Operating Room/OR Integration Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMHOS2686 | Last Updated On: Jun 16 2022 | Available Formats

> Global Operating Room/OR Integration Market Expected to reach a high CAGR of 11.0% during the forecast period 2022-2029: DataM Intelligence

Global Operating Room/OR Integration Market is segmented By Component (Software, Services, Others), By Device Type (Audio & Video Management Systems (Simple Video Management, Advanced Video Management, Data Comparing IP-based Version), Display Systems (Small Display, Large Format Display), Documentation & Recording Systems, Others), By Application (General Surgery, Orthopaedic Surgery, Neurosurgery, Cardiovascular Surgery, Thoracic Surgery, Gynecological Surgery, Dental Surgery, Urological Surgery, Others (Ophthalmic, Pediatric Surgeries, etc.)), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Operating Room/OR Integration Market is expected to grow at a high CAGR of 11.0% during the forecasting period (2022-2029).

Integrated operation rooms (OR) are designed to improve the workflows, procedure guidance, and peer collaboration during surgical procedures. They enhance efficiency and reduce the time & complications of surgeries.

Operating room integration includes devices such as display, audio, and video management that support surgeons for teleconferences, efficient supervision, and recording during surgery.

Modern Operating Rooms (OR) continue to grow in complexity as new devices, processes, and technologies enter the clinical environment. Today's clinicians must deliver safe and effective patient care while also managing budgets, a growing array of surgical technologies, clinical data, communications, and OR safety concerns.

Market Dynamics:-

The global operating room/or integration market growth is driven by rising adoption of minimally invasive surgical procedures, technological advancements in devices, redevelopment projects & funding for improving OR infrastructure.

The increasing prevalence of chronic diseases is expected to drive the market growth:-

 The growing prevalence of chronic and life-threatening diseases is driving the demand for OR integration systems in surgical procedures.

According to the National Cancer Institute, the most common cancers are prostate cancer, breast cancer, lung and bronchus cancer, colon and rectum cancer, melanoma of the skin, bladder cancer, non-Hodgkin lymphoma, kidney and renal pelvis cancer, endometrial cancer, leukaemia, pancreatic cancer, thyroid cancer, and liver cancer. According to the National Cancer Institute, about 57% of new cancer cases in 2012 occurred in developing regions of the world which include Central America and parts of Africa and Asia; about 65% of cancer deaths also occurred in these regions.

As per the International Diabetes Federation, diabetes patients spent US$ 760 billion in 2019, of which, most was spent by Type-1 diabetes patients on insulin drugs. Around 463 million adults (20-79 years) are living with diabetes currently, and by 2045 this is projected to rise to 700 million. The proportion of type 2 diabetes people is increasing in most countries. Also, as per the American Heart Association, in 2015, approximately 41.5% of the U.S. population was suffering from some form of cardiac disease, it is further estimated that this prevalence is likely to increase to 45% by 2035. According to the Centers for Disease Control and Prevention (CDC) of the U.S., about half of the population (47%) of the United States have at least one of these three risk factors.

Segmentation Analysis:-

By product, the reagents segment accounted for the largest share of the global operating room/or integrations market in 2019:-

Based on components, the market is segmented into software and services. Among these, the software segment accounted for the largest market share in 2019. OR integration software helps streamline surgical workflows by enabling seamless communication between different systems as well as ensuring the effective and easier operation of these systems, preferably from a single source. In addition, operating room integration software helps reduce surgical times, improves coordination between healthcare providers, and improves patient safety.

The General Surgery segment is expected to hold the largest market share over the forecast period (2020-2027):-

Based on application, the market is segmented into general surgery, orthopedic surgery, cardiovascular surgery, dental, neurosurgery, thoracic surgery, gynecological, urological, and other applications (ophthalmic, pediatric surgeries, etc.). Among these, the general surgery segment accounted for the largest market share of the operating room integration, owing to the growing incidence of breast cancer, colorectal cancer, liver cancer, GI disorders, and endocrine disorders as well as the rising number of general surgical procedures performed worldwide are driving the growth of the general surgery segment.

Hospitals are expected to dominate the global Operating Room/OR Integration market during the forecast period:-

By end-user, the market is segmented into hospitals, ASCS, and others. Among these, the hospital's segment accounted for the largest market share in 2019, due to the increasing number of diagnostic and surgical procedures carried in hospitals, and the rising number of hospitals being set up in developing countries.

Geographical Analysis:-

North America region holds the largest market share global Operating Room/OR Integration market:-

North America region is dominating the global operating room/or integration market accounted for the largest market share in 2019, due to the rising prevalence of chronic diseases, procedural advantages of integrated ORs, and growing adoption of advanced surgical treatment methodologies in the region. In addition, growing expansion of the healthcare infrastructure as well as growing market availability of advanced surgical technologies, increasing initiatives of governments to enhance their respective healthcare systems are some of the factors contributing to the growth of the market in this region.

Competitive Landscape:-

  • The operating room/or integration market is highly competitive with the presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Karl Storz Se & Co. Kg, Stryker Corporation, Olympus Corporation, Skytron, Steris, Alvo Medical, Steris PLC, Brainlab AG, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the operating room/or integration market globally.  For instance,
  • In April 2019, STERIS, KARL STORZ Endoscopy-America, and American Medical Depot entered into a contract with Defense Logistics Agency to provide integrated operating room components for military services and federal civilian agencies.
  • In November 2017, Getinge partnered with Verb Surgical Inc. to develop a next-generation surgical platform—Surgery 4.0, which included robotics, advanced visualization, advanced instrumentation, operating room integration, and connectivity & data analytics/AI.
  • In April 2017, Stryker opened a new customer experience center in San Jose, California, featuring a high-tech “Operating Room of the Future.”
  • In April 2017, Olympus acquired Image Stream Medical, Inc. to create a leading global systems integration platform.

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