The operating room management software global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Operating Room Management Software Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The operating room management software market size has grown rapidly in recent years. It will grow from $2.47 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to favorable government support, patient safety and quality of care, regulatory requirements, the need for redevelopment of projects, and cost management.
The operating room management software market size is expected to see rapid growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing demand for minimally invasive surgeries, growing healthcare expenditure, growing surgical procedures, growing medical tourism, and the rising prevalence of chronic diseases. Major trends in the forecast period include increased adoption of AI and machine learning, cloud-based solutions, product innovations, interoperability and integration, and enhanced data analytics.
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Scope Of Operating Room Management Software MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Operating Room Management Software Market Overview
Market Drivers -The increasing number of surgical procedures is expected to propel the growth of the operating room management software market going forward. Surgical procedures refer to medical operations performed by a surgeon or a surgical team to diagnose, treat, or manage various health conditions. Surgeries are rising due to advancements in medical technology, the aging population, and increasing the demand for surgical interventions. Operating room management software is used to optimize the scheduling, coordination, and efficiency of surgical procedures, thereby enhancing patient care and resource utilization. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based surgical organization, 31,057 cosmetic surgical procedures took place in 2022, up 102% from 2021. Furthermore, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery, a US-based medical society, an estimated 1.4 million surgical and non-surgical procedures were performed in 2021, with plastic surgeons completing an average of 600 more procedures compared to 2020, marking a 40% increase. Therefore, the increasing number of surgical procedures is driving the growth of the operating room management software market.
Market Trends – Major companies operating in the operating room management software market are prioritizing the development of artificial intelligence capabilities within their software to enhance efficiency, improve decision-making, and optimize resource utilization. Artificial intelligence (AI) in operating room software involves the integration of AI technologies to improve the efficiency, accuracy, and safety of surgical procedures. For instance, in May 2022, Zimmer Biomet Holdings Inc., a US-based medical device company, introduced advanced artificial intelligence capabilities for its Omni Suite intelligent operating room. This innovative AI feature is designed to optimize surgical workflow and procedural efficiency by automating manual tasks and streamlining unnecessary technology and redundant hardware. The AI function uses cameras to automatically recognize and timestamp key operating room (OR) workflow milestones, such as patient entry and exit, door count, anesthesia administration, surgery, and cleaning. Surgical teams are guided through a process that leverages real-time access to workflow analytics to enhance OR workflow efficiency.
The operating room management software market covered in this report is segmented –
1) By Solution: Anesthesia Information Management, Data Management And Communication, Operating Room Scheduling Management, Operating Room Supply Management, Performance Management, Other Solutions
2) By Deployment: Cloud And Web Based, On-Premises
3) By End-Use: Hospitals, Ambulatory Surgical Centres (ASCs), Other End-Uses
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Regional Insights – North America was the largest region in the operating room management software market in 2023. The regions covered in the operating room management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the operating room management software market are McKesson Corporation, Optum Inc., Medtronic Plc, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc. , B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Steris plc, Hill-Rom Holdings Inc., Getinge Group, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Picis Clinical Solutions Inc., Talis Clinical LLC, Medtel, Genesis Automation Healthcare, Epic Systems Corporation, Medical Information Technology Inc.
Table of Contents
1. Executive Summary
2. Operating Room Management Software Market Report Structure
3. Operating Room Management Software Market Trends And Strategies
4. Operating Room Management Software Market – Macro Economic Scenario
5. Operating Room Management Software Market Size And Growth
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27. Operating Room Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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