Asia Pacific to Lead the Growth in Operating Room Equipments and Supplies Market: A Report
By apacciooutlook | Monday, December 03, 2018
FREMONT, CA: Gone are those days where patients waged unsuccessful war against diseases. With technological innovation on the rise, human life expectancy has increased over years. The latest report from Research and Markets sheds light on the growth of Operating room equipments and Supplies market. The report expects Asia Pacific to grow faster compared to other regions.
The growth of the overall Operating Room (OR) and supplies market can be attributed to the growing incidence of chronic diseases, increase in the number of surgical procedures, and rising geriatric population in recent times. In addition, governments across various countries are taking regulatory actions to fortify hospitals with the essential infection control standards to prevent the spread of HAIs (hospital-acquired infections), thus boosting the demand for operating room supplies.
The market is expected to witness the highest growth rate in the Asia-Pacific region. The growth in the region can be attributed to growing number of hospitalsin Asia, increasing 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, increasing medical tourism in Thailand and Singapore, and increasing government investments in Philippines among others.
Operating room supplies is expected to account for the largest share of the market in 2015 and is expected to register highest growth rate.
The report is segmented into the categories such as product, type and end user.
The market is categorized into operating room supplies and operating room equipment. The operating room supplies are estimated to account for the largest share of the global model market in the product segment.
On the basis of type, the operating room equipment market is segmented into Anesthesia Machines, Electrosurgical Units, Multi-parameter Patient Monitors, Surgical Imaging Device, Operating Tables, and Operating Room Lights. In 2015, Anesthesia Machines is expected to command the largest share of the global operating room equipment market, categorized in the segment by type.
The operating room supplies market is segmented into Surgical Instruments, Disposable Materials, Accessories, and Other OR Supplies. Other supplies include OR safety products, procedure trays & packs, kidney trays, table pads, circuits, and battery handles. In 2015, Surgical Instruments is expected to command the largest share of the global operating room supplies market, by type.
The market also covers operating room supplies and equipment on the basis of end user. This includes Hospitals, Outpatient Facilities, and Ambulatory Surgery Centers (ASCs). In 2015, Hospitals are expected to command the largest share of the global market by end user.