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2023 Integrated Operating Room Systems Market Analysis by Future Economic Impact | Key Industry Drivers – Stryker Corporation, Skytron, LLC, Danaher Corporation, Olympus Corporation of the Americas
Integrated Operating Room Systems Market - OverviewWith the advent of progressive diagnostic and imaging technology in the medical sector, ORs are gradually becoming more complex and congested with a growing assembly of OR devices and monitors.
OR Integration Systems are being designed in a manner that simplifies and restructure the OR as efficiently as possible by giving access to video, consolidating data, and controls for all of the devices in the OR at a central command station, freeing up the surgical staff to execute many of their tasks competently without requiring unnecessary movement in the OR.
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Integrated Operating Room Systems Market – Growth and Analysis
The market is projected to achieve USD 367.2 million in earnings while developing with a CAGR of 12.20 percent in the forecast period from 2018 to 2023.
The recent rise in the burden of chronic diseases globally has amplified, resulting in parallel demand surge for therapeutic surgeries such as orthopedic surgeries, bariatric, cardiovascular surgery, etc. The increasing number of surgeries are estimated to have a significant impact on the market’s growth.
The availability of such reimbursement policies is creating a growing pool of patients deciding to go for expensive surgeries. This trend is expected to be positively reflected in the growth of the market in the duration of the forecast period. In India, the government, along with corporates, are encouraging medical care.
Integrated Operating Room Systems Market - Segmental Analysis
The Asia Pacific integrated operating room systems market is segmented on the basis of surgical application, device, and type. On the basis of device, the market is segmented into operating room lights, operating table types, intraoperative diagnostic devices, and operating room communication systems.
The operating tables segment dominates the Asia Pacific integrated operating room systems market. The segment held the major market share in 2018 and is projected to achieve USD 93.93 million by 2023. The segmentation on the basis of surgical application comprises of diagnostics imaging application and therapeutics application. The therapeutic segment is accredited for the major market share and is likely to reach USD 45.02 million by 2023 in revenues.
On the basis of type, the market segmentation comprises of recording and documentation system, operating room and procedure scheduling system, operating room inventory management system, audio and video management system, instrument tracking system, and anesthesia information management.
The anesthesia information management systems (AIMS) controls the Asia Pacific integrated operating room systems market and is estimated to touch USD 84.8 million in revenue by the end of 2023.
Integrated Operating Room Systems Market - Detailed Regional Analysis
The market in the Asia Pacific for integrated operating room systems is developing quickly. The Asia Pacific region is anticipated to witness high growth in the coming years for the market of integrated operating room systems.
The Asia Pacific region is likely to be driven by factors such as increasing number of surgeries, favorable reimbursement policies, and benefits of least congestion and streamlined flow of information are likely to motivate the market’s development for the duration of the forecast period. However, the rising cost of surgeries and hospitalization, followed by related risks, is anticipated to hinder the market’s growth.
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Integrated Operating Room Systems Market - Competitive Analysis
It is vital for the vendors to deliver high-quality and cost-efficient products, to endure and prosper in a deeply competitive market environment. Stryker Corporation, Skytron, LLC, Danaher Corporation (Leica Microsystems GmbH), Olympus Corporation of the Americas (Image Stream Medical, Inc.), Barco, Johnson & Johnson Services Inc, GE Healthcare, Cook Medical, KARL STORZ GmbH & Co. KG, Koninklijke Philips N.V., Canon INC., STERIS plc among others are the notable competitors that are boosting the development of the market.
World Integrated Operating Room Systems Market -Major Points from TOC
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Integrated Operating Room Systems Market, By Type
Chapter 7. Global Integrated Operating Room Systems Market, By Treatment
Chapter 8 Global Integrated Operating Room Systems Market, By End User
Chapter 9. Global Integrated Operating Room Systems Market, By Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
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