Operating Room Equipment Market

Operating Room Equipment Market by Product Type (Instruments [Anesthesia Devices, Operating Room Tables, Patient Monitor Devices, Surgical Imaging System, and Others] and Consumables), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to grow at a steady CAGR forecast till 2032 owing to the rising number of surgeries performed across the world, increasing prevalence of chronic disorders, and various product approvals and innovative launches by key industry players.

The operating room equipment market was valued at USD 33,744.24 million in 2024, growing at a CAGR of 5.77% during the forecast period from 2025 to 2032 to reach USD 52,732.99 million by 2032. The operating room equipment market is expected to witness significant growth, driven by the rising volume of surgical procedures across a wide range of specialties, including cardiac, orthopedic, and general surgery. The increasing global burden of chronic conditions such as cancer, cardiovascular diseases, and renal disorders, many of which require surgical intervention, is further propelling demand. Additionally, continuous technological advancements, frequent product approvals, and innovative launches by leading industry players are poised to accelerate market expansion throughout the forecast period from 2025 to 2032.

Operating Room Equipment Market Dynamics:

According to the World Health Organization (2023), over 300 million surgical procedures were conducted annually worldwide, while National Institutes of Health data (2024) indicated more than 15.8 million surgical and 19.1 million non-surgical procedures were performed globally in 2023.

As per data from the British Orthopaedic Association (2022), it reported that a peak of 42,000 orthopedic operations was performed in the UK in 2022, reflecting an increasing demand for specialized surgical equipment such as bone saws, drills, and implants. Moreover, data from ISAPS (2024) stated that approximately 35 million aesthetic surgical procedures were performed worldwide in 2023. Operating room equipment is pivotal to the success of these surgeries, enabling surgeons, anesthesiologists, and medical staff to carry out procedures with safety, efficiency, and precision.

According to data provided by the International Agency for Research on Cancer (2024), in 2022, approximately 20 million new instances of cancer were registered globally. Additionally, the Global Cancer Observatory (2024) estimated that the new instances of cancer globally would range from 20 million to 24.1 million by the year 2030. Moreover, it stated that Asia accounted for 9,826,539 cancer cases, Europe accounted for 4,471,422 cancer cases, LAC accounted for 1,551,060 cancer cases, and Africa accounted for 1,185,216 cancer cases. This sharp rise in cancer incidence is significantly increasing the demand for surgical oncology procedures, thereby necessitating the expansion and modernization of operating room equipment to support complex and high-volume surgical interventions across regions.

Moreover, the regulatory support from the regulatory bodies is further anticipated to bolster the market for the same. For instance, in September 2023, XEOS was approved by the US FDA for the AURA 10 PET-CT specimen imager for the operating room.

Therefore, the factors stated above are expected to boost the overall operating room equipment market during the forecast period from 2025 to 2032.

However, risk of infection, equipment contamination, and limitations associated with operating room instruments, stringent regulatory approvals of various operating room equipment, and others may limit their end-user base, thus acting as key constraints limiting the growth of the operating room equipment.

Operating Room Equipment Market Segment Analysis:

Operating Room Equipment Market by Product Type (Instruments [Anesthesia Devices, Operating Room Tables, Patient Monitor Devices, Surgical Imaging System, and Others] and Consumables), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product segment of operating room equipment, the anesthesia devices category is expected to have a significant revenue share in the year 2024. The growing demand for anesthesia devices is being driven by the rising number of surgeries performed globally, particularly in major procedures such as heart surgeries, organ transplants, knee replacements, and long operations that require effective pain management.

According to data from the National Institutes of Health (2022), over 2 million people worldwide undergo open-heart surgery each year to treat various heart conditions. Similarly, the Health Resources and Services Administration (2024) reported that 46,632 organ transplants were performed in the United States in 2023, marking an 8.7% increase over 2022.

Anesthesia machines play a critical role in these procedures by providing precise control over the concentration of gases, ensuring that patients remain at the appropriate level of sedation throughout the surgery.

Furthermore, anesthesia machines offer adjustable settings to cater to the specific needs of different surgical specialties. For example, cardiac surgeries may require higher oxygen levels, while neurological procedures might call for lighter anesthesia.

By enabling smooth and controlled anesthesia induction and maintenance, these devices enhance patient comfort, reduce anxiety, and facilitate a more seamless transition into unconsciousness.

Additionally, the increasing number of product launches and regulatory approvals is expected to further drive demand for anesthesia devices. For instance, in November 2024, Mindray launched the A7 and A5 anesthesia systems under its A Series, incorporating innovative technologies that enhance anesthetic delivery.

These systems also include High-Frequency Jet Ventilation (HFJV), which is valuable for surgeries involving shared airways or challenging airway cases.

As surgical volumes continue to rise, along with technological advancements in anesthesia delivery, the demand for anesthesia devices is expected to see sustained growth, positively influencing the market for operating room equipment during the forecast period from 2025 to 2032.

North America is expected to dominate the overall operating room equipment market:

Among all the regions, North America is expected to dominate the operating room equipment market in the year 2024. The growth of the operating room equipment market is driven by a combination of critical factors. Notable among these is the rising number of surgical procedures, fueled by the increasing prevalence of chronic diseases, particularly among the aging population. Furthermore, heightened R&D activities by leading industry players are fostering innovation and accelerating market expansion. Technological advancements, coupled with a growing number of regulatory approvals, are enhancing product efficiency and safety, thereby boosting adoption rates. The strong market presence of established medical device manufacturers, along with sustained investments in healthcare infrastructure, is also playing a pivotal role. Looking ahead, the development of advanced and innovative operating room equipment is expected to significantly propel regional market growth during the forecast period of 2025 to 2032.

According to the American Heart Association (2023), approximately 500,000 open-heart surgeries were performed annually in the U.S., many of which utilize operating room instruments. Similarly, the American Academy of Orthopaedic Surgeons reported in 2022 that over 1 million total joint replacements were performed in the United States, underscoring the demand for surgical instruments nationwide.

According to the data from ISAPS 2023, reported that 6.1 million aesthetic surgeries were performed in 2023 in the United States. Similarly, data from HSSA 2022, more than one million organ transplant surgeries were performed in 2022 in the United States.

In addition to this, in Canada, the Government of Saskatchewan reported a significant increase of 6,000 surgeries in the 2023 to 2024 fiscal year, further highlighting the upward trajectory in surgical volume.

Key players in the region are concentrating their efforts on technological innovations to develop innovative products integrated with advanced technologies. For instance, in November 2024, Johnson & Johnson MedTech announced that the U.S. FDA approved its OTTAVA™ robotic surgical system under an investigational device exemption (IDE). The system features four low-profile robotic arms integrated into the operating table, designed for compact storage. Its unified architecture supports robotic, laparoscopic, hybrid, and open surgeries, providing more workspace for clinical teams.

Furthermore, leading industry players such as Koninklijke Philips N.V., Medtronic, Stryker Corporation, Johnson & Johnson Services, Inc., and Olympus Corporation remain at the forefront of innovation, with their robust distribution networks ensuring broad accessibility and availability of operating room equipment devices throughout the region, thereby boosting their market share.

Thus, all the above-mentioned factors are anticipated to propel the market for operating room equipment in the region during the forecast period from 2025 to 2032.

Operating Room Equipment Market Key Players:

Some of the key market players operating in the operating room equipment market include Koninklijke Philips N.V., Medtronic, Stryker Corporation, Johnson & Johnson Services, Inc., Olympus Corporation, Siemens Healthineers AG, Intuitive Surgical, B. Braun Melsungen AG, Karl Storz, GE Healthcare, FUJIFILM Holdings Corporation, Richard Wolf GmbH, CONMED Corporation, MIZUHO Corporation, STERIS plc., Baxter, Getinge, ICU Medical, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Cardinal Health, and others.

Recent Developmental Activities in the Operating Room Equipment:

• In October 2024, Distalmotion received U.S. FDA approval for its Dexter Surgical Robot, enabling its entry into the U.S. outpatient surgical market. This is designed to meet the rising demand in ambulatory surgery centers (ASCs), the Dexter system offers a compact and mobile robotic solution that integrates smoothly with existing operating room workflows.
• In August 2024, Stereotaxis announced that it received CE Mark approval in Europe and had submitted a 510(k) application to the FDA for its next-generation surgical robot. The new system, GenesisX, represents the latest evolution of Stereotaxis’ Genesis robotic magnetic navigation (RMN) platform within the operating room.

Key takeaways from the operating room equipment market report study

• Market size analysis for the current operating room equipment market size (2024), and market forecast over 8 years (2025 to 2032)
• Top key product/services developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years.
• Key companies dominating the operating room equipment market.
• Various opportunities available for the other competitors in the operating room equipment market space.
• What are the top-performing segments in 2024? How these segments will perform in 2032?
• Which are the top-performing regions and countries in the current operating room equipment market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for operating room equipment market growth in the future?

Target audience who can benefit from this operating room equipment market report study

• Operating room equipment product providers
• Research organizations and consulting companies
• Operating room equipment-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in operating room equipment
• Various end-users who want to know more about the operating room equipment market and the latest developments in the operating room equipment market

Frequently Asked Questions for the Operating Room Equipment Market:

1. What are operating room equipment?

• The operating room equipment refers to the specialized medical devices and tools used during surgical procedures to support patient care, ensure safety, and enhance surgical precision. This includes anesthesia machines, patient monitors, surgical lights, electrosurgical units, and operating tables, each designed to facilitate efficient workflows and optimal outcomes in a sterile surgical environment.

2. What is the market for operating room equipment?

• The operating room equipment market was valued at USD 33,744.24 million in 2024, growing at a CAGR of 5.77% during the forecast period from 2025 to 2032 to reach USD 52,732.99 million by 2032.

3. What are the drivers for the operating room equipment market?

• The operating room equipment market is expected to witness significant growth, driven by the rising volume of surgical procedures across a wide range of specialties, including cardiac, orthopedic, and general surgery. The increasing global burden of chronic conditions such as cancer, cardiovascular diseases, and renal disorders, many of which require surgical intervention, is further propelling demand. Additionally, continuous technological advancements, frequent product approvals, and innovative launches by leading industry players are poised to accelerate market expansion throughout the forecast period from 2025 to 2032.

4. Who are the key players operating in the operating room equipment market?

• Some of the key market players operating in the operating room equipment market include Koninklijke Philips N.V., Medtronic, Stryker Corporation, Johnson & Johnson Services, Inc., Olympus Corporation, Siemens Healthineers AG, Intuitive Surgical, B. Braun Melsungen AG, Karl Storz, GE Healthcare, FUJIFILM Holdings Corporation, Richard Wolf GmbH, CONMED Corporation, MIZUHO Corporation, STERIS plc., Baxter, Getinge, ICU Medical, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Cardinal Health, and others.

5. Which region has the highest share in the operating room equipment market?

• Among all the regions, North America is expected to dominate the operating room equipment market in the year 2024. The growth of the operating room equipment market is driven by a combination of critical factors. Notable among these is the rising number of surgical procedures, fueled by the increasing prevalence of chronic diseases, particularly among the aging population. Furthermore, heightened R&D activities by leading industry players are fostering innovation and accelerating market expansion. Technological advancements, coupled with a growing number of regulatory approvals, are enhancing product efficiency and safety, thereby boosting adoption rates. The strong market presence of established medical device manufacturers, along with sustained investments in healthcare infrastructure, is also playing a pivotal role. Looking ahead, the development of advanced and innovative operating room equipment is expected to significantly propel regional market growth during the forecast period of 2025 to 2032.