Increasing prevalence of chronic diseases, road accidents, rising number of surgeries, and increasing need to reduce pricing pressure on hospitals are some key factors expected to drive global OR Management Solutions market growth.
Increasing prevalence of chronic diseases, road accidents, rising number of surgeries, and increasing need to reduce pricing pressure on hospitals are some key factors expected to drive global OR Management Solutions market growth.
According to Emergen Research, the global operating room management solutions market size was USD 2,192.8 million in 2019 and is expected to reach USD 5,487.7 million in 2027 and register a steady CAGR of 12.1% during the forecast period, 2020-2027.
Market Dynamics:
There has been a rapid increase in the prevalence of chronic conditions and complicated medical cases, over the recent years. The operating room is one of the most critical hospital units in terms of patient safety as well as financial terms. Thus operating rooms require regular maintenance and high budget to deploy the latest equipment and devices to perform complex surgeries. To overcome this, many multispecialty hospitals and healthcare centers are focused on adopting operating room management solutions for streamlining the overall workflow in operation theaters. Operating room management focuses on maximizing operational efficiency and reducing the use of resources.
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Factors such as increasing focus on improving efficiency in operating rooms and patient outcomes, growing adoption of automation in the healthcare sector, and rising investments in research and development activities are expected to drive global market revenue growth during the forecast period.
In addition, increasing healthcare expenditure, rapid adoption of operating room management solutions for data management and communication, operating room supply management, and anesthesia information management are expected to drive global market growth during the forecast period. However, high initial investments and maintenance costs of the operating room management software, dearth of skilled surgeons, and interoperability issues are some key factors that are can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Cloud Based Segment To Register Rapid Revenue Growth:
The cloud based segment is expected to register rapid revenue growth between 2020 and 2027 owing to large patient pool, and rising adoption of cloud based services owing to advantages such as easy accessibility, large data storage, flexibility along with real-time updates.
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Hospitals Segment to Account for Significantly Larger Revenue Share:
The hospital segment is expected to account for a significantly larger revenue share over the forecast period owing to increasing patient pool, rising number of surgeries, and growing adoption of advanced operating room management solutions for effective disease management.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing number of surgeries, rapid adoption of advanced operating room management solutions to reduce overall costs and improve OR efficiency, and rising investments in improving healthcare infrastructure. In addition, increasing number of multispecialty hospitals, presence of leading companies, and rising investments in R&D activities are expected to further fuel market revenue growth in North America.
Major Companies in the Market Include:
- Cerner Corporation
- Surgical Information Systems LLC
- Epic Systems Corporation
- DXC Technology
- McKesson Corporation
- Steris Corporation
- Brainlab
- Becton, Dickinson and Company
- GE Healthcare
- Picis Clinical Solutions Inc.
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For the purpose of this report, Emergen Research has segmented the global operating room management solutions market in terms of solution type, mode of deployment, end-use, and region:
Solution Type Outlook (Revenue, USD Million; 2020–2027)
- Data Management And Communication Solutions
- Operating Room Supply Management Solutions
- Anesthesia Information Management Solutions
- Operating Room Scheduling Solutions
- Performance Management Solutions
- Others
Mode of Deployment Outlook (Revenue, USD Million; 2020–2027)
- On-premises
- Cloud-based
End-Use Outlook (Revenue, USD Million; 2020–2027)
- Hospitals
- Ambulatory surgical centers
- Others
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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