The new market report “Operating Room Equipment Market (Operating Tables, Operating Room Lights, Surgical Booms, Operating Room Integration Systems and Surgical Imaging Displays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019," published by Transparency Market Research analyzes and studies the market drivers, restraining factors, geographical landscape, and market opportunities of the operating room equipment segment on a global level.
According to this report, the global operating room equipment market was valued at $2.67 billion in 2012 and is further expected to grow at a CAGR of 6.2% from 2013 to 2019. The market for operating room equipment is thus estimated to reach a value of $4.05 billion in 2019.
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Owing to new and advanced technologies, operating rooms are becoming more spacious and popular in the market. An operating table is considered to be an indispensable part of an operating room. The need to accommodate a patient with the best of the equipment such as high definition and resolution surgical imaging displays and operating room lights during a surgical procedure has become a vital part of modern hybrid operating rooms.
This report studies and provides analysis of the current and the future scenario of the operating room equipment market and its potential for operating room (OR) equipment, globally. The report also throws light on the traditional use of operating room equipment versus the modern operating room equipment and the overall role of all these devices in the global market for operating room equipment.
In addition, the global market for operating room equipment has been extensively analyzed on the basis of market driven factors such as pricing, suppliers and availability, product types, and technological developments, across various regions in the world. An operating room (OR) within a clinic or hospital where various surgeries are performed on patients witness various technological advancements and changes in the way of surgical procedures.
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The operating room equipment market can be broadly classified into surgical booms, OR lights, operating tables, surgical imaging displays, and OR integration systems. The operating tables segment held the highest market share in 2012. It was valued at $815.5 million with approximately 30.6% of the total revenue share in the market, followed by the operating room lights segment. This report has also discussed the further segmentations of the operating tables market that includes specialty operating tables and general operating tables.
The demand for general operating tables is very slow in the global market and the overall growth will be counterbalanced by the rising demand for specialty surgery tables, during the forecast period 2013 to 2019. Subsequently, the surgical booms and OR integration systems market are predicted to be the fastest growing market segments during the estimated period due to rising demand for hybrid operating rooms that requires such equipment for appropriate space management and equipment integration at a particular healthcare facility.
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The operating room equipment segment encompassing all such equipment types is considered as the major revenue generating sector in hospitals and clinical departments. The market forecast and size in terms of revenue (USD million) for each of these operating room equipment categories have been detailed in the report for the given forecast period 2011 to 2019, viewing 2011 and 2012 as the base years. The report also demonstrates the % compound annual growth rate (CAGR) for each of these segments over the forecast period.
Based on geographical segmentation, the global market for operating room equipment is sectioned into four major geographical regions, namely, Europe, North America, Asia-Pacific, and Rest of the World (RoW). In 2012, Europe and North America were the largest regional share markets for operating room equipment. Since most of the clinics and hospitals in both these regions are already equipped with the appropriate operating room equipment facilities, the market will largely grow on advanced automated versions and rely on replacement of existing equipment.
Moreover, the Asia-Pacific region is also likely to witness high market growth for operating room equipment due to the rapidly evolving medical tourism market in this region. The medical industry in Asia-Pacific has seen an exponential rise in the number of ambulatory surgical centers (ASCs) and number of patients coming to countries such as, South Korea, India, Malaysia, and Thailand for different surgical treatments. Most of the healthcare providers in these countries are equipped with the latest medical technologies, thus offering treatments at low-cost facilities in order to offer enhanced patient care to their foreign customers.
The report on operating room equipment discusses some of the major players’ active in the operating room equipment market. They include. Skytron, LLC, Berchtold Corporation, TRUMPF GmbH + Co. KG, Eschmann Equipment, Mizuho OSI, Karl Storz GmbH & Co. KG, Getinge Group, Steris Corporation, Stryker Corporation, and NDS Surgical Imaging, LLC.