Global Operating Room Equipment and Supplies Market to Reach Valuation of US$ 47.7 billion by 2025



 The growing number of hospitals, increasing patient preference for minimally invasive surgeries, a growing number of regulatory approvals for operating room equipment, and a growing geriatric population coupled with the increasing number of surgeries are all factors contributing to the overall operating room equipment market's growth.

The operating room equipment & supplies market in Asia-Pacific is predicted to grow at the fastest rate in the coming years. A growing number of hospitals in Asia, a growing number of German-Asian partnerships in Asia, government initiatives to increase the number of doctors in China, Japan's growing healthcare industry, government funding in India, favorable healthcare system, and conferences in Australia and increasing medical tourism in Thailand and Singapore are all factors contributing to the region's rapid growth.

The operating room equipment and supplies market is expected to grow at a CAGR of 7.5% percent over the following five years, 2017 to US$ 47.7 billion in 2025. (2017 to 2025).

The operating room equipment market in North America is predicted to be the largest in the world. The market's prominence in North America can be attributable to hospital spending on operating room upgrades. The number of surgical operations is increasing. In the United States, the number of surgical procedures is expanding, the number of ambulatory surgery centers is growing, and the prevalence of the cardiovascular disease is rising. Rising public and private investments, the installation of a new funding model for Canadian hospitals, and conferences on operating room equipment and supplies are all driving market expansion in Canada.

In 2015, operating room supplies are predicted to account for the biggest proportion of the market and increase at the fastest rate. The fastest-growing segment of the operating room equipment market is a chronic disease, which is driven by an increase in the number of surgical procedures and a growing geriatric population. Furthermore, governments around the world are enacting regulations to ensure that hospitals have the necessary infection control standards in the place to avoid the spread of HAIs (hospital-acquired infections), which is driving increasing demand for operating room supplies.

STERIS Corporation (United States), Getinge Group (Sweden), Stryker Corporation (United States), Hill-Rom Holdings, Inc. (United States), Drägerwerk AG & Co. KGaA (Dräger) (Germany), GE Healthcare (United Kingdom), Mizuho OSI (United States), Philips Healthcare (The Netherlands), Medtronic, Inc. (Ireland), and KARL STORZ

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