals and surgeons are increasingly demanding operating rooms with technologically advanced technologies that are easy to use and flexible, resulting in improved operational efficiency and patient care. As a result, the worldwide operating room equipment market is significantly impacted.

What are the Key Dynamics to the Operating Room Equipment Market Share?

Presently, sales of operating room equipment are driven by technological advancement in the healthcare sector, increase in the number of surgery procedures around the globe, increase in the number of ambulatory surgical centers, rise in the aging population and increase in the prevalence of chronic disease.

However, high costs associated with the latest technological devices are a significant barrier to the global demand for operating room equipment.

An operating room equipped with technically advanced equipment ensures better patient care and enhanced operational efficiency by empowering surgeons and other healthcare professionals with greater flexibility and ease of handling.

Rapid technological advancement has brought a lot of changes in the way of surgical procedures are carried out today around the globe.

Operating rooms are becoming more spacious with new and advanced operating equipment that have become an essential part of modern hybrid operating rooms, leading to growing sales of operating room equipment.

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The sales of operating room equipment are primarily characterized by growing demand for operating room equipment that is technically advanced as healthcare providers across the globe are increasingly adopting the concept of hybrid operating rooms.

A hybrid operating room combines the surgical and non-surgical functions such as diagnostics, radiology, patient monitoring, etc., in one place and provides surgeons with greater operational flexibility by enabling access to advanced imaging modalities such as C-arm, CT scanners, MRI scanners, and others.

With rapid technological advancement, increase in the number of ambulatory surgical centers, rise in the aging population, increasing demand for operational efficiency, increase in the prevalence of chronic disease, and increase in the number of surgery procedures around the globe, the operating room equipment global market is expected to have a healthy growth rate in the sales of operating room equipment during the forecast period.

Which Region holds the Highest Growth Potential in the Operating Room Equipment Market?

Depending on geographic regions, the global operating room equipment market is segmented into seven key regions following the rising demand: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. The demand for operating room equipment is rising steadily on a global level.

North America is the leading market for sales of operating room equipment due to rapid technological innovations and massive investment in research and development in this region.

Whereas Europe and Asia-Pacific are projected to grow the sales of operating room equipment at a substantial growth due to large consumer base, rising government initiatives for enhancing healthcare infrastructure, and high disposable income will contribute to the global demand for operating room equipment exhibiting a robust CAGR during the forecast period.

Who are the Key Players in the Operating Room Equipment Market?

Some of the key participating global players in the operating room equipment market are Getinge AB, Creative Health Tech Pvt. Ltd., Stryker Corporation, Siemens Healthcare GmbH, STERIS Corporation, Trumpf Medical, BERCHTOLD Corporation, and others.

Operation theatres are one of the most significant revenue-generating sources for hospitals, with a high share in the sales of operating room equipment. Hence, they are a priority for them to upgrade. In addition, the growing need for hybrid operating rooms and increased expenditures in infrastructure and innovative technology to achieve more efficient outcomes are likely to fuel the demand for operating room equipment.

Getinge AB released an improved version of its mechanical ventilator, the Servo-u 4.0, in March 2019 with tailored lung protection and transpulmonary pressure monitoring functions to make difficult treatments easier for physicians while also making it safer for patients to combat the growing demand for operating room equipment.

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