Hybrid Operating Room Market Research Report - Forecast Till 2027

Hybrid Operating Room Market Share, Growth And Trends Analysis by Techniques (Fluoroscopy And Data Acquisition, Rotational Angiography, Digital Subtraction Angiography And Others), Applications (Cardiovascular Surgery, Neurosurgery, Thoracic Surgery, Endo-Bronchial Procedures And Others), End Users (Hospitals, Clinics, Medical Research Firms, And Others) - Forecast Till 2027

ID: MRFR/MED/0360-HCR | October 2022 | Region: Global | 115 Pages         

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Hybrid Operating Room Market Overview


The CAGR for the hybrid operating room market is projected to be 12.5% until 2023.


The hybrid operating room involves certain nonsurgical procedures. It also involves using certain specialized and non-specialized equipment like a portable e-arm and optical imaging. These operating rooms are portable, therefore they’re most desirable for use in remote areas that are out in the boondocks. This is the case in the rural areas of most developing nations. 


These rooms are also great places to perform major and minor types of noninvasive surgeries. Doctors use these for complex surgeries and for imaging jobs. Doctors who do laparoscopic, neurosurgeries, various types of heart surgeries, thoracic and foot surgeries love these operating rooms. They are also great for biopsies. 


COVID-19 analysis


COVID-19 is a dangerous virus that is destiny and a game-changer from a global standpoint. The fact that it can make some people who get it very ill and has resulted in more than a few deaths has made people and governments around the world want to avoid it. 


Governments around the world sought to contain the spread of COVID-19 by imposing mandatory lockdowns and quarantines. these were short-lived since they didn’t really work. In any case, many businesses in all industries were affected by these. They tended to be affected negatively or positively. The hybrid operating room market, in general, was positively affected. The social distancing and lockdowns/quarantines made hospital services hard for most people (especially those in rural areas) to access. They welcomed the services offered by these mobile hybrid operating rooms. 


Market dynamics


drivers


What’s driving growth in the hybrid operating room market is the greater demand for operating rooms that have the latest in medical and operating technologies.. Most advanced hospitals in both developing and developed nations are building or acquiring hybrid operating rooms. People are beginning to recognize the importance of the hybrid operating room because it allows surgeons to perform different procedures and offer different treatments on/for the same people at once 


Opportunities


Many manufacturers of hybrid operating rooms around the world are seeing that there’s a huge revenue-generating potential in the market. That’s why they’re investing heavily in research and development. The goal is to try to develop more technologically advanced operating rooms that can treat people better and allow doctors to operate on patients using the safest and most technologically advanced procedures. 


Restraints


Hybrid operating rooms are extremely expensive. This is one key factor that’s holding back growth in this market. 


Challenges


Perhaps the biggest challenge that manufacturers in the hybrid operating room market face lie in trying to create rooms with the latest in technology that is in the affordable price range for most health institutions. 


Cumulative growth analysis


The CAGR for the hybrid operating room market is 12.5%. The hybrid operating room market is expected to be valued at USD 1,804 million by 2026. 


Technology analysis


Johnson & Johnson Services is a major player in the hybrid operating room market. It became an industry leader by investing heavily in research and development. This allowed it to develop a new generation of hybrid operating rooms. It was able to sell these at a higher price point. This also allowed it to create a sustainable competitive advantage. 


Segment overview


By technique


The hybrid operating room market is grouped into the following sub-segments based on technique:



  • Fluoroscopy and data acquisition

  • Rotational angiography

  • Digital subtraction angiography

  • Others 


By application


The hybrid operating room market is grouped into the following sub-segments based on application:



  • Cardiovascular

  • surgery

  • Neurosurgery

  • Thoracic surgery and endobronchial procedures

  • others 


By end-user


The hybrid operating room market is grouped into the following sub-segments based on end-user:



  • Hospitals

  • Clinics

  • Medical research firms

  • Others


Regional analysis


The hybrid operating room market is segmented into the following regions:



  • The Americas

  • The European Union

  • Asia-Pacific

  • The Middle East and North Africa 


The Americas lead in terms of hybrid operating room market size and share. There are many reasons for this. One is because this market has a large number of companies that invest heavily in medical research and development. This is especially true in the United States and Canada. The economies in the United States and Canada are also large enough to support this type of large-scale investment in research and development. Both nations have high economic growth. This is a key factor that drives investment in medical research and development. 


More and more people throughout the Americas are opting for non-invasive surgeries. This is also a huge hybrid operating room market growth driver. More and more people (understandably) want to have their surgeries done in advanced rooms that have the latest in medical technology and equipment. 


The European Union has the second largest hybrid operating room market share. The Asia-Pacific region is modernizing rapidly. It has the third-largest hybrid operating room market share. The governments in the Asia-Pacific region also have more money than they can invest into hybrid operating rooms. More and more people and governments in this region are learning about the many benefits and advantages that hybrid operating rooms offer. They want to enjoy these advantages and benefits. 


More and more hospitals in the Asia-Pacific region are equipping themselves with state-of-the-art hybrid operating rooms. People are getting richer throughout the Asia-Pacific region. Therefore, they can afford these more expensive non-invasive surgeries. Finally, most nations in the Asia-Pacific region have a large population base that’s growing rapidly. 


The Asia-Pacific region is a hotbed for communicable diseases. This is a key hybrid operating room market growth driver. In fact, COVID-19 has run amok in both India and China. 


The Middle East and North Africa are showing weak growth in the hybrid operating room market. This region is politically unstable. It’s this political instability that is holding economic growth back in the region. Governments in this part of the world are also cash strapped. This is a major factor that’s restricting growth in the hybrid operating room market. The fact that this region lacks staff who are trained to use these rooms and their technologies doesn’t help either. 


Competitive landscape


The hybrid operating room market is very competitive. The fact that the market has a high CAGR is enticing a lot of companies to enter the market despite the fact that high initial capital investment requirements is a considerable barrier to entry. The market is also highly fragmented. 


Companies find that they can survive only by being innovative and creative. They are turning to three major ways to do this:



  • Heavy investment in research and development. Companies can develop better hybrid operating rooms with more innovative applications, uses, and technologies. This helps them stay ‘ahead of the curve’ in terms of market developments. It also tends to allow them to justify charging more for these rooms and it helps them create a sustainable competitive advantage.

  • Merging with and acquiring other successful companies. Companies increase their resources when they merge with and acquire other successful companies. This allows them to invest much more in research and development. Thus they can develop more technologically advanced hybrid operating rooms that will sell at much higher prices. These companies also increase their manpower when they merge with and acquire other successful companies. They can then market these rooms better. It’s also possible for them to enter new markets and solidify their positions in existing markets by merging with and acquiring other successful companies.

  • Entering into strategic partnerships allows companies to increase their knowledge bases and resource pools in terms of financial power (money) and manpower. They can then enjoy the same advantages and opportunities that companies that merge with and acquire other companies have. Incidentally, they can also enter new markets, consolidate customer bases in existing markets, and solidify and expand their presence in existing markets. 


Cook medical inc is a major American player in the hybrid operating room market. It is an industry leader because it invested heavily in research and development. This allowed it to generate more technologically advanced and sophisticated hybrid operating rooms. It was also allowed to create a sustainable competitive advantage and substantially raise the prices of its new products. 


List of companies



  • Cook Medical Inc. (US),

  • Eschmann Equipment (UK),

  • General Electric Company (US),

  • Johnson & Johnson Services, Inc. (US),

  • Maquet Holding BV & Co. KG (Germany),

  • Mediflex Surgical Products (US),

  • Mizuho OSI (US),

  • NDS Surgical Imaging (US),

  • Koninklijke Philips N.V (the Netherlands),

  • SISCO Ltd (India), STERIS plc.(US), and

  • Siemens Healthcare GmbH (Germany). 


Recent developments



  • Johnson and Johnson's services are ramping up new vaccine production 


Report overview


The CAGR for the hybrid operating room market is 12.5%. The market is expected to be worth USD 1,804 million by 2026. The Americans may have the highest market share but the Asia-Pacific region has the highest growth potential. The increased demand for safer facilities to do noninvasive surgeries in has driven demand for these rooms. 



Report Scope:

Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   12.5% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Techniques, Applications and End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors    Cook Medical Inc. (US), Eschmann Equipment (UK), General Electric Company (US), Johnson & Johnson Services, Inc. (US), Maquet Holding BV & Co. KG (Germany), Mediflex Surgical Products (US), Mizuho OSI (US), NDS Surgical Imaging (US), Koninklijke Philips N.V (the Netherlands), SISCO Ltd (India), STERIS plc.(US), and Siemens Healthcare GmbH (Germany)
  Key Market Opportunities   Huge investment for research and development in healthcare and strong economic conditions
  Key Market Drivers   Increasing demand for technologically advanced operating rooms and equipment in the healthcare domain


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Frequently Asked Questions (FAQ) :

The outlook of the hybrid operating room market looks very promising.

The hybrid operating room market is estimated to grow at 12.5% CAGR during forecast period (2018-2023).

Augmenting demand for advanced operating rooms & equipment across the globe.

North America holds the largest share in the global hybrid operating room market followed by Europe and Asia Pacific, respectively.

Eschmann Equipment (UK), Cook Medical Inc. (US), General Electric Company (US), Maquet Holding BV & Co. KG (Germany), Johnson & Johnson Services, Inc. (US), Mediflex Surgical Products (US), NDS Surgical Imaging (US), Mizuho OSI (US), Koninklijke Philips N.V (the Netherlands), STERIS plc.(US), SISCO Ltd (India), and Siemens Healthcare GmbH (Germany), are some of the major players operating in the hybrid operating room market.