This market research report presents a detailed segmentation of the global operating room equipment market by product (operating tables, surgical lights, surgical imaging displays, operating room integration systems, and surgical booms) and by geography (the Americas, APAC, and EMEA). The leading vendors in the market are MAQUET Holding, Skytron, STERIS, Stryker, and Trumpf Medizin Systeme.
Technavio has released a new market research report on the global OR equipment market, which is expected to grow at a CAGR of 7% between 2016 and 2020. OR equipment aka capital equipment is a major source of revenue among healthcare institutions. Integrated ORs are designed to reduce complexities in surgeries, leading to a rise in the number of minimally invasive (MI) surgeries. An increase in the number of surgeries performed and increasing aging population are expected to accelerate revenues in this market. The Americas is the largest market for OR equipment, and is expected to account for more than 43% of the overall market share by 2020. Much of this region’s growth comes from the presence of several major healthcare institutions and increased investment in R&D
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing rising popularity of hybrid ORs. The number of hybrid ORs in healthcare facilities has increased worldwide. These ORs consist of surgical tools and equipment along with advanced imaging equipment. Since they offer a sterile OR environment, surgeons can perform surgeries, both open surgeries and MI procedures, with ease. The ability of these ORs to reduce the total healthcare expenditure, enhance patient safety, and minimize the time taken to perform surgeries will lead to its increased popularity in the fields of neurosurgery, cardiology, and orthopaedics,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research
Operating tables is the largest segment of the global OR equipment market and is estimated to generate revenues of over USD 1.1 billion by the end of the forecast period. Due to the evolution of surgical procedures, the need for different types of operating tables has also increased. The prospects for growth in this market segment are further propelled by the increasing number of complex surgeries, which in turn has resulted in the development and adoption of technologically advanced and ergonomically designed operating tables.
The leading vendors in the global OR equipment market include MAQUET Holding, Skytron, STERIS, Stryker, and Trumpf Medizin Systeme. The market has tremendous growth potential owing to the recent increase in the number of surgeries being performed in different countries. As a few vendors dominate this marketplace, the level of competition is very intense. The vendors that have the capability to develop highly specialized and technologically advanced products are expected to gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Global OR Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
