Number of pages: 100 | Report Format: PDF | Published date: April 20, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 2.01 billion |
Revenue Forecast in 2031 |
US$ 5.46 billion |
Growth Rate |
CAGR of 11.76% from 2023 to 2031 |
Base Year for Estimation |
2022 |
Forecast Period |
2023 to 2031 |
Historical Year |
2021 |
Segments Covered |
Component, Application, Device type, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global operating room integration market was valued at US$ 2.01 billion in 2022 and is expected to register a revenue CAGR of 11.76% to reach US$ 5.46 billion by 2031.
Operating Room Integration Market Fundamentals
Operating Room Integration (OR Integration) refers to using integrated systems and devices in the operating room to improve the efficiency and safety of surgical procedures. OR Integration systems and devices combine various medical devices, equipment, and software to create a unified, streamlined operating room environment. OR Integration systems typically include hardware such as surgical displays, cameras, and video management systems, as well as software for controlling and integrating various devices, documenting the surgical process, and providing real-time communication and collaboration among surgical team members.
The primary goal of OR Integration is to improve surgical outcomes by enhancing the surgical team’s situational awareness and improving the efficiency of surgical procedures. By providing surgeons with high-quality visual information about the surgical site and enabling real-time communication among surgical team members, OR Integration systems can help reduce surgical errors, shorten surgical times, and improve patient outcomes. OR integration is used in various surgical specialties, including general surgery, orthopedics, neurosurgery, cardiovascular surgery, and more. It is used in hospital and ambulatory surgery center settings and is becoming increasingly common as healthcare providers seek to improve the safety and efficiency of surgical procedures.
[86786]
Operating Room Integration Market Dynamics
Rapid advancements in technology have led to the development of advanced surgical tools, equipment, and systems that improve the precision and accuracy of surgical procedures. These advanced systems are integrated into OR Integration systems, leading to improved patient outcomes, reduced surgical errors, and helping in the growing global operating room integration market. Minimally invasive surgical procedures are becoming increasingly popular due to their lower risk of complications, reduced scarring, and faster recovery times. OR Integration systems enable surgeons to perform minimally invasive procedures with greater precision and accuracy, leading to better patient outcomes. Moreover, the demand for surgical procedures is increasing due to the aging population, rising chronic diseases, and the need for elective surgeries. OR Integration systems help improve surgical procedures efficiency, enabling healthcare providers to perform more procedures and reduce waiting times for patients, thus boosting the revenue growth of the global operating room integration market. Furthermore, OR Integration systems are becoming more cost-effective, making them more accessible to healthcare providers. Some benefits include cost savings from improved efficiency, reduced surgical errors, and better patient outcomes.
However, OR Integration systems can be expensive to purchase and maintain, which could make it easier for smaller healthcare providers to invest in these systems. This could limit the market for OR Integration systems, particularly in developing countries where healthcare budgets may be limited. Moreover, OR Integration systems require complex installation and integration with existing hospital systems, which can be time-consuming and expensive. This could make it difficult for healthcare providers to justify the investment in these systems, particularly if they have limited resources. Additionally, resistance to change, concerns about data security, and a need for more trained professionals impede the overall market revenue growth.
Operating Room Integration Market Ecosystem
The global operating room integration market is analyzed from five perspectives: component, application, device type, end user, and region.
Operating Room Integration Market by Component
[868556]
The global operating room integration market is segmented into software and services based on the component.
The software segment dominated the market with the principal revenue share in 2022. The software applications integrate and control various medical devices and systems in the operating room. These software applications simplify the complex and diverse range of equipment used in modern ORs and enable better collaboration and communication among surgical teams. Several software is used in operating room integration, such as integration and control software, operating room management software, medical image management software, audio and video management software, and many more. Operating room management software is used to manage patient information, scheduling, and equipment in the OR. It can also be used to track inventory and manage billing and reimbursement. Audio and video management software is used to capture, record, and manage audio and video feeds from various devices in the OR, such as cameras and microphones. It enables real-time communication between surgical team members and can be used to provide remote consultation and training.
Operating Room Integration Market by Application
Based on the application, the global operating room integration market is segmented into general surgery, orthopedic surgery, neurosurgery, and others.
The orthopedic surgery segment accounted for a prominent market revenue share due to the increasing demand for more efficient and effective surgical procedures, the growing aging population and incidence of musculoskeletal conditions, and the need for better communication and collaboration among surgical teams. The orthopedic surgery application segment refers to using integrated systems and devices to improve the efficiency and safety of surgical procedures in orthopedics. Orthopedic surgery involves the treatment of musculoskeletal conditions, such as fractures, joint replacements, and spine surgeries that require precise and efficient surgical techniques. In orthopedic surgery, various types of surgical imaging systems, navigation systems, integration and control systems, anesthesia, patient monitoring systems, and many more. These factors contribute to the revenue growth of the orthopedic surgery segment.
Operating Room Integration Market by Device Type
Based on the device type, the global operating room integration market is segmented into audio-video management systems, display systems, and documentation management systems.
The documentation management system segment accountsfor a significant market revenue share. Documentation management refers to the software and hardware systems used to manage and document the surgical process. DMS systems are designed to provide an integrated and efficient way to capture, store, and share surgical documentation, including images, videos, and other data. This system assists in managing all records from multiple sources and puts them on a unified platform to assist surgeons with patient histories and other pertinent information during surgery.
The audio-video management system segment dominated the market with the largest revenue share in 2022. The audio-video management system refers to the hardware and software systems that manage audio and video feeds in the OR. The audio-video management system devices are designed to capture, record, and manage audio and video feeds from various devices in the OR, such as cameras and microphones. They enable real-time communication between surgical team members and can be used to provide remote consultation and training. The audio-video management system includes various devices, including cameras, microphones, video recording devices, displays, and many more. These overall factors contribute to the revenue growth of the audio-video management system segment.
Operating Room Integration Market by End User
Based on the end user, The global operating room integration market is segmented into hospitals and ambulatory surgery centers.
The hospital segment is a key player in the operating room integration market, with the largest revenue share in 2022. The segment’s revenue growth is attributed to the increasing demand for more efficient and effective surgical procedures, the growing focus on patient safety and quality of care, and the need for better communication and collaboration among surgical teams. Hospitals are the primary end-users of OR Integration systems and devices, as they perform most surgical procedures. Additionally, the increasing prevalence of chronic diseases and the aging population drive the demand for more advanced surgical procedures, leading to increased adoption of OR Integration systems and devices in hospitals. These overall factors contribute to the revenue growth of the hospital segment.
The ambulatory surgery centers segment is expected to be the fastest-growing segment during the forecast period owing to the increasing demand for outpatient surgical procedures, the growing focus on patient safety and quality of care, and the need for better communication and collaboration among surgical teams. Ambulatory surgery centers are healthcare facilities that provide same-day surgical procedures to patients who do not require hospitalization. Ambulatory surgery is becoming more common in developed countries. The scarcity of hospital beds and limited economic resources are expected to fuel the revenue growth of this segment.
Operating Room Integration Market by Region
Based on region, the global operating room integration market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global operating room integration market with the largest revenue share in 2022 due to the growing need for surgical automation, established competitors in the industry, technologically improved healthcare IT, and increased funding to upgrade OR infrastructure. Additionally, companies across the region are continuously involved in partnerships, mergers, and acquisitions, which are also expected to improve the operating room integration market outlook. For instance, in August 2022, Avail, the digital operating room hub that enables the medical technology (MedTech) and healthcare sectors to collaborate smarter to improve patient care, announced the addition of a 50th MedTech company to its telepresence network. With the signing of this deal, the Avail platform will be able to connect hundreds of thousands of individuals in real-time to cooperate, teach, and exchange surgical and medical technology knowledge across operating rooms and remote locations.
Operating Room Integration Market Competitive Landscape
The prominent players operating in the global operating room integration market are:
Operating Room Integration Market Strategic Developments
The global operating room integration market was valued at US$ 2.01 billion in 2022.
Operating Room Integration (OR Integration) refers to using integrated systems and devices in the operating room to improve the efficiency and safety of surgical procedures.
The expected size of the global operating room integration market in 2031 is US$ 5.46 billion.
The expected revenue CAGR of the operating room integration market during the forecast period is 11.76% from 2023 to 2031.
Some prominent global operating room integration players are Getinge AB, Stryker Corporation, Olympus Corporation, Canon Medical Systems, and TRILUX GmbH & Co.
*Insights on financial performance are subject to the availability of information in the public domain