Global Operating Room Equipment and Supplies Market Segmentation, By Equipment (Anaesthesia Machines, Operating Tables, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices, Operating Room Lights), Supplies (Surgical Instruments, Disposable Materials, Accessories, Others), End Users (Hospitals, Outpatient Facilities, Ambulatory Surgery Centres) – Industry Trends and Forecast to 2031.
Operating Room Equipment and Supplies Market Analysis
The operating room equipment and supplies market is estimated to increase rapidly over the forecast period. Healthcare professionals and surgeons are increasingly requesting operating rooms with technologically advanced technologies that are easier to use and more flexible, leading to improved operational efficiency and patient care. Important items such as a bed, lights, surgical display, blanket warmers, anaesthetic machine, built-in monitoring, trolley, and others are included in the operating room equipment and supplies. These medical devices are critical for a successful and safe surgery or procedure. Therefore, these operating room equipment and supplies are introduced in the market. The increasing number of surgeries performed around the world, as well as technical advancements in medical devices, are some of the market's driving forces. One of the major contributors to growth is the ageing of the population.
Global Operating Room Equipment and Supplies Market Size
Global operating room equipment and supplies market size was valued at USD 31.09 billion in 2023 and is projected to reach USD 40.94 billion by 2031, with a CAGR of 3.50% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Operating Room Equipment and Supplies Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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STERIS (U.S.), Getinge AB (Sweden), Stryker (U.S.), Hill-Rom Holdings, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Dräger) (Germany), General Electric (US), Mizuho OSI (U.S.), Medtronic (Ireland), KARL STORZ and Co. KG (Germany), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), Arthrex (US), Smith+Nephew (UK), CONMED Corporation (US), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan)
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Operating Room Equipment and Supplies Market Definition
The operating room (OR) is referred to a sterile setting in which surgical procedures are performed to treat various physiological and pathological disorders. Surgeons and interventionalists have more freedom and control in an operating theatre equipped with cutting-edge technology. ORs with precise instruments and equipment provide better patient care as well as increased operating efficiency. The operating room (OR) is also termed operation theatre or operating suite.
Operating Room Equipment and Supplies Market Dynamics
Drivers
- Increasing demand for better patient care system
One of the key reasons influencing the growth of the operating room equipment and supplies market is the growing requirement to deliver better patient care systems in a sterile environment across various healthcare facilities.
- Rise in the number of surgical procedures and interventions
The operating room equipment and supplies market is predicted to develop due to an increase in the number of surgical procedures performed around the world. Furthermore, minimally invasive operations are gaining popularity among patients due to their multiple advantages, which include less trauma, less expensive procedures, and shorter hospital stays. All of these factors are increasing the demand for better and more efficient operating room equipment, which is anticipated to contribute to the global expansion of the operating room equipment and supplies market.
Furthermore, the rising number of hospitals will act as a major factor influencing the growth of operating room equipment and supplies market. Increasing urbanization and the rising prevalence of pathological and physiological diseases are the driving factors accelerating the growth of the operating room equipment and supplies market. Also, the rise in regulatory approvals for OR equipment and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of operating room equipment and supplies market. Another significant factor that will cushion the operating room equipment and supplies market's growth rate is the rising investment for operating room (OR) equipments.
Opportunities
- Growing number of R&D activities
Moreover, the rising number of research and development activities will benefit operating room equipment and supplies market growth. Along with this, increase in extensive new indications and target applications linked with robust product pipeline offered by various market players will flourish the growth rate of operating room equipment and supplies market.
Moreover, growing focus of manufacturers on the adoption of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the operating room equipment and supplies market growth during the forecast period.
Restraints/Challenges
- High cost associated with operating room equipment
However, the high costs of operating room equipment are limiting its use, particularly in low-income countries, and will impede the operating room equipment and supplies market's growth rate.
On the other hand, the dearth of skilled professionals in under-developed nations will challenge the operating room equipment and supplies market. Additionally, emergence of unfavourable conditions due to COVID-19 outbreak and unfavourable healthcare reforms will act as restrain and further impede the growth rate of market during the forecast period of 2024-2031.
This operating room equipment and 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 localized 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 the operating room equipment and 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.
COVID-19 Impact on Operating Room Equipment and Supplies Market
The fast spread of coronavirus caused the COVID-19 pandemic outbreak. The transmission of this virus has a significant impact on many parts of the globe. Countries have yet to recover from this infection, and a new form of the virus has emerged as a big issue for them. The global economy is causing issues for businesses and governments alike. Apart from the healthcare industry, the pandemic has significantly impacted many sectors.
COVID-19 caused a significant reduction in sales in the operating room equipment and supplies market in the first half of 2020. However, because the majority of transactions in these areas are made years in advance, unit sales have not been severely altered. Because of the state of most hospitals, updating capital equipment was not a top priority throughout the pandemic as long as the original equipment was working. Furthermore, many manufacturers' sales representatives had limited travel and access to hospitals and other care facilities.
Global Operating Room Equipment and Supplies Market Scope
The operating room equipment and supplies market is segmented on the basis of equipment, supplies, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment
- Anaesthesia Machines
- Operating Tables
- Electrosurgical Units
- Multi-parameter Patient Monitors
- Surgical Imaging Devices
- Operating Room Lights
Supplies
- Surgical Instruments
- Disposable Materials
- Accessories
- Others
End Users
- Hospitals
- Outpatient Facilities
- Ambulatory Surgery Centres
Operating Room Equipment and Supplies Market Regional Analysis
The operating room equipment and supplies market is analysed and market size insights and trends are provided by country, equipment, supplies, and end-users as referenced above.
The countries covered in the operating room equipment and supplies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the operating room equipment and supplies market because of the proper availability of healthcare and medical facilities in this region. Additionally, growing acceptance of advanced technologies and increasing healthcare expenditure will flourish the market's growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to the rising occurrence of established players in this region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Operating Room Equipment and Supplies Market Share
The Operating room equipment and 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 and supplies market.
Operating Room Equipment and Supplies Market Leaders Operating in the Market Are:
- supplies market STERIS (U.S.)
- Getinge AB (Sweden)
- Stryker (U.S.)
- Hill-Rom Holdings, Inc. (U.S.)
- Drägerwerk AG & Co. KGaA (Dräger) (Germany)
- General Electric (US)
- Mizuho OSI (U.S.)
- Medtronic (Ireland)
- KARL STORZ and Co. KG (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Siemens Healthcare GmbH (Germany)
- Arthrex (US)
- Smith+Nephew (UK)
- CONMED Corporation (US)
- FUJIFILM Holdings Corporation (Japan)
- Olympus Corporation (Japan)
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