Operating room management Market Key Indicators, Customer Research, Mega Trends, Drive Growth – Analysis By 2027

Market Scenario:

Rapid expansion of the global healthcare sector has resulted in increased efficiency of several medical processes. Operating room integration systems offers consolidation of large volumes of data and allows control from a central command station, thus increasing efficiency in the operating room. Market Research Future's detailed analysis of the global operating room management systems market has led to several key findings which offer conclusive information regarding the growth of the market over the forecast period

Market Research Future (MRFR) has announced a new release on the global operating room management systems market. The global operating room management market Share is expected to generate an impressive double digit CAGR of 18.6 % during the forecast period 2017-2027.

Advancement of medical technology has resulted in the rapid development of advanced diagnostic, and therapeutic technology, thus making operating rooms more complex and increasingly congested. As such, integration has been deemed necessary for maintaining efficiency in operating rooms. operating room systems offer simplification and streamlining of several operating room tasks. The increasing prevalence of various diseases and medical conditions due to the growth of the global population as well as changing lifestyles has led to a significant increase in the number of surgeries being performed across the globe, thus driving market growth. Additionally, insurance reimbursements for surgeries have been improving considerably. For instance, according to the Surgical Neurology Internation, Medicare reimbursed USD 142,075 for neurosurgeries and a similar amount for orthopedic surgeries. As a result, more patients are choosing otherwise unaffordable surgical treatments, thus increasing demand for efficient surgical operations and procedural management

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Prominent players:

The prominent players of the global operating room management industry are Getinge AB, Omnicell, Inc., Cardinal Health, HCA Healthcare, TECSYS Inc., Becton, Dickinson and Company, Healthcare IQ, Merivaara, Medtronic plc, Siemens, Owens & Minor Medical, Inc., EIZO Corporation., Mizuho OSI and others.

Segments:

To generate a comprehensive view of the global operating room management market the report is segmented on the basis of solution, deployment, end users and regions.

On the basis of solution, the market has been segmented as data management & communication solutions, anesthesia information management solutions, operating room supply management solutions, scheduling solutions, performance management solutions, pre and post-operative management solutions, climate solutions and others.

Based on deployment, the market has been classified as on-premise, and cloud-based.

Based on end user, the market has been segmented as hospitals, ambulatory surgical units, others. The hospitals segments is further sub segmented into large hospitals of greater than 300 beds, and small which have less than 300 beds.

Based on the regions, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa.

Market Dynamics:

Drivers

Hospitals are being over whelmed by the pricing pressures, growing healthcare costs, growing infrastructure and redevelopment. Achieving patient satisfaction when cost of noncompliance can be prohibitive is increasingly seen as an uphill task. The situation has been complicated by the demographic drivers such as growing numbers of surgeries owing to rising risk factors such as elderly and chronic sick population, diseases.

Elective surgery is scheduled in advance and are subject to choice of the patient or physician depending on economics, medical conditions and payers concerns. Managing and optimizing returns from elective surgeries is imminent as they account for the largest share of revenue generated for any hospital. Emergence of third party payers like healthcare insurance and reimbursements, coupled with the growing choices has led to increase in the power of buyers in the surgeries market, favoring hospitals with the least cost and best outcome.

The development of these antecedents coupled with the adoption of information technology and analytics in healthcare has charged the market. Advent of cloud computing has eliminated the need for onsite deployment of operating room management systems. The growing functionality of operating room management systems is reflected by the plethora of function additions representing the dashboard of a financial company! The list includes but is not limited to utilization rates, case cancellation rate, contribution margin per operating room hour, turnover time, staffing costs, contribution margin per hour and others.

The advent of connected healthcare and big data has only resulted in heating the market as more and more players are entering the market.

Restraints

The market constraints are high installation and maintenance costs, and lack of awareness. Technical constraints include concerns of information security due to open nature of the network, and conflicting protocols.

Regional analysis:

To generate a bird’s view of the differential demand of the market, the report has been segmented into regions of North America, Europe, Asia-Pacific and Middle East and Africa.

North America led by the U.S. commands the largest market share owing to the faster uptake of new technology, presence of well-developed hospital infrastructure of U.S. and Canada, largest number of multi-specialty hospitals and others. The consolidation of the U.S. healthcare sector and the growing number of multispecialty hospitals is anticipated to drive the market owing to increase in purchasing power. Europe accounts for the second largest market led by Germany, France and the U.K.

Asia Pacific region is expected to demonstrate fastest CAGR growth, led by Japan, china and India. The Middle East & African region, is expected to generate moderate growth owing to poor social and economic reasons especially in Africa. However the Gulf economies are expected to generate spurts of growth due to the faster expansion of healthcare in the region and the development of large hospital complexes such as the King Fahd hospitals in Riyadh.

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