The operating room equipment market consists of sales of operating room equipment and related services. Operating room equipment is used during surgery and includes surgical beds, operating tables, operating table accessories, operating room lights, operating room integration systems and equipment management systems.
The global operating room equipment market is expected to grow from $7.9 billion in 2019 to $10.8 billion in 2020 at a compound annual growth rate (CAGR) of 35.8%. The growth is mainly due to the COVID-19 outbreak and the surge in demand for hospitals supplies including personal protective equipment, surgical supplies, sterilization equipment, disinfectants and hospital beds, among others. With the increasing number of cases, hospitals are flooded with COVID-19 positive patients. In order to meet demand and address the supply shortage concerns, most of the hospitals have also suspended the non-urgent medical procedures. The market is then expected to grow at a CAGR of 3.8% from 2021 and reach $11.7 billion in 2023.
