Press Release: April 23, 2020
The global hybrid operating room market was valued at USD 704.3 million in 2017 and is projected to reach USD 1,572.0 million by the end of 2025, growing at a CAGR of 10.8% during 2018–2025.
The key factors bolstering the market growth are increasing minimally invasive surgeries and technological advancement in robot-assisted surgeries, growing patient preference for affordable & effective surgical treatments, rising government & private investments for healthcare facilities infrastructure. In addition, the rapid rise in the volume of minimally invasive surgery has increased demand for a hybrid operating room across the globe
Based on the product type, Intraoperative diagnostic devices are anticipated to lead the market during 2018–2025
Intraoperative diagnostic devices segment is expected to dominate the market during the forecast period due to increasing installation of hybrid operating rooms across major economies, ongoing integration and automation of operating room workflows and continuous technological advancements in the field of diagnostic imaging.
The end use segment includes hospitals, ambulatory surgical centers, and others. Hospital segment held the largest share in the 2017 and is predicted to grow at a promising growth rate 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, the increasing government & private investments for healthcare facilities infrastructure are predicted to aid the market growth in the coming years.
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North America holds the largest share in the global hybrid operating room market in 2017 owing to the well-developed healthcare system, high installation volume of hybrid operating suites and construction of hybrid operating rooms in the region. Moreover, significant investments by hospitals to upgrade their operating rooms, increasing number of surgical procedures and ambulatory surgery centers in the region are supporting the market growth during the forecast period. Asia-Pacific is projected to grow at a 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.
Various notable players operating in the market include Siemens AG, Toshiba Medical Devices 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. Players, such as General Electric Company, F Koninklijke Philips N.V., and Siemens AG are more focussed on strategic collaboration to expand their business.
The global hybrid operating room market has been segmented based on product type, end use, and key geographies. Based on the product type which includes 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 provides an in-depth analysis of the global hybrid operating room market, based on product type, end use and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for the 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.
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Key questions answered in this research report:
1. At what pace is hybrid operating room market growing, globally? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the hybrid operating room market?
4. What are the various application areas and how they are poised to grow?
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