Albany, NY, May 24, 2016 (GLOBE NEWSWIRE) -- According to the report, global operating room equipment market was valued at US$ 23,947.3 Mn in 2014 and is projected to reach US$ 42,873.3 Mn by 2023, expanding at a CAGR of 6.9% during the forecast period from 2015 to 2023.
The operating room equipment market has been assessed and estimated for movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes.
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The operating room equipment market report analyzes the current and future prospects of the global market. The operating room equipment market comprises movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. The growth of the overall market is due to rise in number of hospitals, growing number of ambulatory surgical centers, surge in demand for hybrid operating rooms, growing number of regulations for operating room equipment, and increase in number of geriatric population coupled with high number of surgeries worldwide. Globally, the operating room equipment market has been experiencing steady growth and the trend is expected to continue during the forecast period from 2015 to 2023.
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Major drivers of demand and growth of the operating room equipment market include growing number of ambulatory surgical centers, product innovations driven by advances in technology, rising demand for hybrid operating room, and increase in the number of surgeries. Apart from this, innovations related to patient handling techniques will propel the operating room equipment market in the next few years. Major restraints of the market include high cost of operating room equipment. However, the report also highlights various opportunities that are expected to boost market growth during the forecast period.
This report provides in-depth analysis of the global operating room equipment market. The stakeholders for this report include companies involved in the research and development and application. In order to provide a snapshot of this market to stakeholders, this report includes an executive summary section, which summarizes the market size, trends, and competition for different regions.
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Geographically, North America, which is a cumulative market for the U.S. and Canada, held a major share of the market in 2014 primarily due to replacement of conventional equipment with new and technically advanced versions with innovative features. Continuous rise in the number of ambulatory surgical centers (ASCs) is also expected to create demand for operating room equipment such as operating tables, operating room lights, and surgical booms.
Key players profiled in the operating room equipment market report include Allen Medical (Hill ROM), GE Healthcare, KARL STORZ GmbH & Co. KG, Mizuho OSI, Maquet Holding B.V. & Co. KG (Getinge AB), Olympus Corporation, Philips Healthcare, Siemens Healthcare, Skytron, LLC, Steris Corporation, Stryker Corporation, and TRUMPF GmbH + Co. KG.
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