• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Operating Room Equipment Market to Reach $1.1B by 2023

by HITC Staff 11/23/2016 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Operating Room Equipment Market to Reach $1.1B by 2023

The global operating room (OR) equipment market, which covers OR tables, OR lights, and surgical boom units, is set to rise from just over $920 million in 2016 to around $1.1 billion by 2023, representing a compound annual growth rate of 2.6%, according to research and consulting firm GlobalData.

The company’s latest report states that this modest growth can be attributed to rising numbers of surgical procedures in numerous specialties, rising numbers of laparoscopic and computer-assisted procedures, and increasing access to better surgical care.

Shashank Settipalli, GlobalData’s Analyst covering Medical Devices, 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.

“As laparoscopic procedures continue to grow, OR equipment needs to provide the requisite access to more imaging machines, insufflation devices, and other pieces of peripheral equipment. The number of surgical booms per OR can be expected to increase to accommodate the increasing numbers of peripheral equipment needed for laparoscopic surgeries.”

In order to circumvent steep costs and bureaucratic red tape, citizens from developed nations sometimes travel to emerging countries to undergo medical procedures, further driving the OR equipment market. Hospitals in emerging countries, such as India, Brazil, Malaysia, and Mexico, offer cosmetic, dental, cardiovascular, orthopedic, and reproductive procedures at much lower costs.

Settipalli notes: “To serve the needs of incoming foreign visitors, hospitals in medical tourism destinations need to purchase the latest modern equipment typically found in the ORs of developed nations. The centers also need to stay competitive with each other to attract the most foreign customers, which can open the door for both international and local manufacturers to provide OR tables, lighting systems, overhead supply units, and integration solutions at advantageous prices.”

Despite these drivers, certain obstacles will keep growth modest over the forecast period, particularly the price of OR equipment. In order to cut costs, some health centers elect to delay buying new equipment or replacing aging units, and some hospitals are hesitant to adopt new equipment due to the growing desire to conserve dwindling budgets. On top of this, the need for extensive maintenance might prevent some hospital administrations purchasing new builds.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Interview

Reach7 Diabetes Studios Founder Chun Yong on Reimagining Chronic Care with a Concierge Medical Model

Most-Read

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Oracle Health Launches AI Center of Excellence for Healthcare

Oracle Health Launches AI Center of Excellence for Healthcare

Particle Health Addresses Integration to Epic Data Despite Dispute

US Court Allows Particle’s Antitrust Claims Against Epic to Proceed

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Evernorth Health Services Invests $3.5B in Shields Health Solutions

Evernorth Health Services Invests $3.5B in Shields Health Solutions

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

M&A:Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

Femtech: Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |