The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction 

The operating room equipment market has witnessed robust growth in recent years, with significant projections for the future. Let’s delve into the key drivers, trends, and major players shaping this dynamic landscape.

Market Growth and Projections

• The market size soared from $17.13 billion in 2023 to $18.33 billion in 2024, with a CAGR of 7.0%.
• Projected to reach $23.39 billion by 2028, boasting a CAGR of 6.3%.
• Factors driving this growth include economic expansion, demand for minimally invasive surgeries, and government healthcare initiatives.

Key Trends Shaping the Future

• Customized MPMS development.
• Implementation of EPAD technology in neuromonitoring devices.
• Next-generation ultrasonic surgical devices.
• Multi-modal surgical devices.
• Adoption of pay-per-use models for operational cost reduction.

Rising Incidence of Chronic Diseases

• Increasing prevalence of chronic diseases necessitates surgical interventions.
• Advanced operating room equipment crucial for precise surgical procedures.
• Chronic diseases account for a significant portion of global fatalities, propelling market growth.

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Major Players in the Market

• Medtronic PLC
• Olympus Corporation
• General Electric Company
• Stryker Corporation
• Koninklijke Philips N.V.
• And many more…

Hybrid Operating Rooms: A Game-Changer

• Emerging trend offering advanced medical imaging systems.
• Supports high-quality interventional imaging and minimally invasive surgeries.
• Reduces healthcare expenditure, enhances patient safety, and minimizes surgery time.

Baxter’s Acquisition of Hillrom

• Baxter’s acquisition of Hillrom for $15 billion in December 2021.
• Unites two leading MedTech organizations to transform healthcare.
• Hillrom, a US-based medical technology provider, strengthens Baxter’s global footprint.

Market Segmentation

• Types: Anesthesia Devices, Endoscopes, Operating room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors.
• Applications: Cardiovascular Surgery, Thoracic Surgery, Neurosurgery, and Others.
• End Users: Hospitals, Outpatient Facilities, and Ambulatory Surgery Centers.

Regional Insights

• North America led the global operating room equipment market in 2023.

Conclusion 

The operating room equipment market is poised for remarkable growth driven by technological advancements, rising chronic disease incidences, and strategic industry collaborations. As healthcare continues to evolve, innovative solutions offered by operating room equipment pave the way for enhanced patient outcomes and revolutionized surgical practices worldwide.

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