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Operating Room Equipment And Supplies Market, By Supplies, By Equipment, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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REPORT HIGHLIGHT

Operating Room Equipment And Supplies Market size was valued at USD 46,410 Million in 2023, expanding at a CAGR of 7.5% from 2024 to 2032.

Operating room equipment and supplies are the specialized tools, instruments, devices, and materials used in surgical environments. These tools are specifically designed to meet the needs of surgeons and surgical staff when performing surgical procedures, which require time, patience, focus, and utmost safety. Among these essential tools are specialized tables that provide optimal support to patients during surgery. These tables can be adjusted into different positions, such as Trendelenburg (head-down) or lithotomy (legs raised), among others. In addition to the tables, a wide range of surgical instruments, including scalpels, forceps, scissors, retractors, clamps, and more, are used for various procedures. To further improve efficiency and communication during surgery, Operating Room Integration Systems integrate multiple technologies, such as video displays, communication systems, and data management.

Operating Room Equipment and Supplies Market- Market Dynamics

Increasing patient preference for minimally invasive surgeries are expected to drive the growth of market

Patients frequently express a preference for minimally invasive procedures due to the perceived advantages of smaller incisions, reduced scarring, and faster recovery. This preference has a significant impact on healthcare providers, prompting them to invest in cutting-edge equipment for these types of surgeries. The increasing demand for minimally invasive procedures also creates an opportunity for manufacturers to develop and supply specialized equipment and supplies that cater to these surgical techniques. According to the national center for biotechnology information, in 2017, out of 9.8 million inpatient major operating room procedures analyzed, 11.1% were minimally invasive surgeries and 2.5% were robotic-assisted surgeries. In comparison, there were 9.6 million inpatient operating room procedures in 2018. Thus, the aforementioned stats are expected to propel the market growth during the forecast period.

Operating Room Equipment And Supplies Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2024-2032)

Based on Supplies segmentation, Surgical Instruments was predicted to show maximum market share in the year 2023

Based on Equipment segmentation, Electrosurgical Units was the leading type in 2023

Based on End-user segmentation, Ambulatory Surgery Centers was the leading type in 2023

On the basis of region, North America was the leading revenue generator in 2023

Operating Room Equipment And Supplies Market- Segmentation Analysis:

The Global Operating Room Equipment And Supplies Market is segmented on the basis of Supplies, Equipment, End-User, and Region.

The market is divided into four categories based on Supplies: Surgical Instruments, Disposable Materials, Accessories and Others. The market is primarily dominated by the Surgical Instruments segment. Both disposable IV therapy products and surgical instruments highlight the significance of upholding sterility in order to reduce the chances of infections and complications.

The market is divided into seven categories based on Equipment: Anaesthesia Machines, Operating Tables, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Devices and Operating Room Lights. Electrosurgical Units segment dominates the market. Patient safety is a top priority for both disposable IV therapy products and electrosurgical units. While IV products are designed to safely deliver fluids and medications, electrosurgical units specialize in precise tissue manipulation without causing any damage to nearby structures.

The market is divided into three categories based on End-User: Hospitals, Outpatient Facilities and Ambulatory Surgery Centers. The market is primarily dominated by Ambulatory Surgery Centers. These centers are specifically designed to offer surgical care on a same-day basis, eliminating the requirement for patients to stay overnight in a hospital. Disposable IV therapy products are of utmost importance in facilitating a range of medical interventions, particularly those carried out in ASCs.

Operating Room Equipment And Supplies Market- Geographical Insights

Geographically, this market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to the increasing number of surgeries and the expansion of hospitals. North America witnesses a significant volume of surgical procedures, driven by factors such as a large population, aging demographics, and the prevalence of chronic diseases that often require surgical intervention. According to the National Center for Biotechnology Information, the number of people in the United States aged 50 years and older is projected to increase by 61.11% from 137.25 million in 2020 to 221.13 million in 2050. Among this population, the number of individuals with at least one chronic disease is estimated to increase by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Additionally, the number of individuals with multimorbidity is projected to increase by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Europe holds the second-largest region for market growth during the forecast period, primarily due to the increasing demand for a better system of patient care.

Operating Room Equipment And Supplies Market- Competitive Landscape:

The competitive landscape of the operating room equipment and supplies market is characterized by the presence of numerous global and regional players. The demand for innovative operating room equipment is fueled by ongoing advancements in medical technology, such as robotic-assisted surgery and minimally invasive techniques. As healthcare systems continue to evolve, there is a persistent need for advanced and efficient operating room solutions. These companies compete on a global scale, offering a wide range of products and solutions tailored to the requirements of operating rooms in hospitals and other healthcare facilities. A competitive advantage is gained by companies that invest in and introduce innovative technologies for surgical procedures. The ability to serve a global market and establish an extensive distribution network contributes to their competitiveness. The operating room equipment and supplies market remains highly competitive due to the constant demand for advancements in surgical technologies and the continuous evolution of healthcare practices. Companies that prioritize innovation and adapt to changing healthcare landscapes are more likely to maintain or gain a competitive edge.

Recent Developments:

In June 2023, STERIS plc declared that it has reached a final agreement to pay $540 million to Becton, Dickinson and Company for the surgical instruments, laparoscopic instrumentation, and sterilizing container assets. With a current value of about $60 million, STERIS expects the transaction to be eligible for a tax advantage associated with tax deductible goodwill. The brands V. MuellerTM, Snowden-PencerTM, and GenesisTM, which are well-known suppliers of surgical tools and sterilisable containers to healthcare customers, are included in the transaction. Together, these companies are expected to generate around $170 million in sales annually during BD's fiscal year, which ends on September 30, 2023, and generate about $45 million in adjusted profits before interest and taxes.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

GE Healthcare

Getinge Group

Karl Storz

Hill-Rom

DrA¤gerwerk

Steris Corporation

Stryker

Medtronic

Philips Healthcare

Mizuho OSI

Others

GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET, BY SUPPLIES- MARKET ANALYSIS, 2019 - 2032

GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET, BY EQUIPMENT- MARKET ANALYSIS, 2019 - 2032

GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

Table of Contents

1. Operating Room Equipment And Supplies Market Overview

2. Executive Summary

3. Operating Room Equipment And Supplies Key Market Trends

4. Operating Room Equipment And Supplies Industry Study

5. Operating Room Equipment And Supplies Market: COVID-19 Impact Analysis

6. Operating Room Equipment And Supplies Market Landscape

7. Operating Room Equipment And Supplies Market - By Supplies

8. Operating Room Equipment And Supplies Market - By Equipment

9. Operating Room Equipment And Supplies Market - By End-User

10. Operating Room Equipment And Supplies Market- By Geography

11. Key Vendor Analysis- Operating Room Equipment And Supplies Industry

12. 360 Degree Analyst View

13. Appendix

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