Operating Room Equipment Market

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Operating Room Equipment Market To Reach USD
35.96 Billion By 2026
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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.
Market Summary
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• 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 Koreas largest
  telecommunication company and Samsung Medical
  Center have jointly introduced worlds 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.

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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
  20162026)
• Anesthesia Machines
• Electrosurgical Units
• Diagnostic Imaging Devices
• Multi-parameter Patient Monitors                
             
• Surgical Imaging Devices                       
• Operating Tables                       
• Operating Room Lights
• Others

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Market Summary

• By End Use Outlook (Revenue in Million USD
  20162026)
• Hospitals
• Outpatient Facilities
• Ambulatory Surgery Centers (ASCs)
                                     
• Regional Outlook (Revenue in Million USD
  20162026)
• North America
• Europe
• Asia Pacific
• Middle East Africa
• Latin America

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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 industrys growth
in the forecast period?
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