Sarasota, FL, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Operating Room Equipment Market by Product (Anesthesia Devices, Endoscopes, Operating room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices and Patient Monitors), For Hospitals, Outpatient Facilities and Ambulatory Surgical Centers: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global operating room equipment market accounted for USD 25.75 Billion in 2016 and is expected to reach USD 38.86 Billion by 2022, growing at a CAGR of around 7.1% between 2017 and 2022.
Operating rooms are specialized workspaces that equipped with highly functional equipment of the highest quality, which surgeons and other operating room personnel use to perform lifesaving procedures (Surgeries). Increasing preference for minimally invasive surgeries such as cardiac, gastrointestinal, ENT and etc. which require operating room equipment are further expected to foster the market demand for operating room equipment in coming five years. These minimally invasive are not only also cost-effective but also reduce the patient stay duration during pre and post procedures/operations. In addition, aging population coupled with the increasing incidences of chronic diseases is also expected to propel the growth in this market in coming five years. For example, according to the U.S. Census Bureau, cardiovascular disease, lung disease, cancer, and stroke are the leading killers of the population aged 60 and over.
Browse through 31 Tables & 46 Figures spread over 110 Pages and in-depth TOC on "Global Operating Room Equipment Market by Device Type, Size, Share & Forecast 2016 – 2022”.
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Major growth drivers for the operating room equipment market are increasing geriatric population coupled with growing incidences of chronic disease, increasing awareness about the effectiveness of minimally invasive procedures. In addition, increasing number of ambulatory surgical centers and a large patient pool for surgeries, improving healthcare infrastructure and affordability of the patients are also anticipated to fuel the growth in this market within the forecast period. Furthermore, increasing investments for technological advancements in this field are also supplemented the market growth within the forecast period. However, the high cost of the devices is expected as the major barrier to the growth of this market. However, emerging markets in developing countries can be an opportunity in this market.
The operating room equipment market is segmented on the basis of product, end-user, and region. Product segment is categorized into; anesthesia devices, endoscopes, operating room lights, operating tables, electrosurgical devices, surgical imaging devices and patient monitors. In this segment, anesthesia devices are expected to attribute to the largest market share within the forecast period. The endoscopes are expected to show the fastest growth in the coming five years owing to increasing awareness about minimally invasive procedures and patients’ inclination towards endoscopic procedures.
Browse the full " Operating Room Equipment Market by Product (Anesthesia Devices, Endoscopes, Operating room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices and Patient Monitors), For Hospitals, Outpatient Facilities and Ambulatory Surgical Centers: Global Industry Perspective, Comprehensive Analysis, andForecast, 2016-2022" report at https://www.zionmarketresearch.com/report/operating-room-equipment-market
North America dominates the global operating room equipment market by accounting for the largest share of this market in 2016 and is expected to continue the same within the forecast period. Growth in this region attributed to increasing aging population, growing demand for minimally invasive procedures. Furthermore, in addition, well-developed healthcare infrastructure and high prevalence of chronic diseases, high investment in research and development are also expected to foster the market growth in this region within the forecast period. Furthermore, high affordability coupled with strong demand for constant up gradation of operating room equipment is also anticipated to propel the growth in this market within the forecast period. Europe is expected to witness a significant growth in this market in coming five years owing to the development of healthcare infrastructure.
Asia-Pacific is expected to show a rapid growth with a high CAGR in this market in the coming five years owing to increased demand for minimally invasive surgeries and the improving healthcare infrastructure in India; In addition, increasing affordability, government support, large patient pool and increasing disposable income are also expected to boost this market in coming five years. Furthermore, increasing trend of medical tourism in this region is expected to contribute to propelling the growth of this market in this region within the forecast period. Latin America and Middle East & Africa operating room Equipment market is estimated to show a healthy growth within the forecast period. As per Deloitte Touche Tohmatsu Limited, healthcare growth rate in Latin America is projected at 2.4% through the year 2020.
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Some of the key players include in plant growth market such as Stryker Corporation, STERIS Corporation, GE Healthcare, Getinge Group, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Mizuho OSI, Philips Healthcare, Medtronic, Inc. and KARL STORZ GmbH & Co. KG among others.
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This report segments the global Operating Room Equipment market as follows:
Global Operating Room Equipment Market: Product Segment Analysis
- Anesthesia Devices
- Endoscopes
- Operating room Lights
- Operating Tables
- Electrosurgical Devices
- Surgical Imaging Devices
- Patient Monitors
Global Operating Room Equipment Market: End-User Segment Analysis
- Hospitals
- Outpatient Facilities
- Ambulatory Surgical Centers
Global Operating Room Equipment Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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