Operating Room Integration Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Component Type (Software and Service); Device Type (Audio Video Management System, Display System, and Documentation System); Application (General Surgery, Orthopedic Surgery, Neurosurgery, Others); End-Users (Hospitals,  Ambulatory Surgical Centers); Region/Country

Detailed Analysis of COVID-19 Impact on the Operating Room Integration Market

Pages:

288

Table:

54

Figure:

152

Report ID:

UMHE21958

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Research Methodology

Report Description

Operating Room Integration Market
Operating Room Integration Market

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The Operating Room Integration Market is expected to register a CAGR of around 11% over the period of 2021-2027. The integrated operating room is designed to reduce the complexity of the most complex environments in hospitals, private clinics, or medical institutions. The latest integrated operating room is equipped with a variety of surgical equipment, as well as equipment management systems, medical printers, injectors, operating microscopes, surgical lights, cameras, large screens, and air management equipment. The OR integration system not only integrates devices, but also functionally connects OR environments such as patient information systems, audio, video, OR lights, OR tables, and building automation. When all these technologies are integrated, the various devices will be controlled by a single operator who can be a doctor or nurse.

The growing adoption of OR integration can be attributed to the rising prevalence of various surgical procedures coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. Furthermore, the operating room integration market is anticipated to grow on account of the growing technological advancement, ongoing initiatives of governments to enhance their healthcare systems, and the rise in patient safety concerns in the operating room. Thereby, boosting the operating room integration market globally.

Furthermore, the leading manufacturers are currently focusing on integrating advanced technology into their existing OR integration systems. They are also investing heavily in improving their OR infrastructure and developing notable health informatics (HCIT) systems that are driving market growth. For instance, on April 30, 2020, Fujifilm Medical Systems, U.S.A., Inc. announced that entered into a collaboration with Caresyntax corp., a leading developer in surgical automation, and analytics software to supply Fujifilm Systems Integration, which will use Caresyntax’s proprietary operating room (OR) integration and workflow automation intelligence.

Stryker Corporation, KARL STORZ GmbH & Co. KG, STERIS plc, Skytron LLC, Getinge AB, Merivaara Oy, Canon Inc., BrainLab AG, Doricon Medical System, Olympus Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Component Type, software category accounted for the majority share in the market in 2020”

Based on component type, the market is categorized into software and service. Amongst component types, the software category accounted for a significant share of the market as operating room integration software helps in reduce surgical times and improves patient safety.

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“Among Device Type, documentation management system expected to witness highest CAGR during the forecast period”

Based on device type, the market is categorized into audio-video management systems, display systems, and document management systems. Among these, document management systems are expected to witness the highest CAGR during the forecast period. Document management systems as an OR integrated solution is widely used in hospitals and ambulatory surgery centers. This is because, like medical records, the number of patients has increased over the years. This system manages all records from different sources and displays them on a single platform to help surgeons obtain medical history and other necessary information during surgery.

“Among Application, general surgery expected to witness highest CAGR during the forecast period”

Based on application, the market is segmented into general surgery, orthopedic surgery, neurosurgery, and others. Amongst applications, the general surgery category accounted for a significant share of the market. General surgery includes surgery on various organs and conditions such as the digestive tract (esophagus and related organs), abdomen and its contents, breasts, skin and soft tissues, and the endocrine system. Thus, the increase in cases of breast cancer, endocrine disorders, liver cancer, etc. contributes to the large number of general surgical procedures which in turn is fueling the market growth.

“Among End User, the hospitals expected to witness highest CAGR during the forecast period”

Based on end-users, the market is bifurcated into hospitals and ambulatory surgical centers. Amongst end users, the hospital category accounted for a significant share of the market. Due to the large number of patients exposed to chronic disease, IORs need to reduce the burden and complexity of physicians and increase the number of hospitals established in developing countries to effectively manage surgical workflows. In addition, continuous innovation in medical devices has contributed to the increased adoption of IORs in the upcoming years.

“North America to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the operating room integration market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the operating room integration market industry in 2020 owing to the presence of well-established market players and the expansion of the healthcare infrastructure in the region.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Limitation
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Operating Room Integration Market
2.2.Research Methodology of the Operating Room Integration Market
2.3.Forecasting Method 
2.4.Respondent Profile 
2.5.Main Objective of the Operating Room Integration Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL OPERATING ROOM INTEGRATION MARKET COVID-19 IMPACT
6GLOBAL OPERATING ROOM INTEGRATION MARKET REVENUE, 2019-2027F
7.1.Software 
7.2.Service  
8.1.Audio Video Management System
8.2.Display System
8.3.Documentation Management System
9.1.General Surgery
9.2.Orthopedic Surgery
9.3.Neurosurgery
9.4.Others 
10.1.Hospitals  
10.2.Ambulatory Surgical Centers
11.1.North America Operating Room Integration Market 
 11.1.1.United States
 11.1.2.Canada
 11.1.3.Rest of North America
11.2.Europe Operating Room Integration Market 
 11.2.1.Germany
 11.2.2.France
 11.2.3.United Kingdom
 11.2.4.Italy
 11.2.5.Spain
 11.2.6.Rest of Europe
11.3.Asia Pacific Operating Room Integration Market
 11.3.1.China
 11.3.2.Japan
 11.3.3.India
 11.3.4.Australia
 11.3.5.Rest of Asia Pacific
11.4.Rest of World Operating Room Integration Market 
12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis
13OPERATING ROOM INTEGRATION MARKET OPPORTUNITIES
14OPERATING ROOM INTEGRATION MARKET TRENDS
15LEGAL & REGULATORY FRAMEWORK
16.1.Demand Side Analysis
16.2.Supply Side Analysis
17VALUE CHAIN ANALYSIS
18.1.Competitive Landscape
 18.1.1.Porter’s Five Forces Analysis
19.1.Stryker Corporation
19.2.KARL STORZ GmbH & Co. KG
19.3.STERIS plc
19.4.Skytron LLC
19.5.Getinge AB 
19.6.Merivaara Oy
19.7.Canon Inc.
19.8.BrainLab AG
19.9.Doricon Medical System
19.10.Olympus Corporation 
20DISCLAIMER

Research Methodology

Research Methodology for the Global Operating Room Integration Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global operating room integration market were the three major steps undertaken to create and analyze the adoption of operating room integration in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global operating room integration market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the operating room integration market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the operating room integration market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as component type, device type, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the operating room integration market. Further, we conducted factor analysis using dependent and independent variables such as various component types, device types, applications, and end-users of operating room integration. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the operating room integration market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global operating room integration market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of operating room integration market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global operating room integration market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Operating Room Integration Market
Operating Room Integration Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global operating room integration market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component type, device type, application, and end-users in the global operating room integration market.

The main objective of the Global Operating room integration Market Study

The current & future market trends of the global operating room integration market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of operating room integration market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of component type, device type, application, and end-users.
  • Define and analysis of the regulatory framework for the operating room integration market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the operating room integration market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the Operating room integration market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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