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Base Year: 2024
Companies covered: 15
Tables & Figures: 120
Countries covered: 20
Pages: 130
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Operating Room Equipment Market
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Operating Room Equipment Market Size
The global operating room equipment market was valued at USD 42.7 billion in 2024 and is projected to exhibit 6.4% CAGR from 2025-2034. Operating room equipment includes all the vital tools, devices, systems, and infrastructure necessary for carrying out surgical procedures in a clean and controlled setting.
The rise in the prevalence of chronic diseases such as cardiovascular diseases, orthopedic diseases, and cancer has led to increased number of surgeries globally. According to the World Health Organization (WHO) statistics, cardiovascular diseases are among the leading cause of mortality, globally responsible for 17.9 million deaths per year. Cancer, as another example is rapidly growing and is predicted to rise by 77% by 2050 in comparison to 2020, according to WHO.
The overall volume of diseases affecting human beings creates large implications for introducing operating room technologies used by many hospitals, which is rapidly adopted to improve precision, safety, and efficiency under more complex surgical procedures, and the ongoing need for better health systems.
There has been a progression away from traditional surgery toward the adoption of imaging systems, integrated ORs, and robotic-assisted platforms that have changed surgical workflows. The Centers for Disease Control (CDC) has reported that minimally invasive surgeries will decrease length of stay by around 40% when done with an advanced imaging system and surgical robots, based on industry standard measures comparing these types of surgical techniques. These imaging technologies increase visualization, provide increased accuracy for the clinician, and decrease the invasiveness of surgery leading to shorter recovery times. The Global Surgery 2030 from the WHO noted the symmetry between the healthcare technology innovations and the advancement of surgical technology and universal health coverage.
Throughout Asia and the Pacific, Latin America, and some regions of the Middle East, governments and private healthcare providers are committing funds to modernization of hospitals and the development of new surgical centers. Data from the WHO indicates that 5 billion of the world population are without access to safe surgical care, indicating the growing demand for operating room equipment’s in low- and middle-income countries. The World Bank notes that the provision of essential surgical procedures could save an estimated 1.5 million lives a year in developing countries.
Operating Room Equipment Market Trends
Operating Room Equipment Market Analysis
Based on product type, the market is segmented into surgical instruments, anesthesia equipment, operating tables, operating room lights, electrosurgical units, patient monitoring systems, endoscopy equipment, and other product types. The patient monitoring systems segment dominated the market with the largest revenue share of 25.2% in 2024.
Based on application, the operating room equipment market is segmented into general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, gynecological surgery, ENT surgery, and other applications. The general surgery segment dominated the market with the largest revenue of USD 13.1 billion in 2024.
Based on end use, the operating room equipment market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and academic and research institutes. The hospitals segment dominated the market with a share of 65.2% in 2024.
The North America operating room equipment market was valued at USD 19.1 billion in 2024 and is expected to grow at a CAGR of 6.3% over the forecast period. The market is driven by the increasing incidence of chronic diseases and growing focus towards value based care in the region.
The U.S. market is projected to grow significantly from USD 17.4 billion in 2024 to USD 31.9 billion by 2034.
This advances early adoption of newer and innovative OR technologies in the U.S.
Europe operating room equipment market was valued at USD 10.8 billion in 2024 and is expected to grow at a CAGR of 6.1% over the forecast period.
The operating room equipment market in UK is expected to experience significant and promising growth from 2025 to 2034.
The Asia Pacific operating room equipment market is expected to grow at the fastest CAGR of 7.1% over the forecast period.
Japan operating room equipment market is anticipated to witness promising growth between 2025 – 2034.
Brazil operating room equipment market is anticipated to witness lucrative growth between 2025 – 2034.
The Saudi Arabia operating room equipment market in Middle East and Africa region is expected to experience significant growth during the forecast period.
Operating Room Equipment Market Share
The market has a dynamic mix of international and domestic players providing innovative solutions to meet the growing demand for advanced products for the growing patient population. Companies such as Medtronic, Johnson & Johnson, Stryker, Siemens Healthineers, and GE HealthCare are some of the dominant competitors in the market accounting for a combined market share of approximately 60%.
Competition in this area arises from continuous technological developments and the ability to offer customized solutions. In developing nations, due to the priority given to cost, multinational companies are squeezed to offer operating room equipment that are both affordable and of quality. Domestic manufacturers take advantage of this demand by providing cost effective alternatives, which make multinationals alter their price strategy while maintaining the safety, ruggedness, and regulatory acceptability of the products.
Operating Room Equipment Market Companies
Some of the eminent market participants operating in the operating room equipment industry include:
Operating Room Equipment Industry News:
The operating room equipment market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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By Product Type
By Application
By End Use
The above information is provided for the following regions and countries: