Transparency Market Research
(TMR) has published a new report titled ‘Operating room equipment Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2018–2026.’ According to the report, the global operating
room equipment market was valued at US$ 29,912.3 Mn in 2017. It is
projected to expand at a CAGR of 6.4% from 2018 to 2026. Aging population and
longer life-expectancy, increased awareness, and acceptance of advanced devices
are likely to drive the operating room equipment market from 2018 to 2026.
An operating room, also known as
operation theatre, is a facility within a hospital or nursing home where surgical
procedures are performed in order to treat different physiological conditions
in a sterile environment. Technological advancements have brought a lot of
change in the way surgical procedures are carried out. An operating room
encompasses equipment such as movable imaging systems, biomedical systems,
endoscopes, anesthesia systems, operating tables, operating room lights,
surgical imaging displays, operating room integration systems, surgical booms,
and microscopes.
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Significant advantages associated
with operating room equipment and financial incentives by governments of
various countries are major factors driving the operating room equipment market
globally. Benefits of proper operating room equipment encompasses accurate and
up-to-date patient handling, enhanced patient safety, and time and long-term
cost savings. These advantages encourage health care providers to equip
themselves with technically advanced operating room equipment, which in turn
drive the market.
Patient monitoring equipment segment to account for major share
In terms of product type, the patient
monitoring equipment segment accounted for a dominant share of the market in
2017. Advancements in patient monitoring systems include heart monitors, breath
monitors, body temperature monitors, hematology monitors, multi-sign monitors,
fetal and maternal monitors, oximeter, and brain monitors. The movable imaging
displays sub-segment led the patient monitoring systems segment of the
operating room equipment market in 2017, due to availability of competitively
priced mobile C-arms, increasing government initiatives to modernize hospitals,
and increased number of surgeries. These factors are expected to drive the
segment during the forecast period.
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Market in Asia Pacific to expand at a significant pace
North America held a major share
of the global market, in terms of revenue, and is expected to maintain its
position during the forecast period. North America is home to several key
market players, such as Stryker Corporation, Hill-Rom Holdings, Inc., Smiths
Medical, and SKYTRON who have their headquarters in the U.S., where they
generate significant sales. Hence, North America is a leading market for
operating room equipment, globally.
High awareness about latest
health care technologies and higher purchasing power are anticipated to boost
the operating room equipment market in North America. The operating room
equipment market in Asia Pacific is expected to expand at a rapid pace,
primarily due to improving health care infrastructure, growing demand for
state-of-the-art hybrid operating rooms, and increasing adoption of biomedical
systems across hospitals and clinics, rising disposable income, and
technological advancements in countries such as China and India.
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Key players such as Stryker Corporation, Getinge AB and Hill-Rom
Holdings, Inc. to lead the market
The report also provides profiles
of other major players operating in the global operating room equipment market.
Major players include SKYTRON, STERIS plc., Dragerwerk AG & Co. KGaA, GE
Healthcare, Koninklijke Philips N.V., Smiths Medical, Mizuho OSI, and STORZ
MEDICAL AG.
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