LONDON, April 30, 2020 /PRNewswire/ -- The COVID-19 pandemic has increased the demand for operating room equipment. In particular, the respiratory devices, masks, and patient monitoring devices markets have seen surge in demand due to the novel coronavirus. Respiratory devices including ventilators, anesthesia gas masks, and other devices are required to support the treatment of patients diagnosed with COVID-19. Due to continued spread of the virus, hospitals are facing a shortage of these devices. For instance, in Europe, which is one of the most affected regions, hospitals have overflowed with patients encountering respiratory failures. With the number of cases across the globe increasing daily, the demand for respiratory devices to treat COVID-19 patients is on the rise. Healthcare and non-healthcare equipment manufacturers have ramped up production of ventilators and other respiratory devices. For instance, GE Healthcare, one of the leading players in the medical technology and equipment market, is continually adding production lines, increasing their labor force, and multiplying output to aid hospitals and healthcare professionals with the needed equipment to treat patients diagnosed with COVID-19. Ford, a leading automobile manufacturer, has also expanded its support to GE and 3M to increase the production of the equipment required during this outbreak.
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Increased Production Of Masks and Patient Monitoring Devices
The transmission of COVID-19 through direct or indirect contact has resulted in widespread usage of gloves, masks and hand sanitizers. Health experts have suggested people moving out of self-isolation to use masks and gloves so as to not get contaminated with the virus. The USA reached an agreement with 3M to produce 55 million masks every month. As per the terms of the deal, in the next couple of months, 3M will deliver 166.5 million respirator masks to the USA.
The rise in the spread of COVID-19 has left officials with a daunting task of tracing case contacts and containing the pathogen. Most countries have gone into lockdowns. Healthcare providers and governments are looking for faster and newer solutions to monitor the spread. Researchers and a lot of healthcare startups have come up with technologies to combat the virus. There has been a rise in the demand for portable and low-acuity monitors to examine patients infected with COVID-19.
Operating Room Equipment Market Overview And Segments
The operating room equipment industry includes establishments that manufacture operating room lights, surgical beds, operating tables, operating table accessories, operating room integration systems, anesthesia devices, surgical devices, and patient monitors. The operating room equipment market is segmented by type of equipment into anesthesia devices (respiratory devices, anesthesia machines, respiratory disposables and anesthesia disposables), endoscopes, operating room lights, operating tables, electrosurgical devices, surgical imaging devices (mobile C-arms and mini C-arms), and patient monitors (fetal and neonatal monitoring devices, and vital parameter monitoring devices).
The global operating room equipment market is expected to grow from $27,937 million in 2019 to $32,626 million in 2023 at a compound annual growth rate (CAGR) of 3.95%.
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Increasing Demand For Critical Care Equipment Will Drive The Market
The rising spread of COVID-19 pandemic created a demand for respiratory devices including ventilators, sanitizers, masks, scrub suits, and other devices. Patients diagnosed with Covid-19 have a chance of severe lower respiratory tract infection, which means patients are required ventilator support. For instance, around 12% of COVID-19 patients in China have been put on a ventilator. In 2019, 77,000 new ventilators were enough to meet the global market demand whereas, in April 2020, New York City alone required 30,000 additional ventilators to combat COVID-19. As more and more people are getting infected with the coronavirus, it is expected to increase demand for critical care equipment.
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