Operating Room Equipment Market: Advanced Systems Gaining Prominence in Ambulatory Surgical Centers for Outpatients

The global operating room equipment market is fairly fragmented as a large number of regional players held a combined market share of 42.0% in 2014, finds Transparency Market Research (TMR). A major part of the remaining share amounting to 58.0% was held by the top five companies. Some of the leading companies operating in the global are GE Healthcare, Stryker Corporation, and Siemens Healthcare, with GE Healthcare holding a significant revenue share of about19.0% in the same year.

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The top players are making substantial investments in research and development of innovative equipment to consolidate their shares across regions, notes TMR. Several players are focusing on developing advanced equipment for hybrid operating room in order to gain a competitive edge over others. The global market for operating room equipment is projected to expand at a CAGR of 6.68% from 2015 to 2023. The market was valued at US$24 bn in 2014 and is expected to reach over US$42 bn by the end of the forecast period.

Movable Imaging Systems Gaining Traction for Intricate Surgeries

North America and Europe are two of the leading regional markets for operating room equipment. The growth of these regional markets is fueled by the accelerating uptake of advanced medical devices to boost surgical outcomes and constant upgrade of various equipment. A large number of companies are focusing on developing innovative products, thereby boosting the market.

Based on product, the operating room equipment market is segmented into movable imaging systems, endoscopes, biomedical systems, anesthesia systems, operating room lights, operating tables, surgical imaging displays, surgical booms, microscopes, and operating room integration systems. Of these, currently, the movable imaging product segment holds a robust revenue share and is projected to expand at a CAGR of 8.20% during 2015–2023. The growth in this segment is driven by rapid modernization of hospitals supported by various regional governments.

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