The operating room equipment market report analyzes the current and future prospects of the global market. The operating room equipment market comprises 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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Operating room equipment market, Research Report
1. Ambulatory Surgical Centers Growing Popularity
Stimulates Demand for Operating Room
Equipment, says TMR
About 42% of the global operating room equipment market was in the hands of a large number
of regional players in 2014, finds Transparency Market Research (TMR) in a new study. This
highly fragmented market witnesses a towering presence of about five key players – including
Siemens Healthcare, Stryker Corporation, and GE Healthcare – that hold significant shares from
the remainder. GE Healthcare, for instance, held close to 19% of the operating room equipment
revenues in 2014, which was the single largest in that year.
According to Transparency Market Research, all key players are showing a common trait of
heavy investments in research and development in operating room equipment innovations.
Successful innovations have allowed these players to maintain major revenue shares for the time
being.
Push for Ambulatory Surgical Centers Expected to Propel Operating Room Equipment Demand
Ambulatory surgical centers (ASCs) are a relatively modern approach towards out-patient
surgical solutions. They cater specifically to those surgical procedures that do not require a
patient to stay overnight in a hospital.
“In the U.S., in 2012, there were more than 5,000 Medicare-approved ASCs, as the Centers of
Medicare and Medicaid Services had revealed. There was a rise in 24% for the Medicare
payments made to ASCs between 2007 and 2012,” explains a TMR analyst. “This establishes the
already set importance of ASCs in developed economies, and the demand for ASCs is only
expected to grow even further over the coming years,” she adds. As a result, vendors of operating
room equipment are expected to find a high scope of growth in similar regions.
Players Can Look to APAC and LATAM for Bigger Opportunities
High population density and rapidly improving healthcare infrastructure are the two biggest
reasons for globally present companies for operating room equipment to find sustainable options
in the Asia Pacific and Latin America regions. “This applies especially to India, where the rapid
growth of multispecialty hospitals is creating a high demand for hybrid operating rooms. Fortis
Healthcare, Wockhardt Hospitals, and Apollo Hospitals, to name a few, are where entrants to
Asia Pacific can look to,” says the analyst.
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Additionally, the massive presence of an overseas patient pool due to the rise of medical tourism
is creating an optimistic scope of growth for both hospitals and operating room equipment sales.
In the case of Brazil, Mexico, and other Latin American countries hold a high percentage of
unmet medical needs. This gap in supply and demand, coupled with the growing healthcare
expenditure through improved disposable incomes of patients will be beneficial for the
proliferation of operating room equipment providers in the region.
The global operating room equipment market is expanding at a CAGR of 6.68% within a
forecast period from 2015 to 2023. This market will be valued above US$42 bn in 2023, after
being recorded around US$24 bn in 2014. A major contribution to this growth rate is made by the
movable imaging products segment, which is progressing at a CAGR of 8.20% within the same
forecast period.
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The above data is collated from a research report released by TMR, titled “Operating Room
Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015–
2023.”
Key Segments of the Global Operating Room Equipment Market
Global Operating Room Equipment Market, by Product Type
• Movable Imaging Systems
• Biomedical Systems
• Endoscopes
• Anesthesia Systems
• Operating Tables
• Operating Room Lights
• Surgical Imaging Displays
• Operating Room Integration Systems
• Surgical Booms
• Microscopes
Global Operating Room Equipment Market, by Geography
3. • North America
◦ U.S.
◦ Canada
• Europe
◦ Germany
◦ U.K.
◦ Rest of Europe
• Asia Pacific
◦ China
◦ India
◦ Rest of Asia Pacific
• Rest of the World
◦ Latin America
◦ Middle East & Africa
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Transparency Market Research (TMR) is a global market intelligence company providing
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forecasting and trend analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data
sources and various tools and techniques to gather and analyze information.
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