Operating Room Equipment Market Development, Trends, Segmentation Analysis

Operating Room Equipment Market Outlook 2031

  • The global operating room equipment market was valued at US$ 35.2 Bn in 2021
  • The global market is projected to expand at a CAGR of 4.6% from 2022 to 2031
  • The global operating room equipment market is anticipated to exceed US$ 56.8 Bn by 2031

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Analysts’ Viewpoint on Operating Room Equipment Market Scenario

The global operating room equipment market is expected to be driven by increase in incidence of chronic diseases that require surgeries, rise in number of hospitals, and surge in government funding & grants. According to data published by the Ministry of Health & Family Welfare, Government of India, under the PMSSY scheme, six AIIMS-like institutions received approx. US$ 83 Mn toward the cost of construction and around US$ 27 Mn for the procurement of medical equipment and modular operation theaters. Such investments are likely to create novel opportunities for market players.

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Precautionary Measures Grow Prominent in Operating Rooms amid COVID-19 Outbreak

Due to the COVID-19 pandemic, healthcare organizations have been stressing on the importance of operating room management. Healthcare companies in the operating room equipment market have been ensuring robust operation theatre supplies across facilities to maintain patient quality of life.

Operating room theatre personnel are taking precautions such as utilizing personal protective equipment (PPE), pre-operative planning, and assessing negative pressure ventilation in operating theaters (OTs). Healthcare facilities are ensuring limited personnel in operating rooms and deployment of single-use equipment to avoid hospital-acquired infections (HAIs) and dedicated COVID-19 theaters to reduce the spread of the novel infection. Moreover, healthcare practitioners are making the use of regional anesthesia to minimize the duration of surgery.

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Are Emerging Economies Lacking Healthcare Infrastructure for Patient Monitoring?

Companies in the operating room equipment market are providing leading-edge patient monitoring equipment such as surgical imaging displays and vital signs monitoring devices in hospitals. 3D (3 dimensional) endoscopes are storming operating theaters where in the near future, surgeons will be seen wearing 3D glasses that hold potentials to solve limited depth perception in endoscopic surgeries.

Although 3D surgical imaging is anticipated to become more commonplace in OTs, there is a need for investment to build a robust healthcare infrastructure in developing countries such as India, Bangladesh, Vietnam, and the Philippines. Hence, companies in the operating room equipment market should collaborate with governments in these countries and invest in building healthcare facilities to improve overall public health in emerging economies.

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Hybrid O.R., Digital O.R. and Integrated O.R. Transforming Healthcare Industry

Hybrid operating rooms, digital operating rooms, and integrated operating rooms are playing an instrumental role in improving patient outcomes. Hybrid O.R. is being publicized for use of mobile systems that offer advantages of flexibility in use of imaging systems during surgeries. Such innovations are fueling the demand for operating room supplies.

Digital O.R. on the other hand is gaining popularity for next-gen setup of software sources, images, and O.R. video integration, all at the same time. However, operating room integration system manufacturers are focused on automation of O.R. equipment, imaging devices, and patient information systems.

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