The global hybrid operating room (OR) market is expected to witness a CAGR of 10.9% during the forecast period 2021-2027. The market size is anticipated to grow substantially in the forecast period 2021-2027. This is ascribed to the increase in the number of surgical procedures, increase in adoption of minimally invasive surgeries, technological developments in hybrid operating room equipment, and rise in the number of thoracic, cardiovascular, orthopedic, and neurological disorders. Nevertheless, there is an increase in the number of hospitals and ambulatory surgery centers, massive investment in hybrid OR equipment, and rising patient preference for affordable & effective surgical treatment will drive the growth of the hybrid operating room market. The increasing investment for R&D by many end-use industries such as medical, healthcare, and the government is also supporting the market globally.
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The COVID-19 pandemic had wide-ranging repercussions on the patient care technologies in 2020 in the hybrid operating room market globally. This has led to innovations in the medical sector. The whole ecosystem i.e., providers, patients, and payers have shown interest in new business models and digital technologies are part of quality patient care in the hybrid OR market. In the post-COVID-19, the preference for hybrid ORs is expected to remain high as they lead to a shorter recovery time and fewer complications.
Intraoperative diagnostic imaging systems is expected to be the key product segment of the hybrid operating room market during 2020–2027
Based on component, the hybrid operating room market is categorized into intraoperative diagnostic systems, operating room fixtures, surgical instruments, audio display systems and tools, and others. The intraoperative diagnostic system is the major revenue contributor and will grow significantly during the forecast period as they are used in minimally invasive surgery (MIS). Other factors such as increasing installation of hybrid operating rooms in major countries, ongoing integration and automation of operating room workflows, and continuous technological advancements in the field of diagnostic imaging will boost the growth of intraoperative diagnostic systems.
“North America to Lead Global Hybrid Operating Rooms Market in Near Future”
North America has emerged as a key contributor in the global market for hybrid operating rooms owing to investment in the healthcare sector and strong economic growth. There is allocation of expenditure on the healthcare industry and modernization efforts by the hospital chains is likely to propel the market growth of hybrid operating room. The increase in the number of patients, the rising number of surgeries, and an increase in chronic diseases will propel the growth of the market.
In December 2020, GE Healthcare launched a new version of the Allia IGS 7 angiography system, a robot-driven angiography system for image-guided treatment. With just one click on the personalized interfaces, the user can access the hybrid operating room functions. GE’s Autoright technology uses the intelligent image chain function in GE’s interventional X-ray system, from image acquisition to image processing and display.
Some of the leading players operating in the global hybrid operating room market GENERAL ELECTRIC COMPANY, Getinge AB, Alvo, Mizuho Corporation., NDS Surgical Imaging, TRUMPF, Siemens Healthcare GmbH, IMRIS, Skytron, LLC, and STERIS.
Source: VynZ Research