PUBLISHER: The Business Research Company | PRODUCT CODE: 1619796
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619796
Operating room management involves the systematic organization and coordination of activities within an operating room to ensure efficient and effective surgical procedures. This process includes managing staffing, scheduling, equipment, and supplies while maintaining a sterile environment and adhering to safety protocols. The goal of effective management is to enhance patient outcomes, optimize resource utilization, and improve overall operational efficiency.
The primary types of operating room management include scheduling and workflow management solutions, data management and communication solutions, supply management solutions, anesthesia information management solutions, performance management solutions, and others. Scheduling and workflow management solutions are software tools designed to optimize the scheduling of surgeries and streamline workflows in operating rooms, ensuring efficient resource use and minimizing delays. Operating room management solutions are provided through various components, including software and services, and are tailored to support different stages of the surgical workflow, such as preoperative, intraoperative, and postoperative phases. These solutions can be delivered via on-premise, cloud-based, or web-based models and are utilized in hospitals, ambulatory surgical centers, specialty clinics, and other healthcare settings.
The operating room management market research report is one of a series of new reports from The Business Research Company that provides operating room management market statistics, including operating room management industry global market size, regional shares, competitors with an operating room management market share, detailed operating room management market segments, market trends and opportunities, and any further data you may need to thrive in the operating room management industry. This operating room management 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 management market size has grown rapidly in recent years. It will grow from $2.94 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth during the historic period can be attributed to the rising number of surgical procedures, an increasing emphasis on cost control, a stronger focus on patient management, improvements in workflow efficiency, and the influence of healthcare regulations and quality standards.
The operating room management market size is expected to see rapid growth in the next few years. It will grow to $4.80 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth projected for the forecast period can be attributed to the high prevalence of chronic diseases, a growing emphasis on workflow optimization, an increase in ambulatory surgical centers, the adoption of electronic health records, and rising patient expectations and experiences. Key trends expected during this period include the integration of advanced technologies, a greater focus on data integration, the use of artificial intelligence (AI) and machine learning (ML), expansion of cloud-based solutions and inventory management, and the consolidation of patient tracking into a unified system.
The rising number of surgical procedures is expected to drive the growth of the operating room management market in the coming years. Surgical procedures are medical interventions that involve making incisions in a patient's body to treat or diagnose a condition or improve function. The increase in surgical procedures is driven by factors such as an aging population, advancements in medical technology, greater awareness, and improved access to healthcare. Operating room management enhances the efficiency, resource utilization, and patient outcomes of surgical procedures through effective scheduling, staffing, and workflow coordination. For example, in June 2024, the American Society of Plastic Surgeons, a US-based professional organization, reported that around 1.6 million cosmetic surgical procedures were performed in 2023. As a result, the growing number of surgical procedures is fueling the expansion of the operating room management market.
Key players in the operating room management market are focusing on creating innovative solutions, such as AI-powered technology services, to boost hospital efficiency, increase surgical volume, and improve profitability by optimizing operating room resources and workflows. AI-powered technology services use machine learning and other AI techniques to automate, enhance, and optimize various tasks and processes, offering intelligent solutions that evolve over time. For instance, in March 2023, LeanTaaS, Inc., a U.S.-based software development company, introduced Perioperative Transformation as a Service (TaaS). This platform combines AI and workflow automation with a team of perioperative experts to enhance surgical case volume, operating room utilization, and staffing. It aims to significantly improve hospital efficiency, profitability, and patient care by increasing operating room access, refining scheduling, and implementing data-driven block governance.
In October 2023, Vizient Inc., a U.S.-based healthcare performance company, acquired PrefTech Inc. for an undisclosed amount. This acquisition enhances Vizient's technological capabilities and underscores its commitment to improving operational efficiency and patient care in the healthcare sector. PrefTech Inc., a U.S.-based software company, specializes in healthcare technology and offers a cloud-based operating room management platform.
Major companies operating in the operating room management market are Cardinal Health, Becton Dickinson And Company, GE Healthcare, Owens & Minor Inc., Steris Corporation, Epic Systems Corporation, Getinge AB, Karl Storz, Barco Electronic Systems Pvt Ltd, eClinicalWorks, Leap Rail Inc. (Veradigm), Medical Information Technology (Meditech), Richard Wolf GmbH, Brainlab AG, Surgical Information Systems, Caresyntax, Qventus Inc., Censis Technologies, Picis Clinical Solutions Inc, Tedisel Medical, caseCTRL, Medicad
North America was the largest region in the operating room management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operating room management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the operating room management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The operating room management market includes revenues earned by entities by providing services such as surgical staff training programs, equipment maintenance, and support services, surgical team coordination services, consulting for efficiency optimization, and remote surgical assistance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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 Management 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 management 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 management ? 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 management 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.