The Global Operating Room Equipment Market was worth USD 25.26 billion in 2016 and estimated to be growing at a CAGR of 3.9 %, to reach USD 30.58 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/01/2018 -- The report on "Operating Room Equipment Market by Type (Anesthesia Machines, Electrosurgical Units, Multi-Parameter Patient Monitors, Surgical Imaging Devices (Mobile C-Arms, Mini C-Arms), Operating Room Lights, Operating Tables (General Operating Tables, Specialty Operating Tables)), & By End-User (Hospitals, Outpatient Facilities), and By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)" is published by Market Data Forecast. The Global Operating Room Equipment Market was priced USD 25.26 billion in 2016 and calculable to be growing at a CAGR of 3.9%, to achieve USD 30.58 billion by 2021, within the mentioned forecast period from 2016 to 2021. The major factors such as government and private sectors support in raising the funds and investments, increasing awareness about cost-effective minimally invasive procedures among individuals are fuelling the demand for growth of the market. Other prominent factors attributing the market growth are increasing geriatric population across the globe coupled with a rise in the occurrence of various chronic disorders and increase in the demand for the number of ambulatory surgical centres. Increasing technological advancement owing to rise in the number of surgeries is driving the demand for the market growth. However, the high cost of using advanced devices, increasing the preference for minimally invasive procedures may hamper the growth of the market.
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Hospitals segment are estimated to command for the large share of the market
On the basis of services, the Global Operating Room Equipment Market is segregated into type and end-user. On the origin of end-user, the Operating Room Equipment Market is bifurcated into Hospitals, Outpatient Facilities. Hospitals sub segment from end-users segment holds the largest share of the market.
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Anaesthesia machines dominate the market in 2016
On the basis of type, the Global Operating Room Equipment market is classified as Operating Tables, Multi-Parameter Patient Monitors, Anaesthesia Machines, Operating Room Lights, Electrosurgical Units., and Surgical Imaging Devices. Operating tables sub segment is further divided into Specialty Operating Tables, General Operating Tables. Surgical Imaging Devices segment is again classified as Mini C-Arms, Mobile C-Arms. The Operating Room Equipment market share is dominated by Anaesthesia Machines.
North America dominated the market in 2017
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According to the Geographical analysis, the Global Operating Room Equipment markets are segmented into the Middle East and Africa, Europe, Latin America, and Asia-Pacific, North America. North America accounted for the largest share of the Operating Room Equipment markets in 2016, followed by Europe. The Asia-Pacific market is expected to show a rapid growth with a high CAGR in the forecast period
The various players in the Operating Room Equipment market include GE Healthcare, STERIS Corporation, KARL STORZ GmbH & Co. KG, Getinge Group, Mizuho OSI, Stryker Corporation, Hill-Rom Holdings, Inc., Philips Healthcare, Drägerwerk AG & Co. KGaA, and Medtronic Inc.
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