PUBLISHER: The Business Research Company | PRODUCT CODE: 1458705
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458705
Operating room integration (ORI) involves integrating various technologies, systems, and devices within a surgical or operating room environment to enhance the efficiency, safety, and overall performance of medical procedures. The goal is to create a seamless and interconnected environment that facilitates communication, collaboration, and the integration of data and equipment.
ORI components include software and services. Software enables computers or electronic devices to perform specific tasks, such as managing audio-video systems and displays used in surgeries. These technologies are applied in various surgical procedures, including general surgery, orthopedic surgery, cardiovascular surgery, and neurosurgery, and are utilized in hospitals and ambulatory surgical centers.
The operating room integration market research report is one of a series of new reports from The Business Research Company that provides operating room integration market statistics, including operating room integration industry global market size, regional shares, competitors with a operating room integration market share, detailed operating room integration market segments, market trends and opportunities, and any further data you may need to thrive in the operating room integration industry. This operating room integration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The operating room integration market size has grown rapidly in recent years. It will grow from $1.93 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to several factors. Firstly, there has been significant development in healthcare infrastructure, leading to improved access to healthcare services and facilities. Secondly, there has been a shift towards minimally invasive surgical techniques, which are less invasive and result in quicker recovery times for patients. Lastly, the increasing complexity of surgical procedures has led to greater demand for advanced medical devices and technologies, driving growth in the market.
The operating room integration market size is expected to see rapid growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period is driven by the integration of robotic-assisted surgery and artificial intelligence (AI), the adoption of telemedicine and remote healthcare solutions, increased focus on infection control and patient safety, and an emphasis on data-driven decision-making in healthcare. Major trends in the forecast period include advancements in medical imaging technologies, the development of digital imaging systems, the use of minimally invasive surgery techniques, and the improvement of diagnostic tools.
The rising number of surgical procedures globally is expected to drive the growth of the operating room integration (ORI) market. ORI involves integrating various technologies, systems, and devices within a surgical environment to enhance efficiency, safety, and overall performance. By connecting and coordinating medical devices and data systems, ORI streamlines surgical procedures, improves communication, and enhances precision, leading to better surgical outcomes and patient safety. For example, according to the International Society of Aesthetic Plastic Surgery (ISAPS), plastic surgeons performed approximately 14.9 million surgical and 18.8 million non-surgical procedures worldwide in 2022, marking an 11.2% increase in total procedures. This significant rise underscores the growing need for efficient and integrated operating room solutions to support the increasing volume of surgeries. As such, the demand for ORI is expected to continue to grow as healthcare facilities seek to improve surgical outcomes and enhance patient care.
Major companies in the operating room integration market are focusing on introducing advanced technological solutions, such as next-generation visualization and integration solutions, to enhance their competitive position. These solutions provide a unified view of diverse data or processes in a visual format, improving workflow efficiency and patient care. For example, Olympus Corporation recently launched the EasySuite ES-IP system, a modular and scalable solution designed to provide clinicians and nurses with timely data. The system includes an AVoIP solution for digital operating rooms and catheterization labs, supports hardware expansion, and integrates past, present, and future devices. It features 4K video routing with IP-based fiber optic video switching, interoperability between medical devices, and the ability to display and capture various visuals, including live endoscopes and vitals.
In February 2022, Stryker Corporation, a US-based medical technology company, acquired Vocera Communications for $3 billion. This acquisition is expected to significantly enhance Stryker's advanced digital healthcare offerings, including solutions for operating room integration and digital care coordination. Vocera Communications is a US-based company specializing in providing clinical communication and workflow solutions.
Major companies operating in the operating room integration market report are Johnson & Johnson, Sony Electronics Inc., Siemens Healthineers, Fujifilm Holdings Corporation, Stryker Corporation, GE Healthcare, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Steris Corporation, Arthrex Inc., Hill-Rom Holdings Inc., Getinge AB, Karl Storz SE & Co. KG, Nihon Kohden Corporation, Canon Medical Systems, Barco NV, EIZO Corporation, Richard Wolf GmbH, Brainlab AG, Mizuho OSI, Skytron, NDS Surgical Imaging, Merivaara Corporation, Optovue Inc., IntegriTech
North America was the largest region in the operating room integration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operating room integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the operating room integration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The operating room integration market consists of revenues earned by entities by providing services such as consultation, design, installation, and maintenance of ORI systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The operating room integration market also includes sales of operating room integration systems, wireless communication systems, and medical-grade monitors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Operating Room Integration Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on operating room integration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for operating room integration? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The operating room integration market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.