Operating Room Equipment Market Is Expected To Represent US$ 48.50 Billion by the End of 2025 : Grand View Research Inc.

Posted on 2019-04-18 by researchinsights in Healthcare // 0 Comments

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San Francisco, United States, 2019-Apr-18 — /EPR Network/ —

The global operating room equipment market is expected to reach USD 48.50 billion by 2025 according to a new report by Grand View Research, Inc. The market is primarily driven by increasing investments for improving hospital care facilities, rising number of new hospitals & ambulatory care centers, increasing patient preference for minimally invasive procedures, and an increase in the number of surgeries performed globally.

Growing funds & investments by various government bodies and private investors are also contributing to the growth of the market. For instance, in its 2016-17 budget, the Hong Kong government dedicated a provision of USD 200 billion for a ten-year hospital development plan that would help expand and upgrade healthcare facilities. Under the plan, number of operating theaters would increase by 40% and specialist outpatient service capacity would increase by 40% from 6.8 million to 10 million attendances for a year. The development plan also includes redevelopment and expansion of various hospitals in the region.

In addition, a rapid increase in the number of elderly people & rising prevalence of chronic diseases are increasing the demand for surgical interventions and contributing to the expansion of the market. Technological innovations in medical devices are driving the adoption of advanced medical equipment in surgical procedures. Key players are focusing on product innovations and new launches to cope with growing needs.

Operating room equipment market, by product, 2014 – 2025 (USD Billion)

Furthermore, improving healthcare infrastructure in emerging economies, large patient pool, and untapped opportunities in developing nations are attracting foreign investors to hospitals and the healthcare sector. Thus, growing investments in emerging economies and establishment of new hospitals & healthcare centers are expected to boost growth in the next few years.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/operating-room-equipment-market

Further Key Findings From the Report Suggest:

The anesthesia devices segment held majority of the revenue share in 2016 due to a rise in the volume of surgical procedures
Hospitals dominated the end-use segment in 2016 primarily due to increasing number of hospitals and rising investments in operating theaters
North America dominated the global market owing to a rapid increase in geriatric population and rising prevalence of various diseases

Some of the key players includeSTERIS plc; Stryker; KARL STORZ GmbH & Co. KG; GE Healthcare; Siemens Healthineers; and Hill-Rom (Trumpf Medical)

Related Report of Medical Devices :

Grand View Research has segmented the operating room equipment market on the basis of product, end-use, and region:

Operating Room Equipment Product Outlook (Revenue, USD Million, 2014 – 2025)

Anesthesia Devices
Endoscopes
Operating Room Tables
Operating Room Lights
Electrosurgical Devices
Surgical Imaging Devices
Patient Monitors
Others

Operating Room Equipment End-Use Outlook (Revenue, USD Million, 2014 – 2025)

Hospitals
Ambulatory Surgical Centers

Operating Room Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
Europe
- Germany
- UK
Asia Pacific
- China
- Japan
Latin America
- Brazil
- Mexico
Middle East & Africa
- South Africa

Access Press Release of This Research Report by Grand View Research : www.grandviewresearch.com/press-release/global-operating-room-equipment-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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