Global Operating Room Integrated Systems Market 2017-2021
About Operating Room Integrated Systems
The concept of integrated OR came into existence in the late 1960's and evolved with rapid technological advances. The OR integrated systems include a display, AV management, and recording and documentation systems. An OR integrated system is a unified interface and communication network that provides centralized control of OR systems for enhanced communication and co-ordination between surgical teams. It facilitates best possible ergonomics, effective monitoring, and precise control of OR systems for performing surgeries faster and with more safety and efficiency. Integrated ORs can save cost and time by reducing surgical errors and the need for corrective surgeries. Also, OR integration can connect surgeons to medical professionals around the world for expert consultation during complex surgical procedures. Efficient OR integration in hospitals can attract high-caliber surgical specialists and more number of patients. It allows a hospital to undertake a large number of surgeries and increase its revenue.Technavio’s analysts forecast the global operating room integrated systems market to grow at a CAGR of 14.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global operating room integrated systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of operating room integrated systems.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Operating Room Integrated Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global operating room integrated systems market: Stryker, Steris, Karl Storz, Olympus, and Merivaara
Other Prominent Vendors in the market are: Brainlab, Doricon Medical Systems, EIZO, IntegriTech, Skytron, and Trumpf Medical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising popularity of hybrid ORs. Hospitals are increasingly implementing hybrid ORs. with multiple features. Hybrid OR is a combination of surgical equipment and advanced imaging equipment into one space. It can be integrated with various types of surgical and imaging equipment, allowing surgeons to conduct combined open, MI, image-guided, and catheter-based surgeries in the same OR with same operative setting. This reduces the need for patient transfers to imaging rooms and thus enhances patient safety and minimizes the time taken to perform surgeries. Hybrid ORs are becoming increasingly popular in the fields of neurosurgery, cardiology, and orthopedics as they are cost-efficient and help prevent major medical errors. Catering to the demand for hybrid ORs is the key focus for leading players in the market.”
According to the report, one of the major drivers for this market is Rising demand for efficient and advanced OR integrated systems. Completion of a surgery at low costs with high success rate is one of the important tasks of a hospital. OR integration provides best possible ergonomics to surgeons, improves workflow and helps the surgical teams to perform surgeries more safely and efficiently, and does away with overcrowded ORs that are inefficient and unsafe. Integration of ORs with efficient and advanced technologies also enables hospitals to solicit renowned surgeons and attract more number of patients.
Further, the report states that one of the major factors hindering the growth of this market is High cost of OR integrated systems. OR integrated systems are expensive and classified as capital items by healthcare institutions. It is estimated that OR integration and maintenance consumes about 40%-60% of the total infrastructure expenditure of hospitals. The shift from open surgeries to MI procedures has increased the need for more flexible ORs, which are equipped with advanced integrated systems. These specialized systems are generally expensive as they offer specialized functions that enable enhanced visualization with in-depth image quality to perform surgeries more efficiently. Adoption of a hybrid OR costs $3-$4 million and takes 1-2 years from planning to implementation. Hence, it is difficult for mid-level or small hospitals to afford hybrid ORs.
Stryker, Steris, Karl Storz, Olympus, Merivaara, Brainlab, Doricon Medical Systems, EIZO, IntegriTech, Skytron, and Trumpf Medical.