The report "Operating Room Integation Market by Component (Software, Services), Application (General, Orthopedic, Cardiovascular & Neurosurgery), Device (Audio & Video Systems, Display, Document Management), End User (Hospital, ASC) & Region - Global Forecast to 2028", is projected to reach USD 3.7 billion by 2028 from USD 2.1 billion in 2023, at a high CAGR of 12.1% during the forecast period
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Factors such as growing
demand for technologically advanced solutions, rising funding initiatives for
improving HCIT infrastructure increase in the number of surgical procedures, ,
rise on emphasis on cost control and improvement in hospitals
operations are aiding to the posticve growth of this market. However,
interoperability issues the high setup and operational costs, ,and shortage of
skilled surgeons in OR integration are expected to restrain market growth to a
certain extent.
Software segment accounted for the largest share of
the operating room integration market, By Technology
The
software segment accounted for the largest share, by component in the operating
room integration market in 2022. The large share of OR integration software is
attributed to reduced surgical times, improved patient safety and improved
coordination between healthcare providers. The software helps in optimizing the
workflow within the operating room by automating routine tasks and coordinating
activities. Additnally it provides centralized control and management of
equipment, lighting, video routing, and documentation. This streamlines processes,
reduces manual intervention, and enhances overall efficiency. It is designed to
be expandable and adaptable to evolving technology and workflow needs. It can
integrate with new devices and systems as they are introduced in the operating
room, ensuring long-term usability and future-proofing the investment.
The orthopedic surgery segment is expected to
witness the highest growth rate in the operating room integration market, by
application
Based
on application, the orthopedic surgery segment is expected to register the
highest CAGR during the forecast period. Orthopedic surgery aims to attenuate
the pain caused by musculoskeletal conditions such as joint arthritis,
fractures, torn ligaments, or herniated discs. By addressing the underlying
issue, surgery can provide significant pain relief and improve the patient's
quality of life.Moreoever, advent of technological advancements in
robot-assisted orthopedic surgeries, increasing inclination towards minimally
invasive surgeries due to benefits in orthopedic applications (such as
decreased procedural trauma, faster patient recovery, and decreased hospital
stay) are fators driving the growth of this segment.
North America dominated the operating room
integration market in 2022
North
America held the largest share of the operating room integration market in
2022, followed by Europe and Asia Pacific. This region has been at the
forefront of implementing advanced technologies and integrated systems within
operating room, factors such as increasing need to curtail healthcare costs,
rise in inclination towards minimally invasive surgeries, growing
adoption rate of integrated operating rooms among healthcare providers, growth
in the number of ambulatory surgery centers ,in addition to that significant
adoption and advancements in OR integration, with healthcare facilities
leveraging integrated systems, audio-visual capabilities, data integration, and
collaboration tools to improve surgical processes and patient care have also
supported the growth of this market in North America.
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Stryker Corporation (US), STERIS Plc (US), Karl
Storz SE & Co. KG (Germany), Olympus Corporation (Japan), and Getinge AB
(Sweden) are the major players in this market. These companies are majorly
focusing on the strategies such as agreements, collaborations, partnerships,
and service launches in order to remain competitive and further increase their
share in the market.
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