Operating Room Management Market To Reach USD 10.0 Billion by 2031 with Top Key players Analysis Medical Information Technology, Inc., Mckesson Corporation, GE Healthcare, Surgical Information Systems

Factors that drive the growth of the operating room management market include increase in the pricing pressures on hospitals, concerns over growing of healthcare costs, and increase in advantages of using operating room management systems. However, lack of skilled technicians, and high cost of maintenance of systems are negatively impacting the market growth. Conversely, increase in the awareness regarding the advanced technologies offers lucrative opportunities for the growth of the market.

The report provides a detailed analysis of these key players of the global operating room management market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

The global operating room management market garnered $3.5 billion in 2021, and is estimated to generate $10.0 billion by 2031, manifesting a CAGR of 13.0% from 2022 to 2031.

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Drivers:

Surge in the pricing pressures on hospitals

Concerns over growing of healthcare costs

Increase in advantages of using operating room management systems

Rise in adoption of operating room management solutions by hospitals and ambulatory surgery centers

Surge in prevalence of diseases that require surgical treatment

Opportunities:

Increase in the awareness regarding the advanced technologies

Rise in awareness regarding the benefits offered by the operating room management software

Covid-19 Scenario:

The outbreak of the COVID-19 pandemic affected the operating room management market share in a negative way, as various other healthcare information technology industries were affected.

The pandemic affected the workforce and also created staffing issues, procedural prioritization, and transmission risk of the virus during the surgery procedures. This also decreased the number of surgeries performed in hospitals. The establishment of technologies in hospitals was also hampered due to lockdown issues.

The pandemic further created the financial revenue loss for various market players. For instance, Finland-based TietoEVRY witnessed a decline in overall revenues in 2020 as compared to 2019 due to the impact of COVID-19.

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By solution, the market is categorized into data management and communication solution, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and other solutions. The data management and communication solution segment is projected to exhibit the fastest market growth rate during the operating room management market analysis period owing to advancements in the management software, and rise in number of cases of chronic diseases that lead to increase in surgical procedures.

Leading market players of the global operating room management market analyzed in the research include Epic Systems Corporation., Cerner Corporation, Medical Information Technology, Inc., Mckesson Corporation, GE Healthcare, Surgical Information Systems llc, Picis Clinical Solutions Inc, Allscripts Healthcare Solutions, Inc., Becton, Dickinson and Company, Steris Corporation.

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