Published Date: 16-Jul-2020
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According to a new report Global Operating Room Integration Market, published by KBV research, The Global Operating Room Integration Market size is expected to reach $2.5 billion by 2026, rising at a market growth of 10.6% CAGR during the forecast period.
The software segment accounted for the highest revenue share owing to the numerous advantages associated with its use. These integrated software solutions provide seamless communication across OR operating systems to streamline surgical workflows and ensure ease of use and effective operation.
The segment of general surgery held the largest market share in 2019. Growing numbers of hospitals adopting MIS technologies, coupled with a rising number of chronic diseases and requiring surgical procedures, are accelerating the growth of the integration industry in the operating rooms. The orthopedic surgery segment is expected to see a lucrative growth rate over the forecast period due to the increasing demand for orthopedic surgery in the years ahead.
The hospital segment dominated the market and accounted for a revenue share. The larger market share can be attributable to the high penetration of the operating room integration. The ambulatory surgical center category is projected to see the highest growth rate over the forecast period. Ambulatory surgery is increasingly being performed in developed countries.
North America led the regional segment. Major factors contributing to the regional market growth are the rise in demand for affordable healthcare services, the rise in the desire to reduce healthcare expenses, and the effective implementation of the EHR by healthcare organizations. Throughout the Asia Pacific, the integration demand for operating rooms is expected to grow rapidly over the forecast period. Growth is driven by the growing pool of patients suffering from chronic disorders requiring surgery and a rising need for sophisticated medical devices in hospitals. Additionally, The Europe market is expected to witness a CAGR of 10.2% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/operating-room-integration-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, Dragerwerk AG & Co. KGaA, Steris PLC, Olympus Corporation, Canon, Inc., Barco NV, Getinge AB, Brainlab AG, Skytron, LLC, and Karl Storz SE & Co. KG
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