The global operating room equipment market size was estimated at USD 48.61 billion in 2024 and is projected to reach USD 75.39 billion by 2030, expanding at a CAGR of 7.8% from 2025 to 2030. Market growth is being driven by factors such as the increasing number of hospitals and ambulatory surgery centers, along with the rising prevalence of chronic diseases that require surgical intervention. Continuous technological advancements in medical devices are also elevating demand for modern operating room (OR) solutions. Moreover, improvements in healthcare infrastructure, growing healthcare spending, and a steady increase in surgical volumes are further accelerating market expansion. The rising preference for minimally invasive procedures known for shorter hospital stays, reduced pain, and faster recovery has also boosted the adoption of advanced operating room equipment globally.

The number of surgical procedures performed worldwide continues to rise due to population growth and increased life expectancy. Surgical care plays a crucial role in treating a wide spectrum of medical conditions, including injuries, cardiovascular disorders, cancers, malignancies, infections, mental health conditions, cerebrovascular diseases, and complications during childbirth such as obstructed labor. As reported in the MEDIRES journal in January 2024, an estimated 234.2 million surgical procedures are performed annually across the globe, highlighting the increasing reliance on surgical treatments. Lifestyle changes and unhealthy dietary habits have contributed to the surge in chronic diseases, which subsequently increases the demand for surgical interventions. Additionally, the growing incidence of trauma and injuries significantly contributes to the surgical burden and is expected to rise further in the coming years.

The industry is also fueled by the pressure on hospitals to manage operational costs while maintaining high-quality patient care. Integrated OR systems offer compelling cost benefits by improving workflow efficiency, reducing surgical time, and lowering complication rates. These advantages motivate hospitals to invest in advanced equipment and digital OR technologies. Solutions such as ENDOALPHA from Olympus Corporation are designed to streamline procedures, enhance patient safety, reduce surgery duration, and support faster post-operative recovery. With the rising complexity of modern surgeries, healthcare facilities are increasingly integrating advanced tools, including digital imaging & diagnostic technologies, innovative surgical instruments, robotic 3D imaging systems, surgical robots, and virtual reality–assisted tools. These technologies are transforming the surgical environment into a more precise, data-driven, and minimally invasive setup.

Key Market Trends & Insights:

  • North America dominated the operating room equipment market in 2024 with a 36.02% revenue share, supported by increasing demand for efficient healthcare delivery and the growing adoption of electronic health records (EHR). The U.S. held the largest share in the region, owing to strong infrastructure, rising surgical volume, and technological upgrades in hospitals.
  • By product, the anaesthesia segment held the largest share of 54.59% in 2024, driven by its essential role in nearly all surgical procedures. The endoscopes segment is expected to grow at the fastest CAGR over the forecast period due to rising preference for early disease diagnosis, the expansion of minimally invasive surgeries, and growing chronic disease prevalence.
  • By end use, hospital management systems accounted for 74.66% in 2024, as hospitals remain primary centers for complex surgeries. The ambulatory surgical centers systems segment is projected to grow at the fastest CAGR, driven by increased outpatient surgeries, bed shortages in hospitals, and cost-efficiency benefits.

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Market Size & Forecast:

  • 2024 Market Size: USD 48.61 Billion
  • 2030 Projected Market Size: USD 75.39 Billion
  • CAGR (2025-2030): 7.8%
  • North America: Largest market in 2024

Key Companies & Market Share Insights:

The operating room equipment market features strong competition with numerous global and regional players. Companies are focusing on strategic partnerships, acquisitions, product launches, and geographic expansion to strengthen their market presence. For example, Affera, Inc. was acquired by Medtronic in August 2022, enhancing Medtronic’s offerings in cardiovascular and electrophysiology technologies. Similarly, in December 2021, Baxter International Inc. completed its acquisition of Hillrom, expanding its portfolio in connected care and medical technologies for surgical environments. These mergers and acquisitions highlight the industry's push toward innovation and integrated OR solutions to better meet growing surgical demands worldwide.

Key Players

  • Koninklijke Philips N.V
  • Medtronic
  • Getinge AB
  • Stryker Corporation
  • Siemens Healthineers AG
  • GE HealthCare
  • Steris
  • Skytron, LLC
  • Drägerwerk AG & Co. KGaA,
  • Baxter International Inc.

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Conclusion:

In conclusion, the global operating room equipment market is poised for substantial growth as surgical demand continues to rise due to aging populations, lifestyle-related chronic diseases, and increasing trauma cases worldwide. Advancements in medical device technology, integration of digital tools, and the adoption of robotic and minimally invasive surgical systems are transforming operating environments and enhancing procedural efficiency. Hospitals are increasingly investing in modern OR infrastructure to improve patient outcomes while simultaneously reducing operational costs. Regional trends indicate that North America currently leads the market, while healthcare digitization and infrastructure expansion will fuel growth in other regions as well. Product-wise, anaesthesia devices remain the largest segment, but endoscopes are expected to witness rapid adoption as early diagnosis and minimally invasive procedures gain traction. Ambulatory surgical centers are also emerging as a fast-growing end-use segment, driven by lower costs and reduced hospital bed availability. Overall, the market outlook remains favorable, supported by technological progress, healthcare spending, and the continuous expansion of surgical services.