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MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts

MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts

  • November 2016
  • 78 pages
  • ID: 4697521
  • Format: PDF
  • By GlobalData

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MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts

Summary

Operating Room Equipment market, as defined, comprises OR tables, OR lights and surgical boom units. OR tables are absolute requirements in any functioning hospital that provides surgical services, occupy a large portion of the global OR equipment business. OR tables which are broadly divided into manual and powered categories have seen dwindling sales of manual tables outside of the emerging markets. On the other hand, the use of powered tables continues to expand across the globe.

The global OR equipment market was valued at USD924.7m in 2016 and is seen expanding at a Compound Annual Growth Rate (CAGR) of 2.6% to reach USD1.1 Billion by 2023, representing a compound annual growth rate of 2.6%.

The key drivers of this market include -
- Rising numbers of surgical procedures in numerous specialties.
- Rising numbers of laparoscopic and computer-assisted procedures.
- Increasing access to better surgical care.

Maquet Getinge, Steris, and Stryker are the key players in the international OR equipment space. These companies have maintained success by making important acquisitions, establishing beneficial partnerships, and providing a comprehensive portfolio of prominent brands to their customers. Other international manufacturers, such as Hill-Rom, Skytron, and Dräger, have also played an impactful role in the business. In addition, small, local firms marketing cost-friendly OR equipment options have thrived in emerging markets.

According to Shashank Settipalli, Medical Equipment Research Analyst explains: “The benefits of laparoscopic procedures over open surgeries are numerous, such as requiring smaller incisions and fewer stitches, quicker recovery times, and shorter hospital stays.
It is expected that, the global OR equipment market to steadily flourish to address rising volumes of surgeries in various specialties. Emerging markets, such as China, India, and Brazil, are expected to see especially high growth. In developed markets, the expansion of laparoscopic surgery, robotic surgery, and the increasing integration of OR equipment will continue to fuel market expansion. However, high costs, surgeon preference, and burdensome maintenance issues prevent wider adoption in some markets.

The report “MediPoint: Operating Room Equipment - Global Analysis and Market Forecasts” provides detailed overview of the major brands of OR tables, OR lights, and surgical booms in the market.

In particular, this report provides the following -
- Provides the total market revenue by segment and market outlooks by country through 2023.
- Provides detailed analysis of strategic competitive assessment, market characterization, and identification of unmet needs, evaluating market access, and implications of the emerging technologies on the market.
- Analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges.

Companies mentioned in this report: Draeger, Hill-Rom, Maquet Getinge, Mindray Medical, Mizuho OSI, Skytron, Steris, Stryker, BenQ Medical, Cognate India, Eschmann, Dr. Mach, OPT SurgiSystems, Nuvo Surgical.

Highlights

Key Questions Answered

- What is the current and future OR Equipment market outlook in the developed and emerging markets? What trends are affecting the global market?
- Which are the key, high growth sectors of interest? Which markets segments are growing the fastest?
- What are the unmet needs with brands currently on the market? How will future developments fulfill these unmet needs?
- What are the challenges that have hindered widespread adoption?
- How will emerging trends and changing market landscapes affect the future of this space?

Key Findings

- Emerging economies are seeing the highest growth in the global OR equipment market.
- OR tables make up the largest portion of the OR equipment market as defined in our taxonomy
- The most successful firms involved are providing comprehensive portfolios, undertaking key M&A’s, fostering innovation, and wisely offering cost-saving bundling contracts to hospitals.
- Rising numbers of different surgical procedures are the primary drivers of the OR equipment market. Despite respectable adoption, unmet needs and non-clinical barriers remain a challenge.

Scope

- Overview of the major brands of OR tables, OR lights, and surgical booms in the market
- Annualized total market revenue by segment and market outlooks by country through 2023
- Key topics covered include strategic competitive assessment, market characterization, identification of unmet needs, evaluating market access, and implications of the emerging technologies on the market.
- Analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

Reasons to buy

The report will enable you to -
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the global market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific markets from 2014-2023.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

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