Operating Room Equipment Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Operating Room Equipment market size is expected to be worth around US$ 58.50 billion by 2030, according to a new report by Vision Research Reports.

The global Operating Room Equipment market size was valued at US$ 36.24 billion in 2020 and is anticipated to grow at a CAGR of 17.2% during forecast period 2021 to 2030.

Growth Factors

 The market is primarily driven by increasing investments for improving hospital care facilities, rising number of new hospitals & ambulatory care centers, increasing patient preference for minimally invasive procedures, and an increase in the number of surgeries performed globally.

Growing funds & investments by various government bodies and private investors are also contributing to the growth of the market. For instance, in its 2016-17 budget, the Hong Kong government dedicated a provision of USD 200 billion for a ten-year hospital development plan that would help expand and upgrade healthcare facilities. Under the plan, number of operating theaters would increase by 40% and specialist outpatient service capacity would increase by 40% from 6.8 million to 10 million attendances for a year. The development plan also includes redevelopment and expansion of various hospitals in the region.

In addition, a rapid increase in the number of elderly people & rising prevalence of chronic diseases are increasing the demand for surgical interventions and contributing to the expansion of the market. Technological innovations in medical devices are driving the adoption of advanced medical equipment in surgical procedures. Key players are focusing on product innovations and new launches to cope with growing needs.

Furthermore, improving healthcare infrastructure in emerging economies, large patient pool, and untapped opportunities in developing nations are attracting foreign investors to hospitals and the healthcare sector. Thus, growing investments in emerging economies and establishment of new hospitals & healthcare centers are expected to boost growth in the next few years.

Report Highlights

the anesthesia devices segment held the largest chunk of the market. Technological advancements and growing usage of anesthesia machines in the surgery centers contribute to a large share of the segment. Anesthesia machines are commonly used in almost all types of surgeries. Also, the rapid adoption of the Anesthesia Information Management Systems (AIMS) contributes to the large share of the revenue share.

The increasing prevalence of chronic diseases and illnesses has led to a rise in surgical procedures. Anesthesia plays a crucial role in surgery, and anesthesia equipment plays a vital role in providing sufficient & accurate delivery of anesthesia necessary for surgical procedures. The increasing geriatric population who are highly susceptible to various disorders and degenerative diseases is one of the key factors responsible for the rising demand for surgeries.

However, the endoscopes segment is expected to witness the fastest growth over the forecast period. Increasing patient preference for endoscopic procedures, rising awareness about minimally invasive procedures, and growing adoption of technological innovations in surgical procedures are some of the driving forces responsible for the growth of the segment in the coming years. The rise in the incidence of cancer, gastrointestinal disorders, and lifestyle-related diseases are expected to further expand the market.

Hospitals are focusing on investing in the up-gradation of operation theaters as they are one of the highest revenue-generating sources. Furthermore, the growing demand for hybrid operating rooms and increasing investments in infrastructure & advanced technologies for efficient outcomes are also expected to drive growth.

For instance, in March 2017, Saint Michael’s Medical Center, New Jersey, U.S. invested around more than USD 21 million in its systems and medical equipment to improve and modernize the hospital and make it technologically advanced. The new equipment being installed in the OR include high-resolution monitors, operating towers, endoscopic towers, C-arms, and other equipment.

Ambulatory surgical centers are projected to emerge as the fastest-growing segment during the forecast period. The number of ambulatory surgical centers has grown owing to rising demand from key participants in surgical care that includes patients, physicians, and insurers. The surging number of ambulatory surgical centers and growing demand is driven by patient satisfaction, high quality, cost-effective procedures, and efficient practices by physicians are anticipated to propel the growth of the market.

North America dominated the operating room equipment market in 2016 with a revenue share of around 37.3%. Increasing prevalence of chronic diseases in the region, large geriatric population base, sophisticated healthcare infrastructure, and rising number of ambulatory surgical centers are key market growth drivers. Rising demand for minimally invasive surgeries and higher adoption of technological advancements are also driving growth in the region.

Asia Pacific is expected to register the fastest growth over the coming years. Factors responsible for faster emergence are a high prevalence of chronic diseases, large patient pools, and a growing number of hospitals & healthcare facilities with improving infrastructure in the region. The large population base with high unmet needs in the region attracts many foreign investors to expand their business in emerging markets such as India, China, and Singapore.

Furthermore, the growing trend of medical tourism in Asian countries is expected to contribute to growth in the region. Affordability of treatment, ease of access, government support, and the emergence of new medical tourism destinations in the Asia Pacific region is anticipated to contribute to the growth of the market in the region. Thailand, Malaysia, South Korea, Singapore, India, and China are some of the popular medical tourist destinations in the Asia Pacific and are expected to experience a boom in the coming years.

Key Players

Koninklijke Philips N.V.; STERIS plc, Stryker; KARL STORZ GmbH & Co. KG; Siemens Healthineers; Hill-Rom (Trumpf Medical); Getinge AB; Medtronic; and GE Healthcare.

Market Segmentation

  • Product Outlook

    • Anesthesia Devices

    • Endoscopes

    • Operating Room Tables

    • Operating Room Lights

    • Electrosurgical Devices

    • Surgical Imaging Devices

    • Patient Monitors

    • Others

  • End-use Outlook 

    • Hospitals

    • Ambulatory Surgical Centers

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

The Operating Room Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Operating Room Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Operating Room Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Operating Room Equipment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Operating Room Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Operating Room Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Operating Room Equipment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Operating Room Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Operating Room Equipment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Operating Room Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Operating Room Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Operating Room Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Operating Room Equipment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Operating Room Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Operating Room Equipment market. These factors have benefited the growth of the global market for Operating Room Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Operating Room Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Operating Room Equipment are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.


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