“The Operating Room Equipment Market Research Report” examines the existing as well as sequential performance of the worldwide market. The report also calculates the forthcoming status of Operating Room Equipment market based on thorough analysis. By providing exploratory techniques such as, qualitative and quantitative analysis the report presents a comprehensive analysis of market progression. Graphical presentation of information through charts, (graphs, diagrams, tables as well as pictures), the report provides a lucid and easy understanding of the market to readers.
The global operating room equipment market was valued at about $5.2 billion in 2018 and is expected to grow to $5.76 billion at a CAGR of 2.6% through 2022. The operating room equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for operating room equipment and is expected to continue to be the largest market during the forecast period.
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Companies Covered (Sales, Price, Revenue, Volume, Gross Margin and Market Share)-
Steris Plc, Stryker Corporation, Getinge AB, Hill-Rom Holdings, Inc., Mizuho OSI, Inc. and Other.
The operating room (OR) equipment market is driven globally by the increase in ambulatory surgical centers (ASCs) across the world. All ASCs require an operating room (OR) to undertake the surgeries; therefore the growing number of ASCs all over the world is a key factor facilitating growth of the market for OR equipment.
The high cost associated with the operating room equipment will restrain the operating room equipment market growth. Hospital costs are important to understanding value-based care, and are even more critical when analyzing cost-saving interventions during surgery. The costs associated with the operating room equipment depends on the country, the surgical procedure and the equipment used for the surgical procedure. In a 2011 study, it was observed that on an average, hospital stays in the US that involve an OR procedure have been reported to be 2.5 times more costly than stays that do not involve an OR procedure.
The hybrid operating room is a new trend being observed in the global operating room market. A hybrid operating room is an alternative to conventional operating room equipped with advanced medical imaging systems and devices which support high quality interventional imaging and minimally invasive surgeries. It has complex environment in which numerous surgeons, nurses, anesthesiologists, and technicians work together. Hybrid operating rooms in healthcare facilities has increased globally. Since they offer a sterile operating room environment, surgeons can perform surgeries with ease. The ability of these operating rooms to reduce the total healthcare expenditure, enhance patient safety, and minimize the time taken to perform surgeries will lead to its increased popularity in the fields of neurosurgery, cardiology, and orthopedics.
In December 2018, Medtronic’s subsidiary, Restorative Therapies Group, acquired Mazor Robotics (Mazor), a pioneer in the field of robotic guidance systems. The acquisition of Mazor strengthens the company’s position as a global leader in enabling technologies for spine surgery. The company offers a fully-integrated procedural solution for surgical planning, execution and confirmation by combining the company’s spine implants, navigation, and intra-operative imaging technology with Mazor’s robotic-assisted surgery systems. Total consideration for the transaction, net of cash acquired, was $1.6 billion, consisting of $1.3 billion of cash and $246 million of a previously-held equity investment in Mazor.
More importantly, the report underscores participant’s financial performance which includes assessment of capital investments, cash flow, Operating Room Equipment sales volume, pricing structure, cost structure, gross margin, profitability, revenue outcome, and growth rate. The assessments enable market players to determine competitors’ financial strengths and dominance across the globe. Furthermore, the report analyzes business strategies adopted by participants that usually comprise recent business expansions, mergers, acquisitions, ventures, partnerships as well as promotional activities, technology adoption, brand developments, and product launches.
Influence Of The Operating Room Equipment Market Report:
-Comprehensive assessment of all opportunities and risk in the market.
-Operating Room Equipment market recent innovations and major events.
-Detailed study of business strategies for growth of the market-leading players.
-Conclusive study about the growth plot of Operating Room Equipment market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the market.
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Finally, all aspects of the Global Operating Room Equipment Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.
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