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Global Operating Room/OR Integration Market Set to Reach $1.73 Billion by 2024 - Emerging Economies Offer Lucrative Opportunities

/EIN News/ -- Dublin, Nov. 28, 2019 (GLOBE NEWSWIRE) -- The "Operating Room/OR Integration Market by Component (Software, Services), Application (General Surgery, Orthopedic Surgery, Cardiovascular Surgery, Neurosurgery, Thoracic Surgery), End-User (Hospitals, ASC), Region - Global Forecast to 2024" report has been added to's offering.

The operating room integration market is projected to reach USD 1,731.6 million by 2024 from USD 964.7 million in 2019, at a CAGR of 12.4%. In this report, the OR integration market has been segmented on the basis of component, application, end-user, and region.

  • The report analyzes the operating room integration market and aims at estimating the market size and future growth potential of the market and the different application segments, such as general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, thoracic surgery, and other applications.
  • The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.

The growth in this market is driven by the increasing adoption of minimally invasive surgical procedures, redevelopment projects & funding for improving OR infrastructure, and rising need to curtail healthcare costs. In addition, emerging economies (such as China, India, Brazil, and Mexico) are expected to offer lucrative growth opportunities for market players in the market. However, the dearth of skilled surgeons for OR management is adversely impacting the growth of the market.

The prominent players in the operating room integration market are Stryker Corporation (US), STERIS (US), KARL STORZ (Germany), Olympus (Japan), Getinge (Sweden), Alvo Medical (Poland), Skytron (US), Merivaara (Finland), Brainlab (Germany), TRILUX Medical (Germany), caresyntax (US), Sony (Japan), Barco (Belgium), Arthrex (US), and Richard Wolf (Germany).

The software segment accounted for the larger share of the operating room integration market, by component, in 2018

On the basis of component, the market is segmented into software and services. In 2018, the software segment accounted for the larger share of the operating room integration market.

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. Moreover, operating room integration software helps reduce surgical times, improves coordination between healthcare providers, and improves patient safety.

By application, the general surgery segment accounted for the largest market share in 2018

On the basis of application, the market is segmented into general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, thoracic surgery, and other applications (gynecological, urological, ophthalmic, dental, ENT, and pediatric surgeries).

In 2018, the general surgery segment accounted for the largest share of the operating room integration market. Factors such as the increasing 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 this segment.

By end-user, the hospital's segment accounted for the largest market share in 2018

On the basis of end-user, the market is segmented into hospitals and ambulatory surgery centers & clinics. In 2018, the hospital's segment accounted for the largest share of the operating room integration market.

The large share of this segment can be attributed to the rising patient emphasis on timely and effective disease management, rising number of diagnostic and surgical procedures carried out at hospitals and the increasing number of hospitals being set up in developing countries.

The market in the RoW is expected to witness the highest growth during the forecast period

The operating room integration market in the RoW is expected to witness the highest CAGR during the forecast period. This can be attributed to the procedural benefits of integrated ORs, the growing prevalence of chronic diseases, and the rising adoption of advanced surgical treatment methodologies in the region.

Other factors augmenting market growth in this region are the ongoing expansion of the healthcare infrastructure as well as growing market availability of advanced surgical technologies in Brazil and other Latin American countries, ongoing initiatives of governments to enhance their respective healthcare systems, and growing public-private investments for purchasing medical equipment.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Operating Room Integration: Market Overview
4.2 North America: Operating Room Integration Market, By Component (2018)
4.3 Geographical Snapshot of the Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers Increasing Adoption of Minimally Invasive Surgical Procedures Redevelopment Projects & Funding for Improving Or Infrastructure Rising Need to Curtail Healthcare Costs
5.2.2 Restraints Significant Establishment and Operational Costs
5.2.3 Opportunities Growing Healthcare Market in Emerging Economies
5.2.4 Challenges Dearth of Skilled Surgeons for Or Management

6 Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Software Segment Commanded the Largest Share of the Market
6.3 Services
6.3.1 Increasing Adoption of Operating Room Integration Software and the Indispensable & Recurring Nature of Services to Drive Market Growth

7 Market, By Application
7.1 Introduction
7.2 General Surgery
7.2.1 General Surgery Segment Commanded the Largest Share of the Market
7.3 Orthopedic Surgery
7.3.1 Orthopedic Surgery Segment Will Register the Highest Growth During the Forecast Period
7.4 Cardiovascular Surgery
7.4.1 Rising Focus on Integrating Surgical Workflows With Advanced Digital Imaging to Drive Market Growth
7.5 Neurosurgery
7.5.1 Rising Number of Minimally Invasive Neurovascular Surgeries is Fueling the Demand for Integration Solutions
7.6 Thoracic Surgery
7.6.1 Growing Awareness of the Cost & Therapeutic Efficacy Offered By Integrated Ors Will Drive Market Growth
7.7 Other Applications

8 Market, By End-user
8.1 Introduction
8.2 Hospitals
8.2.1 Hospitals Dominate the End-user Market for Or Integration
8.3 Ambulatory Surgery Centers & Clinics
8.3.1 Increasing Number of Ambulatory Surgery Centers Will Drive Market Growth

9 Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US US Dominates the North American Market
9.2.2 Canada Government Initiatives to Support the Adoption of Integrated Ors
9.3 Europe
9.3.1 Germany Germany Dominates the European Operating Room Integration Market
9.3.2 UK Growing Patient Volume to Drive Market Growth in the UK
9.3.3 France Favorable Health Insurance System to Drive the Market for Or Integration in the Coming Years
9.3.4 Italy Growth of Italy's Medical Tourism Sector is Expected to Contribute to the Demand for Or Integration
9.3.5 Spain Healthcare Expenditure has Decreased in Spain, While Waiting Times Have Increased
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan Supportive Reimbursement Policies to Drive Market Growth in Japan
9.4.2 China Large Patient Population and Healthcare Infrastructure Improvements to Drive Market Growth
9.4.3 India Rapidly Growing Indian Healthcare Industry & Growing Medical Tourism are Driving the Demand for Integrated Operating Rooms
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America Brazil, Argentina, and Mexico are Emerging Healthcare Markets in Latin America
9.5.2 Middle East & Africa Uae Offers Significant Growth Opportunities in the Region

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Competitive Leadership Mapping (2018)
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Scenario
10.4.1 Key Product Launches & Enhancements
10.4.2 Key Acquisitions
10.4.3 Key Expansions

11 Company Profiles
11.1 Stryker Corporation
11.2 Steris PLC
11.3 Karl Storz SE & Co. KG
11.4 Olympus Corporation
11.5 Getinge AB
11.6 Alvo Medical
11.7 Skytron
11.8 Merivaara Corporation
11.9 Brainlab AG
11.10 Trilux Medical GmbH & Co. KG (A Subsidiary of Mizuho OSI)
11.11 Caresyntax
11.12 SONY Corporation
11.13 Barco
11.14 Arthrex Inc.
11.15 Richard Wolf GmbH

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