PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498810
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498810
Operating Room Integration Market size was valued at USD 2,215.2 Million in 2023, expanding at a CAGR of 14.00% from 2024 to 2032.
Operating Room (OR) Integration Systems are sophisticated platforms that integrate multiple technologies and equipment in the operating room to improve surgical efficiency and efficacy. These technologies enable continuous communication, data exchange, and coordination between surgical devices, medical staff, and ancillary systems, resulting in a more efficient workflow and better patient outcomes. The integration includes surgical equipment, video screens, and patient information systems, which provide real-time data access and viewing during procedures.
Operating Room Integration Market- Market Dynamics
Increasing Demand For Minimally Invasive Surgery (MIS)
The rise in minimally invasive surgery (MIS) is driving rapid growth in the global market for operating room integration systems. These tools, which are critical for navigating the complexity of MIS, deliver real-time data and high-definition visualization. A McKinsey & Company research from 2021 states that hospitals with modern integration systems have 30% shorter treatment times and 20% lower complication rates in MIS operations. According to estimations from the American Society for Healthcare Engineering and Planning, the US market for integrated ORs will be worth $3.4 billion in 2025. This trend demonstrates the importance of MIS in driving investment in operating room integration solutions.
Operating Room Integration Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.00% over the forecast period (2024-2032)
Based on Component segmentation, software was the leading type in 2023
Based on Device Type segmentation, Documentation Management, and Recording System is the dominating segment in 2023
Based on Application segmentation, In 2023, General Surgery was the main type.
On the basis of region, North America was the leading revenue generator in 2023
The Global Operating Room Integration Market is segmented on the basis of Component, Device Type, Application, End Use, and Region.
The market is divided into three categories based on Components: Hardware, Software, and Services. The software sector led the market in 2023, owing to the numerous advantages connected with its use. These integrated software solutions provide continuous connectivity between multiple devices in the OR, streamlining surgical operations and ensuring ease of use and effectiveness. Furthermore, organizations are establishing their position in the operating room integration market by implementing ambitious strategies in order to increase their portfolio.
The market is divided into four categories based on Device Type: Audio Video Management System, Display System, Documentation Management and Recording System, and Others. In 2023, the Documentation Management System segment emerged as the leading challenger in the Device Type category. This dominance can be attributed to a number of causes, including the global healthcare industry's growing emphasis on digitalization and efficient documentation processes. Documentation Management Systems are critical in refining workflow operations and increasing the overall efficiency of operating rooms. These systems enable the efficient capture, storage, retrieval, and management of critical patient data, surgery records, and procedural details. Healthcare practitioners are increasingly preferring these systems, which include advanced capabilities such as real-time data entry, image and video documentation, and connectivity with Electronic Health Records (EHR) systems.
Operating Room Integration Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. In 2023, North America dominated the market, accounting for more than 45.0% of total revenue. Dominance might be linked to the increasing need for surgical automation. The growth in need for efficient healthcare services, the need to cut healthcare cost, and effective EHR adoption by healthcare organizations are all major drivers of market expansion. Other factors driving market expansion include the existence of established companies, technologically improved HCIT, and financing to strengthen OR infrastructure.
Over the forecast period, the Asia Pacific market for operating room integration is expected to grow at the fastest rate. A growing pool of patients suffering from chronic illnesses necessitating surgical treatments, rising demand for advanced medical devices in hospitals, an increase in the number of MIS procedures, and speedily increasing healthcare infrastructure are driving the market. The Indian government launched the National Digital Health Mission in August 2020, which encompasses the entire digital health ecosystem. These activities can help to boost overall market growth.
Companies in the operating room integration market such as Barco, Braiblab AG, Dragerwerk AG & Co. KGaA, KARL STORZ SE & CO. KG, Steris Plc., and Olympus, among others, competitively focus on providing integrated solutions to streamline the workflow and increase patient care in the operating room. Major players in this market are focused on offering integrated operating room systems to surgical teams, audiovisual integration, surgical display systems, and control systems to bring down the healthcare expenses. They are doing this by promoting efficient, safe, and cost-effective surgical practices. A competitive landscape helps a healthcare facility select from a range of solutions in the competitive landscape of integrated solutions optimally. The understanding helps compare functionalities in features and make a judgment on which to choose.
In October 2023, Zimmer Biomet Holdings Inc. made a major move by acquiring ROSA BRAIN, a producer of robotic surgery devices, for $2.7 billion. This acquisition not only broadened Zimmer Biomet's footprint in the surgical robotics sector but also incorporated ROSA BRAIN's superior technology into Zimmer Biomet's existing OR integration solutions.
GLOBAL OPERATING ROOM INTEGRATION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Braiblab AG
Barco
Dragerwerk AG & Co. KGaA
Steris Plc.
KARL STORZ SE & CO. KG
Olympus
Care Syntax
Arthrex, Inc.
Stryker Corporation
Olympus Corporation
Getinge AB
ALVO Medical
Skytron, LLC,
Merivaara
TRILUX Medical GmbH & Co. KG
Caresyntax
Sony Corporation
Richard Wolf GmbH
FUJIFILM Holdings Corporation
Ditec Medical
Doricon Medical Systems
Hill-Rom Holdings, Inc.
EIZO GmbH
OPExPARK
ISIS-Surgimedia,
Meditek
Zimmer Biomet Holdings, Inc.
Others