According to a new report added to the repository of Market Research Reports Search Engine (MRRSE), the global operating room equipment market is set to rise to US$4 bn by 2019. The report, authored by leading market research firm Transparency Market Research (TMR), and titled ‘Operating Room Equipment Market (Operating Tables, Operating Room Lights, Surgical Booms, Operating Room Integration Systems and Surgical Imaging Displays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, estimates a 6.20% CAGR for the global operating room equipment market from 2013 to 2019. The market was worth close to US$2.7 bn in 2012.
Operating rooms are crucial components of hospitals, since they are the site of all surgical procedures. Equipment used in operating rooms needs to be kept technologically up to date, in order to ensure precise operation. This has helped the global operating room equipment market massively in recent years, as increasing technological innovation has led to rising demand from around the world. Due to intense efforts to upgrade the technological scenario in hospitals, R&D efforts in operating room equipment have increased, propelling the global operating room equipment market.
R&D in operating room equipment has mainly been focused on developing hybrid operating rooms. Rising demand for minimally invasive surgical procedures has been the major trend in the field of healthcare in recent years, which has led to operating rooms equipped with advanced imaging technologies. Usage of imaging equipment such as MRI and CT scanners, catheters, and endoscopes allows surgeons to utilize minimally invasive techniques in various surgical procedures, which has helped the global operating room equipment market. Catering to the demand for hybrid operating rooms is the major direction for key players in the global operating room equipment market.
Regionally, North America leads the global operating room equipment market. Owing to the widespread presence of advanced healthcare facilities in the U.S. and Canada, the regional segment has traditionally led the global market, with a similarly advanced healthcare scenario in Europe helping the latter establish a major presence in the global operating room equipment market. However, the regional operating room equipment markets of Asia Pacific and Latin America present promising potential for key players in the global market owing to intensive government support for modernization of the healthcare scenario in countries such as India, China, South Korea, Brazil, and Argentina.
The report details data regarding the performance of the operating room equipment market in all these regional segments, including historical data, current dynamics, and reliable projections based on trustworthy analysis tools.
Major companies in the global operating room equipment market such as NDS Surgical Imaging, LLC, Karl Storz GmbH & Co. KG, Berchtold Corporation, Steris Corporation, Mizuho OSI, Getinge Group, and Stryker Corporation are examined in the report in order to provide a granular view of the competitive landscape of the global market to market participants.