Operating Room Management Market - Growth, Trends, and Forecasts (2020-2025)

The operating room management market is expected to register a healthy CAGR of nearly 11.3 % during the forecast period. Advancements in technologies, like robot-assisted surgeries, increasing number of minimally invasive surgeries, and rising inclination toward non-invasive surgical procedures are the major driving factors for the growth of the operating room management market.

Furthermore, increasing investments by the governments and venture capitalists, favorable reimbursement policies, and rising in awareness regarding technologies propel the growth of the market. However, the expenses involved in establishing efficient patient management system and operating room management system and maintaining the technology are very high. Additionally, the lack of properly skilled technicians who can manage the systems is restraining the market growth.

Key Market Trends

Software Segment Dominates the Operating Room Management Market

The software segment of the market is expected to record a healthy CAGR during the forecast period. Committed to optimizing the patient journeys and throughput, the operating room management software tackles complex patient-centric care delivery processes and streamlines them to enhance the patient’s experiences and healthcare provider’s performance. The healthcare software for operating room and patient management, including anesthesia and surgery management, generally elevate the performances of the operating rooms, with solutions that help to improve the financial, clinical, and operational outcomes.

North America is Expected to Dominate the Operating Room Management Market

North America is the largest region in the operating room management market, globally, due to the presence of a large number of well-established market players, a rapid increase in the investments, and high inclination toward minimally invasive methods, among others. Furthermore, huge availability of funds for the healthcare sector’s development, high adoption of technological advancements, increase in the prevalence of chronic diseases, rise in patient visits to the physicians, etc. are driving the operating room management market in North America. According to the federal government estimates, the current US healthcare industry’s spending was approximately 18% of the GDP and corresponded to the highest healthcare spending as a percentage of GDP, globally (2017).

Competitive Landscape

The operating room management market is highly fragmented. The market players are continuously focusing on acquisitions, mergers, provisions of customized solutions, and expansions in the untapped commercial markets. Moreover, companies are investing huge amounts on developing new products and platforms with enhanced and improved features, as part of their commercialization strategies. Some of the key players in the market include Allscripts Healthcare Solutions Inc., Becton, Dickinson and Company, Cerner Corp, Getinge AB, McKesson Corp, Nexus AG, Omnicell Inc., Optum Inc., Richard Wolf GmbH, and Steris PLC.

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