The Operating Room Equipment Market size in Europe is expected to grow at a CAGR of 3.7 % and reach USD 8.82 billion in 2027 from USD 7.35 billion in 2022.
The aging population, which is highly vulnerable to prone to the various disorders and degenerative diseases, is significantly growing and is estimated to accelerate the market at a significant level. On the same line, an increasing number of minimally invasive surgeries are anticipated to drive the market during the forecast period. The growing necessity for hybrid operating rooms, the rising number of hospitals, and rising hospitals' investments for various operating room equipment are further predicted to escalate the market growth.
The high cost involved with some of the operating room equipment products is majorly restraining the market.
This market research report on the Europe Operating Room Equipment Market segmented and sub-segmented into the following categories:
Europe was the second leading market in the global operating room equipment market in 2019, and the same trend is expected to continue throughout the forecast period. The UK market is predicted to dominate the European market from 2020 to 2025. An increase in accessibility and rapid growth in the UK's economic development are supporting market growth.
The German market is in the second place in accounting leading shares in the European market from 2020 to 2025 due to the growing demand for OR equipment, reduced hospital stays, great flexibility during the surgery, and are cost-effective procedures, and growing medical tourism.
France is expected to have considerable growth in the region during the forecast period. New-age product innovations and technological advancements are likely to surge the market. Well-established healthcare infrastructure, a high regular increase of chronic diseases, and colossal market key players' appearance, the growing occurrence rate of cancer, gastrointestinal, and lifestyle-related diseases are some factors accelerating the operating room equipment market during the forecasting framework.
Notable companies leading the majority of the shares in the European Operating Room Equipment market are STERIS Corporation, Stryker Corporation, Drägerwerk AG & Co. KGaA, Getinge Group, Medtronic, Inc., Hill-Rom Holdings, Inc., Mizuho OSI, GE Healthcare, Philips Healthcare, and KARL STORZ GmbH & Co. KG.
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