Healtcare Operating Room Equipment and Supplies Market | Page 2

operating rooms equipped with various complex surgical equipment products ranging from
operating room lighting to patient monitoring devices. For instance, according to the American
Society of Plastic Surgeons (ASPS): 2016-annual plastic surgery procedural statistics, around 15.9
million surgical and minimally-invasive cosmetic procedures were performed in the U.S. in 2015,
with 2% increase over 2014. In addition to this, increasing national healthcare expenditure by
various governments is expected to drive growth of the operating room equipment and supplies
market. For instance, according to the Centers for Medicare & Medicaid Services (CMS): 2016-
Research Statistics Data and Systems, retail spending for non-durable medical products such as
medical instruments and surgical dressings increased by 4.4% to US$ 62.2 trillion in the U.S. in
2016. Moreover, hospital care spending accounted for around 32% of the total healthcare spending
in the U.S., which exhibited an increase of 4.7% to reach US$ 1.1 trillion in 2016, over the prior
year (2015)
Rising number of surgical procedures and interventions is expected to augment growth of the
operating room equipment and supplies market over the forecast period
Rising number of surgical procedures across the globe is expected to drive growth of the operating
room equipment and supplies market. For instance, in 2015, 1.36 million caesarean procedures were
performed in the European countries, which includes over 220 thousand caesarean section
procedures in Germany, around 200 thousand in the U.K., and over 170 thousand in Italy.
Moreover, according to the German Heart Surgery Report 2016, there were 103,128 heart surgery
procedures reported in the German Society for Thoracic and Cardiovascular Surgery (GSTCVS)
registry. Around 33,451 isolated heart valve procedures including 11,701 catheter-based procedures
with an in-hospital mortality of 4.3% were reported. In addition to this, among the total heart
surgery procedures conducted, around 15.7% of the patients were aged 80 years. An increase of
0.9% was observed in the heart surgery procedures performed on patients aged 80 years as
compared to that in 2015, according to the same source
With increasing number of surgical interventions, the total expenditure for surgical and non-surgical
procedures is also increasing significantly. For instance, according to the American Society for
Aesthetic Plastic Surgery (ASAPS): 2016 statistics, people in the U.S. invested over US$ 15 billion
on combined surgical and non-surgical procedures, which also shows an increase of US$ 1.5 billion,
over the previous year (2015). The surgical procedures accounted for 56% of the total expenditures,
while non-surgical procedures accounted for 44% of the expenditure, in 2016.
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room-equipment-and-supplies-market-1358
Increasing investments in product developments is fueling the market in Asia
North America is expected to account for the largest market share in operating room equipment and
supplies market over the forecast period. This is owing to increasing investments by hospitals to
upgrade operating rooms and equipment, increasing numbers of surgical procedures in the region,
and rising prevalence of chronic diseases in the U.S. For instance, According to the National Cancer
Institute- 2014 data findings, there were an approximately 3.0 million men living with prostate
cancer in the U.S., in 2014. In addition, approximately 11.6% of men will be diagnosed with
prostate cancer at some point during their lifetime, based on 2012-2014 data. Furthermore, prostate
cancer represents 9.6% of all new cancer cases in the U.S. in 2014.
Furthermore, Asia Pacific is expected to account for the highest growth in the operating room
equipment and supplies market. This is attributed to government initiatives to increase deployment
of doctors and hospitals in the rural and urban areas in China and India. For instance, in
government of China, from 2013 initiated the extensive program to support the rural heath, by