Operating Room Equipment & Supplies Market |Analysis, Trends, New Business Opportunities
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). The growth of the overall operating room equipment market can be attributed to the growing investments, funds, and grants by government bodies worldwide, rising number of hospitals, increasing patient preference for minimally invasive surgeries, growing number of regulatory approvals for operating room equipment, and growing number of geriatric population coupled with the increasing number of surgeries globally.
North America is expected to account for the largest share
of the global operating room equipment market. North America’s leadership in
the market can be 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.
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Key Market Players:
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