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2020
Operating Room Integration Market

Operating Room Integration Market

by Device Type (Audio & Video Management Systems, Display Systems, Documentation & Recording Systems, and Others), Application (Urology, Surgery, Neuro, and Others), and End Use (Hospitals & Clinics): Global Opportunity Analysis and Industry Forecast, 2020-2027

Report Code: A03659
Pages: 272
Jul 2020 | 15655 Views
Author(s) : Asavari P, Shantanu S , Vineet K
Tables: 150
Charts: 52
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COVID-19

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Operating Room Integration Market Outlook - 2027

The global operating room integration market size is expected to reach from $1,772.3 million in 2019 to $4,195.9 million by 2027, growing at a CAGR of 11.4% from 2020 to 2027. Integrated operation rooms are designed to improve the workflows, procedure guidance, and peer collaboration during surgical procedures. They aim to maximize efficiency and reduce time & complications of surgeries. Operating room integration includes devices such as display, audio, and video management that support surgeons for teleconferences, efficient supervision, and recording during surgery.

The global operating room integration market growth is expected to register a significant rate during the forecast period, owing to rise in number of surgical procedures, surge in patient preference for minimally invasive surgeries, and patient safety concerns in operating room. Furthermore, numerous advantages of operating room integration such as maximized efficiency, minimized manpower, less surgical time procedure, and managed patient surgical records fuel the growth of the operating room integration market. However, high cost and maintenance of operating room integration system is expected to restrain the market growth. Moreover, potential of the emerging markets such as Asia-Pacific and Southeast Asia is anticipated to provide lucrative global operating room integration market growth opportunity for the market growth in the coming years.

Operating-Room-Integration-Market-2020-2027

The global operating room integration market is segmented on the basis of device type, application, end user, and region. Based on the device type, the market is divided into audio & video management system, display system, documentation and recording system, and others. Further, audio & video management system is classified into simple video management, advanced video management, and data comparing IP-based version. In addition, display system is categorized into small display and large format display. 

Operating Room Integration Market
By Device Type

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Documentation and Recording Systems segment is projected as one of the most lucrative segments.

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Similarly, documentation and recording system segment is divided into standalone recording device and embedded recording software. By application, the market is classified into urology, surgery, neuro, and others. Based on end user, the market is bifurcated into hospital and clinic. Based on region, the market is analyzed across North America, EMEA, China, Asia-Pacific, Southeast Asia, and rest of Asia-Pacific.

Operating Room Integration Market
By Application

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Surgery segment generated the highest revenue in 2019.

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Top Impacting Factors

The significant factors impacting the growth of the global operating room integration market include advancement in surgical procedures, surge in patient preference for minimally invasive surgeries, and patient monitoring to provide safety. However, high initial investment and maintenance of ORI systems hamper the growth of the market. On the contrary, untapped potential of emerging markets is anticipated to provide lucrative opportunities for the growth of the operating room integration market during the forecast period. 

Operating Room Integration Market
By End User

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Hospital segment generated the highest revenue in 2019.

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Some major factors impacting the market growth are given below:

Advancement in surgical procedures

The need to address critical conditions such as cancer has led to rise in number of surgical procedures. This also results in a cumulative increase in number of OR procedures. Growth in geriatric population results in rise in demand for surgeries. Moreover, the plastic & reconstructive surgeries performed for aesthetic/cosmetic purposes have also gained popularity. In addition, health awareness in the emerging economies leads to rise in number of surgeries. Thus, increase in number of surgeries majorly drives the growth of the operating room integration market. 

Operating Room Integration Market
By Geography

2027
North America 
EMEA (Europe Middle East and Africa)
China
Asia-Pacific

Asia-Pacific region would exhibit the highest CAGR of 14.9% during 2020-2027

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Surge in patient preference for minimally invasive surgeries 

Increase in awareness about surgical interventions to treat conditions, such as obesity, has led medical device manufacturer to develop advanced operating room integration system. Furthermore, procedures employing surgical imaging, such as endoscopy, are favored both by medical practitioners and patients alike. Keyhole surgeries are now being executed and substituted for conventional surgical operations. For example, laparoscopy, which is a form of minimally invasive surgery, allows a surgeon to examine organs inside the abdomen and the pelvis without making large incisions. Patients worldwide prefer minimally invasive surgeries, as it gives them the benefit of doubt, pacifies their fears, and provides them with a growth in sense of assurance. Moreover, these surgeries have a higher success rate. 

Patient monitoring to provide safety

Lack of coordination among the surgical team results in increased frequency of errors in the OR. Avoidable errors in the OR, which usually occur either before and/or after the surgical procedures have led to adverse effects, which risk patient safety. These errors include communication breakdown among or within the surgical team, patients & their families and care providers, delay and/or failure in diagnosing the underlying condition, and delay and/or failure in administering timely treatment. Furthermore, crucial decisions such as choosing non-operative and/or observation treatment instead of providing timely surgical care also leads to errors in the operating room. The World Health Organization’s (WHO) Safe Surgery Saves Lives campaign and 5 Million Lives Campaign by Institute for Healthcare Improvement (IHI) are among the various programs that are organized to highlight patient safety issues in the OR. 

Hospital segment impacted positively due to COVID scenario

The COVID-19 has been designated a public health emergency of international concern, which has generated need to manage space, workforce, and provisions in hospitals to provide optimum care to patients. Moreover, several measures have been implemented to prevent the in-hospital transmission. To cope with the increased influx of COVID-19, government and medical authorities are focusing on setting up new hospitals and facilities with a standard OR designated for surgery of COVID patients. These operating rooms are separate from main OR to reduce the risk of contamination. Thus, demand for operating room integration systems for hospitals has been increased in this COVID 19 pandemic.

Competition Analysis

The key players that have major global operating room integration market share include Stryker Corporation, KARL STORZ GmbH & Co. KG, STERIS plc, Skytron LLC, Getinge AB, Merivaara Oy, Canon Inc., BrainLab AG, Doricon Medical Systems, and Olympus Corporation, which are profiled in this report. The EO/IR gimbal industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, agreements, among others to influence the market growth.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global operating room integration market size along with the current global operating room integration market trends and future estimations to depict the imminent investment pockets.
  • The overall operating room integration market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current operating room integration market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.

Operating Room Integration Market Report Highlights

Aspects Details
By Device Type
  • Audio & Video Management Systems
    • Simple video management
    • Advanced video management
    • Data comparing IP based version
  • Display Systems
    • Small Display
    • Large format display
  • Documentation & Recording Systems
    • Standalone recording device
    • Embedded recording device
  • Others
By Application
  • Urology
  • Surgery
  • Neuro
  • Others
By End User
  • Hospital
  • Clinic
By Region
  • North America  (U.S., Canada)
  • EMEA  (Europe, Middle East, Africa)
  • Asia-Pacific  (China, Japan, Australia, India, Southeast Asia, Rest of Asia-Pacific)
Key Market Players BRAIN LAB AG, Canon Inc. (Canon Medical Systems Corporation), DORICON MEDICAL SYSTEMS, GETINGE AB (MAQUET HOLDING B.V. & CO. KG.), KARL STORZ GMBH & CO. KG, OLYMPUS CORPORATION, MERIVAARA CORP., STERIS PLC., STRYKER CORPORATION, SKYTRON LLC
 

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Operating room integration (ORI) is designed to streamline the operating room by consolidating data, providing access to audio & video and controls for all devices at central command station, and allowing the surgeon to perform several tasks efficiently without the need to move around the operating room. In addition, the report studies the global operating room integration market that focuses on various applications such as urology, surgery, neuro, and others.

The global operating room integration market is expected to register a significant growth during the forecast period, owing to rise in number of surgical procedures, surge in patient preference for minimally invasive surgeries, and patient safety concerns in operating room. Furthermore, numerous advantages of operating room integration such as maximized efficiency, minimized manpower, less surgical time procedure, and managed patient surgical records fuel the growth of the operating room integration market. However, high cost and maintenance of operating room integration system is expected to restrain the market growth. 

The operating room integration market provide numerous growth opportunities to the market players such as Stryker Corporation, KARL STORZ GmbH & Co. KG, STERIS plc, Skytron LLC, Getinge AB, Merivaara Oy, Canon Inc., BrainLab AG, Doricon Medical Systems, and Olympus Corporation are some of the key players operating in the industry.
 

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