Market Forecast for Operating Room Integration to 2027
From 2020 to 2027 During surgical procedures, integrated operation rooms are designed to optimise workflows, procedure guidance, and peer participation. They want to increase efficiency and cut down on surgery time and complications. Devices such as display, audio, and video management that enable surgeons for teleconferences, efficient supervision, and recording during surgery are included in operating room integration.
The global operating room integration market is predicted to increase at a CAGR of 11.4 percent, from $1,772.3 million in 2019 to $4,195.9 million in 2027.
Due to an increase in the number of surgical operations, a surge in patient demand for minimally invasive surgeries, and patient safety concerns in operating rooms, the worldwide operating room integration market is likely to grow at a substantial rate during the forecast period. Furthermore, several advantages of operating room integration, such as increased productivity, reduced manpower, shorter surgical procedures, and better-managed patient surgical records, are propelling the industry forward. The high cost and maintenance of operating room integration systems, on the other hand, is projected to limit market expansion. Furthermore, the potential of emerging regions such as Asia-Pacific and Southeast Asia is expected to give a profitable global operating room integration market growth opportunity in the coming years.
Device type, application, end user, and geography are the segments that make up the worldwide operating room integration market. The market is classified into audio and video management systems, display systems, documentation and recording systems, and others based on device type. Additionally, audio and video management systems are divided into three categories: basic video management, advanced video management, and data comparison IP-based version. Furthermore, display systems are divided into two types: tiny display and large format display.
In the same way, the documentation and recording system component is split into two categories: standalone recording devices and embedded recording software. The market is divided into four categories based on application: urology, surgery, neurology, and others. The market is divided into hospital and clinic segments based on the end user. The market is divided into five regions: North America, EMEA, China, Asia-Pacific, Southeast Asia, and the rest of Asia-Pacific.
Top Influencing Factors
Advancements in surgical methods, a surge in patient preference for minimally invasive surgeries, and patient monitoring to ensure safety are all major drivers influencing the worldwide operating room integration market’s growth. The market’s growth is hampered by the high initial investment and maintenance costs of ORI systems. During the projected period, however, the untapped potential of emerging markets is expected to create profitable prospects for the expansion of the operating room integration market.
The following are some of the significant variables influencing market growth:
Surgical procedures have improved.
The increased frequency of surgical procedures has resulted from the necessity to handle serious conditions such as cancer. This also leads to an increase in the total number of OR procedures. As the senior population grows, so does the demand for procedures. Plastic and reconstructive operations for aesthetic and cosmetic reasons have also grown in popularity. Furthermore, increased health awareness in emerging economies leads to an increase in the number of procedures. As a result, the operating room integration market is primarily driven by a rise in the number of procedures.
Patient demand for minimally invasive operations is on the rise.
As people become more aware of surgical solutions for diseases like obesity, medical device manufacturers have developed enhanced operating room integration systems. Furthermore, medical practitioners and patients alike prefer procedures that include surgical imaging, such as endoscopy. Keyhole surgeries are now being performed in place of traditional surgical procedures. Laparoscopy, for example, is a type of minimally invasive surgery that allows a surgeon to look within the abdomen and pelvis without having to make big incisions. Patients all across the world choose minimally invasive surgeries because they give them the benefit of the doubt, assuage their anxieties, and increase their sense of security. Furthermore, the success rate of these operations is higher.
To ensure patient safety, patients are monitored.
Errors in the operating room are more common when there is a lack of coordination among the surgical team. Avoidable errors in the operating room, which typically occur before and/or after surgical procedures, have resulted in negative consequences that endanger patient safety. Communication breakdown among or within the surgical team, patients and their families, and care providers, delay and/or failure to diagnose the underlying condition, and delay and/or failure to give prompt therapy are all examples of these errors. Furthermore, critical decisions such as opting for non-operative and/or observation treatment rather than urgent surgical care result in operating room mishaps. Various programmes, such as the World Health Organization’s (WHO) Safe Surgery Saves Lives campaign and the Institute for Healthcare Improvement’s (IHI) 5 Million Lives Campaign, are organised to highlight patient safety issues in the OR.
COVID had a beneficial impact on the hospital industry.
The COVID-19 has been declared a public health emergency of international concern, necessitating the management of space, personnel, and resources in hospitals in order to provide the best possible care to patients. In addition, many steps have been put in place to avoid in-hospital transmission. To deal with the rising number of COVID-19 cases, the government and medical authorities are concentrating their efforts on establishing new hospitals and facilities with a standard operating room dedicated to COVID patients. To decrease the risk of infection, these operating rooms are separate from the main OR. As a result of the COVID 19 epidemic, demand for hospital operating room integration systems has skyrocketed.
Analyze the Competition
Stryker Corporation, KARL STORZ GmbH & Co. KG, STERIS plc, Skytron LLC, Getinge AB, Merivaara Oy, Canon Inc., BrainLab AG, Doricon Medical Systems, and Olympus Corporation are among the main global operating room integration market participants mentioned in this research. To influence market growth, top market players in the EO/IR gimbal sector use various methods such as product launch, product development, collaboration, partnership, and agreements, among others.
Stakeholders’ Key Benefits
This report includes an analytical depiction of the global operating room integration market size, as well as current global operating room integration market trends and future projections to show where investment opportunities are most likely to emerge.
The purpose of the total operating room integration market analysis is to uncover profitable trends in order to obtain a firmer foothold.
With a full impact analysis, the paper gives information on major drivers, restrictions, and possibilities.
To gauge financial competency, the present operating room integration market forecast is statistically analysed from 2019 to 2027.
Porter’s five forces analysis depicts the market’s potency of buyers and providers.