Operating Room Integration Market Striking Opportunities, And Forecasts To 2030

Operating Room Integration Market Growth & Trends

The global operating room integration market size is anticipated to reach USD 4.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.3% from 2022 to 2030. Increasing redevelopment projects and the adoption of advanced healthcare IT solutions in hospitals is a major factor boosting the 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) are becoming a solution for this complexity in ORs.

North America operating room integration market size, by device type, 2020 - 2030 (USD Million)

Operating Room Integration Market Segmentation

Grand View Research has segmented the global operating room integration market by component, device type, application, end use, and region:

Based on the Component Insights, the market is segmented into Software and Services.

  • The software segment dominated the market for operating room integration and accounted for the largest revenue share of over 54.0% as of 2021, 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.
  • Growing demand for support and maintenance services, owing to cost-effectiveness, and well-trained and experienced technicians are expected to boost segment growth over the forecast period. In addition, service solutions assist customers in safeguarding their investment comprising on-site and remote support, maintenance, regular software updates, along with on-site training.

Based on the Device Type Insights, the market is segmented into Audio Video Management System, Display System, Documentation Management System.

  • The documentation management systems segment accounted for the largest revenue share of over 36.0% in the market for operating room integration in 2021 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.
  • The high demand for MIS has spurred the implementation of I-ORs owing to its associated advantages such as safety. In addition, industry players are involved in continuous research and development activities for application innovation.

Based on the Application Insights, the market is segmented into General Surgery, Orthopedic Surgery, Neurosurgery, Others.

  • The general surgery segment dominated the market for operating room integration and accounted for the largest revenue share of more than 35.0% in 2021. The increasing number of hospitals adopting MIS technology coupled with the rising number of chronic illnesses and requiring surgical procedures is further fueling the market growth. For instance, in the U.S. approximately half of the surgeries are done with MIS technology. 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 telemedicineand robotic surgery becoming more common healthcare services, the I-ORs are expected to become an industry-standard in the coming years.
  • The orthopedic surgery segment is anticipated to witness a lucrative CAGR of around 11.9% over the forecast period due to increasing demand for orthopedic procedures in the coming years. 

Based on the End-Use Insights, the market is segmented into Hospitals and Ambulatory Surgery Centers.

  • The hospital segment dominated the market for operating room integration and accounted for the largest revenue share of over 63% in 2021. 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. Furthermore, ongoing technology innovations in medical devices attributing to the growing adoption of I-ORs over the forecast period.
  • The ambulatory surgical center segment is expected to witness an exponential growth rate in the market for operating room integration 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. However, the high initial and maintenance cost of integrated OR is hampering segment growth. The development of various medical devices that aid in performing minimally invasive surgeries is allowing physicians to carry out a greater number of surgical procedures on a day-care basis. The availability of technologically advanced I-ORs has contributed largely to the improvement of day-care surgery.

Operating Room Integration Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Market Share Insights

  • April 2021: Barco launched surgical teleconferencing, telementoring, and teleassistance solution called NexxisLive as a secure cloud-based platform for ORs. While, in April 2021, caresyntax’s digital surgery platform was selected as part of a pilot program by the American Board of Surgery to enhance surgeon certifications with video-based assessments.
  • January 2020: Caresyntax announced the installation of 16 digital ORs in Calvary Adelaide Hospital in South Australia with its digital OR integration platform, PRIME365. These types of initiatives are attributing to the increasing penetration of I-ORs in the coming years.

Key Companies Profile & Market Share Insights

The industry is fragmented with a large number of players operating in this sector. The key players are focusing on implementing new strategies such as regional expansion, mergers, and acquisitions, improving their application portfolio through innovation, partnerships, and distribution agreements to increase their revenue share and mark their presence in the market.

Some of the prominent players operating in the global operating room integration market include,

  • Braiblab AG
  • Barco
  • Dragerwerk AG & Co. KGaA
  • Steris Plc.
  • KARL STORZ SE & CO. KG
  • Olympus
  • Care Syntax
  • Arthrex, Inc.
  • Stryker Corporation
  • Olympus Corporation
  • Getinge AB
  • ALVO Medical
  • Skytron, LLC,
  • Merivaara
  • TRILUX Medical GmbH & Co. KG
  • Caresyntax
  • Sony Corporation
  • Richard Wolf GmbH
  • FUJIFILM Holdings Corporation
  • Ditec Medical
  • Doricon Medical Systems
  • Hill-Rom Holdings, Inc.
  • EIZO GmbH
  • OPExPARK
  • ISIS-Surgimedia,
  • Meditek
  • Zimmer Biomet Holdings, Inc.

Order a free sample PDF of the Operating Room Integration Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more