Published Date : Jun 06, 2018
ALBANY, New York, June 6, 2018 - The global operating room equipment market has been envisaged in a report added by MarketResearchReports.biz to up its growth with the introduction of technologically sophisticated products and increasing number of surgeries conducted across the world. Bearing the title “Operating Room Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2023,” the report takes into account some of the crucial factors foreseen to improve demand in the market. Functions giving assurance of improved results, superior operational efficiency, and greater flexibility are expected to raise demand for technologically sophisticated operating room equipment.
In different regions of the world, the number of surgeries is on the rise. This could be on account of expanding geriatric population across the globe and surging incidence of lifestyle-related and chronic disorders. One of the latest trends observed in the world operating room equipment market is the availability of hybrid operating rooms. Here, both non-surgical and surgical procedures are performed. Talking about non-surgical procedures, patient monitoring, diagnostics, and radiology are a few of them. By the completion of 2023, the market is predicted to be valued at a US$42.8 bn while rising at a 6.7% CAGR between 2017 and 2023.
On the basis of product, the international operating room equipment market has been classified into microscopes, surgical booms, operating room integrating systems, surgical imaging displays, operating rooms lights, operating tables, anesthesia systems, endoscopes, biomedical systems, and movable imaging systems. Amongst these products, the report foretells the market to witness the lead secured by movable imaging systems. In 2017, they grabbed a handsome share of the market while being valued at a US$8.3 bn. Observed mostly in North America, increased government funding could help movable imaging systems to continue with their dominance in the market.
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Larger affordability in Europe and North America on the part of purchasing and installing sophisticated medical equipment is projected to help these regions to stay strong in the international operating room equipment market. As players concentrate on product improvement and innovation, both of these regions are forecasted to generate substantial amounts of revenue in the near term. Moreover, there has been a telling demand for continuous upgrade of products available in the market. By the end of the forecast tenure, the North America market could be valued at an US$18.6 bn.
Considering their larger population density and improving healthcare infrastructure, Latin America and Asia Pacific are envisioned to offer lucrative prospects in the international operating room equipment market. They could display a positive market outlook because of a rising count of players operating in the regions.
The international operating room equipment market marks the presence of leading names of the industry such as Stryker Corporation, Philips Healthcare, and Steris Corporation.
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