Global Operating Room Equipment Market - Growing Trend of Adopting Hybrid Operating Rooms

Jul 13, 2016, 10:00 ET from Research Moz Global

ALBANY, New York, July 13, 2016 /PRNewswire/ --

MRRSE has released a new market report titled "Operating Room Equipment Market - (Product Type: Movable Imaging Systems, Biomedical Systems, Endoscopes, Anesthesia Systems, Operating Tables, Operating Room Lights, Surgical Imaging Displays, Operating Room Integration Systems, Surgical Booms, and Microscopes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023". According to this report, the global operating room equipment market was valued at US$ 23,947.3 Mn in 2014 and is projected to reach US$ 42,873.3 Mn by 2023, expanding at a CAGR of 6.9% during the forecast period from 2015 to 2023.

The operating room equipment market has been assessed and estimated for movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. Increasing number of ambulatory surgical centers (ASCs) globally coupled with rising demand for a wide range of modern operating room equipment, and growing trend of adopting hybrid operating rooms are some of the factors likely to drive the operating room equipment market during the forecast period.

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The operating room equipment market report evaluates each of the segments and its sub-categories in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global operating room equipment market and could influence the market in future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players operating across the globe. All these factors would help market players to take strategic decisions in order to strengthen their market positions and increase their correspondent market shares.

The recommendations section included in the report would assist existing market players in targeting all major stakeholders in this industry such as companies and hospitals. The report also profiles major players in the global operating room equipment market based on various attributes such as company details, business overview, financial facts, business strategies and recent developments.

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Major drivers of demand and growth of the operating room equipment market include growing number of ambulatory surgical centers, product innovations driven by advances in technology, rising demand for hybrid operating room, and increase in the number of surgeries. Apart from this, innovations related to patient handling techniques will propel the operating room equipment market in the next few years. Major restraints of the market include high cost of operating room equipment. However, the report also highlights various opportunities that are expected to boost market growth during the forecast period.

The movables imaging systems segment accounted for the lion's share of the global operating room equipment market in 2014. Dominance of this segment was due to availability of private and public funding for the purchase of movable imaging systems in North America. Moreover, initiatives from regional governments to modernize hospitals in their respective regions boosts market growth. Furthermore, increasing geriatric population and availability of competitively priced mobile C-arms also support market growth. These factors collectively fuel the growth of the operating room equipment market.

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Geographically, North America, which is a cumulative market for the U.S. and Canada, held a major share of the market in 2014 primarily due to replacement of conventional equipment with new and technically advanced versions with innovative features. Continuous rise in the number of ambulatory surgical centers (ASCs) is also expected to create demand for operating room equipment such as operating tables, operating room lights, and surgical booms.

Europe followed by Asia Pacific are likely to be the fastest emerging markets in the next few years. This is attributed to consistent growth of the operating room equipment market, continued technical advances in operating room equipment, large geriatric population, rising number of surgical procedures, and increasing demand for minimally invasive surgical techniques.

Key players profiled in the operating room equipment market report include Allen Medical (Hill ROM), GE Healthcare, KARL STORZ GmbH & Co. KG, Mizuho OSI, Maquet Holding B.V. & Co. KG (Getinge AB), Olympus Corporation, Philips Healthcare, Siemens Healthcare, Skytron, LLC, Steris Corporation, Stryker Corporation, and TRUMPF GmbH + Co. KG.

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