Operating Room Equipment & Supplies Market - Analysis & Global Forecast to 2020

The operating room equipment & supplies market is projected to reach USD 29.15 billion by 2020 from USD 24.31 billion in 2015, at a CAGR of 3.7% in the next five years (2015 to 2020).

Operating rooms around the globe are rapidly transforming from conventional to hybrid state-of-the-art operation theatres. These facilities use advanced equipment and supplies that enable surgeons to perform procedures with higher precision and ease. The increasing preference and demand for minimally invasive procedures across the globe have also transformed surgical procedures. In addition, the rise in aging population and the rising prevalence of cardiovascular diseases is driving the growth of the operating room equipment & supplies market.

Growing investments, funds, and grants by government bodies worldwide and rising number of hospitals, growing number of regulatory approvals for operating room equipment, and increasing number of surgeries globally are some of the factors that are expected to drive the growth of the global operating room equipment & supplies market in the coming years.
On the other hand, factors like high cost of operating room equipment and unfavorable healthcare reforms in the U.S. are likely to restrain the operating room equipment & supplies market to some extent. Moreover, the lack of trained professionals is posing as a major challenge for the market.

In 2015, the anesthesia machines segment is expected to account for the largest share of the operating room equipment market, by type, while the surgical instruments segment is expected to account for the largest share of operating room supplies market, by type.

In 2015, North America is expected to account for the largest share of the global operating room equipment & supplies market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America’s large share is attributed to the investments by hospitals to upgrade operating rooms; rising number of surgical procedures; increasing number of ambulatory surgery centers; and increasing prevalence of cardiovascular disease in the U.S. In Canada, market growth is mainly driven by rising public and private investments, implementation of a new funding model for Canadian hospitals, and conferences on operating room equipment and supplies. In the coming years, the operating room equipment & supplies market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed to the growing number of hospitals, increasing number of German-Asian partnerships, government initiatives to increase the number of doctors in China, presence of global and local players in China, Japan’s growing healthcare industry, and government funding in India, favorable healthcare system and conferences in Australia, increasing medical tourism, and rising government investments in the Philippines.

The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, collaborations, geographic expansion, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.

Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

‧ Market Penetration: Comprehensive information on the models and services offered by top players in the mice model market. The report analyzes the operating room equipment & supplies market, by product, type, and end user.
‧ Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the operating room equipment & supplies market
‧ Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for operating room equipment & supplies across regions
‧ Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the operating room equipment & supplies market
‧ Competitive Assessment: In-depth assessment of market shares, strategies, products, and distribution networks of the leading players in the operating room equipment & supplies market

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 18
1.3.1 MARKETS COVERED 19
1.3.2 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 20
1.5 LIMITATIONS 20
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH METHODOLOGY STEPS 22
2.2 SECONDARY AND PRIMARY RESEARCH METHODOLOGY 23
2.2.1 SECONDARY RESEARCH 23
2.2.1.1 Key data from secondary sources 23
2.2.2 PRIMARY RESEARCH 24
2.2.2.1 Key industry insights 25
2.2.3 KEY DATA FROM PRIMARY SOURCES 26
2.2.4 KEY INSIGHTS FROM PRIMARY SOURCES 26
2.2.5 MARKET SIZE ESTIMATION METHODOLOGY 27
2.3 MARKET DATA VALIDATION AND TRIANGULATION 31
2.4 ASSUMPTIONS FOR THE STUDY 32
3 EXECUTIVE SUMMARY 33
3.1 INTRODUCTION 33
3.2 CURRENT AND FUTURE SCENARIO 34
3.3 KEY GROWTH STRATEGIES 38
4 PREMIUM INSIGHTS 39
4.1 GLOBAL OPERATING ROOM & SUPPLIES MARKET OVERVIEW 39
4.2 GEOGRAPHIC ANALYSIS: OPERATING ROOM & SUPPLIES MARKET, BY END USER 40
4.3 GEOGRAPHICAL SNAPSHOT OF THE OPERATING ROOM EQUIPMENT & SUPPLIES MARKET 41
4.4 GLOBAL OPERATING ROOM SUPPLIES MARKET, BY PRODUCT (2015 VS. 2020) 42
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5 MARKET OVERVIEW 43
5.1 INTRODUCTION 44
5.2 MARKET SEGMENTATION 44
5.3 MARKET DYNAMICS 45
5.3.1 DRIVERS 46
5.3.1.1 Growing investments, funds, and grants by government bodies worldwide 46
5.3.1.2 Rising number of hospitals and growing hospital investments in operating room equipment & supplies 48
5.3.1.3 Increasing patient preference for minimally invasive surgeries 48
5.3.1.4 Growing number of regulatory approvals for operating room equipment 49
5.3.1.5 Rising geriatric population coupled with growing number of surgeries globally 49
5.3.2 RESTRAINTS 51
5.3.2.1 High cost of operating room equipment 51
5.3.2.2 Unfavorable healthcare reforms in the U.S. 52
5.3.3 OPPORTUNITIES 52
5.3.3.1 Growing healthcare market in emerging economies 52
5.3.4 CHALLENGES 53
5.3.4.1 Lack of trained professionals 53
5.3.5 FREE TRADE AGREEMENTS IMPACTING THE OR MARKET 54
5.3.5.1 Increasing number of free-trade agreements 54
6 OPERATING ROOM EQUIPMENT MARKET, BY TYPE 56
6.1 INTRODUCTION 57
6.2 ANESTHESIA MACHINES 58
6.3 ELECTROSURGICAL UNITS 60
6.4 MULTI-PARAMETER PATIENT MONITORS 61
6.5 SURGICAL IMAGING DEVICES 62
6.5.1.1 Mobile C-Arms 62
6.5.1.2 Mini C-Arms 62
6.6 OPERATING TABLES 64
6.6.1 GENERAL OPERATING TABLES 65
6.6.2 SPECIALTY OPERATING TABLES 65
6.7 OPERATING ROOM LIGHTS 66
7 OPERATING ROOM SUPPLIES MARKET, BY TYPE 68
7.1 INTRODUCTION 69
7.2 SURGICAL INSTRUMENTS 70
7.3 DISPOSABLE MATERIALS 74
7.4 ACCESSORIES 76
7.5 OTHER OR SUPPLIES 78
8 GLOBAL OPERATING ROOM EQUIPMENT & SUPPLIES MARKET, BY END USER 80
8.1 INTRODUCTION 81
8.2 HOSPITALS 82
8.3 OUTPATIENT FACILITIES 83
8.4 AMBULATORY SURGERY CENTERS 84
9 GLOBAL OPERATING ROOM EQUIPMENT AND SUPPLIES MARKET, BY REGION 85
9.1 INTRODUCTION 86
9.2 NORTH AMERICA 89
9.2.1 U.S. 92
9.2.1.1 Investments by hospitals to upgrade operating rooms 92
9.2.1.2 Increasing surgeries in the U.S. 92
9.2.1.3 Increasing number of ambulatory surgery centers (ASCs) 93
9.2.1.4 Rise in geriatric population, prevalence of cardiovascular disease 93
9.2.2 CANADA 95
9.2.2.1 Rising Public and Private Investments 95
9.2.2.2 New funding Model for Canadian Hospitals 95
9.2.2.3 Conferences to increase awareness 96
9.3 EUROPE 98
9.3.1 RISING ADOPTION OF OR DEVICES AND SOLUTIONS IN FRANCE, BELGIUM, SWEDEN, AND THE NETHERLANDS 99
9.3.2 HIGH PRICES LIKELY TO OFFSET THE DEMAND FOR OPERATING ROOM EQUIPMENT & SUPPLIES IN EUROPE 99
9.3.3 RAPIDLY AGING POPULATION IN EUROPE 100
9.3.4 GERMANY 102
9.3.4.1 Minimal out-of-pocket expenditure for medical devices 102
9.3.4.2 Rising cases of hip and knee replacement 102
9.3.5 FRANCE 104
9.3.5.1 Favorable government support and growing aging population 104
9.3.6 U.K. 106
9.3.6.1 Government initiatives and funds for supporting medical innovation 106
9.3.6.2 Increase in cosmetic surgeries 106
9.3.7 ITALY 108
9.3.7.1 Rise in diabetic foot amputations 108
9.3.8 SPAIN 109
9.3.8.1 Increasing cases of cardiovascular diseases, rising medical tourism industry, and growing aging population 109
9.3.9 REST OF EUROPE (ROE) 111
9.3.9.1 Finland-a major surgical imaging market 111
9.3.9.2 Improving Healthcare infrastructure in Russia 111
9.4 ASIA-PACIFIC 113
9.4.1 GROWING NUMBER OF HOSPITALS IN ASIA 114
9.4.2 GERMAN-ASIAN PARTNERSHIPS STIMULATING MARKET GROWTH IN ASIA 115
9.4.3 JAPAN 117
9.4.3.1 Japan’s growing healthcare industry 117
9.4.4 CHINA 119
9.4.4.1 Presence of global and local players in the Chinese market 119
9.4.4.2 Government initiatives to increase the number of doctors 119
9.4.4.3 Trade shows hosted in China 119
9.4.5 INDIA 121
9.4.5.1 Government funding to trigger market growth 121
9.4.6 AUSTRALIA 126
9.4.6.1 Favorable Healthcare system in Australia 126
9.4.6.2 Conferences to help professionals exchange knowledge 126
9.4.7 REST OF ASIA-PACIFIC 128
9.4.7.1 Asian countries—leading medical tourism destinations 128
9.4.7.2 Stringency of Malaysian regulations may restrain market growth 128
9.4.7.3 Changing regulatory and healthcare scenario in Vietnam 128
9.4.7.4 Stringent regulations limiting the growth of the market in Indonesia 129
9.4.7.5 Increasing government investments in the Philippines 129
9.5 REST OF THE WORLD (ROW) 131
9.5.1 MARKET SCENARIO IN ARGENTINA & SOUTH AFRICA 132
9.5.2 LATIN AMERICA 134
9.5.2.1 Favorable ecosystem for operation room equipment & supplies in Brazil 134
9.5.2.2 Government funding 134
9.5.2.3 Rising obesity in Latin America 135
9.5.3 MIDDLE EAST 137
9.5.3.1 Government initiatives to enhance healthcare systems 137
9.5.3.2 Increasing aging population 137
9.5.3.3 Increasing focus on Middle Eastern countries 137
9.5.4 AFRICA 139
9.5.4.1 Emergence of new hospitals in Africa 139
9.5.4.2 Availability of public & private investments for purchasing equipment 140
10 COMPETITIVE LANDSCAPE 142
10.1 OVERVIEW 142
10.2 COMPETITIVE SITUATION AND TRENDS 143
10.2.1 NEW PRODUCT LAUNCHES 144
10.2.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 145
10.2.3 ACQUISITIONS 146
10.2.4 EXPANSIONS 147
10.2.5 OTHER DEVELOPMENTS 148
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11 COMPANY PROFILES 149
(Overview, Financials, Products & Services, Strategy, & Developments)*
11.1 INTRODUCTION 149
11.2 STERIS CORPORATION 150
11.3 STRYKER CORPORATION 155
11.4 PHILIPS HEALTHCARE 157
11.5 GETINGE GROUP 160
11.6 HILL-ROM HOLDINGS, INC. 163
11.7 DRAGERWERK AG & CO. KGAA 166
11.8 GE HEALTHCARE 169
11.9 MEDTRONIC, INC. 172
11.10 MIZUHO OSI 174
11.11 KARL STORZ GMBH & CO. KG 176
*Details on Financials, Product & Services, Strategy, & Developments might not be captured in case of unlisted companies.
12 APPENDIX 178
12.1 DISCUSSION GUIDE 178
12.2 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 184
12.3 AVAILABLE CUSTOMIZATIONS 184
12.4 RELATED REPORTS 185