Hybrid Operating Room Market Size 2023-2030: Siemens Healthineers, Philips Healthcare, GE Healthcare, Stryker Corporation, Getinge AB

The Hybrid Operating Room Market is a rapidly growing sector of the medical device industry. A hybrid OR is a specialized operating room that combines the technology of a traditional OR with advanced imaging and diagnostic equipment, allowing for minimally invasive surgeries and improved patient outcomes. The global hybrid OR market is expected to grow significantly in the coming years, driven by increasing demand for minimally invasive surgical procedures and advancements in medical technology.

Click Here For a Free Sample + Related Graphs of the Report at: https://www.delvens.com/get-free-sample/hybrid-operating-room-market-trends-forecast-till-2030

Current Market Size and Drivers:

The Global Hybrid Operating Room Market was valued at USD 1.17 billion in 2022 and is projected to reach USD 2.98 billion by 2030, growing at a CAGR of 12.4% in the forecast period of 2023 to 2030.

Majorly market driven by the increasing demand for minimally invasive surgeries, the rising prevalence of chronic diseases, and advancements in medical technology are the major drivers for the growth of the hybrid OR market. The use of hybrid ORs has been found to result in shorter hospital stays, reduced complications, and faster patient recovery, which has increased their popularity among medical professionals.

The rise in chronic diseases such as cardiovascular diseases, cancer, and neurological disorders has increased the demand for surgeries, which has led to an increase in the adoption of hybrid operating rooms. Hybrid operating rooms offer several advantages over traditional operating rooms, including improved visualization, reduced complications, and shorter hospital stays, which have fuelled the demand for hybrid operating rooms.

The major players operating in the Global Hybrid Operating Room Market include Siemens Healthineers, Philips Healthcare, GE Healthcare, Stryker Corporation, Getinge AB, Hill-Rom Holdings Inc., Karl Storz GmbH & Co. KG, Skytron LLC, STERIS plc, and Canon Medical Systems Corporation.

At the East Valley Urology Center, Promaxo Inc. introduced its in-office MRI scanner in June 2022. It uses an AI-based imaging system and is a single-sided MRI.

Philips Healthcare has launched a new Hybrid Operating Room platform called the Azurion platform, which combines interventional imaging and guidance with live 3D visualization and advanced clinical applications.

Market Segmentation:

The Global Hybrid Operating Room Market is segmented based on product, application, end-user, and region. By product, the market is divided into intraoperative imaging systems, surgical instruments, and communication systems. Since these systems are frequently used in minimally invasive surgery (MIS) procedures and offer anaesthesiologists and surgeons functional guidance, the intraoperative diagnostic system segment currently accounts for the largest revenue contributor and is expected to grow significantly during the forecast period. This market is expanding as a result of several important factors, including the rise in chronic illness incidence and changing lifestyles, the rise in demand for creative and hybrid operating room equipment, and technological improvements in intraoperative diagnostic systems.

By application, the market is segmented into cardiovascular, neurosurgery, thoracic, and others. Due to the rising incidence and prevalence of cardiovascular diseases, the rapid adoption of endovascular procedures during cardiovascular surgeries, and the rising demand for minimally invasive procedures, the cardiovascular surgery segment holds the largest share of the global hybrid operating room market.

By end-user, the market is segmented into hospitals, ambulatory surgical centers, medical research firms, and others. In 2022, Clinics and Hospitals held the largest market share.

Major and Growing Geographies

North America currently dominates the hybrid operating room market with around 40% market share. The dominance of North America in the hybrid operating room market is primarily attributable to the substantial investments made by hospitals, rising demand for less invasive procedures, and the developed healthcare industry with numerous well-known companies. The North American market is also growing as a result of factors like a high standard of living, an increase in doctor visits, and technological advancements made possible by an abundance of funding. In 2022, there will be 6,093 functioning hospitals in the United States, up from 5,534 in 2016, according to data from the American Hospital Association (AHA). As a result, it is projected that an abrupt increase in hospital capacity and an increase in hospital admissions will increase surgical procedures and the demand for associated equipment.

Europe is expected to witness significant growth during the forecast period due to the increasing prevalence of chronic diseases and the rising demand for minimally invasive surgeries. Asia Pacific is also expected to witness significant CAGR growth of 8.7% due to the increasing healthcare expenditure, rising demand for advanced medical technologies, and increasing prevalence of chronic diseases.

Conclusion

The hybrid operating room market is expected to witness significant growth during the forecast period from 2022 to 2030 due to the increasing demand for minimally invasive surgeries, technological advancements in medical devices, and the rising prevalence of chronic diseases. The major players operating in this market are focusing on launching innovative products to expand their market share and stay competitive. The market is segmented based on component, application, and end-user, and is expected to witness significant growth across all segments. North America currently dominates the market, but Europe and the Asia Pacific are expected to witness significant growth during the forecast period.

Direct Purchase of Hybrid Operating Room Market Research Report at: https://www.delvens.com/checkout/hybrid-operating-room-market-trends-forecast-till-2030

Contact Us:

UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
SALES@DELVENS.COM
WEBSITE: https://delvens.com/

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

This release was published on openPR.