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Latin America Operating room equipment Market Research Report - Segmented By Type, End-User, and Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast | 2022 to 2027

Published: January, 2022
ID: 2403
Pages: 131

Latin America Operating Room Equipment Market Size (2022 to 2027)

The size of the Latin America Operating Room Equipment Market was worth USD 3.41 billion in 2022. It is forecasted to exhibit a CAGR of 4.2 % and worth USD 4.19 billion by 2027.

The operating room is a facility where all the operations are performed to treat different pathological and physiological conditions in a sterile environment. Operating rooms are also known as the operating suite or operation theatre. An operating room is prepared with technically advanced equipment that offers enhanced operational efficiency by enabling surgeons and other healthcare professionals with greater flexibility and ease of handling.

During the projected period, the Latin America Operating Room Equipment Market is expected to develop at a 7.4 percent CAGR (2018 - 2024). An operating room with advanced equipment aids doctors by providing more flexibility during surgical procedures and, as a result, improves operational efficiency. 

The growing popularity of minimally invasive procedures due to benefits such as minimal trauma, shorter hospital stays, and lower costs are driving the growth of Latin American operating room equipment market throughout the forecast period. 

Governments worldwide are likely to increase their investment, which will help the market develop even more. In addition, the market is expected to be driven by improving healthcare infrastructure in emerging nations, rising interest from multinational hospital chains in expanding their networks in these markets, and growing collaborations between hospitals and foreign investors. 

The Brazilian government passed a new law in 2015 that permits foreign investors to participate in healthcare corporations, hospitals, and specialty clinics. One of the contributing causes to the market's rise is the increased popularity of minimally invasive procedures due to associated benefits such as less trauma, shorter hospital stays, and lower costs. Increased government investment across Latin America is also propelling the LATAM operating room equipment market. The Latin American growth is also being fueled by rising demand for minimally invasive surgeries and increased use of technological advancements.

However, In the last several months, almost every firm on the globe has suffered a setback. As a result of numerous precautionary measures and other limitations imposed by regulatory bodies across Latin America, severe disruptions in their respective production and supply-chain activities have occurred. The same may be stated for Latin American operating room equipment market.

Furthermore, as most people's economic situation has worsened due to the epidemic, consumer demand has declined as individuals have become more focused on removing non-essential costs from their budgets. The above factors are projected to have an impact on the Latin America Operating Room Equipment market revenue over the forecast period.

This research report on the Latin America Operating Room Equipment Market has been segmented and sub-segmented into the following categories:

By Type: 

  • Anesthesia Machines

  • Electrosurgical Units

  • Multi-Parameter Patient Monitors

  • Surgical Imaging Devices

    • Mobile C-Arms

    • Mini C-Arms

  • Operating Room Lights

  • Operating Tables

    • General Operating Tables

    • Specialty Operating Tables

By End User: 

  • Hospitals

  • Outpatient Facilities

By Country: 

  • Mexico

  • Brazil

  • Argentina

  • Chile

  • Rest of Latin America

Geographically, The Latin America operating room equipment market is projected to witness a significant share in the market. The rising frequency of chronic diseases in the region and the region's huge elderly population, advanced healthcare infrastructure, and growing number of ambulatory surgery centers are all major factors that are fuelling the market growth. Furthermore, the region's growth is likely to be aided by the growing trend of medical tourism in Latin American countries. Mexico, Brazil, and Argentina are some of the most popular medical tourist destinations in Latin America, as these countries in the region contribute the majority of the share. In addition, many international investors are attracted to rising markets such as Mexico, Brazil, and Argentina because of the vast population base and significant unmet demands in the region.

Brazil is projected to augment the largest share of the LATAM operating room equipment market during the forecast period. The market growth is expected to be driven by the factors such as Treatment affordability, ease of access, government assistance, and the advent of new medical tourism locations in the country.

Furthermore, the Mexican Operating Room Equipment market is likely to register a considerable share during the forecast period. Governing authorities begin to lift these enforced measures. The increasing prevalence of chronic diseases, improving healthcare facilities, and growing healthcare spending in the country is propelling the growth of the Latin America operating room equipment market.

Companies playing a prominent role in the Latin American Operating Room Equipment Market profiled in this report 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.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Anesthesia Machines         

                                5.1.3 Electrosurgical Units            

                                5.1.4 Multi-Parameter Patient Monitors               

                                5.1.5 Surgical Imaging Devices   

                                                5.1.5.1  Mobile C-Arms

                                                5.1.5.2 Mini C-Arms

                                5.1.6 Operating Room Lights      

                                5.1.7 Operating Tables  

                                                5.1.7.1 General Operating Tables

                                                5.1.7.2 Specialty Operating Tables

                                5.1.8  Y-o-Y Growth Analysis, By Type    

                                5.1.9  Market Attractiveness Analysis, By Type  

                                5.1.10 Market Share Analysis, By Type   

                5.2 End User                      

                                5.2.1 Introduction           

                                5.2.2 Hospitals  

                                5.2.3 Outpatient facilities             

                                5.2.4 Y-o-Y Growth Analysis, By End User             

                                5.2.5 Market Attractiveness Analysis, By End User           

                                5.2.6 Market Share Analysis, By End User             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By End user

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By End user

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By End user

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 STERIS Corporation                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2  Stryker Corporation                               

                8.3 Drägerwerk AG & Co. KGaA                

                8.4 Getinge Group                          

                8.5 Medtronic, Inc.                         

                8.6 Hill-Rom Holdings, Inc.                           

                8.7 Mizuho OSI                 

                8.8 GE Healthcare                           

                8.9 Philips Healthcare                    

                8.10 KARL STORZ GmbH & Co. KG.                           

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

11. Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Latin America Operating Room Equipment Market, By Type, From 2022 - 2027 (USD Billion)

  2. Latin America Anesthesia Machines Market, By Region, From 2022 - 2027 (USD Billion)

  3. Latin America Electrosurgical Units Market, By Region, From 2022 - 2027 (USD Billion)

  4. Latin America Multi-Parameter Patient Monitors Market, By Region, From 2022 - 2027 (USD Billion)

  5. Latin America Surgical Imaging Devices Market, By Region, From 2022 - 2027 (USD Billion)

  6. Latin America Operating Room Lights Market, By Region, From 2022 - 2027 (USD Billion)

  7. Latin America Operating Tables Market, By Region, From 2022 - 2027 (USD Billion)

  8. Latin America Operating Room Equipment Market, By End User, From 2022 - 2027 (USD Billion)

  9. Latin America Hospitals Market, By Region, From 2022 - 2027 (USD Billion)

  10. Latin America Outpatient facilities Market, By Region, From 2022 - 2027 (USD Billion)

  11. Brazil Operating Room Equipment Market, By Type, From 2022 - 2027 (USD Billion)

  12. Brazil Operating Room Equipment Market, By End User, From 2022 - 2027 (USD Billion)

  13. Argentina Operating Room Equipment Market, By Type, From 2022 - 2027 (USD Billion)

  14. Argentina Operating Room Equipment Market, By End User, From 2022 - 2027 (USD Billion)

  15. Mexico Operating Room Equipment Market, By Type, From 2022 - 2027 (USD Billion)

  16. Mexico Operating Room Equipment Market, By End User, From 2022 - 2027 (USD Billion)

  17. Rest of Latin America Operating Room Equipment Market, By Type, From 2022 - 2027 (USD Billion)

  18. Rest of Latin America Operating Room Equipment Market, By End User, From 2022 - 2027 (USD Billion)

  19. Latin America Operating room equipment Market, By Surgical imaging devices, From 2022 - 2027 (USD Billion)

  20. Latin America Mobile C-Arms Market, By Region, From 2022 - 2027 (USD Billion)

  21. Latin America Mini C-Arms Market, By Region, From 2022 - 2027 (USD Billion)

  22. Brazil Operating room equipment Market, By Surgical imaging devices, From 2022 - 2027 (USD Billion)

  23. Argentina Operating room equipment Market, By Surgical imaging devices, From 2022 - 2027 (USD Billion)

  24. Mexico Operating room equipment Market, By Surgical imaging devices, From 2022 - 2027 (USD Billion)

  25. Latin America Operating room equipment Market, By Operating tables, From 2022 - 2027 (USD Billion)

  26. Latin America General Operating Tables Market, By Region, From 2022 - 2027 (USD Billion)

  27. Latin America Specialty Operating Tables Market, By Region, From 2022 - 2027 (USD Billion)

  28. Brazil Operating room equipment Market, By Operating tables, From 2022 - 2027 (USD Billion)

  29. Argentina Operating room equipment Market, By Operating tables, From 2022 - 2027 (USD Billion)

  30. Mexico Operating room equipment Market, By Operating tables, From 2022 - 2027 (USD Billion)

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