Vision Research Report, Recently Announced New Report on “operating room equipment market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “operating room equipment market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The operating room equipment research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The operating room equipment market revenue share is set to grow at a yearly rate of 17.2% during 2021-2030, while its valuation is Projected to jump from $ 36.24 Bn in 2020 to $58.50 Bn in 2030.
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Report Highlights
the anesthesia devices segment held the largest chunk of the market. Technological advancements and growing usage of anesthesia machines in the surgery centers contribute to a large share of the segment. Anesthesia machines are commonly used in almost all types of surgeries. Also, the rapid adoption of the Anesthesia Information Management Systems (AIMS) contributes to the large share of the revenue share.
The increasing prevalence of chronic diseases and illnesses has led to a rise in surgical procedures. Anesthesia plays a crucial role in surgery, and anesthesia equipment plays a vital role in providing sufficient & accurate delivery of anesthesia necessary for surgical procedures. The increasing geriatric population who are highly susceptible to various disorders and degenerative diseases is one of the key factors responsible for the rising demand for surgeries.
However, the endoscopes segment is expected to witness the fastest growth over the forecast period. Increasing patient preference for endoscopic procedures, rising awareness about minimally invasive procedures, and growing adoption of technological innovations in surgical procedures are some of the driving forces responsible for the growth of the segment in the coming years. The rise in the incidence of cancer, gastrointestinal disorders, and lifestyle-related diseases are expected to further expand the market.
Hospitals are focusing on investing in the up-gradation of operation theaters as they are one of the highest revenue-generating sources. Furthermore, the growing demand for hybrid operating rooms and increasing investments in infrastructure & advanced technologies for efficient outcomes are also expected to drive growth.
For instance, in March 2017, Saint Michael’s Medical Center, New Jersey, U.S. invested around more than USD 21 million in its systems and medical equipment to improve and modernize the hospital and make it technologically advanced. The new equipment being installed in the OR include high-resolution monitors, operating towers, endoscopic towers, C-arms, and other equipment.
Ambulatory surgical centers are projected to emerge as the fastest-growing segment during the forecast period. The number of ambulatory surgical centers has grown owing to rising demand from key participants in surgical care that includes patients, physicians, and insurers. The surging number of ambulatory surgical centers and growing demand is driven by patient satisfaction, high quality, cost-effective procedures, and efficient practices by physicians are anticipated to propel the growth of the market.
North America dominated the operating room equipment market in 2016 with a revenue share of around 37.3%. Increasing prevalence of chronic diseases in the region, large geriatric population base, sophisticated healthcare infrastructure, and rising number of ambulatory surgical centers are key market growth drivers. Rising demand for minimally invasive surgeries and higher adoption of technological advancements are also driving growth in the region.
Asia Pacific is expected to register the fastest growth over the coming years. Factors responsible for faster emergence are a high prevalence of chronic diseases, large patient pools, and a growing number of hospitals & healthcare facilities with improving infrastructure in the region. The large population base with high unmet needs in the region attracts many foreign investors to expand their business in emerging markets such as India, China, and Singapore.
Furthermore, the growing trend of medical tourism in Asian countries is expected to contribute to growth in the region. Affordability of treatment, ease of access, government support, and the emergence of new medical tourism destinations in the Asia Pacific region is anticipated to contribute to the growth of the market in the region. Thailand, Malaysia, South Korea, Singapore, India, and China are some of the popular medical tourist destinations in the Asia Pacific and are expected to experience a boom in the coming years.
Global operating room equipment market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The operating room equipment trade trends and promoting channels analysed. operating room equipment Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Koninklijke Philips N.V.; STERIS plc, Stryker; KARL STORZ GmbH & Co. KG; Siemens Healthineers; Hill-Rom (Trumpf Medical); Getinge AB; Medtronic; and GE Healthcare.
Market Segmentation
Global Operating room equipment Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Operating room equipment market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
operating room equipment Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world operating room equipment Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Operating room equipment Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Operating room equipment Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Operating room equipment Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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