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 is expected to restrain market growth to a certain extent.
The report Operating Room Integration Market 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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Operating Room Integration Market Dynamics:
Drivers:
·
Rising
demand for technologically advanced solutions
·
Growing
number of surgical procedures worldwide
·
Rising
funding initiatives for the improvement of HCIT infrastructure
·
Increasing
emphasis on cost control in hospitals
Opportunities:
·
Growth
opportunities in emerging economies
Challenges:
·
Shortage
of skilled surgeons in integrated operating rooms
·
Interoperability
issues
Market Segmentation: -
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.
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.
Regional Analysis:
North America held the largest share of the
operating room integration market in 2022, followed by Europe and Asia Pacific.
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Recent Developments
·
In February 2023, KARL STORZ collaborated with
Asensu Surgical (US), Through this collaboration, the company developed
next-generation equipment and also aimed to sell Asensus' Intelligent Surgical
Unit (ISU) as a standalone device.
·
In February 2022, Stryker acquired Vocera
Communications (US). This acquisition offers Stryker's Medical division an
innovative portfolio that boosts the company's Advanced Digital Healthcare
services and advance Stryker's focus on preventing adverse occurrences
throughout the continuum of care.
·
In December 2022, Olympus Corporation (US)
collaborated with Sony Corporation (Japan) for the development of a surgical
endoscopy system with surgical visualization features such as 4K, 3D, infrared
(IR) imaging, and NBI (Narrow Band Imaging).
Top Key Players:
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 strategies such as agreements, collaborations, partnerships, and
service launches in order to remain competitive and further increase their
share in the market.
The operating room
integration market has grown as healthcare facilities seek to enhance surgical
capabilities, improve patient care, and stay updated with the latest
technologies. However, the extent of adoption can vary based on factors such as
healthcare infrastructure, budget constraints, and regulatory environment in
different regions. The market continues to evolve with advancements in technology
and a focus on patient outcomes.
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