Asia-Pacific Operating Room Equipment Supplies Market, By Product (Instruments and Accessories), Applications (Orthopaedic and Trauma Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Nephrology, Neurosurgeries, Oncosurgery, General Surgery and Others), Equipment (Anaesthesia Machines, Operating Tables, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices and Operating Room Lights), Supplies (Surgical Instruments, Disposable Materials, Accessories, and Others), End Users (Hospitals, Outpatient Facilities, and Ambulatory Surgery Centres), Country (China, Japan, India, Australia, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Operating Room Equipment Supplies Market
Data Bridge Market Research analyses that the operating room equipment supplies market will exhibit a CAGR of around 5.25% for the forecast period of 2021-2028. Rising prevalence of gynaecological and neurological disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing awareness and demand for cosmetic surgery and cosmetology and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of operating room equipment supplies market.
From the name itself, it is clear that operating room equipment supplies are a set of crucial assets that are used in the hospitals such as bed, lights, surgical display, blanket warmers, anesthesia machine, built-in monitors, and others. These equipment and supplies ensure better patient-care and enhanced operational efficiency and are important for both the patients and the healthcare providers.
Upsurge in the geriatric population base is one of the major factors fostering the growth of the market. Growth in regulatory approvals for different OR equipment along with rise in patient preference for minimally invasive surgeries and growing hospital acquired diseases are other market growth determinants. Rising westernization, continuous advancement in surgical procedures, surging up gradation of technologies to improve the quality of healthcare services and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies and high cost of certain equipment will further pose challenges for the market. Dearth of skilled professionals in the backward economies and stringent regulatory framework will also hamper the market growth rate.
This operating room equipment supplies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on operating room equipment supplies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Operating Room Equipment Supplies Market Scope and Market Size
The operating room equipment supplies market is segmented on the basis of product, application, equipment, supplies, and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the operating room equipment supplies market is segmented into instruments and accessories.
- On the basis of applications, the operating room equipment supplies market is segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, nephrology, general surgery, oncosurgery and others.
- Based on equipment, the operating room equipment supplies market is segmented into anesthesia machines, operating tables, electrosurgical units, multi-parameter patient monitors, surgical imaging devices, or lights. Multi-parameter patient monitors are further divided into high acuity, medium acuity, and low acuity. Surgical imaging devices are also further bi into mobile C arms, mini C-arms. Operating tables are classified into General operating tables and specialty operating tables.
- On the basis of supplies, the operating room equipment supplies market is bifurcated into surgical materials, disposable materials, accessories, and others.
- The operating room equipment supplies market has also been segmented based on the end-use into hospitals, outpatient facilities, and ambulatory surgery centers.
Asia-Pacific Operating Room Equipment Supplies Market Country Level Analysis
The operating room equipment supplies market is analysed and market size insights and trends are provided by country, product, application, equipment, supplies, and end-use as referenced above.
The countries covered in the operating room equipment supplies market report are China, Japan, India, Australia, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.
China in Asia-Pacific region dominates the market owing to the growing research and development activities in the medical sciences, rising prevalence of chronic diseases and disorders and increasing number of hospitals.
The country section of the operating room equipment supplies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The operating room equipment supplies market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the operating room equipment supplies market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Asia-Pacific Operating Room Equipment Supplies Market Share Analysis
The operating room equipment supplies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to operating room equipment supplies market.
The major players covered in the operating room equipment supplies market report are Stryker, Medtronic, CONMED Corporation, STERIS plc., Olympus Corporation, Creative Health Tech Private Limited, AMTAI Medical Equipment, Inc., Brandon Medical Co Ltd, Smith & Nephew, Arthrex, Inc., FUJIFILM Holdings Corporation, KARL STORZ SE & Co. KG, Torontech Inc., Siemens, Mizuho OSI, Drägerwerk AG & Co. KGaA, Getinge AB, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Hillrom Services Inc., among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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