Market Overview:
The global operating instrument set market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The disposable type segment is expected to dominate the market in terms of revenue share during the forecast period. This can be attributed to the increasing demand for disposable surgical instruments due to their ease of use and hygiene benefits over non-disposable surgical instruments. The ambulatory surgery centers segment is projected to grow at the highest CAGR during the forecast period, owing to rising demand for minimally invasive surgeries across the globe. In terms of region, North America is estimated to account for majority share of global operating instrument set market in 2018, followed by Europe and Asia Pacific.
Product Definition:
An operating instrument set is a collection of instruments used to control or monitor the operation of a process. The importance of an operating instrument set is that it allows for accurate and efficient control of a process.
Disposable Type:
The global disposable type, it's usage and growth factor in operating instrument set market size was valued at USD 1.5 billion in 2015.
Non-disposable Type:
Non-disposable type is a set of medical devices which includes surgical items, dental equipment and accessories, diagnostic instruments and syringes. These are used in operating instrument sets or as medical supplies to ensure safety during the surgery. Non-disposable type has high demand due to its use in hospitals for various purposes such as surgeries, diagnostics tests and injections.
Application Insights:
The others segment held the largest share of over 50.0% in 2017 and is expected to witness significant growth during the forecast period owing to its wide application across various medical centers, which includes critical care units, labor & Delivery rooms, and operating Rooms. The demand for OIS is increasing due to technological advancements coupled with rising awareness among consumers regarding better imaging devices.
The academic medical center segment is expected to exhibit a CAGR of XX% from 2018 to 2030 as a result of growing investments in the development of advanced healthcare facilities at universities around the world that offer state-of-the-art diagnostic services along with surgical procedures under one roof.
Regional Analysis:
North America dominated the global operating instrument set market in 2017. This can be attributed to factors such as favorable reimbursement scenario, high healthcare expenditure, and increasing awareness about advanced surgical procedures & devices. Moreover, presence of major players in this region is also expected to contribute towards the growth of the market for operating instruments during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and rising demand for ambulatory surgeries & procedures due to growing population & lifestyle-related disorders. In addition, economic development in countries like India and China are also contributing towards market growth by driving demand from these regions. For instance, Siemens Healthineers announced that it has received an order worth USD X million from a hospital located at Changi General Hospital (SGH) in Singapore for supplying medical gases through its Healthcare Gases business unit (HGU).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. The use of operating instrument sets is critical in performing minimally invasive procedures, thus driving the growth of this market.
- Technological advancements: Operating instrument sets are becoming increasingly sophisticated with the advent of new technologies such as 3D printing and robotics. This has led to an increase in their adoption by hospitals and surgical centers worldwide.
- Rising healthcare expenditure: Globally, healthcare expenditure is increasing at a rapid pace due to factors such as population growth, aging population, rising income levels, and expanding insurance coverage across geographies. This is resulting in an increased demand for advanced medical devices and equipment including operating instrument sets., thereby driving their growth prospects..4) Growing awareness about safety standards: There has been a growing awareness among healthcare professionals about safety standards while using surgical instruments during operations., which has led to an increase in demand for high-quality operating instrument sets..5) Increasing number of surgical procedures: The number of surgical procedures being performed each year is on the rise owing to factors such as rising incidence rates of various diseases/conditions (e g cancer), technological advancements that have made surgery less risky/invasive
Scope Of The Report
Report Attributes
Report Details
Report Title
Operating Instrument Set Market Research Report
By Type
Disposable Type, Non-disposable Type
By Application
Ambulatory Surgery Centers, Academic Medical Centers, Others
By Companies
Medline Industries, Cardinal Health, Owens & Minor, Molnlycke, Lohmann & Rauscher, Resource Optimization & Innovation, Stradis Healthcare, Paul Hartmann, CPT Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Operating Instrument Set Market Report Segments:
The global Operating Instrument Set market is segmented on the basis of:
Types
Disposable Type, Non-disposable Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ambulatory Surgery Centers, Academic Medical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medline Industries
- Cardinal Health
- Owens & Minor
- Molnlycke
- Lohmann & Rauscher
- Resource Optimization & Innovation
- Stradis Healthcare
- Paul Hartmann
- CPT Medical
Highlights of The Operating Instrument Set Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disposable Type
- Non-disposable Type
- By Application:
- Ambulatory Surgery Centers
- Academic Medical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Operating Instrument Set Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An operating instrument set is a group of instruments used in an aircraft to measure various parameters.
Some of the major players in the operating instrument set market are Medline Industries, Cardinal Health, Owens & Minor, Molnlycke, Lohmann & Rauscher, Resource Optimization & Innovation, Stradis Healthcare, Paul Hartmann, CPT Medical.
The operating instrument set market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Operating Instrument Set Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Operating Instrument Set Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Operating Instrument Set Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Operating Instrument Set Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Operating Instrument Set Market Size & Forecast, 2018-2028
4.5.1 Operating Instrument Set Market Size and Y-o-Y Growth
4.5.2 Operating Instrument Set Market Absolute $ Opportunity
Chapter 5 Global Operating Instrument Set Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Operating Instrument Set Market Size Forecast by Type
5.2.1 Disposable Type
5.2.2 Non-disposable Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Operating Instrument Set Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Operating Instrument Set Market Size Forecast by Applications
6.2.1 Ambulatory Surgery Centers
6.2.2 Academic Medical Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Operating Instrument Set Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Operating Instrument Set Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Operating Instrument Set Analysis and Forecast
9.1 Introduction
9.2 North America Operating Instrument Set Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Operating Instrument Set Market Size Forecast by Type
9.6.1 Disposable Type
9.6.2 Non-disposable Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Operating Instrument Set Market Size Forecast by Applications
9.10.1 Ambulatory Surgery Centers
9.10.2 Academic Medical Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Operating Instrument Set Analysis and Forecast
10.1 Introduction
10.2 Europe Operating Instrument Set Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Operating Instrument Set Market Size Forecast by Type
10.6.1 Disposable Type
10.6.2 Non-disposable Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Operating Instrument Set Market Size Forecast by Applications
10.10.1 Ambulatory Surgery Centers
10.10.2 Academic Medical Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Operating Instrument Set Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Operating Instrument Set Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Operating Instrument Set Market Size Forecast by Type
11.6.1 Disposable Type
11.6.2 Non-disposable Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Operating Instrument Set Market Size Forecast by Applications
11.10.1 Ambulatory Surgery Centers
11.10.2 Academic Medical Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Operating Instrument Set Analysis and Forecast
12.1 Introduction
12.2 Latin America Operating Instrument Set Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Operating Instrument Set Market Size Forecast by Type
12.6.1 Disposable Type
12.6.2 Non-disposable Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Operating Instrument Set Market Size Forecast by Applications
12.10.1 Ambulatory Surgery Centers
12.10.2 Academic Medical Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Operating Instrument Set Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Operating Instrument Set Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Operating Instrument Set Market Size Forecast by Type
13.6.1 Disposable Type
13.6.2 Non-disposable Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Operating Instrument Set Market Size Forecast by Applications
13.10.1 Ambulatory Surgery Centers
13.10.2 Academic Medical Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Operating Instrument Set Market: Competitive Dashboard
14.2 Global Operating Instrument Set Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medline Industries
14.3.2 Cardinal Health
14.3.3 Owens & Minor
14.3.4 Molnlycke
14.3.5 Lohmann & Rauscher
14.3.6 Resource Optimization & Innovation
14.3.7 Stradis Healthcare
14.3.8 Paul Hartmann
14.3.9 CPT Medical
