The global operating room integration market size is expected to be worth around US$ 6.5 billion by 2030, according to a new report by Vision Research Reports.
The global operating room integration market size was valued at US$ 3.5 billion in 2020 and is anticipated to grow at a CAGR of 12.3% during forecast period 2021 to 2030.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38698
Report Coverage
| Report Scope | Details |
| Market Size | USD 6.5 billion by 2030 |
| Growth Rate | CAGR of 12.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Component, Device type, Application, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Stryker; Braiblab AG; Barco; Dragerwerk AG & Co. KGaA; Steris; KARL STORZ SE & CO. KG; Getinge AB; Olympus; Care Syntax; Trilux Medical GmbH& Co.KG |
Growth Factors
Increasing redevelopment projects and the adoption of advanced healthcare IT solutions in hospitals is a major factor boosting market growth. Operating Rooms (OR) are increasingly becoming complex and congested due to the requirement of devices during surgeries such as surgical lights, operating tables, and surgical displays. Integrated Operating Rooms (I-ORs) is becoming a solution for this complexity in ORs.
Though digitization was now high on the agendas of most companies, the COVID-19 pandemic speeded up the paradigm shift towards digitization in 2020. Besides, the trend towards digital ORs was also quickened up by the pandemic. Thus, the COVID-19 crisis created new opportunities to innovate and new ways to create value in the evolving healthcare world.
By Component Analysis
The software segment dominated the market and accounted for the largest revenue share of over 50.0% as of 2020, owing to various benefits associated with its use. These integrated software solutions offer seamless communication within various systems operational in OR to streamline surgical workflows and ensure ease of use and effective operation.
companies are also marking their presence in the market for operating room integration by adopting attainment strategies to broaden their portfolio in the operating room integration space.
By Device Type Analysis
The documentation management systems segment accounted for the largest revenue share of over 36.0% in 2020 owing to its wide applications in ORs. This system helps in managing all the records from various sources and presents them on a single platform to help surgeons with patients’ history and other necessary information during the surgery.
Operating rooms are increasingly becoming complex and congested with the inclusion of a variety of equipment such as surgical lights, operating tables, and surgical displays. In basic ORs, individual devices are arranged which are pulled or pushed back according to their use, cords and cables are spread all over the room.
By Application Type Analysis
The general surgery segment dominated the market and accounted for the largest revenue share of more than 35.0% in 2020. The increasing number of hospitals adopting MIS technology coupled with the rising number of chronic illnesses and requires surgical procedures is further fueling the market growth.
The rising number of surgical interventions with the high number of MIS being carried out due to its several benefits such as reduced hospital stay, less painful features, and high focus on patient safety in OR are driving the demand. As this technology continues to grow along with telemedicine and robotic surgery become more common healthcare services, the I-ORs are expected to become an industry-standard in the coming years.
By End-use Analysis
The hospital segment dominated the market and accounted for the largest revenue share of over 64.0% in 2020. This growth is owing to the high penetration of integrated ORs. With the large patient population being exposed to chronic diseases there is a need for I-ORs to reduce the burden on physicians and complexity so that they can efficiently manage their surgical workflow.
The ambulatory surgical center segment is expected to witness an exponential growth rate in the market over the forecast period. Ambulatory surgery is being increasingly performed in developed countries. The shortage of beds in hospitals and scarce economic resources are expected to boost the growth of this segment.
By Regional Analysis
North America dominated the global market and led for the largest revenue share of over 46.0% in 2020. Dominance can be attributed to the increasing demand for surgical automation. Major factors attributed to the market growth are the rise in demand for efficient healthcare services, an increase in the need to reduce healthcare expenditure, and effective EHR implementation by healthcare organizations.
In the Asia Pacific, the market is anticipated to witness the highest CAGR over the forecast period. The market is driven by a rising pool of patient populations suffering from chronic disorders that require surgical interventions, increasing demand for sophisticated medical devices in hospitals, a rising number of MIS procedures, and rapidly improving healthcare infrastructure.
Key Players
Market Segmentation
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38698 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…