Integrated Operating Room Management System Market Overview
The integrated operating room management systems market is anticipated to achieve a CAGR of 10.9% while earning revenues valued at USD 5.21 billion in the duration of the forecast period 2023-2032. The market can be ascribed to the rising adoption of minimally invasive surgical procedures, development projects, funding for improving infrastructure, and the growing need to cut down healthcare costs. However, appearing economics are projected to offer lucrative growth opportunities for market players during the anticipated period. In addition, a lack of skilled surgeons for OR management is negatively affecting the market growth. Based on components, the market is categorized into software and services. In 2018, the software section consider a wide share of the market. Operating room integration software assists streamline surgical workflows by allowing seamless communication between several systems as well as ensuring the impact and easier operation of these systems, ideally from a single source.
Growing need for healthcare cost reduction has fueled the industry, as has the increasing use of minimally invasive surgical techniques, construction efforts, investments in healthcare infrastructure, and new product launches. As things stand, however, the economy is expected to provide market participants with profitable growth prospects during the forecast time frame.
The rising need for technologically advanced applications, the rising number of surgical operations, the increasing congestion in Operating Rooms (OR), the rising concern for patient safety in OR, and the rising desire for Minimally Invasive Surgeries (MIS) are the primary drivers driving the market. The demand for surgical instruments and supplies fell as the number of surgical procedures dropped.
The pandemic has also prompted businesses to change the way they function, hastening the process of digitalization. Increased pre-surgery planning, video conferencing, and remote post-surgical patient interaction are three ways in which operating rooms and surgical techniques adapted to the pandemic. In most surgical specialties, preoperative planning is already standard practice. Since preoperative preparations can now be done with other professionals in the office, with minimal contact, there may soon be a better opportunity to take advantage of the preoperative period of surgery.
January 2023: Using a data-driven Virtual Command Center, Cleveland Clinic and Palantir Technologies Inc. established a cooperation in January 2023 to enhance patient access to care and health system resource allocation. Cleveland Clinic has implemented Palantir's Virtual Command Center. According to the press release, it is presently being used as part of the multi-year cooperation to facilitate data-driven decision-making and enhance hospital operations.
Integrated Operating Room Management Systems Market Key Players
- Skytron LLC
- Danaher Corporation (Leica Microsystems GmbH)
- Stryker Corporation
- Olympus Corporation of the Americas (Image Stream Medical, Inc.)
- Johnson & Johnson Services Inc.
- GE Healthcare
- Cook Medical
- Karl Storz GmbH & Co. KG
- Koninklijke Philips N.V.
- Canon Inc
- Steris PLC
The integrated operating room management systems market report presents an understanding of the principal market competitors and offers a thorough assessment of their existing market positions and their strategy looking forward from the present situation. The company profile covers aspects such as growth strategies, segmental share, M&A activities, revenue, SWOT, new product launch, geographical income, and the newest R&D plans form an inherent part of the overall report insights.
The segmentation of the integrated operating room management systems market in MRFR’s reports helps to achieve a better and comprehensive overall understanding of the market.
Integrated Operating Room Management Systems Market Segmentation
Integrated Operating Room Management Systems Device Outlook
- Operating Tables Types
- Operating Room Lights
- Intraoperative Diagnostic Devices
- Operating Room Communication Systems
Integrated Operating Room Management Systems Surgical Application Outlook
Integrated Operating Room Management Systems Type Outlook
- Operating Room and Procedure Scheduling System
- Recording and Documentation System
- Instrument Tracking System
- Audio and Video Management System
- Operating Room Inventory Management System
- Anesthesia Information Management
Philips Virtual Care Management, a comprehensive portfolio of flexible solutions and services to help health systems, providers, payers, and employer groups more meaningfully motivate and deeply connect with patients from virtually anywhere, will launch in March 2023. Royal Philips is a global leader in health technology. Better treatment of chronic disease and fewer emergency room visits are two ways in which Philips Virtual Care treatment can relieve the burden on hospitals. March 2023:
Infor Hospitality Management Solution (HMS) and Infor Sales & Catering (SCS), a combined event management software suite, were implemented at Chichester Park Hotel in March 2023. By centralizing previously separate systems on the cloud, businesses now have a solid basis upon which to build. Chichester Park found the solutions to be user-friendly and appreciated how well they meshed with one another and with other technology. The organization is already reaping the benefits of Infor HMS and SCS, which have secured significant efficiency savings and provided more insightful and easily available data than their predecessors.
Integrated Operating Room Management Systems Region Outlook
- Asia Pacific
- The Middle East & Africa (MEA)
The research process instated at MRFR enables collection of the most relevant and essential information that can aid in an improved understanding of the market. The research process ensures the explicit collation of data in a manner that can provide a succinct understanding of the integrated operating room management systems market. The integration of primary and secondary research approach permits a more inclusive understanding of the market. The research team assiduously filters through the raw data collected on specific industry verticals to bring to the fore information that will play an essential role in the expansion of the market in the coming years. The deployment of top up and bottom down approaches add to the quality of the reports produced on the whole.Recent Development
However, the operating room management system assists to reduce surgical times develops coordination between healthcare providers and develops patient security. On the basis of uses, the market is classified into general surgery, orthopedic surgery, neurosurgery, thoracic surgery, cardiovascular surgery, and other uses. In 2019 the general surgery section consider the largest share of the integrated operating room management system market. Elements such as the rising cases of breast cancer, liver cancer, colorectal cancer, GI disorder, and endocrine disorder as well as the increasing number of general surgical procedures carried out worldwide are boosting the growth of the general surgery section. Based on end-users, the OR market is divided into ambulatory, hospitals, surgery centers, and clinics. In 2019, the hospital section was considered for the widest share of the market. The large share of this section can be ascribed to the increasing emphasis on timely disease management.
- Medical devices companies
- Healthcare service providers
- Research Organizations
- Market research and consulting firms
- Venture capitalists and investors
USD 5.21 billion: 2032
Value (USD Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Device, Surgical Application, Type, Region
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Skytron LLC, Danaher Corporation (Leica Microsystems GmbH), Stryker Corporation, Olympus Corporation of the Americas (Image Stream Medical, Inc.), Barco, Johnson & Johnson Services Inc., GE Healthcare, Cook Medical, Karl Storz GmbH & Co. KG, Koninklijke Philips N.V., Canon Inc, Steris PLC
Key Market Opportunities
Joint ventures, strategic alliances, mergers and acquisitions and new product developments
Key Market Drivers
· Rising level of medical tourism
· Raising the success rate of surgeries
Frequently Asked Questions (FAQ) :
Integrated operating room management systems market projected to grow at a 10.9% CAGR between 2023-2032.
Integrated operating room management systems market is predicted to touch USD 5.21 billion by 2032.
The Americas is expected to lead the integrated operating room management systems market.
The therapeutics segment will lead the integrated operating room management systems market.
High cost and risk factors may limit the integrated operating room management systems market growth.
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