Due to advances in surgical technology, rising surgical procedures, and chronic disease cases across the globe, the global operating room equipment and supplies market is experiencing tremendous growth. Key products that fall into this category include anesthesia machines, surgical tables, operating lights, surgical booms and consumables such as drapes and gloves.
Minimally invasive surgeries have had an even larger effect, necessitating sophisticated operating room setups as well as equipment. Robot-assisted surgery and advanced imaging technologies further drive market expansion.
North America has a prominent market share due to the advanced infrastructure of healthcare and high expenditure on healthcare. It is followed by Europe, owing to robust healthcare systems and strong technological adoption. On the other hand, certainly, Asia-Pacific would be the region growing at the fastest rate the rapidly expanding healthcare facilities, upgrading medical infrastructure, and rising healthcare investments drive growth in countries like China and India.
Even though certain factors, such as high costs of advanced equipment and rigid regulatory frameworks, may pose some challenges to the market growth, the overall outlook found is positive, with continuous advancements and increasing healthcare demands.
The global Operating Room Equipment & Supplies Market is witnessing tremendous expansion due to technological innovations in medical devices. Robotic-assisted surgery systems, minimally invasive equipment and advanced monitoring devices are revolutionizing surgical outcomes while helping hospitals and surgical centers optimize their operating rooms for safer, more efficient surgery procedures.
As more surgeries take place worldwide, demand for operating room equipment continues to surge. Factors like an aging population and chronic disease rates drive this demand further, encouraging healthcare providers to invest in state-of-the-art equipment for improved patient care and recovery.
As ASCs focus on outpatient procedures, requiring compact yet high-performance equipment, this trend towards outpatient care should only continue boosting demand for operating room supplies and equipment.
In 2023, over 80 million surgeries were performed worldwide with projections showing an exponential rise over time. Within the United States alone, over 50 million surgeries are conducted annually with 5 million outpatient procedures taking place annually - prompting demand for advanced operating room equipment such as surgical instruments and monitoring systems to keep up with this increase in procedures.
The US Operating Room Equipment & Supplies Market
The US Operating Room Equipment & Supplies Market is projected to be valued at
USD 17.0 billion in 2024. It is expected to witness subsequent growth in the upcoming period as it holds
USD 31.8 billion in 2033 at a
CAGR of 7.2%.
The U.S. operating room equipment and supplies market is on a steady growth path, powered by technological innovation, aging populations, and an increasing number of surgeries. Key trends being adopted are minimally invasive and robotically assisted surgeries, these need more advanced equipment and supplies.
The market opportunities created are driven by the demand for high-precision surgical instruments and integrated operating room systems to bring about efficiency in performance and improved patient outcomes. Also, rising outpatient surgical centers will further increase the market due to these facilities needing to be fully equipped with state-of-the-art devices to lure patients seeking less invasive procedures.
Developments in the market are marked by innovations in imaging technologies, for instance, intraoperative imaging systems used to create real-time visualization during surgeries for greater understanding at a quicker rate, reducing risks, and improving accuracy. Stryker, Medtronic, and Hill-Rom are leading this market, originating continuous product innovation and strategic partnerships.
Furthermore, growing infection control concerns are raising awareness of disposables in surgical supplies and advanced sterilization equipment. Still, amid high costs and a regulatory environment, the U.S. market shows buoyancy as there are continued investments in healthcare infrastructure and technology.
Key Takeaways
- Market Value: The global operating room equipment & supplies market size is estimated to have a value of USD 52.8 billion in 2024 and is expected to reach USD 102.7 billion by the end of 2033.
- The US Market Value: The US Operating Room Equipment & Supplies market is projected to be valued at USD 17.0 billion in 2024 which is further expected to reach USD 31.8 billion in 2033 at a CAGR of 7.2%.
- Regional Analysis: North America is expected to have the largest market share in the Global Operating Room Equipment & Supplies Market with a share of about 38.2% in 2024.
- Global Growth Rate: The market is growing at a CAGR of 7.7 percent over the forecasted period.
Use Cases
- Minimally Invasive Surgeries: The advanced operation equipment is top-notch in its area, which allows patients to undertake procedures that are more precise and less invasive, thus reducing the time required to heal.
- Robotic-Assisted Surgery: On the part of a surgeon, robotic systems improve precision, control, and flexibility, therefore, this leads to surgical accuracy, and complications are significantly reduced.
- Integrated operating rooms: Integrated ORs combine various technologies, to communicate and coordinate seamlessly, enhancing surgical efficiency and patient safety.
- Intra-Operative Imaging: Real-time imaging technology can be a major concern during any surgery, whereby the imaging provides critical information in procedures that help surgeons make decisions regarding the operation in real-time.
Market Dynamic
Trends
Adoption of Advanced Technologies
The adoption of advanced technologies in the operating room equipment market around the world is burgeoning. With increasing precision in delivering quality results, robotic-assisted surgery is on the rise. The systems enable doctors to execute complex procedures with increased accuracy and clarity, achieving better patient outcomes with faster patient discharge.
Furthermore, operating room systems are integrating artificial intelligence and
machine learning technologies to further enhance the present functionalities available in the system to make the workflow highly optimized for providing better decision-making during surgeries and hence enhancing the overall performance of surgery.
Integration of Hybrid Operating Rooms
Another key trend is the incorporation of hybrid operating rooms that integrate the potential for surgery and imaging within one room. This setup allows in-surgery imaging so that the rate of accuracy becomes high and there remains practically no need for re-surgery.
Hybrid operating rooms see special applications in complex surgeries, particularly cardiovascular and neurosurgeries, in which the level of accurate imaging required to ensure effective outcomes is very high. The burst creation of the hybrid operating room is directly proportional to the requirement of a more pragmatic and flexible surgical environment.
Growth Drivers
Growth in Surgical Procedures
The growth in the number of surgical procedures has been an important driving factor in this market. The two leading causes are the increase in the number of chronic diseases such as cardiovascular diseases,
cancer, and diabetes that mostly require or involve some form of surgical intervention, and the increase in the aging population, which leads to more age-related conditions and, consequently, more surgeries. The rising demand is based on the number of people who will need surgical interventions, which is ever-increasing.
Rising Healthcare Spending
Indeed, an increase in healthcare spending has been a significant driving factor of growth in the global operating room equipment market. Governments and private sectors significantly invest in the health infrastructure in accordance with the modernization of operating rooms to better healthcare outcomes and increase demand for surgical procedures.
For instance, investment has mainly been observed in North Аmеriса аnd Europe including many developing countries now more focused on
healthcare innovation and quality improvement which drive the growth of this market. High investments enable the acquisition of the expansive surgical equipment resulting in the development of the market.
Growth Opportunities
Emerging Markets
Emerging markets, mostly in the Asia Pacific and Latin American regions, provide a good opportunity for growth from a worldwide operating room equipment market. The regions are growing remarkably in terms of economy and health infrastructure. Rapid healthcare awareness and growing government initiatives towards the improvement of access to good healthcare are fueling the demand for sophisticated surgical equipment.
Companies entering in this market to exploit the previously untapped demand with their strategy can manage to leverage it and grab further global opportunities to expand, leveraging this inflection in health ED and surging surgeries.
Innovations in Technology
Numerous technological advancements continue to be developed in surgical apparatuses and procedures, providing significant growth opportunities. Technological advancements, therefore, including robotic surgery and 3D imaging, present opportunities for undertaking precise and efficient surgical procedures.
Indeed, companies that invest massively in research and development to come up with innovative products are well-placed for competition in the market to capture sizable revenues. In addition to improving surgical outcomes, technological gains address the increasing demand for minimally invasive procedures that further fuel market assimilation.
Restraints
High Costs of Advanced Equipment
The large costs involved in buying high-end surgical equipment are one of the major challenges to the global operating room equipment market. Small and medium healthcare facilities, especially in developing regions, might find it hard to make such huge investments. In developing regions, especially in cost-sensitive markets, the financial burden of purchasing and subsequent maintenance of advanced equipment may prove to be quite costly.
Stringent Regulatory Requirements
The allowance and use of devices in the medical principle are largely described within a rigorous regulatory condition, acting as a dominant rein as well. The cycle from product generation to market availability can, therefore, be rather high-swung, since there is intensive and elaborate clinical testing, and observance of a myriad of international standards and provisions before the authority in question.
Such testing can delay the entry of new products into the market and increase development costs. Second, even compliance with evolving regulatory change is hard for each firm and hardest for companies having multi-regional operations that may necessitate different needs. Such challenges can set back market growth and innovation.
Research Scope and Analysis
By Equipment
The anesthesia machines are projected to dominate the equipment segment in the global operating room equipment and supplies market as it holds 36.0% of market share in 2024. The anesthesia machine is, therefore, a vital machine that determines the predominance of the operating room equipment market.
It ensures the patient safety and brings in the delivery of anesthesia with precision and control for maintaining the proper depth required at different stages of surgery. The machines are also increasingly sophisticated with features like inbuilt monitoring systems that update information on patient vitals and anesthesia levels uninterruptedly. These innovations in safety and effectiveness of surgeries make the anesthesia machines an operating room necessity.
Growing cases of surgeries that involve general anesthesia also promote the dominance of anesthesia machines. These machines are in high demand for complex surgeries and routine operations. Additionally, the increase in chronic diseases and the increase in the aging population boost the number of surgical procedures, hence increasing the demand for anesthesia machines.
Besides, advancements in technology portable and integrated anesthesia workstations permit high flexibility and functionality to fit into the various settings of surgery. These make anesthesia machines easier and more adaptable for use, thus holding their sway over the global operating room equipment market. Continuous improvements and the absolute necessity of anesthesia during surgeries set anesthesia machines on a course to continue at the forefront of the market.
By Supplies
Operating supplies is projected to dominate the general supplies segment in an operating room due to their core role, which is central to every surgical procedure. The basic needs include scalpels, forceps, scissors, clamps, and hemostats basic tools integral to any surgery. Each of these tools is required in a sequence of surgeries, from incision to tissue manipulation, which cannot be conducted in the absence of anyone.
It is obvious that surgical supplies will always be in great demand, as they are single-use entities and methods for ensuring sterility and as little risk of infection as possible. This prerequisite for maintaining hygiene standards drives continuous consumption and subsequent replacement in this regard. Another reason boosting demand for surgical supplies is an amplified number of operations across the globe on the back of a growing burden of chronic diseases and the aged population.
Other factors that have helped the domination of these supplies include improvements in design and material used for making surgical supplies and technological advancements. With every new innovation and advancement made to the functionality, durability, and safety of hand instruments, they become more efficient and reliable for surgeons. Additionally, trends toward minimally invasive surgeries are changing the need for specialized surgical supplies designed for this kind of surgery.
The critical nature of surgical supplies in successful surgical outcomes, combined with the fact that they are not reusable, therefore generating constant demand, makes them the dominant segment for operating room supplies.
By End User
Hospitals are projected to dominate the operating room equipment and supplies market in 2024. This is attributed to the fully equipped surgical facilities of this segment, along with a higher volume of patients compared to other health centers. As every hospital is considered the main prime center for major and emergency surgeries, these settings will require advanced operating room equipment and supplies for a number of surgical procedures. This demands heavy investment in high-end and innovative equipment, thus making hospitals the largest market segment.
The arrival of patients in hospitals with different diseases and disorders, asking for emergency and serious cases, is what assures surgical interventions are needed uninterruptedly. Such a large patient volume would necessitate well-equipped operation theaters furnished with sophisticated anesthesia machines, operation tables, and imaging instruments, further strengthening the stronghold held by hospitals in the market.
Moreover, hospitals are equipped with larger budgets to spend on state-of-the-art healthcare infrastructure within an operating room. On the other hand, they achieve economies of scale, due to which bulk procurement of equipment is possible at competitive prices. Special, dedicated surgical departments in a hospital, like cardiovascular, orthopedic, and neurosurgical units, additionally keep up the demand for specialized equipment and supplies.
Hence, in a nutshell, this makes hospitals the biggest end-use segment in the global operating room equipment market, considering their leading role in offering comprehensive surgical care to patients and considerable patient pool with financial capacity.
The Operating Room Equipment & Supplies Market Report is segmented on the basis of the following:
By Equipment
• Anesthesia Machines
- General Anesthesia Machines
- Portable Anesthesia Machines
- Integrated Anesthesia Workstations
• Endoscopes
- Capsule Endoscopes
- Disposable Endoscopes
- Robotic Endoscopes
- Video Endoscopes
• Electro Surgical Devices
- Electrosurgical Generators
- Electrosurgical Instruments & Accessories
- Bipolar Electrosurgical Devices
- Monopolar Electrosurgical Devices
• Surgical Imaging Devices
- Mobile C-Arms
- Mini C-Arms
- Fluoroscopy Systems
- Surgical Microscopes
- Intraoperative MRI
- Intraoperative CT
• Operating Tables
- General Operating Tables
- Specialty Operating Tables
• Operating Lights
- LED Operating Lights
- Halogen Operating Lights
- Examination Lights
- Ceiling-Mounted Lights
- Mobile Operating Lights
- Wall-Mounted Lights
• Other Equipment
By Supplies
• Surgical Supplies
- Scalpels & Blades
- Forceps
- Scissors
- Clamps & Hemostats
- Needle Holders
- Suction Tubes
• Anesthesia Supplies
- Anesthesia Masks
- Breathing Circuits
- Laryngoscopes
- Endotracheal Tubes
- Anesthesia Circuits
• Disposable Materials
- Surgical Drapes
- Surgical Gowns
- Surgical Gloves
- Sterilization Wraps
- Disposable Face Masks
- Surgical Sponges
• Other Supplies
By End User
• Hospitals
• Outpatient Facilities
• Ambulatory Surgery Centers
Regional Analysis
It is projected that the North American region is likely to dominate the global operating room equipment market in the near future as it hold 38.2% of market share in 2024. The chief factors driving growth in this region are advanced healthcare infrastructure, coupled with well-equipped hospitals and other healthcare facilities.
This kind of robust infrastructure, therefore, does support the most recent adoption of operating room technologies, such as robotic-assisted surgery devices and integrated operating rooms, related to populating trends within North American healthcare institutions.
Second, high expenditures in healthcare in North America drive investments in both the public and private domains. Huge spending on healthcare is exhibited by governments and private entities in the United States and Canada, thus enabling hospitals and surgical centers to afford advanced and new operating room equipment. This enables continuous upgrading of surgical facilities to remain at the top in the competitive run.
The swelling prevalence of chronic diseases and the rising aging population of North America also foster demand for surgical procedures. Diseases, such as cardiovascular, cancer, and orthopedic diseases, need surgical treatment; hence, it increases the demand for advanced operating room equipment. Moreover, innovation and research in North America in the area of medical technology support the development and early adoption of advanced
surgical instruments and devices.
The combination of advanced healthcare infrastructure, high expenditure on healthcare, high prevalence of various diseases, and strong technological innovation together place North America as the leading region in the global operating room equipment market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global operating room equipment market is characterized by the presence of several key players who dominate the market through product innovation, strategic partnerships, and mergers and acquisitions. Leading companies such as Stryker Corporation, Medtronic, Hill-Rom Holdings, and Getinge AB are at the forefront, continuously introducing advanced surgical technologies and expanding their product portfolios to maintain a competitive edge.
These market leaders focus on enhancing their product offerings by integrating the latest technological advancements, such as robotic-assisted surgery systems and hybrid operating rooms, to meet the evolving demands of healthcare providers. Their extensive distribution networks and strong customer relationships enable them to maintain a significant market share and reach a wide range of healthcare facilities globally.
Strategic collaborations and acquisitions are also common strategies employed by these companies to strengthen their market position. By partnering with other medical technology firms and acquiring complementary businesses, they can broaden their capabilities and enter new markets. This approach not only diversifies their product lines but also enhances their competitive advantage.
Overall, the competitive landscape of the operating room equipment market is defined by the dominance of a few key players who leverage innovation, strategic partnerships, and acquisitions to maintain their leadership and drive market growth.
Some of the prominent players in the Global Operating Room Equipment & Supplies Market are:
- Koninklijke Philips N.V
- Medtronic
- Getinge AB
- Stryker Corporation
- Siemens Healthineers AG
- GE HealthCare
- Steris
- Skytron, LLC
- Drägerwerk AG & Co. KGaA,
- Baxter International Inc.
- Other Key Players
Recent Developments
- June 2024: Stryker Corporation launched an advanced version of its Mako robotic-arm assisted surgery system, enhancing precision in joint replacements with improved robotic arm capabilities and software updates for better surgical accuracy and patient outcomes.
- May 2024: Medtronic introduced an AI-powered surgical imaging system that provides real-time visualization and analytics during surgeries, aiming to improve precision, reduce complications, and enhance patient safety.
- April 2024: Hill-Rom Holdings acquired a startup specializing in smart surgical tools, integrating innovative technologies such as smart sensors into its instruments to enhance functionality and efficiency during surgeries.
- March 2024: Getinge AB partnered with a medical software company to develop integrated operating room solutions that streamline workflows, enhance communication, and optimize operating room utilization.
- February 2024: Intuitive Surgical released an upgraded da Vinci surgical system with enhanced robotic arms and an improved user interface, offering greater dexterity and control for minimally invasive surgeries.
- January 2024: Olympus Corporation launched a new series of disposable endoscopes to reduce infection risks and improve patient safety, offering high-quality imaging for various procedures.
- December 202: Zimmer Biomet introduced a new surgical navigation system for orthopedic procedures, providing real-time, 3D visualization and precise tracking to improve surgical accuracy and outcomes.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 52.8 Bn |
| Forecast Value (2033) |
USD 102.7 Bn |
| CAGR (2024-2033) |
7.7% |
| Historical Data |
2018 – 2023 |
| The US Market Size (2024) |
USD 17.0 Bn |
| Forecast Data |
2025 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Equipment (Anesthesia Machines, Endoscopes, Electro Surgical Devices, Surgical Imaging Devices, Operating Tables, Operating Lights, and Other Equipment), By Supplies (Anesthesia Supplies, Surgical Supplies, Disposable Materials, and Other Supplies), By End User (Hospitals, Outpatient Facilities, and Ambulatory Surgery Centers) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Koninklijke Philips N.V, Medtronic, Getinge AB, Stryker Corporation, Siemens Healthineers AG, GE HealthCare, Steris, Skytron LLC, Drägerwerk AG & Co. KGaA, Baxter International Inc., and Other Key Players |
| Purchase Options |
HVMN Inc., Thync Global Inc., Apple Inc., Fitbit Inc., TrackmyStack, OsteoStrong, The ODIN, Thriveport LLC, Muse, Moodmetric, and Other Key Players |