North America Integrated Operating Room Market Forecast 2018-2026
KEY FINDINGS The North America integrated operating room market is expected to generate a revenue of $ 693.3 million by the end of 2026, which is a significant up from its 2017 revenue of $ 250.4 million. This growth in the market can be credited to a CAGR rise of 12.18% for the forecast period of 2018-2026.
MARKET INSIGHTS Market drivers for the integrated operating room market are technological advancements like minimally invasive surgery, increasing geriatric population that leads to higher target disease incidence rates, growing healthcare awareness and higher spending power of the consumer. Changes in lifestyle lead to higher cases of chronic diseases in most of the North American countries. The U.S integrated operating room market garnered the highest revenue share in 2017. However, it is the Canadian integrated operating room market that is expected to evolve with the highest CAGR. The Canadian hospitals for cardiological surgeries are equipped with the latest technology, which enables the surgeons to provide the most exceptional treatment to their patients. Non-communicable diseases such as CHD, CVD and other heart diseases are prevalent in other North American countries like Mexico. As a result, the market is fast gaining popularity in these regions as well.
COMPETITIVE INSIGHTS Some of the major market players in the North American integrated operating room market are Johnson & Johnson, Siemens Healthineers, Toshiba Medical Systems, Stryker Corporation, Leica Microsystems, Philips Healthcare, Ge Healthcare and Arthrex.