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The global operating room integration market was US$ 1.58 Bn in 2020 and is anticipated to register a CAGR of 11.2% from 2021-2028.
Market Dynamics
An increasing number of patients suffering from chronic diseases, rising demand for minimally invasive surgical procedures across the globe is resulting in demand for advanced operating rooms which is expected to increase demand for operating room integration systems from hospitals. Cosmetic surgeries number across the globe is rising. In 2019, there were 4 million cosmetic surgical procedures performed in the US. As the geriatric population rising, the demand for minimally invasive surgery (MIS) among old age people is also increasing. MIS provides various benefits such as fast recovery, smaller incisions, less pain, etc. In order to provide MIS, the OR has to be equipped with advanced equipments. The operating room integration system provides the surgeon with better clarity during surgery. It helps them in providing a better communication system, multiple surgical monitors, and easy access to patient data. The pandemic has impacted the globe negatively by shattering the idea of having a better healthcare system. With the high peak in covid-19 cases in March 2021 in developing countries, hospital operating rooms witnessed the necessity for advanced systems and equipment. With the patient care at most priority, deployment of operating room integrated systems would connect and support the operating team by processing the information across the operating workflow. This is expected to augment the growth of target market. Major players approach towards enhancing the business through strategic acquisitions and partnership is expected to boost the market growth.
Report coverage
Market | Operating Room Integration Market |
Analysis Period | 2017 - 2028 |
Base Year | 2020 |
Forecast Data | 2021 - 2028 |
Segments Covered | By Components, By Device Type, By Application, By End Use, and By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Stryker, Brainlab AG, Barco, Getinge AB, Olympus, Dragerwerk AG & Co. KGaA, Steris, KARL STORZ SE & CO. KG, Care Syntax, and Trilux Medical GmbH & Co.KG. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope |
10 hrs of free customization and expert consultation |
The availability of favorable business policies from the government and largely untapped market in the developing region is attracting players to emerging economies. Factors such as high cost associated with the integration of advanced systems to present infrastructure and lack of skilled labor to handle these systems are expected to hamper the growth of global operating room integration systems market. In addition, the availability of advanced infrastructure in developing countries is expected to challenge the adoption of advanced devices limiting the market growth. However, redevelopment projects in emerging economies and increasing funding for improving the present OR, coupled with rising medical tourism in developing countries are factors expected to create new opportunities for players. In addition, focus on training skilled professionals is expected to support the revenue transaction of the operating room integration systems market.
Operating Room Integration Market Region Analysis, 2020
The market in North America is expected to account for a major revenue share in the global operating room integration systems market due to high government spending on the healthcare sector. Increasing demand from healthcare professionals for advanced operating rooms and the introduction of new solutions from major players in order to attract new customers are factors expected to boost the market in the region. In addition, the increasing need to reduce healthcare spending and preference for automating the surgical rooms is expected to support the market growth.
Operating Room Integration Market Segment Analysis, 2020
The global operating room integration systems market is segmented into component, device, application, and end-use. The component segment is divided into software and services. The application segment is bifurcated into general surgery, orthopedic surgery, neurosurgery, and others. Among applications, the general surgery segment is expected to account for significant revenue share in the global market. Consumers suffering from chronic diseases are on rise; with the availability of favorable reimbursement policies, preference for surgeries is increasing.
Competitive Landscape
Players operating in the global operating room integration systems market are Stryker, Brainlab AG, Barco, Getinge AB, Olympus, Dragerwerk AG & Co. KGaA, Steris, KARL STORZ SE & CO. KG, Care Syntax, and Trilux Medical GmbH& Co.KG.
Market Segmentation
Market By Components
Market By Device Type
Market By Application
Market By End Use
Market By Geography
The global operating room integration market in 2020 was US$ 1.58 Bn
The CAGR of the global operating room integration market from 2021 to 2028 is above 11.2%.
Asia Pacific exhibited the fastest growing CAGR for the forecast period of 2021 to 2028
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