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(Medical-NewsWire.com, December 06, 2018 ) 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). In coming years, operating room equipment & supplies market is expected to witness highest growth rate in Asian region, with emphasis on India, China, and Japan.
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Operating rooms around globe are rapidly transforming from conventional to hybrid state-of-the-art operation theatres. On other hand, factors like high cost of operating room equipment & unfavorable healthcare reforms in U.S. are likely to restrain market to some extent.
Operating room supplies is expected to account for the largest share of the market in 2015 and is expected to register highest growth rate. The highest growth rate of operating room supplies market can be attributed to the growing incidence of chronic diseases, increase in the number of surgical procedures, and rising geriatric population.
These faedscilities use advanced equipment and supplies that enable surgeons to perform procedures with higher precision and ease. Increasing preference and demand for minimally invasive procedures across globe have also transformed surgical procedures.
Stakeholders of the Market
• Healthcare Service Providers
• Market Research and Consulting Firms
• Health Insurance Players
• Teaching Hospitals and Academic Medical Centers (AMCs)
• Original Equipment Manufacturing Companies
• Manufacturers of Operating Room Equipment & Supplies
• Distributors of Operating Room Equipment & Supplies
• Medical Research Institutes
• Venture Capitalists
• Community Centers
• Regulatory Bodies
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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 & supplies market.
Key players in operating room equipment & supplies market are STERIS Corporation (U.S.), Getinge Group (Sweden), Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Dräger) (Germany), GE Healthcare (U.K.), Mizuho OSI (U.S.), Philips Healthcare (The Netherlands), Medtronic, Inc. (Ireland), and KARL STORZ GmbH & Co. KG (Germany).
More Information on “Operating Room Equipment & Supplies Market by Equipment (Anesthesia Machines, Operating Tables), by Supplies (Surgical Instruments, Disposable Materials), & by End-User (Hospitals, Outpatient Facilities) - Analysis & Global Forecast to 2020” research report can be requested at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=467989 .
High growth in India & China can be attributed to the growing number of hospitals, increasing number of German-Asian partnerships, government initiatives to increase 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 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, byproduct, 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
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Source: EmailWire.Com 
Source: EmailWire.com
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