Operating room integration involves combining medical imaging, equipment, and information technology within an operating room to facilitate collaboration among surgical teams. Integrated operating rooms improve surgical workflow efficiency by allowing real-time viewing of operating parameters and medical images. They further enable sharing and storing patient information digitally. This eliminates many flaws associated with paper-based record systems such as inaccurate documentation and illegible entries. The need for integrated surgical suites is being driven by growing acceptance of minimally invasive surgeries along with rising number of complex medical procedures worldwide.
The global Operating Room Integration Market is estimated to be valued at US$ 1.51 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of operating room integration systems is being propelled by increasing demand for improved surgical workflows. Integrated operating rooms help streamline communication between surgical equipment and associated displays. This allows surgeons to focus more on the procedure. Live streaming of medical imaging on high-definition displays further aids in decision making during critical interventions. Major technology players are also focusing on development of user-friendly integration platforms. Such innovations are expected to boost operating room integration uptake over the forecast period.
SWOT Analysis
Strength: The operating room integration market enjoys several strengths, such as increasing demand for advanced integrated operating room systems that enhance workflow efficiency and surgical outcomes.
Weakness: High costs associated with the adoption and installation of integrated OR solutions pose a significant weakness for this market.
Opportunity: Growing adoption of hybrid operating rooms presents an opportunity for market players to tap into as they allow seamless integration and enhance resource utilization.
Threats: Lack of necessary IT infrastructure and IT budgets in healthcare facilities of developing nations pose a threat to market growth.
Key Takeaways
The global operating room integration market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2024 is projected to reach USD 1.51 billion, indicating substantial growth opportunities.
Regional analysis: North America currently dominates the market and is expected to continue its dominance over the forecast period. This can be attributed to factors such as presence of advanced healthcare infrastructure, favorable reimbursement policies, and high adoption of integrated OR solutions among healthcare providers in the region. Asia Pacific is anticipated to grow at the fastest rate owing to rising medical tourism, increasing healthcare spending, and growing focus on upgrade of healthcare facilities.
Key players: Key players operating in the operating room integration market are Fujifilm Medical Systems, U.S.A., Inc., Caresyntax Corporation, Olympus Corporation, Stryker Corportion, STERIS plc., GE Healthcare, Skytron LLC, BrainLab AG, and MedTel Healthcare. These players are focused on adopting organic and inorganic growth strategies like new product launches, partnerships, and mergers & acquisitions to gain a competitive edge in the market.
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- Source: Coherent Market Insights, Public sources, Desk research
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