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Global Operating Room Management Solutions Market: Focus on Solutions Type (Data Management, Communication, Anesthesia Information Solutions, OR Scheduling, and Inventory Management, among others), Mode of Deployment, End Users and Region - Analysis and Forecast, 2019-2029

  • ID: 4840188
  • Report
  • Region: Global
  • 202 Pages
  • BIS Research
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Global Operating Room Management Solutions Market to Reach $3.69 Billion by 2029

FEATURED COMPANIES

  • Brainlab AG
  • Cerner Corporation
  • DXC Technology
  • General Electric Company
  • Getinge AB
  • McKesson Corporation
  • MORE

Key Questions Answered in the Report:

  • What are the total addressable market (TAM), segmental addressable market (SAM) and the potential market opportunity of the global operating room management solutions market?
  • What are the major market drivers, challenges and opportunities in global operating room management solutions market?
  • What is the market share of the leading segments and sub-segments of the global operating room management solutions market in 2019 and what is it expected to be in 2029?
  • How has the global operating room management solutions market evolved and what are the factors that necessitated its evolution?
  • How is each segment of the global operating room management solutions market expected to grow during the forecast period and what is the revenue expected to be generated by each of the segments by the end of 2029?
  • What are the anticipated consumer preferences in terms of adoption of global operating room management solutions during the forecast period?
  • What are the key developmental strategies implemented by the key players to stand out in this market?
  • What is the future potential of global operating room management solutions market in emerging countries during the forecast period?

Global Operating Room Management Solutions Market Forecast, 2019-2029

The Global Operating Room Management Solutions Market Report projects the market to grow at a significant CAGR of 6.4% during the forecast period from 2019 to 2029. The market has evolved dramatically with the rising number of chronic diseases and geriatric population. Hospitals spend around 70% of their budget on the operating rooms and hence are concerned with the consistent decline in revenue generation from these specialized suites. Hence, healthcare organizations are increasingly promoting the adoption of software solutions (e.g. OR scheduling and supply management software) that can significantly boost operational efficiency while reducing cost.

Despite the benefits of these software solutions, the major challenges in the market are the high price of these software solutions and lack of IT proficiency among surgeons or physicians. Some of the major opportunities for the key vendors in the market could be an investment in emerging markets such as India and China, as well as the development of low cost and multi-tasking software solutions. Vendors can further collaborate with large EHR vendors such as Cerner and Epic to address the needs of their huge customer base.

Expert Quote

"Anaesthesia information management systems are expected to hold the largest share of the market (32.27%) with a souring CAGR of 4.7%. However, in terms of growth rate, operating room supply management solutions are expected to attain the highest CAGR of 7.9% during the forecast period. In terms of deployment model, web-based solutions (on-demand software) are expected to grow with the CAGR of 10.6% during the forecast period. This growth rate is primarily due to consumer preferences as these solutions free the user from application hosting, maintenance, and security aspects."

Scope of the Market Intelligence on Global Operating Room Management Solutions Market

The purpose of this study is to gain a holistic view of the global operating room management solutions market in terms of various influencing factors such as regional adoption trends, technological advancements, and pricing patterns.

The scope of this report constitutes an in-depth study of the global operating room management solutions market, including a thorough analysis of the products in the market as well as their adoption spanning different geographical regions. The market has been chiefly segmented into solution type, mode of delivery, end-user, and region. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.

Market Segmentation

The Global Operating Room Management Solutions Market can be segmented on the basis of “Solution Type”, “Mode of Delivery”, “End User”, and “Region”. As of 2019, anesthesia information management solutions (AIMS) account for the largest revenue  ($751.5 million) and is expected to reach a value of $1.19 billion by the end of 2029. In terms of growth, OR supply management solutions followed by data management solutions are expected to achieve the highest CAGR during the forecast period, i.e., 7.9%and 7.7% respectively. The major reason for the growth in the supply management segment is the large losses incurred by the hospitals due to absence of surgical supplies at the time of surgery, which becomes hazardous both in terms of hospital cost as well as patient safety. The growth in the data management solution segment is primarily due to the increasing amount of video and image data generated during surgeries (minimally invasive surgeries).

As of 2019, North America is the largest shareholder for the overall market and is expected to reach the value of $1.79 billion by the end of 2029 growing with the CAGR of 4.5% during the forecast period. However, a double-digit growth rate can be expected from the Asia-Pacific region considering its huge population aged 65, a large pool of patients with chronic diseases and consistent push toward digitization within operating room environments.

Though the adoption rate of the operating room management solutions has been very less, the potential that lies in them is immense. The integration of different software in the operating room will not only improve the surgeon’s productivity and improve customer experience but will also help hospitals to generate revenue by saving the otherwise delay costs. To make the entire preoperative, perioperative and postoperative processes more streamlined, different kinds of technologies such as automation, speech control, and hybrid operating room are being employed. The hospitals are willing to experiment with different technologies to enhance productivity and improve the process

Key Companies in the Operating Room Management Solutions Market

Some of the major key players in the global operating room management solutions market include Becton, Dickinson and Company, STERIS PLC, DXC Technology Company, Cerner Corporation, Allscripts Healthcare Solutions, Omnicell, McKesson, GE Healthcare, Optum, Nexus AG, Getinge, Surgical Information Systems, Picis Clinical Solutions, Brainlab, and Richard Wolf, among others.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Brainlab AG
  • Cerner Corporation
  • DXC Technology
  • General Electric Company
  • Getinge AB
  • McKesson Corporation
  • MORE

Executive Summary

1 Product Definition
1.1 Data Management
1.2 Communication Solutions
1.3 Anesthesia Information Management Systems (AIMS)
1.4 Scheduling Software
1.5 OR Supply Management Solutions
1.6 Image Analysis
1.7 Visualization
1.8 Reporting and Documentation

2 Scope of the Report

3 Research Methodology
3.1 Research Methodology
3.1.1 Primary Data Sources
3.1.2 Secondary Data Sources
3.1.3 Data Triangulation
3.1.4 Data and Prediction Modeling

4 Industry Analysis
4.1 Industry Structure
4.2 Value Chain Analysis
4.2.1 Inbound Activities
4.2.2 Operations
4.2.3 Outbound Logistics
4.2.4 Sales and Marketing
4.2.5 Service
4.3 Regulatory Framework
4.3.1 Regulatory Framework in North America
4.3.2 Regulatory Framework in Europe
4.3.3 Regulatory Framework in Asia-Pacific
4.4 Patent Analysis
4.5 Legal Requirements and Regulations
4.5.1 Class I: Regulation of OR Integration Software
4.6 Key Developments
4.6.1 Acquisitions
4.6.2 Product Launches:
4.6.3 Agreements, Partnerships, and Collaborations

5 Market Dynamics
5.1 Growth-Promoting Factors
5.1.1 Push Toward Streamlining Workflows and Increasing Efficiency in Operating Rooms
5.1.2 Surge in Chronic Diseases and Rapidly Increasing Geriatric Population
5.1.3 Rise in Geriatric Population
5.1.4 Rising Need for Surgical Care Services
5.2 Market Challenges
5.2.1 High Cost of Operating Room Management Software
5.2.2 Increasing Security Breaches
5.3 Market Opportunities
5.3.1 Solutions with Image Superimposition Capabilities
5.3.2 Investment in Speech Control Solutions
5.3.3 Increasing Number of Surgeries in Developing Countries
5.3.4 Integration of Different Software with the Operating Room Software Platform
5.3.5 Investment in Emerging Markets Such as the Middle East and APAC Countries

6 Competitive Landscape

7 Global Operating Room Management Solutions (by Type)
7.1 Operating Room Data Management
7.2 Operating Room Communication Solutions
7.3 Anesthesia Information Management Solutions
7.4 Operating Room Scheduling Software
7.5 Operating Room Supply Chain Management Solutions

8 Global Operating Room Management Solutions Market (by Mode of Deployment)
8.1 Overview
8.2 On-Premise Model
8.3 On-Cloud Based Model
8.4 Web-Based Model

9 Global Operating Room Management Solutions Market (by End Users)
9.1 Hospitals
9.2 Ambulatory Surgery Centers

10 Global Operating Room Management Solutions (by Region)
10.1 Overview
10.1.1 Analysis of Growth Potential of Different Countries
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 Spain
10.3.3 U.K.
10.3.4 France
10.3.5 Italy
10.4 Asia-Pacific
10.4.1 India
10.4.2 China
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.5 Rest-of-the-World
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Kingdom of Saudi Arabia
10.5.4 United Arab Emirates
10.5.5 Russia

11 Company Profiles
11.1 Overview
11.2 Allscripts Healthcare Solutions, Inc.
11.2.1 Role of Allscripts Healthcare Solutions, Inc. in the OR Management Solutions Market
11.2.2 Financials
11.2.2.1 Financial Summary
11.2.3 SWOT Analysis
11.3 BECTON, DICKINSON AND COMPANY
11.3.1 Company Overview
11.3.2 Role of BECTON, DICKINSON, AND COMPANY in the OR Management Solutions Market
11.3.3 Financials
11.3.4 Key Insights About Financial Health of the Company
11.3.5 SWOT Analysis
11.4 Brainlab AG
11.4.1 Overview
11.4.2 Role of Brainlab AG in the OR Management Solutions Market
11.4.3 SWOT Analysis
11.5 Cerner Corporation
11.5.1 Overview
11.5.2 Role of Cerner Corporation in the OR Management Solutions Market
11.5.3 Financials
11.5.3.1 Financial Summary
11.5.4 SWOT Analysis
11.6 DXC Technology
11.6.1 Company Overview
11.6.2 Role of DXC Technology in the OR Management Solutions Market
11.6.3 Financials
11.6.4 SWOT Analysis
11.7 Getinge AB
11.7.1 Overview
11.7.2 Role of Getinge AB in the OR Management Solutions Market
11.7.3 Financials
11.7.3.1 Financial Summary
11.7.4 SWOT Analysis
11.8 General Electric Company
11.8.1 Overview
11.8.2 Role of General Electric Company in the OR Management Solutions Market
11.8.3 Financials
11.8.3.1 Financial Summary
11.8.4 SWOT Analysis
11.9 McKesson Corporation
11.9.1 Overview
11.9.2 Role of Mckesson Corporation in the OR Management Solutions Market
11.9.3 Financials
11.9.3.1 Financial Summary
11.9.4 SWOT Analysis
11.10   NEXUS AG
11.10.1 Company Overview
11.10.2 Role of NEXUS AG in the OR Management Solutions Market
11.10.3 Financials
11.10.4 Key Insights about Financial Health of the Company
11.10.5 SWOT Analysis
11.11   OMNICELL, INC.
11.11.1 Company Overview
11.11.2 Role of OMNICELL, INC. in the OR Management Solutions Market
11.11.3 Financials
11.11.4 Key Insights about Financial Health of the Company
11.11.5 SWOT Analysis
11.12   Picis Clinical Solutions, Inc.
11.12.1 Company Overview
11.12.2 Role of Picis Clinical Solutions, Inc. in the OR Management Solutions Market
11.12.3 SWOT Analysis
11.13   Richard Wolf GmbH
11.13.1 Overview
11.13.2 Role of Richard Wolf GmbH in the OR Management Solutions market
11.13.3 SWOT Analysis
11.14   Surgical Information Systems, LLCs, LLC
11.14.1 Company Overview
11.14.2 Role of Surgical Information Systems, LLCs, LLC in the OR Management Solutions Market
11.14.3 SWOT Analysis
11.15   Steris Corporation
11.15.1 Overview
11.15.2 Role of Steris Corporation in the OR Management Solutions Market
11.15.3 Financials
11.15.3.1 Financial Summary
11.15.4 SWOT Analysis
11.16   Vocera Communications, Inc.
11.16.1 Company Overview
11.16.2 Role of Vocera Communications, Inc. in the OR Management Solutions Market
11.16.3 Financials
11.16.4 Key Insights about Financial Health of the Company
11.16.5 SWOT Analysis

List of Tables
Table 4.1: Regulatory Authorities/Associations/Consortiums for Medical Devices in North America
Table 4.2: Regulatory Authorities/Associations/Consortiums for Medical Devices in Europe
Table 4.3: Regulatory Authorities/Associations/Consortiums for Medical Devices in Asia-Pacific
Table 4.4: Key Regulatory Bodies Regulating OR Integration Software
Table 5.1. Prevalence of Chronic Diseases in the U.S and the Cost Incurred to Treat the Disease
Table 5.2: Surgical Procedure Volume (in Million)
Table 5.3: Global Major Surgical Procedure Volume
Table 5.4: Future Trends in an OR Environment (Global)
Table 6.1: Product/provider Matrix in the Global Operating Room Management Solutions Market
Table 7.1: Leading Operating Room Data Management Solution Providers
Table 7.2: Leading Operating Room Communication Solution Providers
Table 7.3: Leading Anesthesia Information Management Solution Providers
Table 7.4: Leading Operating Room Scheduling Solution Providers
Table 7.5: Leading Operating Room Supply Chain Management Solution Providers
Table 8.1: Leading On-Premise Operating Room Management Software Solutions
Table 8.2: Leading Cloud-Based Operating Room Management Software Solutions
Table 8.3: Leading Web-Based Operating Room Management Software Solutions
Table 10.1: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in the U.S.
Table 10.2: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Canada
Table 10.3: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Germany
Table 10.4: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Spain
Table 10.5: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in the U.K.
Table 10.6: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in France
Table 10.7: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Italy
Table 10.8: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in India
Table 10.9: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in China
Table 10.10: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Japan
Table 10.11: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in South Korea
Table 10.12: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Australia
Table 10.13: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in New Zealand
Table 10.14: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Brazil
Table 10.15: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Mexico
Table 10.16: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Saudi Arabia
Table 10.17: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in the United Arab Emirates (UAE)
Table 10.18: The Local Competition, Major Drivers for the Market and Leading Hospitals Pursuing OR Integration in Russia

List of Figures
Figure 1: Global Operating Room Management Solutions Market (by Type), $million, 2019-2029
Figure 2: Global Operating Room Management Solutions Market (by Deployment Model), $million, 2019-2029
Figure 3: Global Operating Room Management Solutions Market (by Region), $million, 2019-2029
Figure 4: Number of Operating Rooms Across Different Regions (2017 and 2025)
Figure 5: Share of Key Strategies and Developments, January 2014-March 2019
Figure 2.1: Global Operating Room Management Solutions: Market Segmentation
Figure 3.1: Operating Room Management Solutions Market Research Methodology
Figure 3.2: Primary Research
Figure 3.3: Secondary Research
Figure 3.4: Data Triangulation
Figure 3.5: Bottom-Up Approach (Segment-wise Analysis)
Figure 3.6: Assumptions and Limitations
Figure 3.7: Factors Considered for Data Prediction and Modeling
Figure 4.1: Value Chain Analysis of Operating Room Management Solutions Market
Figure 4.2: Patent Analysis for the Global Operating Room Management Solutions Market
Figure 4.3: Competitive Landscape, January 2015-July 2019
Figure 4.4: Share of Major Acquisition Strategies between 2015-2019
Figure 4.5: Share of Product launches (by Company), 2015-2019
Figure 4.6: Agreements, Partnerships, and Collaborations Share (by Company), January 2015-March 2019
Figure 7.1: Global Data Management Solutions Market, $Million, 2019-2029
Figure 7.2: Global Data Communication Solutions Market, $Million, 2019-2029
Figure 7.3: Global Operating Room Scheduling Software Market, $Million, 2019-2029
Figure 7.4: Global OR Supply Chain Management Solutions Market, $Million, 2019-2029
Figure 8.1: Global On-Premise Solutions Market, $Million, 2019-2029
Figure 8.2: Global Cloud-Based Solutions Market, $Million, 2019-2029
Figure 8.3: Global Web-Based Solutions Market, $Million, 2019-2029
Figure 8.4: Major Benefits Offered by a Web-Based Software Solution
Figure 9.1: Global OR Management Solutions Market, (Hospitals), $Million, 2019-2029
Figure 9.2: Global Ambulatory Surgery Centers Market, $Million, 2019-2029
Figure 10.1: Global Operating Room Management Solutions Market (by Region), Market Share, 2018
Figure 10.2: North America OR Management Solutions Market, $Million, 2019-2029
Figure 10.3: U.S. OR Management Solutions Market, $Million, 2019-2029
Figure 10.4: Canada OR Management Solutions Market, $Million, 2019-2029
Figure 10.5: Europe OR Management Solutions Market, $Million, 2019-2029
Figure 10.6: Germany OR Management Solutions Market, $Million, 2019-2029
Figure 10.7: Spain OR Management Solutions Market, $Million, 2019-2029
Figure 10.8: U.K. OR Management Solutions Market, $Million, 2019-2029
Figure 10.9: France OR Management Solutions Market, $Million, 2019-2029
Figure 10.10: Italy OR Management Solutions Market, $Million, 2019-2029
Figure 10.11: India OR Management Solutions Market, $Million, 2019-2029
Figure 10.12: China OR Management Solutions Market, $Million, 2019-2029
Figure 10.13: Japan OR Management Solutions Market, $Million, 2019-2029
Figure 10.14: South Korea OR Management Solutions Market, $Million, 2019-2029
Figure 10.15: Australia OR Management Solutions Market, $Million, 2019-2029
Figure 10.16: Brazil OR Management Solutions Market, $Million, 2019-2029
Figure 10.17: Kingdom of Saudi Arabia OR Management Solutions Market, $Million, 2019-2029
Figure 10.18: UAE OR Management Solutions Market, $Million, 2019-2029
Figure 10.19: Russia OR Management Solutions Market, $Million, 2019-2029
Figure 11.1: Total Number of Companies Profiled
Figure 11.2: Allscripts Healthcare Solutions, Inc.: Overall Financials, (2016-2018)
Figure 11.3: Allscripts Healthcare Solutions, Inc.: Revenue by Region, (2016-2018)
Figure 11.4: Allscripts Healthcare Solutions, Inc.: Revenue by Business Segment, (2016-2018)
Figure 11.5: Allscripts Healthcare Solutions, Inc.: SWOT Analysis
Figure 11.6: BECTON, DICKINSON, AND COMPANY: Overall Product Portfolio
Figure 11.7: BECTON, DICKINSON, AND COMPANY: Overall Financials, 2016-2018
Figure 11.8: BECTON, DICKINSON, AND COMPANY: Revenue (by Segment), 2016-2018
Figure 11.9: BECTON, DICKINSON, AND COMPANY: Revenue (by Region), 2016-2018
Figure 11.10: BECTON, DICKINSON, AND COMPANY: R&D Expenditure, 2016-2018
Figure 11.11: BECTON, DICKINSON, AND COMPANY: SWOT Analysis
Figure 11.12: Brainlab AG: Overall Product Portfolio
Figure 11.13: Brainlab AG: SWOT Analysis
Figure 11.14: Cerner Corporation: Overall Product Portfolio
Figure 11.15: Cerner Corporation: Overall Financials (2016-2018)
Figure 11.16: Cerner Corporation: Net Revenue by Business Segment (2016-2018)
Figure 11.17: Cerner Corporation: Net Revenue by Region (2014-2016)
Figure 11.18: Cerner Corporation - SWOT Analysis
Figure 11.19: DXC Technology: Overall Product Portfolio
Figure 11.20: DXC TECHNOLOGY: Overall Financials, 2016-2018
Figure 11.21: DXC TECHNOLOGY: Revenue (by Segment), 2016-2018
Figure 11.22: DXC TECHNOLOGY: Revenue (by Region), 2016-2018
Figure 11.23: DXC TECHNOLOGY: SWOT Analysis
Figure 11.24: Getinge AB: Overall Product Portfolio
Figure 11.25: Getinge AB: Overall Financials (2015-2017)
Figure 11.26: Getinge AB: Net Revenue by Business Segment (2015-2017)
Figure 11.27: Getinge AB: Net Revenue by Region (2015-2017)
Figure 11.28: Getinge AB: SWOT Analysis
Figure 11.29: General Electric Company: Overall Product Portfolio
Figure 11.30: GE Corporation: Overall Financials (2015-2017)
Figure 11.31: GE Corporation: Revenue by Sub-Segment (2016-2017)
Figure 11.32: GE Corporation: Revenue by Region (2015-2017)
Figure 11.33: GE Corporation: Healthcare Revenue by Region (2016-2017)
Figure 11.34: GE Corporation: Revenue by Segment (2015-2017)
Figure 11.35: GE Corporation: Revenue by Sub-Segment (2016-2017)
Figure 11.36: General Electric Company: SWOT Analysis
Figure 11.37: McKesson Corporation: Overall Financials (2017-2019)
Figure 11.38: McKesson Corporation: Net Revenue by Business Segment (2017-2019)
Figure 11.39: McKesson Corporation: Net Revenue by Region (2017-2019)
Figure 11.40: McKesson Corporation - SWOT Analysis
Figure 11.41: NEXUS AG: Overall Product Portfolio
Figure 11.42: NEXUS AG: Overall Financials, 2016-2018
Figure 11.43: NEXUS AG: Revenue (by Segment), 2017-2018
Figure 11.44: NEXUS AG: Revenue (by Region), 2017-2018
Figure 11.45: NEXUS AG: R&D Expenditure, 2016-2018
Figure 11.46: NEXUS AG: SWOT Analysis
Figure 11.47: OMNICELL, INC.: Overall Product Portfolio
Figure 11.48: OMNICELL, INC.: Overall Financials, 2016-2018
Figure 11.49: OMNICELL, INC.: Revenue (by Segment), 2016-2018
Figure 11.50: OMNICELL, INC.: Revenue (by Region), 2016-2018
Figure 11.51: OMNICELL, INC.: R&D Expenditure, 2016-2018
Figure 11.52: OMNICELL, INC.: SWOT Analysis
Figure 11.53: Picis Clinical Solutions, Inc.: Overall Product Portfolio
Figure 11.54: Picis Clinical Solutions, Inc.: SWOT Analysis
Figure 11.55: Richard Wolf GmbH: Overall Product Portfolio
Figure 11.56: Richard Wolf GmbH SWOT Analysis
Figure 11.57: Surgical Information Systems, LLCs, LLC: Overall Product Portfolio
Figure 11.58: Surgical Information Systems, LLCs, LLC: SWOT Analysis
Figure 11.59: Steris Corporation: Overall Product Portfolio
Figure 11.60: Steris plc: Overall Financials (2015-2017)
Figure 11.61: Steris plc: Net Revenue by Business Segment (2015-2017)
Figure 11.62: Steris plc: Net Revenue by Region (2015-2017)
Figure 11.63: Steris plc: SWOT Analysis
Figure 11.64: Vocera Communications, Inc.: Overall Product Portfolio
Figure 11.65: Vocera Communications, Inc.: Overall Financials, 2016-2018
Figure 11.66: Vocera Communications, Inc.: Revenue (by Segment), 2016-2018
Figure 11.67: Vocera Communications, Inc.: Revenue (by Region), 2016-2018
Figure 11.68: Vocera Communications, Inc.: R&D Expenditure, 2016-2018
Figure 11.69: Vocera Communications, Inc.: SWOT Analysis

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Brainlab AG
  • Cerner Corporation
  • DXC Technology
  • General Electric Company
  • Getinge AB
  • McKesson Corporation
  • MORE

According to the market intelligence report, "Global Operating Room Management Solutions Market - Analysis and Forecast, 2019-2029", the global operating room management solutions generated a revenue of $1.84 billion in 2018 and is estimated to grow over $3.69 billion by the end of 2029. The market is projected to grow at a CAGR of 6.4%, during the forecast period from 2019 to 2029. There are multiple factors that drive the market such as the rising push toward streamlining of OR workflows and increasing the operational efficiency in order to meet consistently increasing surgical volume. The contribution of chronic diseases and the rapidly increasing geriatric population is also significantly facilitating the growth of the market.

Operating room management is the discipline of healthcare IT which majorly focuses on maximizing operational efficiency within a surgical suite. The increase in operational efficiency, in turn, helps in maximizing the number of surgical cases that can be performed in any given day while minimizing the resources required and other related costs. Typically, operating room management varies on the basis of the region it is being employed in. For example, in profit-oriented healthcare systems, OR management is employed to emphasize on strategic thinking in order to increase revenue generation, while countries wherein citizens are covered with a publicly funded healthcare system, OR management is a key step employed to emphasize on operational decisions.

Operating rooms comprise a significant fraction of hospital expenditure. The operations take typically $1000 per hour; however, they also generate revenue. Surgical operations and their associated hospitalizations generate about 70% of the hospital’s revenue, hence keeping the patient safety a constant, healthcare stakeholders are consistently trying to modify the use of existing resources to increase financial gains.

According to a study published in the Journal of the American Medical Association, about $140 billion is lost every year in the U.S. healthcare system which is primarily due to inefficient management of internal operations. With the advent of digitization within OR environments (especially after the incentive-backed implementation of EHR), healthcare stakeholders are consistently employing software solutions that may cater to the diverse needs of the operating room such as OR scheduling and planning, image capture and analysis, inventory management and traceability, data management, and communication solutions.

According to Swarup Chakrabarty, an analyst, Anaesthesia information management systems are expected to hold the largest share of the market (32.27%) with a souring CAGR of 4.7%. However, in terms of growth rate, operating room supply management solutions are expected to attain the highest CAGR of 7.9% during the forecast period. In terms of deployment model, web-based solutions (on-demand software) are expected to grow with the CAGR of 10.6% during the forecast period. This growth rate is primarily due to consumer preferences as these solutions free the user from application hosting, maintenance, and security aspects.

Research Highlights:

  • Most of the hospitals use surgical scheduling systems designed by leading EMR vendors such as Epic Systems, and Cerner Corporation, among others. The surgery prediction approach used by most of the commercial vendors is currently based on a moving average of previous cases, procedure and surgeon codes.
  • According to a study conducted by the Center for Innovation in Healthcare Logistics, an industry-university partnership, in 2013, in which three hospitals of the Mercy network (a US-based hospitals system) participated, it was noted that the usage of the inventory management can reduce the cost of the medical and surgical procedures up to 6-13.5%
  • Though the on-premise model is the least preferred when it comes to data accessibility, the data privacy aspect of this model is hard to replicate hence companies are now developing software that works on this model as well as any other model like cloud or web for data sharing.
  • The major reason for switching to or preferring cloud-based model is the cost-effectiveness. The usage of cloud-based software rather than on-premise and web-based results into 2%-10% times more cost-effectiveness as compared to its counterparts. Other reasons include low maintenance costs, speed of deployment and limited technical expertise and the staff requirement.
  • Though it is known that the efficient utilization of the inventory can save a hospital a large part of its expenditure budget, operational efficiency could be further increased by using the cloud-based inventory management system. A cloud-based inventory management system will keep the stock of all the inventory and does not require any staff member to provide the input. One example of a cloud-based inventory management system is Smart Cabinet from LogiTag.

This market intelligence report provides a multidimensional view of the global operating room management solutions market in terms of market size and growth potential. This research report aims at answering various aspects of the global operating room management solutions market with the help of key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global operating room management solutions market and assesses the factors governing the same.

Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with recent market activities such as product launches, regulatory clearance, and certifications, partnerships, collaborations, business expansions as well as mergers and acquisitions, etc. The research report provides a comprehensive analysis of product sales, manufacturers and trend analysis by segments, and demand by geographical regions.

This report is a meticulous compilation of research on more than 100 players in the market ecosystem and draws upon insights from in-depth interviews with key opinion leaders of more than 20 leading companies, market participants, end-users and vendors. The report also profiles 17 companies including many key players such as Becton, Dickinson and Company, STERIS PLC, DXC Technology Company, Cerner Corporation, Allscripts Healthcare Solutions, Omnicell, McKesson, GE Healthcare, Optum, Nexus AG, Getinge, Surgical Information Systems, and Picis Clinical Solutions, among others.

Note: Product cover images may vary from those shown
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  • Allscripts Healthcare Solutions, Inc.
  • BECTON, DICKINSON AND COMPANY
  • Brainlab AG
  • Cerner Corporation
  • DXC Technology
  • Getinge AB
  • General Electric Company
  • McKesson Corporation
  • NEXUS AG
  • OMNICELL, INC.
  • Picis Clinical Solutions, Inc.
  • Richard Wolf GmbH
  • Surgical Information Systems,LLCs, LLC
  • Steris Corporation
  • Vocera Communications, Inc.
Note: Product cover images may vary from those shown
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