Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
    • DeviceTalks
    • Digital Editions
    • eBooks
    • Educational Assets
    • Manufacturer Search
    • Podcasts
    • Print Subscription
    • Webinars / Digital Events
    • Whitepapers
    • Voices
    • Video
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
    • 2021 Winners
  • Women in Medtech
  • Advertise
  • Subscribe

Operating room equipment market set to hit $1.1 billion by 2023

November 28, 2016 By Abigail Esposito

GlobalData

GlobalData’s latest report states that this modest growth can be attributed to rising numbers of surgical procedures in numerous specialties.

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.

“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,” said Shashank Settipalli, GlobalData’s Analyst covering medical devices.

“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,” said Settipalli. “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.

“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,” Settipalli said. “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.

GlobalData
globaldata.com

Related Articles Read More >

Big 100: Steris logo - Largest Medical Device Companies
Steris discloses pay for top executives and its median employee
This image shows the logo of AdvaMed and the flags of the United States, Switzerland and United Kingdom as AdvaMed works with fellow medtech trade associations at top trade partners to shield the medical device industry from global trade wars.
AdvaMed seeks closer medtech ties with top trading partners
This is the logo of Siemens Healthineers.
Siemens Healthineers reports higher pay for some executives, lower pay for others
Big 100: Henry Schein logo - Largest Medical Device Companies
Henry Schein discloses pay hikes for top leaders
“mdo
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest medical device business news, application and technology trends.

DeviceTalks Weekly

See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech100 Index
  • Medical Tubing + Extrusion
  • Medical Design Sourcing
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to our E-Newsletter
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2025 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
    • DeviceTalks
    • Digital Editions
    • eBooks
    • Educational Assets
    • Manufacturer Search
    • Podcasts
    • Print Subscription
    • Webinars / Digital Events
    • Whitepapers
    • Voices
    • Video
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
    • 2021 Winners
  • Women in Medtech
  • Advertise
  • Subscribe