The global operating room equipment market was valued at US$ 35.2 Bn in 2021 and is projected to expand at a CAGR of 4.6% from 2022 to 2031. The global operating room equipment market is anticipated to exceed US$ 56.8 Bn by 2031.
Are Emerging Economies Lacking Healthcare Infrastructure for Patient Monitoring?
Companies in the operating room equipment market are providing leading-edge patient monitoring equipment such as surgical imaging displays and vital signs monitoring devices in hospitals. 3D (3 dimensional) endoscopes are storming operating theaters where in the near future, surgeons will be seen wearing 3D glasses that hold potentials to solve limited depth perception in endoscopic surgeries.
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Although 3D surgical imaging is anticipated to become more commonplace in OTs, there is a need for investment to build a robust healthcare infrastructure in developing countries such as India, Bangladesh, Vietnam, and the Philippines. Hence, companies in the operating room equipment market should collaborate with governments in these countries and invest in building healthcare facilities to improve overall public health in emerging economies.
Hybrid O.R., Digital O.R. and Integrated O.R. Transforming Healthcare Industry
Hybrid operating rooms, digital operating rooms, and integrated operating rooms are playing an instrumental role in improving patient outcomes. Hybrid O.R. is being publicized for use of mobile systems that offer advantages of flexibility in use of imaging systems during surgeries. Such innovations are fueling the demand for operating room supplies.
Digital O.R. on the other hand is gaining popularity for next-gen setup of software sources, images, and O.R. video integration, all at the same time. However, operating room integration system manufacturers are focused on automation of O.R. equipment, imaging devices, and patient information systems.
Hospitals Catalyzing Demand for Next-gen Surgical and O.R. Lights
The high prevalence of chronic diseases in patients worldwide is fueling the demand for equipment for operation theatres. Manufacturers in the global operating room equipment market are innovating in operating room lights, surgical lights, and hospital lights to ease healthcare services for surgeons, healthcare staff, and practitioners. Surgical lights help to illuminate the operative site on a patient for optimal visualization during a procedure.
Operating room lights including luminance management device (LMD) are being developed by med-tech companies. Advantages of LMD include same luminance irrespective of the tissue, constant illumination during time-consuming surgeries, and automatic light adjustment to suit the surgeon’s ability and comfort.
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Innovations in Operating Room Instruments and O.R. Tables Propelling Global Market
One of the most commonly used operating room instruments is surgical instruments. Manufacturers are increasing output capacities for ratcheted forceps, babcock forceps, and gillies forceps, among others. An alarmingly high number of cardiovascular patients, diabetic patients, and obese patients are translating into revenue opportunities for surgical instrument manufacturers in the operating room equipment market.
The operating room equipment market is undergoing a significant change with innovations in operating tables. Manufacturers are developing O.R. tables such as orthopedic tables, general surgical tables, and radiolucent imaging tables to revolutionize healthcare facilities. Since the healthcare industry largely runs on faith between surgeons, doctors, and patients, robust operating room supplies has become the need of the hour in hospitals and ambulatory surgical centers.
North America Emerges as Frontrunner in Terms of High Market Revenue
Operating rooms (O.R.) are one of the most crucial departments in any given healthcare facility such as hospitals and ambulatory surgical centers. Since hospitals in North America are known for their favorable reimbursement policies and government support, healthcare corporations are enabling robust surgical supplies in healthcare systems to improve patient outcomes.
Healthcare companies are increasing the availability of operating room supplies such as instruments used for surgery and anesthesia systems to ensure the smooth functioning of healthcare facilities. These companies in the operating room equipment market are providing healthcare facilities with next-gen ordering and inventory tools that help track expenses in the facility and enter purchase order as per requirement.
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Major Players in Operating Room Equipment Market
The operating room equipment market report concludes with the company profiles section, which includes key information about major players in the global operating room equipment market
Leading players analyzed in the report include
- Stryker Corporation
- Hill-Rom Holdings, Inc.
- STERIS plc.
- Dragerwerk AG & Co. KGaA
- Getinge AB
- GE Healthcare
- Koninklijke Philips N.V.
- Smiths Medical
- Mizuho OSI
- STORZ MEDICAL AG
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