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Operating Room Equipment Market Anticipated to Grasp $33,307 Million by 2023

Operating Room Equipment Market Anticipated to Grasp $33,307 Million by 2023 with a CAGR of 4.5% | Allied market Research<br>

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Operating Room Equipment Market Anticipated to Grasp $33,307 Million by 2023

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  1. Operating Room Equipment Market 

  2. Government investment, subsidies, and increased funding are driving the development and adoption of operating room equipment in various healthcare settings around the world. In addition, operating room equipment is expected to grow at a moderate pace throughout the forecast period, due to increased patient preferences for minimally invasive surgery and the global aging population. Get Sample Report

  3. Operating Room Equipment Market was valued at $24,192 million in 2016, and is projected to reach $33,308 million by 2023, growing at a CAGR of 4.5% from 2017 to 2023. North America is anticipated to be the highest revenue contributor throughout the forecast period. Operating Room (OR) or Operating Room is designed for surgeons and surgical staff to perform surgery requiring time, patience, concentration and safety. Equipment used in the operating room include surgical imaging devices, anesthesia machines, electrosurgical devices, operating room lights, operating room tables, etc. High quality operating room equipment plays a vital role in operating room to streamline the workflow in the operating room.

  4. Increase in global elderly population & rise in number of hospitals boost the market growth. In addition, rise in preference for minimally invasive surgeries and growth in regulatory approvals with respect to OR equipment is expected to drive the operating room equipment market. However, high cost associated with OR equipment and unfavorable healthcare reforms, especially in the U.S., are projected to impede the market growth.

  5. Key Findings of the Operating Room Equipment Market: • In 2016, surgical imaging devices generated the highest revenue, accounting about two-fifths of the overall market revenue and is projected to grow at a CAGR of 2.4% during the forecast period. • Electrosurgical devices is expected to grow at an above-average CAGR of 7.8%, owing to increased number of skilled medical personnel in the field. • North America accounted for more than 40% of the market share in 2016. • Asia-Pacific is anticipated to be the fastest growing market during the analysis period, followed by LAMEA.

  6. The major companies profiled in the report include Steris Corporation, Stryker Corporation, Koninklijke Philips N.V., Getinge Group, Hill-Rom Holdings, Inc., Drgerwerk AG & Co. KGaA, General Electric Company, Medtronic, plc, Mizuho SOI, and Karl Storz GmbH & Co. Kg

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