Operating Room Equipment Market size is done based on a triangulation methodology that is primarily based on experimental modelling approaches such as patient-level data or disease epidemiology for any key indications , number of procedures and install base analysis for any equipment to obtain precise market estimations for the base year as well as in historic data analysis. Bottom-up approach is always used to obtain Operating Room Equipment insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Operating Room Equipment market and quantified with insightful rationale.
The Demand analysis of Operating Room Equipment Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Operating Room Equipment Market across the globe.
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What are the Growth Driving Factors of Operating Room Equipment Market?
- Growing need to provide better patient care system in a sterile environment across different healthcare units is one of the primary factors impacting the growth of operating room equipment market.
- Healthcare professionals and surgeons are increasingly demanding for operating rooms equipped with technically advanced devices that offer ease of handling and greater flexibility to ensure better operational efficiency and patient care. This, in turn, is likely to have a significant influence on the global operating room equipment market.
- Rise in the prevalence of pathological and physiological diseases has led to a surge in the number of surgical procedures. Moreover, minimally invasive surgeries are gaining pace among patients for their numerous benefits including minimal trauma, cost-effective procedures, and reduced hospital stays. All these factors increase the need to upgrade operating rooms with better and efficient equipment, which eventually is expected to contribute to the global expansion of operating room equipment market.
What are the Key Challenges in the Global Operating Room Equipment Market?
- Operating room equipment for use in surgical procedures are just one-time sales which may slowdown the overall market growth, making it difficult for manufacturers in operating room equipment industry to generate revenues and increase profits.
- High costs associated with operating room equipment are limiting their adoption, especially in low-income economies, creating a hindrance in the market growth.
- Although North America represents a strong outlook for operating room equipment market, unfavorable healthcare reforms in the United States will possibly pose as a potential threat to the market expansion.
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Key Parameters analyzed while estimating the Operating Room Equipment market include:
- To analyze Drugs/ Therapeutic Area in Operating Room Equipment :
Overall Population by age group/Prevalence or Incidence of any disease/Treatment Seeking Rate/Dosage pattern/Average duration of treatment/Overall treatment cost and Reimbursement are considered.
- To analyze Consumables of Operating Room Equipment:
Overall Population/Prevalence or Incidence of disease/treatment seeking rate/ average duration of the treatment/average number of devices used per patient / average number of procedure per device/ average selling price per device/reimbursement are considered.
- To analyze Operating Room Equipment Equipment:
Number of Healthcare facilities (Hospitals/Ambulatory Surgical Centers/Clinics etc.)
Average number of devices installed per facilities/ lifespan of the devices/replacement rate of the equipment/new sales of the equipment per year/average selling price per equipment are considered.
Operating Room Equipment Market – Competitive Landscape
- In March 2019, Getinge AB launched an updated version of its mechanical ventilator – Servo-u 4.0, with personalized lung protection and transpulmonary pressure monitoring functions to simplify complex procedures for clinicians and simultaneously make it safer for patients.
- In March 2019, Stryker Corporation completed its acquisitions of OrthoSpace, Ltd, a privately held Israel-based company. According to Stryker, the acquisition will be highly complementary to its existing portfolio and aligns with the company’s focus to invest in sports medicine.
- In December 2018, Steris Plc, a leading player in operating room equipment market, announced its targeted reconstructing plan, including the closure of two manufacturing facilities in England and Brazil and other actions. With reduced demand for certain products, the company aims to rationalize select product offerings and consolidate manufacturing of other products.
Other leading players in the operating room equipment market include Hill-Rom Holdings, Inc., General Electric Company, KARL STORZ GmbH & Co. KG, Mizuho OSI, Inc., Medtronic, plc, Koninklijke Philips N.V., and Dragerwerk AG & Co. KGaA.
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After reading the Market insights of Operating Room Equipment Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Operating Room Equipment market revenue.
- Study the growth outlook of Operating Room Equipment market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Operating Room Equipment market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Operating Room Equipment Market Players.
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How Fact.MR Assists in Making Strategic Moves For Operating Room Equipment Market Manufacturer?
- The data provided in the Operating Room Equipment market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
- The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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