FEATURED COMPANIES
- Arthrex, Inc.
- Barco NV
- Cerner Corporation
- Eizo Corporation
- Hill-Rom Holdings, Inc.
- Olympus Corporation
Key Questions Answered in this Report:
- What are the different types of OR communication hardware and software available in the market, and what are the benefits offered by them?
- What are the major drivers, challenges, and opportunities in the global OR communication market?
- What are the key development strategies implemented by the key players to stand out in this market?
- What are the regulations pertaining to the global OR communication market?
- What are the initiatives implemented by different governmental bodies regulating the development and commercialization of OR Communication systems?
- What are the leading companies dominating the global OR communication market?
- What are the perceptions of the investors about the global OR communication market?
- How many types of OR communication hardware and software are available in the market, and which are the companies offering them?
- Based on the type of operating room, which type of OR is anticipated to witness a massive rise in demand in the forecast period?
- What was the market value in 2018 of the leading segments and sub-segments of the global OR communication market?
- How is each segment of the OR communication 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 2025?
- How is the industry anticipated to evolve during the forecast period 2019-2025?
- Which region is expected to contribute to the highest sales of the global OR communication market during the forecast period?
- What are the leading trends and end-user preferences witnessed in the global OR communication market?
Global OR Communication Market projects the market to grow at a significant CAGR of 7.71% during the forecast period 2019-2025. The global OR communication market generated $2,574.5 million revenue in 2018, in terms of value.
The OR communication market growth has been primarily attributed to the major drivers in this market such as increasing the burden of chronic diseases, increase in the number of surgeries performed, growing geriatric population, high demand for minimally invasive surgeries, and increasing awareness about the surgical options available. The market is expected to grow at a significant growth rate due to the opportunities that lie within its domain, which include product launches, introduction of mobile-based applications for enhancing the communication, and increasing merger and acquisitions among the industry players. However, there are significant challenges which are restraining the market growth. These challenges include high prices for communication and integration solutions, and an overwhelming number of technologies involved.
Expert Quote
"The continued push toward affordable healthcare is also modifying the medical device market. The need for effective communication in the OR has resulted in development of innovative devices and mobile-based applications. The OR communication is resulting in better efficacy, lesser turnaround time, enhanced patient experience, and high throughput in the OR setup ultimately benefitting the hospital’s financial position"
Scope of the Market Intelligence on Global OR Communication Market
The global OR communication market research provides a holistic view of the global market in terms of various factors influencing it, including regulatory reforms, and technological advancements.
The scope of this report is centered upon conducting a detailed study of the devices used for communication inside the operating room. In addition, the study also includes exhaustive information on the impact of OR communication on various end-users, perception on the new product launches, competitive landscape, growth potential of each underlying sub-segments, and company, as well as other vital information with respect to global OR communication market.
Market Segmentation
The global OR communication market (based on type) is further segmented as hardware OR communication and software OR communication.
The OR communication market (based on type of OR) is further segmented into hybrid OR, integrated OR, and digital OR.
The OR communication market (based on end-user) is further segmented into hospitals and ambulatory surgical centers.
Key Companies in the Global OR Communication Market
The key manufacturers who have been contributing significantly to the global OR Communication market include Stryker Corporation, General Electric Company, Hill-Rom Services Inc., Cerner Corporation, Ascom, Arthrex Inc., KARL STORZ SE & Co. KG, Steris plc, Getinge AB, Vocera Communications, Inc., Olympus Corporation, Diversified, Barco NV, Brainlab AG, Dragerwerk AG & Co. KGaA, Eizo Corporation, and Richard Wolf GmbH, among others.
FEATURED COMPANIES
- Arthrex, Inc.
- Barco NV
- Cerner Corporation
- Eizo Corporation
- Hill-Rom Holdings, Inc.
- Olympus Corporation
Executive Summary1 Product Definition
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FEATURED COMPANIES
- Arthrex, Inc.
- Barco NV
- Cerner Corporation
- Eizo Corporation
- Hill-Rom Holdings, Inc.
- Olympus Corporation
According to this market intelligence report, titled “Global OR Communication Market - Analysis and Forecast, 2019-2025”, the global OR communication market was estimated at $2.5 billion in 2018, and is estimated to reach $4.3 billion by 2025. The global OR communication market is expected to grow at a single-digit compound annual growth rate between the years 2019 and 2025, aided by the increasing burden of chronic diseases, increase in the number of surgeries performed, growing geriatric population, high demand for minimally invasive surgeries, and increasing awareness about the surgical options available.
The global OR communication market is expected to be witnessing an impressive growth of 7.71% in the forecast period, 2019-2025. North America (46.44%), followed by Europe (24.50%), held the major share of this global market (in terms of revenue) in 2018. North America and Europe are expected to retain the leading positions throughout the forecast period (2019-2025), accounting for shares of 46.03% and 23.64%, respectively, of the total market in 2025. The market is driven by the increasing burden of chronic diseases, an increase in the number of surgeries performed, growing geriatric population, high demand for minimally invasive surgeries, and increasing awareness about the surgical options available.
This research report aims at answering various aspects of the global OR communication market with the help of the key factors driving the market, restraints that can inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. Moreover, the report also includes chapters on market dynamics (market drivers, opportunities, and challenges) and industry analysis.
The research study considers the technology timeline analysis and battery life analysis for a comprehensive understanding of the global OR communication market and assesses the factors governing the same. The market (by region), consists of the key market trends, list of the key players, and the recent developments that have taken place have been discussed.
- Arthrex, Inc.
- Ascom Holding AG
- Barco NV
- Brainlab AG
- Cerner Corporation
- Diversified
- Eizo Corporation
- General Electric Company (GE)
- Getinge AB
- Hill-Rom Holdings, Inc.
- KARL STORZ SE & Co. KG
- Olympus Corporation
- Richard Wolf GmbH
- Steris Plc
- Stryker Corporation
- Vocera Communications, Inc.
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