On Friday, November 22nd 2013, Tanzania’s only children’s heart surgeon had already cut the little girl’s chest open when the lights went off, forcing the entire operating room into complete darkness. Such issues are common in the developing world and long replacement cycle of operating room equipment is not making it any easier.
The lack of adequate access to basics such as electricity creates enormous challenges even for an excellent heart surgeon during such a complex procedure. Doctors rely on the efficiency and reliability of the operating room equipment continuously during open-heart surgeries, especially in remote third world nations where necessities like electricity are lacking.
Among these problems that doctors are facing, the market will similarly have to overcome its growth potential challenges. However, the Global Operating Room Equipment market is expected grow at a steady rate during the 2012-2016 period at a CAGR of 3.96 percent.
The growth in this market is due to an increase in the aging population, the number of surgical procedures carried out across the globe to treat disorders such as cardiovascular diseases and bone malformations is increasing. Massive popularity of hybrid operating rooms and the rising number of ambulatory surgery centers have amplified the need for sophisticated operating room equipment.
It is well known that operating rooms generate the most revenue for any hospital or ambulatory surgery center. Thus, technological advancements in the field of surgery and the shift from open surgical procedures to minimally-invasive procedures which are performed by surgeons have increased the need for more flexible operating rooms with advanced equipment.
Specialized operating room equipment is expensive and on average, specialty operating tables cost approximately three times more than general purpose ones. Therefore, the high cost of the operating room equipment is going to be a serious challenge for the market.
However, despite the presence of serious challenges, the global operating room equipment market shows immense potential to grow rapidly, mainly because of some trends that are expected to increase the growth of the market during the forecast period.
One such trend emerging in the market is the rising number of hybrid operating rooms in healthcare institutions worldwide. Another major trend witnessed is the increased use of LED lights in operating rooms and the growth of the medical tourism industry in emerging countries.
For more information, view our 2012-2016 Global Operating Room Equipment Market report.
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