Operating Room Equipment Market: Emerging Trends & Latest Medical Devices Research Date: 03-21-2017 05:24 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Medical Devices
Global Operating Room Equipment Market: Snapshot Operating rooms usually form the bulk of a hospital’s expenses. As such, the companies that provide operating room equipment can gain major revenues by providing for leading names in the healthcare industry. The operating room equipment companies are also becoming rapidly aware of the current market need for reducing costs of equipment to make the market more approachable, while consumers are showing a decline in healthcare expenditure, owing to rising costs and unfavorable healthcare policies and reimbursement schemes. For more info Get a copy of Sample Brochure : goo.gl/RGVhy9 The advent of hybrid operating rooms is also beneficial to the providers of operating room equipment. Hybrid operating rooms can lend more flexibility to the doctor and the patient as well. They also impart a better level of health safety to the patient and maintaining a high level of operational efficiency. As a result, the global operating room equipment market is progressing at a CAGR of 6.68% from 2015 to 2023. This market was valued at US$23 bn in 2014 and is expected to reach around US$42 bn before the end of 2023. Medical Tourism Creates High Demand for Operating Room Equipment in APAC The Asia Pacific sales of operating room equipment have been relatively lower than those in North America and Europe, but this is expected to change over the coming years. This regions is showing a high and optimistic scope for players to expand their portfolio, and one of the key reasons for this is the growth of medical tourism. Patients from developed economies preferring the cheaper medical practices in Asia Pacific have significantly improved the revenue stream of this region, providing a highly attractive market space for global and regional operating room equipment players alike. The current scope of providing operating room equipment lies in healthcare organizations in the Asia Pacific that offer surgical practices for joint replacement, cosmetics, dental procedures, and cardiac issues. The influx of revenue through medical tourism has also prompted the national governments to invest in this sector, improving the chances of operating room equipment players gaining a solid revenue stream. North America was the dominant region for operating room equipment revenue generation in 2014, followed by Europe. Both regions have consistently been at the top in terms of using modern medical concepts in advanced healthcare infrastructures. This has allowed key players from the region to put a greater focus on innovation and product improvements, further expanding the scope of revenue generation in these regions.
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