Market Overview:
The global operation power system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and technological advancements in surgical devices. In addition, the rising prevalence of chronic diseases is also contributing to the growth of this market. On the basis of type, the global operation power system market can be segmented into major surgery and small surgery. The major surgery segment is expected to account for a larger share of this market than the small surgery segment during the forecast period. On the basis of application, this market can be divided into clinical applications, research applications, and other applications.
Product Definition:
Operation Power System is a critical component of the electrical distribution system. It provides the power needed to operate and maintain the electrical equipment in hospitals, schools, businesses, and other facilities.
Major Surgery:
Major surgery is a term used to define surgical procedures that are performed on patients with major trauma or severe chronic conditions. These surgeries can be performed either in the hospital or at ambulatory care settings. The growth factor for major surgery market is increasing owing to growing geriatric population base, rising prevalence of chronic diseases and obesity cases, and rapid technological advancements such as robotic surgeries which are further propelling the growth of this market globally.
Small Surgery:
Small surgery is a term used for minimally invasive surgical procedures. Small surgeries are usually performed on an outpatient basis and do not require any hospital admission. The number of minimally invasive surgeries being performed has increased significantly over the past few years, owing to the advantages associated with these procedures such as reduced trauma, shorter recovery time and lower risk of infection.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The clinical application segment is expected to witness significant growth owing to an increase in demand for advanced healthcare services across the globe. Furthermore, a rise in prevalence of chronic diseases and rising geriatric population across the world are expected to drive this segment further during the forecast period.
The research application segment is also anticipated to grow at a lucrative rate during future years due largely on technological advancements coupled with increasing government funding for medical research and development activities globally since past few decades.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable reimbursement scenario, high healthcare expenditure, and increasing adoption of advanced surgical technologies. The Asia Pacific is expected to witness lucrative growth over the forecast period due to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China. Moreover, an increase in government initiatives for developing research facilities is also anticipated to drive the market during the forecast period.
The Latin American region accounted for a revenue share of 7% in 2017 owing to rapid economic development coupled with increased spending on healthcare by consumers; governments; private firms; and foreign investors.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid deployment of renewable energy sources, such as solar and wind power, which are becoming more cost-effective
- Favorable government policies and regulations supporting the development of renewables
- Growing concern about climate change and air pollution, leading to increased investment in clean energy technologies
- Advances in smart grid technology that make the grid more efficient and enable greater integration of renewables
Scope Of The Report
Report Attributes
Report Details
Report Title
Operation Power System Market Research Report
By Type
Major Surgery, Small Surgery
By Application
Clinical, Research, Others
By Companies
Medtronic Xomed, Inc., Bien-Air Surgery, Richard Wolf GmbH, Aesculap AG, Healmeds, HUIDAMED, Zhejiang Tiansong Medical Instrument Co.,Ltd, Qinhang Precise Electrical
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Operation Power System Market Report Segments:
The global Operation Power System market is segmented on the basis of:
Types
Major Surgery, Small Surgery
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
Clinical, Research, 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:
- Medtronic Xomed, Inc.
- Bien-Air Surgery
- Richard Wolf GmbH
- Aesculap AG
- Healmeds
- HUIDAMED
- Zhejiang Tiansong Medical Instrument Co.,Ltd
- Qinhang Precise Electrical
Highlights of The Operation Power System 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:
- Major Surgery
- Small Surgery
- By Application:
- Clinical
- Research
- 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 Operation Power System 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Operation Power System (OPS) is a Department of Defense program that provides energy to military installations worldwide. OPS operates and maintains the military's energy infrastructure, including power plants, transmission lines, and storage facilities.
Some of the key players operating in the operation power system market are Medtronic Xomed, Inc., Bien-Air Surgery, Richard Wolf GmbH, Aesculap AG, Healmeds, HUIDAMED, Zhejiang Tiansong Medical Instrument Co.,Ltd, Qinhang Precise Electrical.
The operation power system 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 Operation Power System 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 Operation Power System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Operation Power System 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 Operation Power System 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 Operation Power System Market Size & Forecast, 2018-2028
4.5.1 Operation Power System Market Size and Y-o-Y Growth
4.5.2 Operation Power System Market Absolute $ Opportunity
Chapter 5 Global Operation Power System 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 Operation Power System Market Size Forecast by Type
5.2.1 Major Surgery
5.2.2 Small Surgery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Operation Power System 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 Operation Power System Market Size Forecast by Applications
6.2.1 Clinical
6.2.2 Research
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Operation Power System 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 Operation Power System 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 Operation Power System Analysis and Forecast
9.1 Introduction
9.2 North America Operation Power System 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 Operation Power System Market Size Forecast by Type
9.6.1 Major Surgery
9.6.2 Small Surgery
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 Operation Power System Market Size Forecast by Applications
9.10.1 Clinical
9.10.2 Research
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 Operation Power System Analysis and Forecast
10.1 Introduction
10.2 Europe Operation Power System 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 Operation Power System Market Size Forecast by Type
10.6.1 Major Surgery
10.6.2 Small Surgery
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 Operation Power System Market Size Forecast by Applications
10.10.1 Clinical
10.10.2 Research
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 Operation Power System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Operation Power System 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 Operation Power System Market Size Forecast by Type
11.6.1 Major Surgery
11.6.2 Small Surgery
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 Operation Power System Market Size Forecast by Applications
11.10.1 Clinical
11.10.2 Research
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 Operation Power System Analysis and Forecast
12.1 Introduction
12.2 Latin America Operation Power System 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 Operation Power System Market Size Forecast by Type
12.6.1 Major Surgery
12.6.2 Small Surgery
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 Operation Power System Market Size Forecast by Applications
12.10.1 Clinical
12.10.2 Research
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) Operation Power System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Operation Power System 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) Operation Power System Market Size Forecast by Type
13.6.1 Major Surgery
13.6.2 Small Surgery
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) Operation Power System Market Size Forecast by Applications
13.10.1 Clinical
13.10.2 Research
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 Operation Power System Market: Competitive Dashboard
14.2 Global Operation Power System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic Xomed, Inc.
14.3.2 Bien-Air Surgery
14.3.3 Richard Wolf GmbH
14.3.4 Aesculap AG
14.3.5 Healmeds
14.3.6 HUIDAMED
14.3.7 Zhejiang Tiansong Medical Instrument Co.,Ltd
14.3.8 Qinhang Precise Electrical
