Regulatory Approvals of Advanced Operating Room Equipment to Reflect Positively on Sales

Operating rooms (ORs), also known as operating theatres, is a facility maintained at sterile conditions for performing surgeries to treat different pathological and physiological disorders. OR equipment plays an important role in patient care. An OR equipped with precise and technologically advanced equipment ensures better patient care, higher flexibility, and improved operational efficiency. Operating room equipment are primarily used in hospitals, clinics, and ambulatory surgical centers.

Growing Investments and Donations to Promote Sales of Anesthesia Devices

The major product-variants of operating room equipment are endoscopes, anesthesia devices, OR lights, OR tables, surgical imaging devices, electrosurgical devices, and patient monitors. In 2016, anesthesia devices dominated the market. Spiraling usage of anesthesia machines in surgery centers and rapid technological advancements are contributing to the growth of the segment. Anesthesia plays an imperative role in surgeries and thus anesthesia devices are an integral part of operating rooms. Increasing number of surgeries performed globally is, therefore, expected to support the growth of the segment throughout the forecast period (2014–2025).

Growing funds from government organizations and private investors are also poised to back the growth of the segment. For instance, in September 2017, the Power Workers’ Union Bruce Site Equity Committee donated USD 5,000 to Wingham and District Hospital for the procurement of a new anesthetics machine for their operating room.

Endoscopes, on the other hand, will be the most promising segment during the same period, thanks to soaring popularity of minimally invasive surgical procedures.

Market Insights

Expanding pool of hospitals and ambulatory care centers across the globe can augment the global operating room equipment market. Increasing population of geriatrics and patients suffering from chronic diseases is estimated to drive the market. Growing preference of patients for minimally invasive surgeries can also have a positive impact on the market.

Rising regulatory approvals of advanced operating room equipment, coupled with rapid technological innovations, are expected to allow the market to gain significant traction. North America was the most lucrative region in terms of revenue in 2016, thanks to the presence of advanced healthcare infrastructure.

Some of the prominent players in the market are GE Healthcare, Medtronic, KARL STORZ GmbH & Co. KG, Stryker, and Siemens Healthineers.

In-Depth research report on Operating Room Equipment Market:

https://www.grandviewresearch.com/industry-analysis/operating-room-equipment-market