The hybrid operating room market was valued at $744 million in 2018, and is estimated to reach at $1,804 million by 2026, registering a CAGR of 11.7% from 2019 to 2026. The hybrid operating room (OR) is a facility wherein surgical interventions & procedures are performed on patients to treat various pathological & physiological conditions. The hybrid operating room acts as an inert, safe, and sterile environment to perform surgeries. Therefore, it is vital that sound equipment is provided, which leads to successful surgical interventions. Hybrid operating room comprises well-equipped surgical theatre along with technologically advanced imaging devices. Imaging devices such as MRI scanners, mobile X-ray machines, interventional imaging & C-arms, and CT scanners are used in hybrid operating rooms. These imaging devices are used in minimally invasive surgeries. Various hybrid operating processes can be performed with an optimal imaging as well as portable e arm, and technical functionality can be operated in hybrid OR.
Rise in adoption of minimally invasive surgeries by physicians; increase in number of patients suffering from orthopedic, thoracic, cardiovascular, and neurological disorders; rapid technological advancements in imaging modalities such as MRI, CT scan, ultrasound, and others; and an increase in investment in hybrid OR equipment are the key factors that fuel the growth of the hybrid operating room market. Moreover, rise in patient preference for effective & affordable surgical treatments, surge in number of hospitals, growth in regulatory approvals for different hybrid operating equipment, and an increase in private &government investments for healthcare facilities infrastructure are other factors that augment the growth of the market. However, high installation & operational cost and procedural risks associated with hybrid operating room are expected to hinder the growth of the market.
The global hybrid operating room market is segmented into product, application, and region. By product, the market is categorized into intraoperative diagnostic system, operating room fixtures, communication systems, and others. Intraoperative diagnostic system is subsegmented into magnetic resonance imaging (MRI), computed tomography (CT), angiography systems, and others. The operating room fixtures is further divided into operating tables, operating room lights, and surgical booms. The applications covered in the study include cardiovascular surgery, neurosurgery, thoracic surgery, orthopedic surgeries, and other surgery. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Application
By Region
LIST OF KEY PLAYERS PROFILED IN THE REPORT
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
The global hybrid operating room market is segmented into product, application, and region. By product, the market is categorized into intraoperative diagnostic system, operating room fixtures, communication systems, and others. Intraoperative diagnostic system is subsegmented into magnetic resonance imaging (MRI), computed tomography (CT), angiography systems, and others. The operating room fixtures is further divided into operating tables, operating room lights, and surgical booms. The applications covered in the study include cardiovascular surgery, neurosurgery, thoracic surgery, orthopedic surgeries, and other surgery. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- A comprehensive analysis of four regions is provided to determine the existing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Intraoperative Diagnostic System
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Angiography Systems
- Others
- Operating Room Fixtures
- Operating Tables
- Operating Room Lights
- Surgical Booms
- Communication Systems
- Others
By Application
- Cardiovascular Surgery
- Neurosurgery
- Thoracic Surgery
- Orthopedic Surgeries
- Other Surgery
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Alvo Medical
- GE Healthcare
- Getinge AB (MAQUET Holding B.V. & Co. KG)
- Hill-Rom Holdings, Inc. (Trumpf Medical System, Inc.)
- IMRIS Inc.
- Koninklijke Philips N.V.
- Mizuho Corporation
- Siemens AG
- Stryker Corporation
- Toshiba Corporation (Canon Medical Systems Corporation)
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- Skytron, LLC
- Eschmann Equipment
- Mediflex Surgical Products
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Hybrid Operating Room Market, By Product
Chapter 5: Hybrid Operating Room Market, By Application
Chapter 6: Hybrid Operating Room Market, By Region
Chapter 7: Company Profiles
Executive Summary
According to the report, titled, 'Hybrid Operating Room Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global hybrid operating room market size was valued at $744 million in 2018, and is projected to reach $1,804 million by 2026, growing at a CAGR of 11.7% from 2019 to 2026.Hybrid operating room in medical settings refers to a facility wherein different surgical procedures are performed for the treatment of diverse pathological and physiological conditions in a sterile environment. Hybrid operating room comprises technically efficient and easy-to-use equipment for routine interventions. It is equipped with complex, advanced imaging devices, and supporting technologies that provide a closer & clearer patient diagnosis. The advanced imaging systems assists in minimally invasive procedures, which minimizes the chances of incisions and risk of trauma in patient undergoing treatment. Various clinical applications such as orthopedic trauma surgery, neuronal surgeries, thoracic surgery, cardiovascular surgery, and laparoscopy surgery are performed in the hybrid operating room.
The major factors that boost the global hybrid operating room market growth are rapid technological advancements in the imaging modalities such as MRI, CT scan, ultrasound, and others; rise in counts of patients undergoing renal, cardiac, oncological, and neurological treatments; and an increase in preference of patients toward hybrid operating room due to better patient safety, shorter hospital stays, and accurate diagnosis & treatment. In addition, surge in investment in hybrid OR equipment, growth in regulatory approvals for different hybrid operating equipment, increase in patient preference for effective & affordable surgical treatment are expected to boost the market growth during the forecast period. However, low income and lack of proper medical attention in developing countries hamper the growth of the hybrid operating room market.
Depending on product, the market is divided into magnetic resonance imaging (MRI), computed tomography (CT), angiography systems, and others. The intraoperative diagnostic system segment dominated the hybrid operating room market in 2018, due to technological advancements in intraoperative diagnostic systems, surge in prevalence of chronic diseases along with changes in lifestyle, and rise in demand for innovative & hybrid operating room equipment.
By application, the cardiovascular surgery segment was the highest revenue contributor in the hybrid operating room market in 2018, and is expected to maintain its dominance during the forecast period. This is attributed to rise in incidence & prevalence of cardiovascular surgery diseases, and an the increase in the adoption of endovascular procedures during cardiovascular surgeries. In addition, surge in demand for minimally invasive surgeries and an increase in number of patients suffering from obesity are expected to offer remunerative opportunities for market expansion in the near future.
Key Finding of the Hybrid Operating Room Market:
On the basis of product, the intraoperative diagnostic system segment held 51.32% share in the global market in 2018.
By application, the cardiovascular surgery segment garnered the largest market share in 2018, and is expected to remain dominant throughout the forecast period.
Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 14.2% during the forecast period.
In 2018, North America accounted for the major share in the hybrid operating room market size, and is expected to continue this hybrid operating room market trend during the forecast period, owing to availability of well-developed infrastructure, presence of majority of key players in the region, rise in number of surgical procedures, and availability of trained medical professionals. However, Asia-Pacific is anticipated to register the fastest growth during the forecast period, owing to rise in disposable income, improvement in healthcare infrastructure, increase in number of hospitals equipped with advanced medical facilities, and development of the R&D sector.
Companies Mentioned
- Alvo Medical
- GE Healthcare
- Getinge AB (MAQUET Holding B.V. & Co. KG)
- Hill-Rom Holdings Inc. (Trumpf Medical System Inc.)
- IMRIS Inc.
- Koninklijke Philips N.V.
- Mizuho Corporation
- Siemens AG
- Stryker Corporation
- Toshiba Corporation (Canon Medical Systems Corporation)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | January 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 744 million |
| Forecasted Market Value ( USD | $ 1804 million |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
