PUBLISHER: Grand View Research | PRODUCT CODE: 1493268
PUBLISHER: Grand View Research | PRODUCT CODE: 1493268
U.S. Operating Room Equipment Market Size, Share & Trends Analysis Report By Product (Anesthesia, Endoscopes), By End-use (Hospitals And Clinics, Ambulatory Surgical Centers), And Segment Forecasts, 2024 - 2030
U.S. Operating Room Equipment Market Growth & Trends:
The U.S. operating room equipment market size is anticipated to reach USD 25.20 billion by 2030 and is projected to grow at a CAGR of 7.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of chronic diseases across the country, along with the rising number of hospitals and ambulatory surgery centers, is expected to accelerate the market growth.
The increase in chronic diseases among the adult population highlights the need for hospitals and operating rooms with adequate resources to address medical conditions such as heart disease, cancer, diabetes, and chronic kidney disease. Moreover, the rising preference for minimally invasive surgeries is likely to impact the market growth. These types of surgeries are proving beneficial to patients as they operate with less damage to the body with reduced complications, alleviating the pain. Cost-effectiveness and faster recovery times are the major advantages over traditional surgeries. Applications of artificial intelligence (AI) in surgical robots and devices are constantly emerging, disrupting existing industries and creating new ones in the market.
Furthermore, the number of hospitals and ambulatory surgical centers is rising across the country. For instance, according to the data published by Ambulatory Surgery Center Association, number of ambulatory surgery centers in US in 2022 was 6087, out of which California State has the highest number (848) followed by Florida state (468). The integration of advanced technology in operating room equipment proves to be beneficial in terms of improved patient outcomes, reduced complications, faster recovery times, cost-effectiveness, and enhanced surgeon experiences. In addition, operating room equipment is categorized under medical devices Class I, II, and III. Class I includes medical devices such as surgical tables, which pose minimal risk to patients. The operating room lamps are classified under the Class II type of medical devices. Thus, the operating room equipment is required to pass the U.S. FDA regulations before placing the equipment on the market.
U.S. Operating Room Equipment Market Report Highlights:
- Based on product, the anesthesia segment dominated the market with the largest revenue share of 29.8%. This is attributed to the rising number of surgical procedures.
- The endoscopes segment is anticipated to observe growth at the fastest CAGR of 8.1% over the forecast period. This is due to the increasing demand for endoscopic operations and the rising awareness regarding minimally invasive procedures.
- The hospitals and clinics segment held the largest market share in 2023 due to the growing disease burden.
- The ambulatory surgical centers segment is likely to grow at the fastest CAGR over the forecast period. This growth is expected to be driven by increasing geriatric population and growing disease burden.
- In October 2023, Getinge AB launched Maquet Corin, an operating room (OR) table that featured a simple interface for general as well as specialty surgeries, along with the installation of collision detectors and overload detectors.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. End-use
- 1.2.3. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Volume price analysis (Model 2)
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. End-use outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Operating Room Equipment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. U.S. Operating Room Equipment Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Operating Room Equipment Market: Product Estimates & Trend Analysis
- 4.1. Product Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. U.S. Operating Room Equipment Market by Product Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.4.1. Anesthesia
- 4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Endoscopes
- 4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Electrosurgical devices
- 4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Surgical imaging
- 4.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.5. OR tables
- 4.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.6. OR lights
- 4.4.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.7. Patient monitoring
- 4.4.7.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.8. Others
- 4.4.8.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.1. Anesthesia
Chapter 5. U.S. Operating Room Equipment Market: End-use Estimates & Trend Analysis
- 5.1. End-use Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. U.S. Operating Room Equipment Market by End-use Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.4.1. Hospitals and clinics
- 5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Ambulatory surgical centers
- 5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.1. Hospitals and clinics
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company/Competition Categorization
- 6.3. Vendor Landscape
- 6.3.1. List of key distributors and channel partners
- 6.3.2. Key customers
- 6.3.3. Key company heat map analysis, 2023
- 6.4. Company Profiles
- 6.4.1. Koninklijke Philips N.V
- 6.4.1.1. Company overview
- 6.4.1.2. Financial performance
- 6.4.1.3. Product benchmarking
- 6.4.1.4. Strategic initiatives
- 6.4.2. Medtronic
- 6.4.2.1. Company overview
- 6.4.2.2. Financial performance
- 6.4.2.3. Product benchmarking
- 6.4.2.4. Strategic initiatives
- 6.4.3. Getinge AB
- 6.4.3.1. Company overview
- 6.4.3.2. Financial performance
- 6.4.3.3. Product benchmarking
- 6.4.3.4. Strategic initiatives
- 6.4.4. Stryker Corporation
- 6.4.4.1. Company overview
- 6.4.4.2. Financial performance
- 6.4.4.3. Product benchmarking
- 6.4.4.4. Strategic initiatives
- 6.4.5. Siemens Healthineers AG
- 6.4.5.1. Company overview
- 6.4.5.2. Financial performance
- 6.4.5.3. Product benchmarking
- 6.4.5.4. Strategic initiatives
- 6.4.6. GE Healthcare
- 6.4.6.1. Company overview
- 6.4.6.2. Financial performance
- 6.4.6.3. Product benchmarking
- 6.4.6.4. Strategic initiatives
- 6.4.7. STERIS
- 6.4.7.1. Company overview
- 6.4.7.2. Financial performance
- 6.4.7.3. Product benchmarking
- 6.4.7.4. Strategic initiatives
- 6.4.8. Skytron, LLC
- 6.4.8.1. Company overview
- 6.4.8.2. Financial performance
- 6.4.8.3. Product benchmarking
- 6.4.8.4. Strategic initiatives
- 6.4.9. Dragerwerk AG & Co. KGaA
- 6.4.9.1. Company overview
- 6.4.9.2. Financial performance
- 6.4.9.3. Product benchmarking
- 6.4.9.4. Strategic initiatives
- 6.4.10. Baxter International Inc.
- 6.4.10.1. Company overview
- 6.4.10.2. Financial performance
- 6.4.10.3. Product benchmarking
- 6.4.10.4. Strategic initiatives
- 6.4.11. Olympus Corporation
- 6.4.11.1. Company overview
- 6.4.11.2. Financial performance
- 6.4.11.3. Product benchmarking
- 6.4.11.4. Strategic initiatives
- 6.4.1. Koninklijke Philips N.V
List of Tables
- Table 1. List of abbreviations
- Table 2. U.S. operating room equipment market, by product, 2018 - 2030 (USD Million)
- Table 3. U.S. operating room equipment market, by end-use 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 U.S. operating room equipment market: Market outlook
- Fig. 9 U.S. operating room equipment competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 U.S. operating room equipment market driver impact
- Fig. 14 U.S. operating room equipment market restraint impact
- Fig. 15 U.S. operating room equipment market: Product movement analysis
- Fig. 16 U.S. operating room equipment market: Product outlook and key takeaways
- Fig. 17 Anesthesia market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Endoscopes market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Electro surgical devices market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Surgical imaging market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 OR tables market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 22 OR lights market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Patient monitoring market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Others market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 U.S. operating room equipment market: End-use movement Analysis
- Fig. 26 U.S. operating room equipment market: End-use outlook and key takeaways
- Fig. 27 Hospitals & clinics market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Ambulatory surgical centers market estimates and forecasts, 2018 - 2030 (USD Million)
