The global operating room integration market size was estimated at USD 1.5 billion in 2020 and is expected to expand a CAGR of 11.0% from 2021 to 2028. Increasing demand for technologically advanced applications, a growing number of surgical procedures, congestion in Operating Rooms (OR), patient safety concerns in OR coupled with the surge in preference of Minimally Invasive Surgeries (MIS) are major factors primarily fueling the market growth.
Improvements in AI technology can play a vital role in a complete plan to deal with these backlogs and can assist to enhance efficiency and decrease costs for hospitals and surgery centers. In addition, the advent of advanced imaging as well as diagnostic technologies for OR, rising funding by the government to improve OR infrastructure or redevelopment projects in hospitals, an increasing need to curtail healthcare expenditure, and increase in investments in OR equipment are some of the factors contributing to market growth. For instance, Okayama University Hospital installed a notable 20 new ORs, including one Hybrid OR. The hospital, located in Okayama, Japan, entered a partnership with Toshiba and Getinge for this key undertaking.
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However, the lack of skilled surgeons in developing countries and the high cost of initial investment are factors restraining market growth. This high cost can be attributed to the high-priced integrated advanced technology that is being adopted in OR, especially in small size hospitals.
Key Player Mentioned:
- Stryker
- Brainlab AG
- Barco
- Dragerwerk AG & Co. KGaA
- Steris
- KARL STORZ SE & CO. KG
- Getinge AB
- Olympus
- Care Syntax
Application Segment Analysis:
- General Surgery
- Orthopedic Surgery
- Neurosurgery
- Others
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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Longer intervals of peak loads in hospitals often produce an exponentially rising surgery waitlist of semi-urgent and non-urgent surgeries. The COVID-19 caused considerable wait times for patients standing by for surgery. According to a study published in the British Journal of Surgery, showed that COVID-19 led to 28 million postponed or canceled surgeries globally in 2020 with millions of surgeries pushed into 2021. Thus, with thousands of patients facing delays in surgeries the necessity to enhance scheduling efficiencies has become more important. As a result, market players have introduced various technologies to cater to demand in the market.
Improved patient outcomes with less invasive procedures are expected to drive market growth. Adoption of a patient-centric approach for surgery further led to improved use of ORs in a more sophisticated way. These types of initiatives are anticipated to fuel market growth over the forecast period. Furthermore, an increasing number of MIS procedures and their benefits such as reduced hospital stays, rapid adoption of integrated systems to reduce complexity in OR is stimulating market growth. Increasing demand for improving surgical workflow in OR, and to manage, share and store video-rich content across hospitals is also boosting the OR integration market growth.
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