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The Integrated Operating Room System Market registered USD 1.56 Billion in 2019 and it is estimated to reach more than USD 4.19 Billion by 2028, likely to grow with a CAGR of 11.6 % during the forecast period
The integrated operating room system is designed to simplify and streamline the OR by consolidating data, access to video, and controls for all of the devices used in an operating room at a central command station. The system allows the staff to perform many of their tasks efficiently without needing to move around the OR. Integration of operating room involves suspending monitors and imaging modalities within the OR, removing trip-hazards caused by cabling and allowing for easy access and visibility to surgical video. OR Integration technology is available in a wide variety of systems and prices, which supports low-complexity operating rooms to high-volume, complex operating rooms.
Benefits offered by integrated operating room systems to augment its demand over the forecast period
The healthcare sector across the world is continuously advancing at a rapid rate. Operating Rooms are increasingly becoming congested and complex with a multitude of OR devices and monitors making it difficult for the surgical staff to move around the OR. The use of integrated systems in the OR consolidates and organizes all patient data for the staff during a surgical procedure, minimizing congestion and streamlining information across multiple platforms. It also reduces the time consumed, increases patient safety and operational efficiency. In addition, the growing incidences of chronic diseases are increasing the number of minimally invasive surgical procedures. Therefore, the rising number of minimally invasive surgeries coupled with the growing demand for improved patient safety drives the growth of the integrated operating room system market. Furthermore, the rise in healthcare spending across the world boosts the adoption of the integrated operating room system in ASCs and hospitals. However, the high operational cost of these integrated systems is likely to hinder the growth of the market. Moreover, the employment of intelligent the growing healthcare sector in developing regions is anticipated to create fruitful opportunities for the growth of the integrated operating room system market.
Growing demand for high definition (HD) display systems in operating rooms to drive the growth of integrated operating room systems
The integrated operating room system market is classified as product types, applications, and end-users. The product types are further bifurcated into audio and video management systems, high definition (HD) display system, and documentation and recording systems. Among them, the high definition (HD) display system is expected to hold a significant share in the integrated operating room system market due to the increasing usage of high definition (HD) display system in minimally invasive surgeries. The applications are further segmented as general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, and thoracic surgery. Among them, general surgeries dominated the integrated operating room system market as a large number of general surgical procedures are performed using integrated OR systems as these systems help in easily route A/V sources and effectively control surgical equipment. In addition, the number of general surgeries is expected to increase dramatically by 2020 as a result of the aging population. The end-users in the integrated operating room system market include hospitals and Ambulatory Surgical Centres. Among them, hospitals account for the largest share in the integrated operating room system market as a large number of major hospitals have adopted OR integration solutions. The integration of OR allows the hospitals to locate equipment in the OR and improve the precision and predictability of surgical services, which will improve its adoption over the forecast period.
North America to lead the integrated operating room systems market, accounting for 35.78% market share in 2019
Geographically, North America holds the largest share in the global integrated operating room system market and is expected to continue its dominance over the forecast period. The factors such as high spending capacity of the population, established healthcare facilities and high rate of adoption of technologically advanced solutions are propelling the growth of North America's integrated operating room system market. Moreover, Asia Pacific is projected to grow at the fastest CAGR owing to the increasing adoption of integrated OR systems in major countries such as China, Japan, India, and South Korea. Additionally, the augmenting demand for improved patient safety, upsurge in the number of minimally invasive surgical procedures and the increasing number of ASC in this region will contribute to the growth of the Asia Pacific integrated operating room system market.
Product innovations to remain the key strategy of the major players in the integrated operating room system market
The integrated operating room system market is fragmented and intensely competitive in nature. The major players in the market include Stryker Corporation, Steris PLC, Karl Storz GmbH & Co. Kg, Olympus Corporation, Getinge AB, Alvo Medical, Skytron, LLC, Merivaara Corporation, Brainlab AG and Trilux Medical GmbH & Co. KG among others. The key players are focusing on enhancing their product portfolio to gain a competitive advantage in the market. For instance, in January 2020, DePuy Synthes launched the SYMPHONY Occipito-Cervico-Thoracic System. The SYMPHONY System helps streamline procedures and create efficiencies for the surgeon and operating room staff for stabilization of the spine in patients undergoing posterior cervical fusion surgery.
Global Integrated Operating Room System Market by Product Types:
- Audio and video management system
- High definition (HD) display system
- Documentation and recording systems
Global Integrated Operating Room System Market by Application:
- General Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Thoracic Surgery
Global Integrated Operating Room System Market by End Users:
Global Integrated Operating Room System Market by Region:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America