Getinge AB, Stryker and Hillrom Services Inc. are dominating the Global Operating Room Equipment Supplies Market in 2018

Global Operating Room Equipment Supplies Market is expected to grow at a steady CAGR of 4.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The global operating room equipment supplies market is a fragmented market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to technological advancements in the operating room equipment, rising number of hospitals, increasing number of diseases and surgeries and increasing investments in the research and developmental activities.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand. For instance, in April 2017, Olympus Corporation has declared its plan to acquire Image Stream Medical, Inc. (U.S.) for enhancing the medical solution offerings to healthcare facilities. This acquisition will lead Olympus as minimally invasive therapeutic and diagnostic solutions provider along with systems integration developer.

Getinge AB dominated the global operating room equipment supplies market. The other key players existing in the market includes are Medtronic, CONMED Corporation, STERIS plc., Olympus Corporation, Creative Health Tech Private Limited, AMTAI Medical Equipment, Inc., Brandon Medical Co Ltd, Smith & Nephew, Arthrex, Inc., FUJIFILM Holdings Corporation, KARL STORZ SE & Co. KG, Torontech Inc., Siemens, Mizuho OSI, Drägerwerk AG & Co. KGaA, GENERAL ELECTRIC, Koninklijke Philips N.V., and others.

Getinge AB:

Getinge AB headquartered in Gothenburg, Sweden was founded in 1904. The company is engaged in offering innovative products and solutions that can make better patient outcomes and can enhance health economics. The company is engaged in different segments such as acute care therapies, life science and surgical workflows. The product related to the global operating room equipment supplies market falls under the surgical workflows segment. The sales of surgical workflows are positively impacted by the favourable growth in emerging markets and in the capital goods.

  • In November 2018, Getinge opened a new experience center in Tokyo, Japan. This would help the visitors to know more about the company’s products and solutions there by enhancing the customer base of the company.

It has its global networks through direct sales representatives and distributors in the Europe, America, Asia-Pacific, Middle East and Africa. The company has various subsidiaries such as Getinge Korea Co Ltd (South Korea), Getinge Group Taiwan Co. Ltd (Taiwan), Getinge Holding GmbH (Germany), Getinge India Pvt Ltd (India), Getinge UK Ltd (U.K.), among others.

Stryker:

Stryker headquartered in Michigan, U.S. was founded in 1946. The company is engaged in offering products and services in medical and surgical, orthopedics and neurotechnology and spine for enhancing the healthcare sector. The company mainly manages their operations through different segments such MedSurg, Orthopaedics, Neurotechnology & Spine. The product related to the global operating room equipment supplies market falls in the MedSurg segment. The strength of the portfolio in these higher growing categories is due to the higher shipments of the instruments, medical and endoscopy products.

  • In March 2019, Stryker acquired OrthoSpace, Ltd. This acquisition of OrthoSpace would highly complement the existing portfolio of the company and align with the Stryker’s focus to invest in sports medicine.

It has its global networks through direct sales representatives and distributors in Americas, Asia, Europe, Eastern Europe and Middle East & Africa. The company has various subsidiaries such as Physio-Control (U.S.), Invuity (U.S.), Entellus Medical, Inc. (U.S.), Cactus, LLC (U.S.), Stryker (India) Private ltd (India), among others.

Hillrom Services Inc.:

Hillrom Services Inc. is headquartered in Illinois, U.S. and founded in 1914. The company is engaged in focusing on the patient care solutions which improve the economic and clinical outcomes in the five core areas such as advancing mobility, patient monitoring and diagnostics, wound care and prevention, surgical safety and efficiency and respiratory health. The company operates through different business segments which include patient support systems, front line care and surgical solutions. The product related to the global operating room equipment supplies market falls in the patient support systems and surgical solutions.

  • In March 2019, Hill-Rom Holdings, Inc. entered into an agreement for acquiring Voalte, Inc. This acquisition would help the company to accelerate their leadership in the care communications and develops the company's mobile and digital communication platform and capabilities.  This would help in expanding the product portfolio of the company.

The company has wide geographical presence in Asia/Australia, Europe, Latin America, Middle East/Africa and North America. It operates through its subsidiaries such as Medicraft Hill Rom Australia Pty Ltd (Australia), Hill Rom Australia Pty Ltd (Australia), Comfort Holdings, Inc. (U.S.), Hill-Rom Japan KK (Japan), Hill-Rom Canada, Ltd. (Canada), and others.