We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App




Global Operating Room Equipment Market Expected to Surpass USD 40 Billion in 2027

By HospiMedica International staff writers
Posted on 01 Oct 2021
Print article
Illustration
Illustration

The global operating room (OR) equipment market was valued at around USD 30 billion in 2020 and is projected to register a CAGR of 4.2% over the forecast period to surpass USD 40 billion by 2027. The market growth is expected to be driven by a rise in the number of hospitals and investments in OR equipment, growing patient preference for minimal invasive surgeries, and increasing regulatory approvals for OR equipment.

These are the latest findings of Brandessence Market Research (Maharashtra, India), a publisher of market research reports.

The special equipment used in ORs such as respiratory and cardiac support, emergency resuscitative devices, patient monitors, and diagnostic tools are called as OR equipment. It is important for ORs to be equipped with the best equipment as it can make the difference between life and death for patients. OR equipment is used to improve patient care and operational efficiency by providing surgeons and other healthcare professionals with greater flexibility and ease of handling. The different types of OR equipment depend upon the type of medical services that need to be provided. The types of equipment required in the OR includes surgical lights, operating tables, surgical booms, surgical displays, operating room integration systems, blanket warmers, scrub sinks and nurse documentation stations.

The major factors driving the growth of global OR equipment market are the increasing number of hospitals and higher OR equipment investments. Higher investments for the up-gradation of emergency clinics, improvement of new ORs, and a rise in the number of new clinics and ambulatory surgery centers are also propelling the growth of the OR equipment market. In addition, the increasing number of surgeries is also fueling market growth. Furthermore, increasing regulatory approvals for OR equipment is also contributing to the growth of the global OR equipment market. However, the high costs associated with the latest medical device technologies could hamper market growth. Nevertheless, increasing technological advancements leading to the development of more innovative OR equipment is likely to provide further growth opportunities for the global OR equipment market.

COVID-19 had negatively impacted the global OR equipment market as a large number of medical surgeries were either postponed or cancelled due to rising COVID-19 patients and doctors assuming the role of front-line warriors in the battle against the pandemic. Following widespread vaccination, declining COVID-19 cases and hospitals opening up across the world, OR activities resumed towards the end of 2020. The resumption of OR activities and the need for performing medical surgeries that had been either postponed or cancelled due to the COVID-19 pandemic are likely to aid the growth of the global OR equipment market.

Geographically, North America is expected to dominate the global OR equipment market due to the increasing surgeries, growing technological advancements, the presence of key players and rising number of product launches in the region. Advancements in technology leading to improved OR equipment are expected to continue driving the growth of the North American OR equipment market. On the other hand, the Asia-Pacific OR equipment market is expected to witness the fastest growth due to the rising prevalence of chronic disorders, growing number of hospitals & healthcare facilities, and large patient pool in the region.

Related Links:
Brandessence Market Research

Gold Member
Solid State Kv/Dose Multi-Sensor
AGMS-DM+
Gold Member
Disposable Protective Suit For Medical Use
Disposable Protective Suit For Medical Use
Silver Member
Compact 14-Day Uninterrupted Holter ECG
NR-314P
New
Bilirubin Lamp
Bilibluelight

Print article

Channels

Critical Care

view channel
Image: The permeable wearable electronics developed for long-term biosignal monitoring (Photo courtesy of CityUHK)

Super Permeable Wearable Electronics Enable Long-Term Biosignal Monitoring

Wearable electronics have become integral to enhancing health and fitness by offering continuous tracking of physiological signals over extended periods. This monitoring is crucial for understanding an... Read more

Surgical Techniques

view channel
Image: NTT and Olympus have begun the world\'s first joint demonstration experiment of a cloud endoscopy system (Photo courtesy of Olympus)

Cloud Endoscopy System Enables Real-Time Image Processing on the Cloud

Endoscopes, which are flexible tubes inserted into the body's natural openings for internal examination and biopsy collection, are becoming increasingly vital in medical diagnostics. Their minimal invasiveness... Read more

Patient Care

view channel
Image: The newly-launched solution can transform operating room scheduling and boost utilization rates (Photo courtesy of Fujitsu)

Surgical Capacity Optimization Solution Helps Hospitals Boost OR Utilization

An innovative solution has the capability to transform surgical capacity utilization by targeting the root cause of surgical block time inefficiencies. Fujitsu Limited’s (Tokyo, Japan) Surgical Capacity... Read more

Health IT

view channel
Image: First ever institution-specific model provides significant performance advantage over current population-derived models (Photo courtesy of Mount Sinai)

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Point of Care

view channel
Image: The PATHFAST hs-cTnI-II high-sensitivity troponin assay has been developed for the PATHFAST Biomarker Analyzer (Photo courtesy of Polymedco)

POC Myocardial Infarction Test Delivers Results in 17 Minutes

Chest pain is the second leading cause of emergency department (ED) visits by adults in the United States, generating over 7 million visits annually. In the event of a suspected heart attack, physicians... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.