Operating Room Management Market Research, 2031
The global operating room management market was valued at $3.5 billion in 2021, and is projected to reach $10.0 billion by 2031, growing at a CAGR of 13.0% from 2022 to 2031. The operating room management solution is a comprehensive operating room management system that manages each step of the perioperative process, that include the scheduling management, supply chain management, performance management and quality reporting. The capability to capture, prepare, and access every facet of the perioperative process empowers healthcare professionals to focus on most important patient care services. As the inefficient workflow processes can have a direct impact on patient care and can be quite costly to a healthcare organization, hence, it is always better to have proper insight into operating room information, status, and statistics that help to support the workflow of surgery department. Operating room management system transmits procedures, supply use, operating room time, equipment, staffing, and other data directly to a healthcare organization’s billing system, allowing patient charges to be calculated and communicated seamlessly after the surgical case is complete. This streamlined approach helps reduce irrelevant cost charges and improves time management.
The key drivers of operating room management market size are increase in the pricing pressures on hospitals, concerns over growing of healthcare costs, and increase in advantages of using operating room management systems.
Moreover, rise in adoption of operating room management solutions by hospitals and ambulatory surgery centers, increase in awareness regarding the benefits offered by the operating room management software, surge in prevalence of diseases that require surgical treatment, and increase in geriatric population are other factors are considerably contribute toward the market growth. However, lack of skilled technicians, and high cost of maintenance of systems are negatively impacting the operating room management market size growth. Conversely, increase in the awareness regarding the advanced technologies offers lucrative opportunities for the growth of the operating room management industry.
Impact of COVID-19 Pandemic on Operating Room Management Market Share
The COVID-19 pandemic affected the operating room management market share in a negative way, as various other healthcare information technology industries were affected. The pandemic affected the workforce and also created staffing issues, procedural prioritization, transmission risk of virus during the surgery procedures, and impact on surgical education. This also decreased the number of surgeries performed in hospitals. The establishment of technologies in hospitals was also hampered due to lockdown issues. This has further created the financial revenue loss for various market players. For instance, Finland-based TietoEVRY witnessed a decline in overall revenues in 2020 as compared to 2019 due to the impact of COVID-19. Moreover, Springer Nature analyzed the effect of the COVID-19 pandemic on the number of cases admitted and in-hospital mortality, as well as the prevalence of COVID-19 in general surgery patients in a multi-institutional setting of 66 general hospitals across Germany in 2020. The analysis showed decrease of 22.7% for the total number of patients in general and visceral surgery.
The major disturbance in the demand and supply operating room management system was lack of suppliers as various industries shutdown their business due to the lockdown imposed laws. The supply of operating room management system was further impacted by various transport restrictions imposed globally to curb the spread of the pandemic.
Operating Room Management Market Segmentation
The operating room management market is segmented into End User, Solution and Component. By solution, the market is categorized into data management and communication solution, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and others. On the basis of component, the market is segregated into software and services. On the basis of end user, the market is classified into hospitals and ambulatory surgery centers. The hospitals segment is further divided on the basis of delivery mode into on-premise solutions and cloud-based solutions. The ambulatory surgery centers segment is further divided on the basis of delivery mode into on-premise solutions and cloud-based solutions. Region-wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
Market by Solution Segment Review
By solution, the operating room management market is categorized into data management and communication solution, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and others. The data management and communication solution segment dominated the global market in 2021, and is anticipated to continue this trend during the forecast period. The key factors such as rise in demand for operating room management, surge in awareness of benefits of using operating room management systems, advancements in the management software, and rise in number of cases of chronic diseases lead to increase in surgical procedures, thereby propelling the operating room management market growth.
Market by Component Segment Review
By component, the market is segregated into software and services. The software segment accounted for majority of market share in 2021 and is expected to continue this trend during the forecast period, owing to rise in prevalence of chronic diseases in both, developed as well as developing countries, surge in demand for new and advanced software, rise in number of accidents, and surge in geriatric population facing chronic problems.
Market by End User Segment Review
By end user, the market is segregated into hospitals and ambulatory surgery centers. The hospitals segment accounted for the majority of market share in 2021 and is expected to continue this trend during the operating room management market forecast period, owing to rise number of hospitals and ambulatory surgery centers in both developed as well as developing countries, surge in adoptions of establishing operating room management solutions, rise in number of accidents, and increase in healthcare costs.
Market by Region Review
North America accounted for the largest market share of revenue in 2021, and is anticipated to maintain its dominance from 2022 to 2031, owing to presence of large patient population, strong presence of key players, ease of solutions availability, well developed healthcare infrastructure, and higher adoption of advanced technologies. Moreover, Asia-Pacific is also expected to grow at the highest CAGR, owing to increase in number of accidents on regular basis, and rise in awareness related to different solutions for operating room management industry.
The major companies profiled in the report include Allscripts Healthcare Solutions, Inc., Becton, Dickinson and Company, Cerner Corporation, Constellation Software Inc. (Picis Clinical Solutions Inc.), Epic Systems Corporation, GE Electric Company, Mckesson Corporation, Medical Information Technology, Inc., Steris plc, Surgical Information Systems.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room management market analysis from 2021 to 2031 to identify the prevailing operating room management market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the operating room management market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global operating room management market trends, key players, market segments, application areas, and market growth strategies.
Operating Room Management Market Report Highlights
Market Size By 2031
USD 10 billion
CAGR of 13%
2021 - 2031
By End User
Key Market Players
Epic Systems Corporation., Allscripts Healthcare Solutions, Inc., GE Healthcare, Mckesson Corporation, Steris Corporation, Surgical Information Systems llc, Picis Clinical Solutions Inc, Cerner Corporation, Medical Information Technology, Inc., Becton, Dickinson and Company
The operating room management are used to maximize the number of surgical cases that can be done on a given day while minimizing the required resources and related costs. The operating room management solution is mainly used to increase the performance of operating room both, in terms of efficiency and patient safety.
North America is expected to remain dominant during the forecast period, due to increase in demand for operating room management solutions, rise in prevalence of chronic diseases, and presence of major key players. Moreover, Asia-Pacific is expected to offer lucrative opportunities to key players during the forecast period, due to increase in the number of hospitals equipped with advanced medical facilities along with surge in utilization of operating room management.