Transparency Market Research

Operating Room Equipment Market Expected to Reach USD 4.05 Billion Globally in 2019: Transparency Market Research

Transparency Market Research published new market research report "Operating Room Equipment Market (Operating Tables, Operating Room Lights, Surgical Booms, Operating Room Integration Systems and Surgical Imaging Displays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its report store.

 
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Albany, NY -- (SBWIRE) -- 01/27/2014 -- According to a new market report published by Transparency Market Research "Operating Room Equipment Market (Operating Tables, Operating Room Lights, Surgical Booms, Operating Room Integration Systems and Surgical Imaging Displays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global operating room equipment market was valued at USD 2.67 billion in 2012 and is expected to grow at a CAGR of 6.2% from 2013 to 2019, to reach an estimated value of USD 4.05 billion in 2019.

Browse the full report with TOC: http://www.transparencymarketresearch.com/operating-room-equipment.html

Operating rooms around the globe are witnessing rapid transformation from conventional to hybrid state-of-the-art operation theatres, as this facility contributes majority share in revenue generation for hospitals. An operating room equipped with technically advanced equipment ensures better patient care and enhanced operational efficiency by empowering surgeons and other healthcare professionals with greater flexibility and ease of handling.

Operating tables, operating room lights, surgical booms, operating room integration systems and surgical imaging displays are the most important equipment types found in an operating room. An operating table is an indispensable part of an operating room that accommodates a patient in the best possible position (physically) during a surgical procedure. The operating tables market was the largest segment of the total operating room equipment market in 2012, with a revenue share of 30.6% and valued at USD 815.5 million. Surgical booms and operating room integration systems have been identified as the fastest growing segments during the forecast period due to increasing demand for hybrid operating rooms, which require these equipment for space management and proper equipment integration.

Factors such as continuous increase in the number of ambulatory surgical centers (ASCs) globally, growing demand for state-of-the-art hybrid operating rooms (especially from the developed markets of North America and Europe) and technical advances leading to product innovation have been anticipated to contribute in the growth of the overall operating room equipment market during the forecast period 2013 to 2019. Globally, rise in elderly population is also being considered as one of the major growth factors as it will indirectly boost the demand for operating room equipment. This is because; elderly population is more likely to undergo various surgical procedures than the younger population on account of their higher susceptibility to numerous health disorders. On the other hand, high cost associated with these equipment may prevent healthcare providers to replace existing equipment with the technically advanced equipment. This is especially true for hospitals operating on low budgets who prefer purchasing used or refurbished equipment.

In 2012, North America and Europe were the largest regional markets for operating room equipment. In both these regions, since most hospitals are already equipped with necessary operating room equipment, the market growth will largely rely on replacement of existing equipment with advanced automated versions and demand created by the increasing number of operating rooms. The rapidly evolving medical tourism industry has been identified as one of the key factors driving market growth in the Asia-Pacific region. The exponential rise in the number of patients coming to countries such as India, Thailand, South Korea and Malaysia for various surgical treatments at low cost is encouraging healthcare providers in these countries to equip themselves with the latest technologies in order to offer enhanced patient care to their foreign customers.

Getinge Group, Stryker Corporation, Steris Corporation, TRUMPF GmbH + Co. KG, Berchtold Corporation, Skytron, LLC, Karl Storz GmbH & Co. KG, Eschmann Equipment, Mizuho OSI and NDS Surgical Imaging, LLC are the major players in the operating room equipment market. Of these, Getinge Group, Stryker Corporation, Steris Corporation, TRUMPF GmbH + Co. KG led the market in terms of revenue, accounting for over 60% share of the total market revenue in 2012.

The global operating room equipment market is segmented as follows:
Operating Room Equipment Market, by Product Type
- Operating Tables
- Operating Room Lights
- Surgical Booms
- Operating Room Integration Systems
- Surgical Imaging Displays

Operating Room Equipment Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)

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