Albany, NY -- (ReleaseWire) -- 04/02/2014 -- Operating theatres, also referred to as operating rooms, are undergoing a transformation by adopting new designs, concepts and technologies. Operating room equipment lies at the heart of this transformation.
A new market research report published by Transparency Market Research, a U.S.-based market research firm, offers an analytical insight into the global market for operating room equipment. The report titled “Operating Room Equipment Market (Operating Tables, Operating Room Lights, Surgical Booms, Operating Room Integration Systems and Surgical Imaging Displays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," projects that the market will grow from being worth USD 2.67 billion in 2012 to an estimated worth of USD 4.05 billion by 2019. The market is predicted to demonstrate a compounded annual growth rate (CAGR) of 6.2% over the period of forecast.
The report discusses how and why operating rooms are witnessing a change, steadily moving from conventional equipment and techniques to state-of-the-art operating theatres that can be best described as ‘hybrid.’ This transformation has been crucial also because the operation theatre contributes a considerable share to the overall revenue generated by a hospital or healthcare facility. Besides providing better care for patients, it also helps surgeons achieve better efficiency and accuracy in critical surgical procedures.
The report features a detailed analysis of the various equipment that form an indispensible part of the operation theatre. These include: operating tables, surgical booms, integration systems for operating theatres, operation theatre lights, as well as imaging display systems and more. This report goes on to provide a detailed view of the market share and growth prospects of each equipment category.
The operating table, on which the patient is placed for the surgical procedure, is one of the most crucial equipment used in the operating theatre. The market for operating tables constituted the largest segment within the operating room equipment market, with a 30.6% revenue share worth USD 815.5 million.
However, the fastest growing segment within this segment is that of operating theatre integration systems and surgical booms. This growth is largely propelled by the growing demand for operating rooms that are hybrid and comprise equipment that offers better integration and space management.
The market research report also further evaluates the various factors that have pushed the demand for hybrid operating theatres, with a significant demand from the developed markets of Europe and North America.
The report also analyzes the impact of the growing geriatric population on the demand for operating theatre equipment. Given that those in the older age group are more prone to various health issues and are thus likely to need surgical procedures, the geriatric population would be responsible for the growth in demand for operating room equipment to some extent.
The report also discusses in detail the various market restraints that will hinder the ideal growth of the operating room equipment market. These include factors such as the high cost of technologically superior operating theatre equipment. Replacing old equipment would mean that healthcare facilities have to bear high costs for the same. While this might not be a major concern for large healthcare institutions, it certainly acts as a restraint for those healthcare providers that are budget conscious. The latter would then show an inclination towards purchasing operating room equipment that is either refurbished or used.
The market research report further analyzes the global market for operating room equipment by geography. Europe and North America constituted the largest markets, by region, in 2012. Since healthcare institutes in these regions already possess state-of-the-art equipment, the future focus will remain on upgrades and replacements—with a focus on automation—rather than equipping themselves from scratch.
On the other hand, growth in the Asia-Pacific region will show a steady growth trend owing to various factors such as: growth of the medical tourism industry, growing awareness pertaining to healthcare, and higher disposable incomes. The market research report also features a section dedicated to company profiles of leading market players.
To browse through the entire ToC or to purchase the report, please visit http://www.transparencymarketresearch.com.
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