Global Integrated Operating Room Management Systems Market to Capture 10% CAGR Between 2018 and 2023
Modern integrated operating room management systems are becoming more effective and efficient. This is on the back of the tremendous technological advances taking place in the healthcare sector. A higher level of emphasis is being placed on improving the precision of healthcare services. Government authorities are actively focusing of healthcare modernization. Such factors are influencing the global integrated operating room management systems market. Market Research Future (MRFR) projects that global integrated operating room management systems market will witness 10% CAGR during the forecast period (2018-2023).
Segmental Overview
MRFR’s report includes a detailed segmental analysis of the global integrated operating room management systems market based on device, surgical application, and type.
On the basis of device, the market has been segmented into operating room lights, operating room communication systems, operating tables, intraoperative diagnostic devices and others. In 2017, the intraoperative diagnostics devices segment accounted for the lion’s share. Additionally, the segment is likely to maintain its leading position throughout the assessment period and reach a valuation of more than USD 450 Mn. The operating table segment is expected to retain its second spot during the forecast period, posting a CAGR of 10.3%.
On the basis of surgical application, the market has been segmented into diagnostics imaging and therapeutics. The therapeutics segment currently accounts for the largest market share and trend is likely to continue in 2019 and beyond. In addition, the segment is expected to demonstrate 10.3% CAGR during the forecast period.
On the basis of type, the market has been segmented into recording & documentation system, audio & video management system, anesthesia information management, operating room procedure scheduling system, operating room inventory management system, and instrument tracking system. In 2017, the anesthesia information management segment accounted for the largest market share, surpassing a valuation of USD 170 Mn. Whereas, the audio & video management segment is projected to exhibit the highest CAHR during the forecast period.
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Global Integrated Operating Room Management Market: Regional Segmentation
Regions covered in the report include Asia Pacific (APAC), the Middle East & Africa (MEA), Europe and the Americas. In terms of revenue, the Americas currently account for the largest market share. The region’s dominance is likely to remain unchallenged throughout the forecast period. Market growth in the region can be attributed to the rapid adoption of advanced medical devices along with the increasing number of surgical procedures. The market in Americas is expected to witness 9.9% CAGR during the assessment period.
Europe is second in the pecking order. Europe is home to a large number of medical technology companies, which is a positive factor for the market. The Europe market is projected to exhibit a healthy CAGR during the review period.
APAC holds the third spot, the market in APAC is projected to exhibit the fastest growth during the assessment period. The APAC market is expected to reach a valuation of USD 415.79 Mn by 2023. Growth medical tourism, increased healthcare expenditure and increased government backing are some the factors supporting the market growth in APAC.
Competitive Landscape
Key players operating in the global integrated operating room management systems market include Olympus Corporation of the Americas (Image Stream Medical, Inc.), Skytron LLC, Canon Inc and Steris PLC, Danaher Corporation (Leica Microsystems GmbH), Johnson & Johnson Services Inc., Stryker Corporation, Karl Storz GmbH & Co. KG, Cook Medical, Barco, Koninklijke Philips N.V., and GE Healthcare.
Industry Outlook
GE Healthcare recently introduced 21 new products and smart innovation solutions focused on Cloud Electrocardio Solution, Cardio MR AI Solution, Cloud Image Solution and APM Asset Cloud Manager in CMEF spring 2019 edition. The companies also displayed its latest R&D successes in the event.
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