Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global operating room equipment and supplies market was valued at US$ 26.7 billion in 2017 and is foreseen to exhibit a CAGR of 7.5% over the forecast period (2017-2025).
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Technologically advanced surgical equipment are increasingly being incorporated into operating rooms. Rising adoption of minimally or non-invasive surgeries and ablations procedures leads to a higher demand for advanced medical and healthcare devices and technologies. Therefore, these are significant aspects expected to foster the global operating room equipment and supplies market growth.
The market players are currently aiming at continuous product launches in the global operating room equipment and supplies market. For instance, in October 2013, Koninklijke Philips N.V. launched three new products in the operating room equipment segment, which includes IntelliSave AX700 anesthesia machine, IntelliVue MX400, and MX450 patient monitors. Philips’s anesthesia product, IntelliSave AX700 received the US FDA approval and this product is designed to provide low-flow and minimal-flow anesthesia, as well as extensive ventilation capabilities.
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In October 2017, Siemens Healthineers launched the Cios Spin, a new mobile flat detector C-arm, in the medical imaging segment. The device is designed to facilitate intra-operative 3D imaging with a flat panel detector technology. Furthermore, in January 2018, Mindray launched BeneVision N1 Patient Monitor, designed to be used in various intra and out-of hospital patient transport, and provides maximum mobility and patient centric data continuity.
Key Market Takeaways:
- Increasing prevalence of chronic diseases, increasing surgical procedures, and growing patient preferences for minimally or non-invasive surgeries are the other imperative factors leading to the global market growth.
- Among product types, the operating room equipment segment holds a major market share, owing to high dependency on medical equipment in surgical operating room.
- The orthopedic and trauma surgeries application segment is expected to lead the global market over the forecast period, due t the rising number of these surgeries performed globally, compared to the other surgery procedures.
- The leading players operating in the global operating room equipment and supplies market are Drägerwerk AG & Co. KGaA, Fujifilm Holdings Corporation, Getinge AB, GE Healthcare, Hill-Rom Holdings, Inc., KARL STORZ GmbH & Co. KG, Mizuho OSI, Medtronic, Plc, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation, and Siemens AG.
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