Operating Room Market, by Devices (Audio Video Management Systems, Display Systems, Documentation Management Systems), Application (General Surgery, Orthopedic Surgery, Neurosurgery, Others), End-Use (Hospitals, ASCs), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Operating Room Market, by Devices (Audio Video Management Systems, Display Systems, Documentation Management Systems), Application (General Surgery, Orthopedic Surgery, Neurosurgery, Others), End-Use (Hospitals, ASCs), and Region ...
The Operating Room Market was valued at USD 2.3 billionin 2020 and is projected to reach USD 4.5 billionby 2026, registering a CAGR of 12.1% during the forecast period.
An operating room is a facility within a hospital where surgical operations are carried out in an aseptic environment. These rooms are supplied with oxygen, wall suction, and possibly other anesthetic gases. Key equipment comprises the operating table and the anesthesia cart. Also, there are tables to set up instruments. There is a storage space for common surgical supplies. There are containers for disposables.
Operating Room Market Report Overview
Market Size in 2026
USD 4.5 billion
Market Size in 2020
USD 2.3 billion
Market Growth (2021-2026)
12.1% CAGR
Base Year of Study
2020
Trend Period
2016-2019
Forecast Period
2021-2026
Key Players
Key players operating in the operating room market are-
Technological Developments: The need for modernizing operating room facilities is being driven by ongoing developments in surgical methods and medical technology, such as robotic surgery systems, minimally invasive surgical instruments, and sophisticated imaging modalities. By enhancing patient safety, lowering complications, and improving surgical results, these technologies are expected to increase investment in and adoption of contemporary operating room configurations.
Growing Number of Surgical Procedures: The global aging population and the increasing incidence of chronic diseases are driving up the need for surgical interventions. There is also an increasing need for well-equipped operating rooms due to the rise in ambulatory surgery centers and outpatient surgeries. In order to accommodate the rising demand for surgical services, healthcare facilities are investing in the expansion and modernization of their operating room infrastructure.
COVID-19 Impact
The COVID-19 outbreak positively influenced the growth of the operating room market. COVID-19 has been designated a public health emergency of international concern, which has generated a need to manage the workforce, space, and provisions in hospitals to offer optimum care to patients. Also, several measures have been implemented to prevent in-hospital transmission. To cope with the rising influx of COVID-19, government and medical authorities are focusing on setting up new hospitals and facilities with a standard OR designated for the surgery of COVID-19 patients.
The market has been bifurcated into hospitals and ASCs. The hospital's segment accounted for a substantial market share in 2020. This is mainly attributed to the high penetration of operating room integration. With the large patient pool being exposed to chronic diseases, there is a growing need for operating room integration to lessen the burden on physicians and complexity so that they can effectively manage their surgical workflow. Moreover, ongoing technology innovations in medical devices are contributing to the rising adoption of operating room integration over the review period.
Regional Analysis
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly ascribed to the surging demand for surgical automation. Also, the surge in demand for efficient healthcare services, a rise in the need to reduce healthcare expenditure, and effective EHR implementation by healthcare organizations further augment the regional market growth. Moreover, the presence of established players in the market, technologically advanced HCIT, and funding to improve OR infrastructure is another factor bolstering the growth of the market for operating room integration, which further proliferates regional growth.
Here is the list of the group of customers that the operating room market hopes to have the greatest opportunity to convert-
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Operating Room Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Recent News & Developments
January 2023: Israel launches first ‘Smart Operating Room’. Launched by the company Autonomi in cooperation with SAREL: Logistics Solutions & Products for Advanced Medicine Ltd., the smart room will focus on inventory management and optimization in the operating room.
November 2022: Stryker unveils new operating room model. Stryker (NYSE:SYK) announced today that it unveiled its “OR of the Future” model operating room at its Flower Mound, Texas facility. The company integrated a range of software and equipment into its “OR of the Future.” It features the Stryker iSuite and Advanced Digital Healthcare portfolios. This allows it to drive predictable and repeatable OR staff behavior to improve workflows.
March 2022: USA Health received unanimous approval from the Alabama Certificate of Need Review Board to construct four new traditional operating rooms, a hybrid operating room and a post-anesthesia care unit at University Hospital.
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An operating room is a facility within a hospital where surgical operations are carried out in an aseptic environment. These rooms are supplied with oxygen, wall suction, and possibly other anesthetic gases. Key equipment comprises the operating table and the anesthesia cart. Also, there are tables to set up instruments. There is a storage space for common surgical supplies. There are containers for disposables.
Stryker Corporation (US), KARL STORZ GmbH & Co. KG (Germany), STERIS plc (US), Skytron LLC (US), Getinge AB (Sweden), Merivaara Oy (Finland), Canon Inc. (Japan), BrainLab AG (Germany), Doricon Medical Systems (US), and Olympus Corporation (Japan) are among the key players in the operating room market.
Rising demand for technologically advanced applications, congestion in Operating Rooms (OR), a growing number of surgical procedures, patient safety concerns in OR along the rise in preference of Minimally Invasive Surgeries (MIS) is some of the key factors propelling the market growth. However, the lack of skilled surgeons in developing economies as well as the high cost of initial investment is expected to hamper the industry growth. This high cost can be due to the high-priced integrated advanced technology which is being adopted in the operating room.
