Global Operating Room Equipment Market is segmented By Product Type (Operating Tables, Surgical Lights, Surgical Imaging Displays, Operating Room Integration Systems, Anesthesia Systems, Surgical Booms, Others), By End User (Hospitals, Ambulatory Surgery Centres, Outpatient Facilities), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Operating Room Equipment Market Size
The Global Operating Room Equipment Market reached USD 30.1 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 42.7 billion by 2031. The Global Operating Room Equipment Market is expected to exhibit a CAGR of 4.6% during the forecast period 2024-2031. High-quality operating room equipment is critical for ensuring the safety of patients during surgical procedures. Anaesthesia devices, patient monitors, and surgical lights help monitor vital signs, administer anesthesia, and provide appropriate lighting for surgeons to execute treatments precisely and safely.
Furthermore, the Operating Room Equipment market size is proliferating because of the following factors, the rising number of hospitals, surgeries, the geriatric population increase, and research and development activities.
Due to the massive healthcare expenditure in countries like the U.S. and Canada, the market is seeing an increase in demand from North American regions, with significant competitors like Maquet Holding, Medtronic, Getinge AB, and others actively operating in the market.
Market Summary
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Metrics |
Details |
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CAGR |
4.6% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Product Type, End User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
An increasing number of surgeries will drive the market growth
The rising number of surgeries will drive the market. For instance, on April 11, 2023, The Aesthetic Society issued its annual Aesthetic Plastic Surgery Statistics, compiled using the Society's new, more accurate digital technologies, showing that aesthetic plastic surgery will be on the rise in 2021.
The data shows a significant growth in procedures for the face, breasts and body. Since 2020, attractive body operations like abdominoplasty, buttock augmentation, and liposuction have climbed by 63%.
Breast augmentation, augmentation/breast lift, and breast lift/reduction treatments increased by 48%. Last year, specialized cosmetic operations such as brow lifts and facelifts surged 54%. As a result, the number of procedures is increasing, contributing to market growth.
The rise of aging population will drive the market growth
The rise of the aging population will drive market growth; according to WHO, all countries have significant barriers in ensuring that their health and social systems are prepared to capitalize on this demographic transformation. In 2050, 82% of the elderly will reside in low- and middle-income countries.
The population is aging at a considerably higher rate than in the past. In 2020, persons aged 60 and more will outnumber youngsters under five. By 2030, one in every six people will be 60 or older. By 2050, the world's population of adults aged 60 and up will have doubled. The number of people aged 80 and more is predicted to treble between 2020 and 2050, reaching 400 Billion. As a result of the growing older population also drive market growth.
The high cost of equipment will hamper the market growth.
Operating room equipment is designed to perform highly specialized functions, such as surgical imaging, anesthesia delivery, or minimally invasive procedures. Developing, manufacturing, and maintaining such specialized equipment requires significant engineering, expertise, and quality control investments.
Medical equipment, including operating room equipment, must adhere to strict regulatory standards to ensure patient safety and efficacy. Meeting these requirements often involves rigorous testing, certifications, and ongoing compliance efforts, which can add to the overall cost of the equipment. Thus, the market will be restricted during the forecast period due to these factors.
Market Segment Analysis
The Global Operating Room Equipment Market is segmented based on product type, end user and region.
The Anaesthesia machines Segment Accounted for Approximately 37.4% of the Operating Room Equipment Market Share
Due to technological advances and the increased usage of anesthesia machines in surgical centers. Anaesthesia machines are utilized in practically all sorts of procedures. The growing adoption of Anaesthesia Information Management Systems (AIMS) also contributes to the significant revenue share. The new product launches and strategies by key players also dominate the segment.
For instance, on October 16, 2020, Mindray announced that its latest A8 and A9 anesthetic devices would be available in the UK market. The two systems are the medical device maker's most modern anesthesia solutions, with connectivity options and patient safety features. The A8 and A9 are the industry's first devices to use high-flow nasal cannula (HFNC) technology within the anesthetic machine. As a result, the segment will dominate market growth.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
North America Accounted for Approximately 44.1% of the Market Share in 2022
Due to the increasing number of ambulatory surgery centers and the frequency of chronic conditions. Furthermore, well-developed healthcare infrastructure and increased demand for minimally invasive surgeries are expected to fuel the growth of this market.
Furthermore, increased investments by market participants in developing operating room equipment are projected to result in the launch of innovative products in the market, propelling market expansion in this region throughout the forecast period.
For instance, in June 2021, Getinge introduced the Torin AI-based OR management system in the United States. Such advances are projected to increase acceptance of this software, hence boosting market growth in this region.
Source: DataM Intelligence Analysis (2023)
Operating Room Equipment Market Companies
The major global players in the Operating Room Equipment market include Philips Healthcare, Maquet Holding, General Electric Company, Medtronic, Getinge AB, Stryker Corporation, Karl Storz, STERIS pl, Dragerwerk AG & Co. KGaA, MIZUHO Corporation and among others.
COVID-19 Impact on Operating Room Equipment Market
Russia Ukraine Conflict Analysis
The Russia-Ukraine conflict is estimated to have a moderateimpact on the global Operating Room Equipment Market, owing to the low prevalence and absence of key market players in this region. However, the impact of the import and export of raw materials is expectedto have little influence over the global Operating Room Equipment market growth over the forecast period.
Artificial Intelligence Analysis
AI can assist in surgical planning by analyzing patient data, such as medical images and electronic health records, to provide insights and recommendations. AI algorithms can help surgeons identify optimal surgical approaches, plan incisions, and determine the best placement of instruments and implants. During surgery, AI-powered guidance systems can provide real-time feedback and assistance to surgeons, enhancing precision and reducing errors
Key Developments
- On April 26, 2023, Proximie, the worldwide health technology platform that digitises operating rooms (ORs), has announced the GCC launch of the PxLens, the latest in its new line of surgical care-transforming products. The PxLens is a wearable, lightweight'smart glasses' device with embedded software. The head-mounted gadget enables doctors to provide a 'first-person' view of open surgeries and minimally invasive procedures.
- On November 14, 2022, Stryker, one of the world's leading medical technology firms, announced the OR of the Future, a model operating room inside Stryker's Flower Mound plant that offers customers a one-of-a-kind interactive experience to conceptualize future OR design and technology.
With patient safety and OR uptime in mind, the model is designed and integrated to improve infection protection and cleanability while utilizing clever technologies and time-saving components.
- On September 14, 2022, Olympus Corporation announced the release of VISERA ELITE III, its newest surgical visualization platform designed to meet the demands of healthcare professionals (HCPs) performing endoscopic procedures in various medical specialties.
VISERA ELITE III provides various imaging functions, all supported by a single system, allowing for minimally invasive procedures such as laparoscopic colectomy and laparoscopic cholecystectomy.
Why Purchase the Report?
- To visualize the Global Operating Room Equipment Market segmentation based on product type, end user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous Operating Room Equipment market-level data points with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available asexcelconsisting of key products of all the major players.
The Global Operating Room Equipment Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
