Operating Room Equipment Market

1. Operating Room Equipment Market To Reach USD 35.96 Billion By 2026

2. Market Summary The increasing government funding, rising number of product approvals provided for various operating devices and various technological advancements are major factors expected to drive the market in the forecast period.Market Size – USD 27.16 Billion in 2018, Market Growth - CAGR of 3.6%, Market Trends– increasing demand for minimally invasive surgery procedures owing to decreased stay at hospitals and cost-effective procedures are expected to drive the market. According to the current analysis of Reports and Data, the Operating Room Equipment market was valued at USD 27.16 billion in 2018 and is expected to reach USD 35.96 billion by the year 2026, at a CAGR of 3.6%. The equipment used in the various surgical procedures in the operating rooms present in hospitals and clinics is of crucial importance for patient compliance. The operating rooms equipment market is widely driven by the increasing government funds and rising number of hospitals in various developing regions such as China, India, and others. In regions such as Thailand, the Philippines, Malaysia, and other regions are growing at a faster pace as more hospitals and clinical setups are introduced in the region. The increasing technological advancements in the operating room equipment for better outcomes in the surgical procedures are expected to fuel the market. www.reportsanddata.com

3. Further key findings from the report suggest • Furthermore, the smart operating rooms are designed to accommodate the facilities required for cardiovascular, orthopedic and general operations. The hybrid operating rooms would include minimally invasive surgeries and other open surgical procedures. The institute is expected to be open by the year 2023. • Various technological innovations in devices and systems along with mergers and acquisitions, are increasing the market growth. For instance, KT Corporation, which is Korea’s largest telecommunication company and Samsung Medical Center have jointly introduced world’s first 5-G powered medical service which is the first step to introduce a 5G smart hospital. • Furthermore, the advanced and innovative technology includes various innovative features such as autonomous robot for operating rooms, digital diagnostic pathology, artificial intelligence- enabled care for in-patients and many other features • The rise in the prevalence of pathological and physiological diseases has led to a surge in the number of surgical procedures. Moreover, minimally invasive surgeries are gaining pace among patients for their numerous benefits, including minimal trauma, cost-effective procedures, and reduced hospital stays. All these factors increase the demand to upgrade operating rooms with reliable and efficient equipment, which eventually is expected to contribute to the global expansion of the operating room equipment market. • Many institutes have invested to build highly equipped and other important facilities in the operating rooms for efficient results. For instance, Jupiter Medical Center has introduced a project representing a surgical institute worth USD 80 million. The institute is a 90,000 square feet area and includes 16 smart operating rooms with two other hybrid operating rooms.

4. Market Summary • Key Players: • Koninklijke Philips N.V., STERIS plc, Stryker Corporation, Siemens Healthineers, Hill-Rom Holdings, Inc., Medtronic, Inc., Drägerwerk AG & Co. KGaA, Getinge Group, GE Healthcare, and Mizuho OSI • Segmentation: • For the purpose of this report, Reports and Data has segmented the Operating Room Equipment market on the basis of type, end use and region: • By Type Outlook (Revenue in Million USD; 2016–2026) • Anesthesia Machines • Electrosurgical Units • Diagnostic Imaging Devices • Multi-parameter Patient Monitors             • Surgical Imaging Devices                   • Operating Tables                        • Operating Room Lights • Others To look at the PDF Sample Report and get 30 minutes of a free consultation @ https://www.reportsanddata.com/sample-enquiry-form/2688 www.reportsanddata.com

5. Market Summary • By End Use Outlook (Revenue in Million USD; 2016–2026) • Hospitals • Outpatient Facilities • Ambulatory Surgery Centers (ASCs)                                     • Regional Outlook (Revenue in Million USD; 2016–2026) • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Grab Your Report at an Impressive Discount! Please Click Here : https://www.reportsanddata.com/discount-enquiry-form/2688 www.reportsanddata.com

6. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

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