MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts

  • ID: 4060306
  • Report
  • Region: Global
  • 78 pages
  • GlobalData
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Operating Room Equipment Market Set to Hit $1.1 Billion by 2023

FEATURED COMPANIES

  • BenQ Medical Technology
  • Dr. Mach
  • Eschmann Equipment
  • Hill-Rom
  • Mizuho OSI
  • OPT SurgiSystems
  • MORE
Operating Room Equipment market, as defined, comprises OR tables, OR lights and surgical boom units. OR tables are absolute requirements in any functioning hospital that provides surgical services, occupy a large portion of the global OR equipment business. OR tables which are broadly divided into manual and powered categories have seen dwindling sales of manual tables outside of the emerging markets. On the other hand, the use of powered tables continues to expand across the globe.

The global OR equipment market was valued at USD924.7m in 2016 and is seen expanding at a Compound Annual Growth Rate (CAGR) of 2.6% to reach USD1.1 Billion by 2023, representing a compound annual growth rate of 2.6%.

The key drivers of this market include:
- Rising numbers of surgical procedures in numerous specialties.
- Rising numbers of laparoscopic and computer-assisted procedures.
- Increasing access to better surgical care.

Maquet Getinge, Steris, and Stryker are the key players in the international OR equipment space. These companies have maintained success by making important acquisitions, establishing beneficial partnerships, and providing a comprehensive portfolio of prominent brands to their customers. Other international manufacturers, such as Hill-Rom, Skytron, and Dräger, have also played an impactful role in the business. In addition, small, local firms marketing cost-friendly OR equipment options have thrived in emerging markets.

According to Shashank Settipalli, Medical Equipment Research Analyst explains: “The benefits of laparoscopic procedures over open surgeries are numerous, such as requiring smaller incisions and fewer stitches, quicker recovery times, and shorter hospital stays.

It is expected that, the global OR equipment market to steadily flourish to address rising volumes of surgeries in various specialties. Emerging markets, such as China, India, and Brazil, are expected to see especially high growth. In developed markets, the expansion of laparoscopic surgery, robotic surgery, and the increasing integration of OR equipment will continue to fuel market expansion. However, high costs, surgeon preference, and burdensome maintenance issues prevent wider adoption in some markets.

The report “MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts” provides detailed overview of the major brands of OR tables, OR lights, and surgical booms in the market.

In particular, this report provides the following:
- Provides the total market revenue by segment and market outlooks by country through 2023.
- Provides detailed analysis of strategic competitive assessment, market characterization, and identification of unmet needs, evaluating market access, and implications of the emerging technologies on the market.
- Analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges.

Companies mentioned in this report: Draeger, Hill-Rom, Maquet Getinge, Mindray Medical, Mizuho OSI, Skytron, Steris, Stryker, BenQ Medical, Cognate India, Eschmann, Dr. Mach, OPT SurgiSystems, Nuvo Surgical.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BenQ Medical Technology
  • Dr. Mach
  • Eschmann Equipment
  • Hill-Rom
  • Mizuho OSI
  • OPT SurgiSystems
  • MORE
1 Table of Contents
2 Introduction
2.1 Related Reports
3 Market Access
3.1 Regulatory Issues
3.2 Mergers, Acquisitions, and Key Partnerships
3.2.1 Hill-Rom and Trumpf
3.2.2 Stryker and Berchtold
3.2.3 Trumpf (Hill-Rom) and Intuitive Surgical
4 Unmet Needs
4.1 Overview
4.2 Minimizing Contact in the Operating Room
4.3 Modular Operating Room Tables
4.4 Safety and Maintenance
4.5 Balancing Advantages and Disadvantages of Mobile and Stationary Operating Tables
5 Competitive Assessment
5.1 Company Share Analysis
5.1.1 Global
5.1.2 US
5.1.3 5EU
5.1.4 APAC
5.2 International Players
5.2.1 Dräger
5.2.2 Hill-Rom
5.2.3 Getinge (Maquet)
5.2.4 Mindray Medical
5.2.5 Mizuho OSI
5.2.6 Skytron
5.2.7 Steris
5.2.8 Stryker
5.3 Important Local Players
5.3.1 BenQ Medical Technology
5.3.2 Cognate India
5.3.3 Eschmann Equipment
5.3.4 Dr. Mach
5.3.5 OPT SurgiSystems
5.3.6 Nuvo Surgical
6 Market Outlooks
6.1 Market Drivers and Barriers
6.1.1 Driver: Rising Number of Surgeries
6.1.2 Driver: Growth of Ambulatory Surgical Centers
6.1.3 Driver: Medical Tourism in Emerging Markets
6.1.4 Driver: Operating Room Integration
6.1.5 Barrier: High Cost
6.1.6 Barrier: Cumbersome Maintenance
6.1.7 Barrier: Pre-existing Contracts with Major Manufacturers
6.1.8 Barrier: Surgeon Preference
6.2 Market Outlooks by Segment
6.2.1 Global
6.3 Market Outlooks by Geography
6.3.1 Global
6.3.2 US
6.3.3 5EU
6.3.4 APAC
6.3.5 South America (Brazil)
7 Appendix
7.1 Bibliography
7.2 Abbreviations
7.3 Methodology
7.3.1 Overview
7.3.2 Coverage
7.3.3 Secondary Research
7.4 Forecasting Methodology
7.5 About the Authors
7.5.1 Shashank Settipalli, Senior Analyst, Medical Devices
7.5.2 Linda Tian, MSc, Managing Analyst, Medical Devices
7.5.3 Tyler Fletcher, Global Head of Medical Devices
7.6 About
7.7 Disclaimer

1.1 List of Tables

Table 1: Dräger Company Profile
Table 2: Dräger SWOT Analysis, 2016
Table 3: Key Marketed Products from Dräger
Table 4: Hill-Rom Company Profile
Table 5: Hill-Rom SWOT Analysis, 2016
Table 6: Key Marketed Products from Hill-Rom
Table 7: Getinge Company Profile
Table 8: Getinge SWOT Analysis, 2016
Table 9: Key Marketed Products from Getinge
Table 10: Mindray Medical Company Profile
Table 11: Mindray Medical SWOT Analysis, 2016
Table 12: Key Marketed Products from Mindray Medical
Table 13: Mizuho Company Profile
Table 14: Mizuho SWOT Analysis, 2016
Table 15: Key Marketed Products from Mizuho OSI
Table 16: Skytron Company Profile
Table 17: Skytron SWOT Analysis, 2016
Table 18: Key Marketed Products from Skytron
Table 19: Steris Company Profile
Table 20: Steris SWOT Analysis, 2016
Table 21: Key Marketed Products from Steris
Table 22: Stryker Company Profile
Table 23: Stryker SWOT Analysis, 2016
Table 24: Key Marketed Products from Stryker
Table 25: BenQ Medical Technology Company Profile
Table 26: Key Marketed Products from BenQ
Table 27: Cognate India Company Profile
Table 28: Key Marketed Products from Cognate India
Table 29: Eschmann Equipment Company Profile
Table 30: Key Marketed Products from Eschmann Equipment
Table 31: Dr. Mach Company Profile
Table 32: Key Marketed Products from Dr. Mach
Table 33: OPT SurgiSystems Company Profile
Table 34: Key Marketed Products from OPT SurgiSystems
Table 35: Nuvo Company Profile
Table 36: Key Marketed Products from Nuvo Surgical
Table 37: Global Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 38: Global Market Value Forecast by Country for Operating Room Equipment, $m, 2014-2023
Table 39: US Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 40: 5EU Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 41: France Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 42: Germany Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 43: Italy Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 44: Spain Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 45: UK Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 46: Japan Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 47: China Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 48: India Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023
Table 49: Brazil Market Value Forecast by Segment for Operating Room Equipment, $m, 2014-2023

1.2 List of Figures

Figure 1: Global Company Market Share, 2016
Figure 2: US Company Market Share, 2016
Figure 3: 5EU Company Market Share, 2016
Figure 4: APAC Company Market Share, 2016
Figure 5: Global Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 6: Global Market Forecast for Operating Room Equipment by Country, 2014-2023
Figure 7: Global Market Share by Country, 2016 & 2023
Figure 8: US Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 9: 5EU Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 10: France Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 11: Germany Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 12: Italy Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 13: Spain Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 14: UK Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 15: Japan Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 16: China Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 17: India Market Forecast for Operating Room Equipment by Segment, 2014-2023
Figure 18: Brazil Market Forecast for Operating Room Equipment by Segment, 2014-2023
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BenQ Medical Technology
  • Dr. Mach
  • Eschmann Equipment
  • Hill-Rom
  • Mizuho OSI
  • OPT SurgiSystems
  • MORE
The global operating room (OR) equipment market, which covers OR tables, OR lights, and surgical boom units, is set to rise from just over $920 million in 2016 to around $1.1 billion by 2023, representing a compound annual growth rate of 2.6%, according to research.

The company’s latest report states that this modest growth can be attributed to rising numbers of surgical procedures in numerous specialties, rising numbers of laparoscopic and computer-assisted procedures, and increasing access to better surgical care.

Shashank Settipalli, the Analyst covering Medical Devices, explains: “The benefits of laparoscopic procedures over open surgeries are numerous, such as requiring smaller incisions and fewer stitches, quicker recovery times, and shorter hospital stays.

“As laparoscopic procedures continue to grow, OR equipment needs to provide the requisite access to more imaging machines, insufflation devices, and other pieces of peripheral equipment. The number of surgical booms per OR can be expected to increase to accommodate the increasing numbers of peripheral equipment needed for laparoscopic surgeries.”

In order to circumvent steep costs and bureaucratic red tape, citizens from developed nations sometimes travel to emerging countries to undergo medical procedures, further driving the OR equipment market. Hospitals in emerging countries, such as India, Brazil, Malaysia, and Mexico, offer cosmetic, dental, cardiovascular, orthopedic, and reproductive procedures at much lower costs.

Settipalli notes: “To serve the needs of incoming foreign visitors, hospitals in medical tourism destinations need to purchase the latest modern equipment typically found in the ORs of developed nations. The centers also need to stay competitive with each other to attract the most foreign customers, which can open the door for both international and local manufacturers to provide OR tables, lighting systems, overhead supply units, and integration solutions at advantageous prices.”

Despite these drivers, certain obstacles will keep growth modest over the forecast period, particularly the price of OR equipment. In order to cut costs, some health centers elect to delay buying new equipment or replacing aging units, and some hospitals are hesitant to adopt new equipment due to the growing desire to conserve dwindling budgets. On top of this, the need for extensive maintenance might prevent some hospital administrations purchasing new builds.

- Comments provided by Shashank Settipalli, the Analyst covering Medical Devices.
- Information based on the report: MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts.
- This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by a team of industry experts.
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  • Dräger
  • Hill-Rom
  • Getinge (Maquet)
  • Mindray Medical
  • Mizuho OSI
  • Skytron
  • Steris
  • Stryker
  • BenQ Medical Technology
  • Cognate India
  • Eschmann Equipment
  • Dr. Mach
  • OPT SurgiSystems
  • Nuvo Surgical
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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