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Global Hybrid Operating Room Market exhibited a value of 704.3 million in 2017

01-02-2019 09:45 AM CET | Health & Medicine

Press release from: GMI Research

Global Hybrid Operating Room Market exhibited a value of 704.3 million in 2017

Global Hybrid Operating Room Market exhibited a value of 704.3 million in 2017

Growing patient preference for affordable & effective surgical treatments is expected to positively influence the growth of global hybrid operating room market during the forecast period

The global hybrid operating room market exhibited a value of 704.3 million in 2017, and is expected to reach USD 1,572.0 million by 2025, growing at a CAGR of 10.8% during 2018–2025.

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The key factors boosting the market growth are:
• Growing minimally invasive surgeries and technological advancement in robot assisted surgeries
• Rising government & private investments for healthcare facilities infrastructure
• Increasing awareness and rising patient emphasis on timely and effective disease management

Hybrid operating room is gaining traction in large, urban healthcare facilities due to increasing preference for minimally invasive surgeries, and the massive investments for the development of novel technologies that can help in improving healthcare systems for patients.

Some of the other factors affecting the market growth are technological advancements in the field of robot-assisted surgeries, improved patient outcomes with less invasive procedures, fewer per-procedural complications. Moreover, shorter ICU stays in the hospital directly linked to reduced cost of the procedure which is likely to drive demand for the hybrid operating room market, globally.

Intraoperative diagnostic devices segment holds the largest revenue share in 2017 and is expected to exhibit significant revenue share during the forecast period owing to increasing installation of hybrid ORs across major economies, significant installation costs associated with diagnostic imaging products, ongoing integration and automation of operating room workflows and continuous technological advancements in the field of diagnostic imaging.

Hospital segment holds the largest market share in the 2017 and is predicted to grow at a CAGR 11.4% during the forecast period owing to rising patient emphasis on timely and effective disease management and increasing number of hospitals and surgical centers in developing countries. Also, significant healthcare spending and increasing government & private investments for healthcare facilities infrastructure are expected to lay down the best path for the market to grow

“Strategic collaboration among manufacturers, healthcare providers, accrediting organizations, professional societies, and government agencies may help to design, approve and construct hybrid operating room throughout the world, hence, such collaboration will benefit all stakeholders.”
—-GMI Research

Based on geography, North America held the largest share in the market in 2017 due to significant investments by hospitals to upgrade their operating rooms, increasing number of surgical procedures and ambulatory surgery centers in the region. In addition, presence of advanced medical and healthcare infrastructure is expected to boost the market growth during the forecast period. Asia-Pacific is projected to grow at significant growth rate during 2018-2025 due to rising patient preference for affordable & effective surgical treatments, advancements in operating room technology, rising disposable income, etc.

Key takeaways:
• The intraoperative diagnostic devices segment is expected to grow at an estimated CAGR of 11.6% during the forecast period,
• Leading players in the hybrid operating room market, such as General Electric Company, F Koninklijke Philips N.V., and Siemens AG are more focussed strategic collaboration to expand their business.
• The rapid rise in the volume of minimally invasive surgery has increased demand for hybrid operating room across the globe
• North America has been a leading region in the installation of hybrid operating suites and construction of hybrid operating rooms

Some of the key players operating in the global hybrid operating room market, include Siemens AG
Toshiba Medicals Systems Corporation, Stryker Corporation, General Electric Company, IMRIS Inc., Koninklijke Philips N.V., Eschmann Holdings Ltd., Getinge AB, TRUMPF Medical Systems, Inc., Skytron LLC., among others.

The global hybrid operating room market has been segmented based on product type, end use and key geographies. Based on the product type which include surgical imaging displays, communication system, intraoperative diagnostic devices, operating tables, surgical booms and others.
Based on end use, the market has been segmented into hospitals, ambulatory surgical centres and others

The research report “global hybrid operating room market” provides in-depth analysis of hybrid operating room across the globe, based on product type, end use and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for hybrid operating room market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-hybrid-operating-room-market-share-trends-forecasts-insights-end-user.html

Contact

Sarah Nash
Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D 18 Y3X2, Ireland
U.SOffice +1 860 881 2270
Europe Office +353 1 442 8820
Email: enquiry@gmiresearch.com

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate
Dublin D 18 Y3X2, Ireland

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