Operating Room Integration Market : In-Depth Industry Analysis on Size, Cost Structure and Prominent Key Players Analysis | By Kenneth Research

Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the OPERATING ROOM INTEGRATION MARKET during the forecast period.

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Global Operating Room Integration Market is valued approximately USD 0.88 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2019-2026. With the advent of more advanced imaging along with diagnostic technology for the operating room, these rooms are becoming extensively complicated e.g. with the addition of operating room devices, surgical lighting, the image capturing devices and medical displays. Operating Room Integration (ORI) is designed to modernize the operating room by consolidating the data and offering access to audio & video and controls for all devices at central command station, permitting the surgeon to accomplish various tasks efficiently without the necessity to move near the operating room. One of the most important benefit of operating room integration provides is the ability to allow the surgeon to continue operating with real-time information. Rising number of hospitals, increasing adoption of minimally invasive surgical procedure, redevelopment projects & funding for improving healthcare infrastructure, and rising need to curtail healthcare costs are the few factors, driving the growth of the market over the forecast period.

For instance, As per the study of the Statista, the total number of hospitals in China has increased significantly over the last decade from about 197 thousand in 2008 to nearly 33 thousand hospitals in 2018. Also, in 2017, there were approximately 1,920 hospitals in the United Kingdom, up from 1,568 hospitals since 2014, as per the Statista. Moreover, increasing healthcare expenditure and improved healthcare infrastructure in developing countries is likely to create lucrative growth opportunities to the growth of market in the forecasting years. However, limited availability of skilled surgeons for operating room management, and high operational cost are the few factors that acts as a restraint in global Operating Room Integration market.

The regional analysis of global Operating Room Integration Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing prevalence of chronic diseases, and surging adoption of advanced surgical treatment methodologies in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to the rise in health care expenditure, surging number of surgeries, increase in automation technologies and increasing implementation of HMI technology.

Major market player included in this report are:
Steris PLC
Karl Storz Se & Co. Kg
Olympus Corporation
Getinge AB
Alvo Medical
Skytron
Merivaara Corporation
Brainlab AG
SONY Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Software
Services

By Application:
General Surgery
Orthopedic Surgery
Cardiovascular Surgery
Neurosurgery
Thoracic Surgery
Others

By End-User:
Hospitals
Ambulatory Surgery Centers & Clinics

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Operating Room Integration Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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