New York, USA, June 26, 2023 (GLOBE NEWSWIRE) -- Operating Room Management Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Operating Room Management Market Information By Solution, Deployment, End Users And Region - Forecast till 2030", the market is projected to grow from USD 2.75 Billion in 2023 to USD 4.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.10% during the forecast period (2023 - 2030).
Market Scope
The surgical facility management solutions are an all-encompassing operating room administration system that controls all aspects of the perioperative procedure, including scheduling, supply chain, performance, and quality reporting. An operating room management platform sends operations, supply use, operation room time, supplies, recruiting, and other information immediately to a healthcare organization's billing system, permitting patient charges to be generated and conveyed easily when the surgical case is completed. This simplified method reduces unnecessary costs and charges and enhances time management. It includes a wide range of instruments and systems that facilitate the streamlining of surgical workflows, the efficient use of resources, the improvement of communication and teamwork amongst surgical brigades, and the perfection of patient care and problems.
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Results from operating room operations tend to involve software platforms or combined technologies that provide capabilities like patient shadowing, real-time communication, analysis of data, force operation, monitoring of performance, and quality control. Healthcare personnel may concentrate on providing the most critical patient care services when they can document, plan for, and access every aspect of the perioperative process. Additionally, rising government and venture capitalist investments, advantageous reimbursement rules, and rising technological awareness contribute to the market's expansion. It is usually preferable to have correct insight into surgical facility data, status, and analytics that support patient care because inefficient workflow processes may directly influence client care and, therefore, can be quite expensive for a healthcare company.
Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 4.90 Billion |
| CAGR | 10.10% |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Solution, Deployment and End Users |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing focus on cost reduction and productivity enhancement in hospitals will boost the market growth |
| Technology advancements, like robotic surgery, are a major driver of Operating room management market |
Operating Room Management Market Competitive Landscape:
- Healthcare I.Q.
- Medtronic plc
- Siemens
- Owens & Minor Medical Inc.
- Getinge AB
- Cardinal Health
- Omnicell Inc.
- HCA Healthcare
- TECSYS Inc.
- Becton
Operating Room Management Market Trends:
Market Drivers:
The primary drivers driving the steady expansion of the operating room administration market include technological developments like robot-assisted operations, an increase in minimally invasive surgeries, and a rising preference for non-invasive surgical treatments. Operating room management solutions also provide accurate and speedy data gathering on administration resources, supplies, and costs. The data may then be analyzed. Additionally, it offers tools and services that can help from a comprehensive standpoint, including revenue administration, operational visualization, and ideas for improvement.
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Additional factors that significantly contribute to market growth include the rise in the use of operating room management solutions by healthcare facilities and ambulatory surgery facilities, increased awareness of the advantages offered by operating room management software, an upsurge in the frequency of diseases that require surgical intervention and rise in the geriatric population. The increasing demand for excellent health care, the need to lower surgical errors and complications, the complexity of operations increasing, and the desire to maximize earnings in healthcare organizations all contribute to the demand for operating rooms. Both established merchandisers who provide a thorough examination of operation results or niche players that provide technology products and services to satisfy practical demands in the operating room are included in the request.
Restraints
The costs of setting up and maintaining an effective patient management system, operating room management system, and technology are very significant.
COVID 19 Analysis
Due to the necessity for hospital staff and patient management, COVID-19 has significantly affected the operating room management marketplace. Because fewer operating room management methods were used during the COVID-19 pandemic, this affected the operating room management sector. Fewer procedures were performed in hospitals as a result. Lockdown issues hampered the implementation of new technologies in hospitals. Furthermore, this has led to a loss of revenue for several market participants. However, as more patients visit hospitals for surgical procedures, it is anticipated that more operating room management techniques will be adopted. Operating room management systems may have become more popular, fueling the market's expansion.
Operating Room Management Market Segmentation
By end users, the market includes hospitals and ambulatory surgical units. By solution, the market includes anesthesia information management solutions, performance management solutions, pre-and post-operative management solutions, data management & communication solutions, and climate solutions, among others. By deployment, the market includes on-premise and cloud-based.
Operating Room Management Market Regional Insights
Throughout the study, a sizable CAGR is projected growth in the North American market. The rising implementation of robotic surgery in this discipline drives the operating room management market's revenue growth. How well healthcare businesses use EHR records greatly impacts the market revenue increase in this region. The tremendous amount of money available for the expansion of the healthcare sector, the high acceptance of technological advancements, the rise in the frequency of chronic illnesses, and the rise in the number of patient visits to doctors are all factors driving North America's operating room management sector. The U.S. market accounted for the biggest revenue share because chronic diseases are growing more common there.
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Due to the quick development of operating room management software and developments in A.I. technology, operating room management sales are increasing considerably in Europe. Launching innovative products will also increase market participant investment, fostering market expansion. Additionally, due to increasing incidences of accidents and increased awareness of the various operating room management business solutions, Asia-Pacific is predicted to grow at the fastest CAGR.
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