Operating Room Management Market - Growth, Trends, and Forecast (2019 - 2024)
Advancements in the technologies like robot-assisted surgeries, growing number of minimally invasive surgeries, and rise in inclination towards non-invasive surgical procedures are the major driving factors for the growth of the operating room management market. Furthermore, increasing investments by the governments, venture capitalists, favorable reimbursement policies, increase in awareness regarding technologies also propels the growth of the hybrid operating rooms market. However, the expenses involved in establishing a properly efficient patient management system, as well as operating room management system, and maintaining the technology are very high, and the lack of properly skilled technicians who can manage the systems is restraining the market growth.
Scope of the Report
Operating room (OR) environment is cost-intensive, owing to the high capital cost per unit of output, and hence it should be managed efficiently. Operating room management refers to the scientific procedures of running an Operating Room Suite, and it focuses on maximizing operational efficiency at the facility, i.e. to maximize the number of surgical cases, which can be performed in a given period of time, while reducing the required resources and related costs as much as possible.
Key Market Trends
Software Segment dominates the Global Operating Room Management Market
The software segment of the market expected to record a healthy CAGR during the forecast period. Committed to optimizing patient journeys and throughput, the operating room management software tackles complex patient-centric-care delivery processes and streamlines them to enhance patient experience and healthcare provider performance. The healthcare software for operating room and patient management, such as anesthesia and surgery management generally elevate the performance of the operating room with solutions that helps to improve financial, clinical, and operational outcomes.
North America Dominates the Global Operating Room Management Market
North America is the largest region in operating room management market globally due to the presence of a large number of well-established market players, a rapid increase in the investments, high inclination towards minimally invasive methods, etc. Furthermore, huge availability of funds for healthcare sector development, high adoption of technological advancements, an increase in the prevalence of chronic diseases, rise in patient visits to the physicians, etc. are driving the operating room management market in North America region. According to federal government estimates, the current US healthcare industry’s spending was approximately 18% of the GDP and corresponds to the highest healthcare spending as a percentage of GDP, globally (2017).
The global Operating Room Management market is highly fragmented. Market players continuously focusing on acquisitions and mergers, provisions of solutions which are customized and expansion of companies in untapped commercial markets. Moreover, companies are also investing huge amounts on developing new products and platforms with enhanced and improved features as a part of a commercialization strategy. Some of the key players in this market include Allscripts Healthcare Solutions Inc., Becton, Dickinson and Company, Cerner Corp, Getinge AB, McKesson Corp, Nexus AG, Omnicell Inc., Optum Inc., Richard Wolf GmbH, Steris PLC, and others.
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