Operating Room Equipment & Supplies Market Worth 29.15 Billion USD by 2020
PUNE, India, January 29, 2016 /PRNewswire/ --
According to a new market research "Operating Room Equipment & Supplies Market by Equipment (Anesthesia Machines, Operating Tables), by Supplies (Surgical Instruments, Disposable Materials), & by End-User (Hospitals, Outpatient Facilities) - Analysis & Global Forecast to 2020", published by MarketsandMarkets, This report studies the global operating room equipment & supplies model; market for the forecast period of 2015 to 2020. This market is expected to reach USD 29.15 Billion by 2020 from USD 24.31 Billion in 2015, at a CAGR of 3.7%.
Browse 109 market Tables and 36 Figures spread through 185 Pages and in-depth TOC on "Operating Room Equipment & Supplies Market"
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The global Operating Room Equipment & Supplies Market is segmented on the basis of product, type, end user, and regions.
By product, the Operating Room Equipment & Supplies Market is categorized into operating room supplies and operating room equipment. The operating room supplies are estimated to account for the largest share of the global operating room equipment & supplies model market, by product. It is also expected to be the fastest-growing market segment owing to the growing incidence of chronic diseases, increase in the number of surgical procedures, and rising geriatric population. In addition, governments across various countries are taking regulatory actions to fortify hospitals with the essential infection control standards to prevent the spread of HAIs (hospital-acquired infections), thus boosting the demand for operating room supplies.
On the basis of type, the equipment market is segmented into Anesthesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Tables, and Operating Room Lights. In 2015, Anesthesia Machines is expected to command the largest share of the global operating room equipment market, by type.
On the basis of type, the supplies market is segmented into Surgical Instruments, Disposable Materials, Accessories, and Other OR Supplies. Other supplies include OR safety products, procedure trays & packs, kidney trays, table pads, circuits, and battery handles. In 2015, Surgical Instruments is expected to command the largest share of the global operating room supplies market, by type.
The global Operating Room Equipment & Supplies Market has been further segmented by end user, which includes Hospitals, Outpatient Facilities, and Ambulatory Surgery Centers (ASCs). In 2015, Hospitals are expected to command the largest share of the global Operating Room Equipment & Supplies Market, by end user.
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is poised to account for the largest share of the Operating Room Equipment & Supplies Market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period.
Growing investments, funds, and grants by government bodies worldwide, rising number of hospitals, increasing patient preference for minimally invasive surgeries, growing number of regulatory approvals for operating room equipment, and growing number of geriatric population coupled with the increasing number of surgeries globally are some of the factors that are expected to drive the growth of the global Operating Room Equipment & Supplies Market in the coming years.
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STERIS Corporation (U.S.), Getinge Group (Sweden), Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Dräger) (Germany), GE Healthcare (U.K.), Mizuho OSI (U.S.), Philips Healthcare (The Netherlands), Medtronic, Inc. (Ireland), and KARL STORZ GmbH & Co. KG (Germany) are some of the key players in the Operating Room Equipment & Supplies Market worldwide.
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