Operating Room Management Systems Market Technology and Trend Report 2019, Global Forecast to 2023

 Operating Room Management Systems Market Research Report: by Device (Operating Tables Types, Operating Room Lights, Intraoperative Diagnostic Devices, Operating Room Communication Systems), Surgical Application (Therapeutics Application, Diagnostics Imaging Application), Type (Operating Room and Procedure Scheduling System, Recording and Documentation System, Instrument Tracking System, Audio and Video Management System, Operating Room Inventory Management System, Anesthesia Information Management), and Region - Forecast to 2023

Market Insights

Rapid expansion of the global healthcare sector has resulted in increased efficiency of several medical processes. Operating room integration systems offers consolidation of large volumes of data and allows control from a central command station, thus increasing efficiency in the operating room. Market Research Future's detailed analysis of the global Operating Room Management Systems Market has led to several key findings which offer conclusive information regarding the growth of the market over the forecast period from 2018 to 2023.

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In 2017, at the start of the forecast period, the Operating Room Management Systems Market was valued at USD 766.88 Mn and is projected to expand at an optimistic CAGR of 10% during the review period. Following this trajectory, the Operating Room Management Systems Market is likely to reach a market value of USD 1,521.81 by 2023.

Advancement of medical technology has resulted in the rapid development of advanced diagnostic, and therapeutic technology, thus making operating rooms more complex and increasingly congested. As such, integration has been deemed necessary for maintaining efficiency in operating rooms. Integrated operating room systems offer simplification and streamlining of several operating room tasks. The increasing prevalence of various diseases and medical conditions due to the growth of the global population as well as changing lifestyles has led to a significant increase in the number of surgeries being performed across the globe, thus driving market growth. Additionally, insurance reimbursements for surgeries have been improving considerably. For instance, according to the Surgical Neurology Internation, Medicare reimbursed USD 142,075 for neurosurgeries and a similar amount for orthopedic surgeries. As a result, more patients are choosing otherwise unaffordable surgical treatments, thus increasing demand for efficient surgical operations and procedural management.

Notably, risk factors associated with surgeries make patients hesitant to receive surgical operations, and despite favorable reimbursement policies, hospitalization comes with a hefty bill which further discourages patients and restrains market growth. However, with medical tourism growing at a rapid rate, patients are likely to go to regions like the Asia Pacific for treatment, thus creating opportunities for growth in the foreseeable future

Market Segmentation

The Operating Room Management Systems Market which is composed of various components has been segmented, in MRFR's report on the basis of device, surgical application, type, and region. Devices in integrated operating room systems have been segmented into operating tables, operating room lights, operating room communication systems, intraoperative diagnostic devices, and others. The operating tables segment has captured the largest share of the market and is expected to proliferate at a CAGR of 10.3% during the assessment period. Growing at a marginally faster rate is the intraoperative diagnostic devices segment.

Surgical applications of integrated operating room systems have been segmented primarily into therapeutics and diagnostics imaging. Further sub-segmentations have been mentioned in the report. Rising incidences of cardiovascular diseases have propelled the therapeutics segment into a leadership position. This segment is also anticipated to grow at the fastest pace over the forecast period.

Types of integrated operating room systems have been segmented to include recording & documentation system, operating room & procedure scheduling system, anesthesia information management, audio & video management system, instrument tracking system, and operating room inventory management system. Increasingly enhanced processes of patient care and quality assurance has given the Anesthesia Information Management Systems an advantage over other segments in terms of market size. Valued at USD 173.02 Mn in 2017, the Operating Room Management Systems Market is on track to reach USD 351.65 Mn by the end of 2023.

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Key Players

Market Research Future has included a detailed review leading market players' growth strategies. Prominent market participants that have been reviewed in the report include KARL STORZ GmbH & Co. KG, Cook Medical, Steris plc, Johnson & Johnson Services Inc, Canon Inc., GE Healthcare, Olympus Corporation of the Americas (Image Stream Medical Inc.), Koninklijke Philips N.V., Danaher Corporation (Leica Microsystems GmbH), Stryker Corporation, Skytron LLC, and Barco.