Operating Room Integration Market To Surpass USD 4.92 Billion By 2031

AUSTIN, TEXAS, UNITED STATES, April 26, 2024 /EINPresswire.com/ -- The operating room integration market was valued USD 2.06 Billion by 2023 and expected to reach nearly USD 4.92 Billion by 2031, at CAGR 11.5% for the projected year 2024-2031.

Growing Demand For The Operating Room Integration Market Expansion

The operating room integration market is fueling and driven by several factors such as the demand for advanced tech in surgery is rising, along with the number of procedures themselves. This creates crowded ORs, and improved efficiency is crucial. Minimally invasive surgery (MIS) is a growing trend, requiring specific equipment and contributing to market growth. There's a growing focus on patient safety and improved outcomes. Hospitals are adopting a more patient-centric approach, utilizing ORs more effectively. The benefits of MIS, like shorter stays, are further propelling the market. Additionally, hospitals are integrating systems to streamline complex OR procedures. The need for improved surgical workflow and data management is significant. Sharing and storing surgical video across hospitals is a growing trend, requiring advanced OR integration.

Overall, the rapid evolution of ORs, with a focus on advanced tech, minimally invasive procedures, and improved efficiency, is creating a substantial and growing market for operating room integration solutions.

The Major Key Players In Operating Room Integration Market
-Braiblab AG,
-Barco, Dragerwerk AG & Co. KGaA,
-Steris Plc.,
-KARL STORZ SE & CO. KG,
-Olympus, Care Syntax,
-Arthrex, Inc.,
Stryker Corporation,
Olympus Corporation,
Getinge AB,
ALVO Medical,
Skytron, LLC
and others.

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Segmentation Within The Operating Room Integration Market

By Device Type
-Audio Video Management System
-Display System
-Documentation Management System

By Application
-General Surgery
- Orthopedic Surgery
-Neurosurgery
-Others

By Component
-Software
-Services

By End-Use
-Hospitals
-Ambulatory Surgery Centers

The operating room integration market is fueling, driven by the rise of minimally invasive surgery and the need for improved efficiency. Software is dominate, with integrated solutions streamlining workflows and boosting usability. Services are also growing rapidly, as hospitals seek support for their complex systems.

Within the market, documentation management systems dominating, helping surgeons access vital patient info during procedures. Integrated operating rooms (I-ORs) are gaining traction, replacing cluttered setups with organized environments that minimize trip hazards and equipment damage. Audio-visual systems are another fast-growing segment, fueled by the demand for safe minimally invasive surgeries.

General surgery leads the application segment, with a growing number of minimally invasive procedures being performed. Orthopedic surgery is also poised for strong growth due to the rising demand for these procedures. Hospitals are the primary users of integrated ORs, but ambulatory surgical centers are expected to see significant growth as well.

Leading Region Of The Operating Room Integration Market

North America is the undisputed leader of the operating room integration market, holding over 45% of the market share in 2023. This dominance is fueled by several factors such as there's a growing demand for surgical automation, which improves efficiency and potentially reduces human error. As well as there's a strong focus on improving healthcare services and reducing costs. Hospitals are implementing electronic health records (EHR) more effectively, and this creates a more streamlined environment for integrated operating rooms to function. Finally, North America benefits from a well-established medical device industry, technologically advanced healthcare IT systems, and ongoing investment to upgrade operating room facilities. These factors all combine to make North America a leading for operating room integration.

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Impact Of Geopolitical Tensions On The Operating Room Integration Market

The Russian-Ukrainian war disrupts the operating room integration market. Regulatory changes and stricter compliance standards could emerge due to the conflict, potentially causing delays in product approvals and hindering market growth. Hospitals, especially in affected regions, might put investments in ORI systems on hold, prioritizing urgent needs during this time of economic and political uncertainty. Furthermore, the war could trigger a skilled professionals like healthcare workers and tech specialists may relocate from war-torn areas, leading to a shortage of qualified personnel needed to deploy, train on, and maintain ORI systems in healthcare facilities.

The recession presents another challenge as cost pressures rise in the healthcare industry, hospitals might prioritize initiatives with immediate cost savings or a quicker return on investment. ORI systems, often seen as long-term investments with less obvious benefits, could be de-emphasized. Additionally, industry consolidation due to the recession could lead to fewer buyers with more bargaining power, putting pressure on ORI vendor prices.

Key Insights Of The Operating Room Integration Market

Understand the expected growth rate of the market and identify potential opportunities.
Gain insights into the different segments of the market, such as software, services, and devices.
Identify the surgery types driving market growth, such as general and orthopedic surgery.
Understand where the market is strongest and the factors contributing to that dominance.
Be aware of potential disruptions caused by global events and how to mitigate risks.
Understand how economic downturns might affect customer buying decisions.

TABLE OF CONTENT
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Operating Room Integration Market, By Device Application
9. Operating Room Integration Market, By Application
10. Operating Room Integration Market, By Component
11. Operating Room Integration Market, By End-Use
12. Regional Analysis
13 Company Profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion

continued

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