Operating Room Equipment Market to Reach $75.4 Billion by 2030: Grand View Research, Inc.

Read full market research report, "Operating Room Equipment Market Size, Share & Trends Analysis Report By Product (Anesthesia, Endoscopes, Electro Surgical Devices, Surgical Imaging), By End User, By Region, And Segment Forecast, 2023 - 2030", published by Grand View Research. Read full market research report, " Operating Room Equipment Market Size, Share & Trends Analysis Report By Product (Anesthesia, Endoscopes, Electro Surgical Devices, Surgical Imaging), By End User, By Region, And...

Read full market research report, "Operating Room Equipment Market Size, Share & Trends Analysis Report By Product (Anesthesia, Endoscopes, Electro Surgical Devices, Surgical Imaging), By End User, By Region, And Segment Forecast, 2023 - 2030", published by Grand View Research.

Operating Room Equipment Market Growth & Trends

According to NCBI study, 310 million major procedures are conducted a year worldwide, with between 40 to 50 million taking place in the United States and 20 million in Europe. Additionally, The British Heart Foundation's 2021 study revealed that 371,000 heart procedures and operations took place in England during 2020. Furthermore, another NCBI article from 2022 indicates that almost 400,000 Coronary Artery Bypass Grafting (CABG) surgeries are performed each year.

The rising geriatric population and the increasing prevalence of lifestyle diseases also contribute to the growth of this market by augmenting the annual rate of surgeries. All such factors are expected to fuel the growth of market.
The market was significantly impacted by COVID-19. The high risk of COVID-19 transmission in ORs, surgery suspension, and declining rate of surgeries have impacted the market to some extent. Furthermore, surgical delays throughout across the hospitals and cancellation of non-urgent procedures have potentially resulted in worsened patient outcomes. These factors have significantly created losses in hospital revenue as well as the growth of the operating room market. Also, major players such as Medtronic and Stryker witnessed decrease in their overall revenue due to negative impact of pandemic.

Furthermore, the key participants are engaged in different strategies to expand their global footprints with innovation, mergers & acquisitions, agreements, collaborations, product launches, and installation of operating rooms across the globe. For example, Steris Corporation has installed more than 6,000 operating rooms across North America.

Operating Room Equipment Market Report Scope

 

Operating Room Equipment Market Segmentation

Grand View Research has segmented the global operating room equipment market on the basis of product, end user, and region:

Operating Room Equipment Market - Product Outlook (Revenue, USD Billion, 2018 - 2030)

Operating Room Equipment Market - End-user Outlook (Revenue, USD Billion, 2018 - 2030)

Operating Room Equipment Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)

List of Key Players of Operating Room Equipment Market

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Browse through Grand View Research's  Medical Devices Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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