The operating room equipment & supplies market is projected to reach $ 29.15 billion by 2020 from $ 24.31 billion at a CAGR of 3.7% in upcoming years
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The growth of the operating room equipment & supplies market is driven by the rise in aging population and the rising prevalence of cardiovascular diseases. 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.
“North America is expected to account for the largest share of the global 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.
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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 equipment & supplies market.
After North America- Europe and Asia Pacific shows the highest growth in operating room equipment & supplies market. 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.
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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
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