Hybrid Operating Room Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

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

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

Frequently Asked Questions about the Hybrid Operating Room Market

What is the estimated value of the Hybrid Operating Room Market?

The Hybrid Operating Room Market was estimated to be valued at $744 million in 2018.

What is the growth rate of the Hybrid Operating Room Market?

The growth rate of the Hybrid Operating Room Market is 11.7%, with an estimated value of $1804 million by 2026.

What is the forecasted size of the Hybrid Operating Room Market?

The Hybrid Operating Room Market is estimated to be worth $1804 million by 2026.

Who are the key companies in the Hybrid Operating Room Market?

Key companies in the Hybrid Operating Room Market include 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 and Stryker Corporation.

Report Attribute	Details
No. of Pages	245
Published	January 2020
Forecast Period	2018 - 2026
Estimated Market Value ( USD ) in 2018	$ 744 million
Forecasted Market Value ( USD ) by 2026	$ 1804 million
Compound Annual Growth Rate	11.7%
Regions Covered	Global
No. of Companies Mentioned	10

Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary

2.1. Key Findings of The Study
2.2. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter's Five Force Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rise In Number of Surgical Procedures
3.4.1.2. Surge In Patient Preference For Minimally Invasive Surgeries
3.4.1.3. Increase In Regulatory Approvals
3.4.2. restraints
3.4.2.1. High Costs Associated With Hybrid Operating Room
3.4.3. Opportunities
3.4.3.1. Untapped Opportunities In Developing Economies

Chapter 4: Hybrid Operating Room Market, By Product

4.1. Overview
4.1.1. Market Size And Forecast
4.2. Intraoperative Diagnostic System
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.2.4. Market Size And Forecast, By Type
4.2.5. Magnetic Resonance Imaging (Mri)
4.2.5.1. Market Size And Forecast
4.2.6. Computed Tomography (Ct)
4.2.6.1. Market Size And Forecast
4.2.7. Angiography Systems
4.2.7.1. Market Size And Forecast
4.2.8. Others
4.2.8.1. Market Size And Forecast
4.3. Operating Room Fixtures
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast
4.3.3. Market Analysis, By Country
4.3.4. Market Size And Forecast, By Type
4.3.5. Operating Tables
4.3.5.1. Market Size And Forecast
4.3.6. Operating Room Lights
4.3.6.1. Market Size And Forecast
4.3.7. Surgical Booms
4.3.7.1. Market Size And Forecast
4.4. Communication Systems
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast
4.4.3. Market Analysis, By Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast
4.5.3. Market Analysis, By Country

Chapter 5: Hybrid Operating Room Market, By Application

5.1. Overview
5.1.1. Market Size And Forecast
5.2. Cardiovascular Surgery
5.2.1. Market Size And Forecast, By Region
5.2.2. Market Analysis, By Country
5.3. Neurosurgery
5.3.1. Market Size And Forecast
5.3.2. Market Analysis, By Country
5.4. Thoracic Surgery
5.4.1. Market Size And Forecast
5.4.2. Market Analysis, By Country
5.5. Orthopedic Surgeries
5.5.1. Market Size And Forecast
5.5.2. Market Analysis, By Country
5.6. Other Surgery
5.6.1. Market Size And Forecast
5.6.2. Market Analysis, By Country

Chapter 6: Hybrid Operating Room Market, By Region

6.1. Overview
6.1.1. Market Size And Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Country
6.2.2.1. U.S.
6.2.2.1.1. U.S. Hybrid Operating Room Market, By Product
6.2.2.1.2. U.S. Hybrid Operating Room Market, By Application
6.2.2.2. Canada
6.2.2.2.1. Canada Hybrid Operating Room Market, By Product
6.2.2.2.2. Canada Hybrid Operating Room Market, By Application
6.2.2.3. Mexico
6.2.2.3.1. Mexico Hybrid Operating Room Market, By Product
6.2.2.3.2. Mexico Hybrid Operating Room Market, By Application
6.2.3. North America Market Size And Forecast, By Product
6.2.4. North America Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Country
6.3.2.1. Germany
6.3.2.1.1. Germany Hybrid Operating Room Market, By Product
6.3.2.1.2. Germany Hybrid Operating Room Market, By Application
6.3.2.2. France
6.3.2.2.1. France Hybrid Operating Room Market, By Product
6.3.2.2.2. France Hybrid Operating Room Market, By Application
6.3.2.3. UK
6.3.2.3.1. UK Hybrid Operating Room Market, By Product
6.3.2.3.2. UK Hybrid Operating Room Market, By Application
6.3.2.4. Italy
6.3.2.4.1. Italy Hybrid Operating Room Market, By Product
6.3.2.4.2. Italy Hybrid Operating Room Market, By Application
6.3.2.5. Spain
6.3.2.5.1. Spain Hybrid Operating Room Market, By Product
6.3.2.5.2. Spain Hybrid Operating Room Market, By Application
6.3.2.6. Rest of Europe
6.3.2.6.1. Rest of Europe Hybrid Operating Room Market, By Product
6.3.2.6.2. Rest of Europe Hybrid Operating Room Market, By Application
6.3.3. Europe Market Size And Forecast, By Product
6.3.4. Europe Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Country
6.4.2.1. Japan
6.4.2.1.1. Japan Hybrid Operating Room Market, By Product
6.4.2.1.2. Japan Hybrid Operating Room Market, By Application
6.4.2.2. China
6.4.2.2.1. China Hybrid Operating Room Market, By Product
6.4.2.2.2. China Hybrid Operating Room Market, By Application
6.4.2.3. Australia
6.4.2.3.1. Australia Hybrid Operating Room Market, By Product
6.4.2.3.2. Australia Hybrid Operating Room Market, By Application
6.4.2.4. India
6.4.2.4.1. India Hybrid Operating Room Market, By Product
6.4.2.4.2. India Hybrid Operating Room Market, By Application
6.4.2.5. South Korea
6.4.2.5.1. South Korea Hybrid Operating Room Market, By Product
6.4.2.5.2. South Korea Hybrid Operating Room Market, By Application
6.4.2.6. Rest of Asia-Pacific
6.4.2.6.1. Rest of Asia-Pacific Hybrid Operating Room Market, By Product
6.4.2.6.2. Rest of Asia-Pacific Hybrid Operating Room Market, By Application
6.4.3. Asia-Pacific Market Size And Forecast, By Product
6.4.4. Asia-Pacific Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Country
6.5.2.1. Brazil
6.5.2.1.1. Brazil Hybrid Operating Room Market, By Product
6.5.2.1.2. Brazil Hybrid Operating Room Market, By Application
6.5.2.2. Saudi Arabia
6.5.2.2.1. Saudi Arabia Hybrid Operating Room Market, By Product
6.5.2.2.2. Saudi Arabia Hybrid Operating Room Market, By Application
6.5.2.3. South Africa
6.5.2.3.1. South Africa Hybrid Operating Room Market, By Product
6.5.2.3.2. South Africa Hybrid Operating Room Market, By Application
6.5.2.4. Rest of LAMEA
6.5.2.4.1. Rest of LAMEA Hybrid Operating Room Market, By Product
6.5.2.4.2. Rest of LAMEA Hybrid Operating Room Market, By Application
6.5.3. LAMEA Market Size And Forecast, By Product
6.5.4. LAMEA Market Size And Forecast, By Application

Chapter 7: Company Profiles

7.1. Alvo Medical
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.2. Ge Healthcare
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. Business Performance
7.3. Getinge Ab (Maquet Holding B.V. & Co. Kg)
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.3.6. Key Strategic Moves And Developments
7.4. Hill-Rom Holdings, Inc. (Trumpf Medical System, Inc.)
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Key Strategic Moves And Developments
7.5. Imris Inc.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Product Portfolio
7.6. Koninklijke Philips N.V.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Product Portfolio
7.6.5. Business Performance
7.7. Mizuho Corporation
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Product Portfolio
7.8. Siemens Ag
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Product Portfolio
7.8.5. Business Performance
7.9. Stryker Corporation
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.10. Toshiba Corporation (Canon Medical Systems Corporation)
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Product Portfolio
7.10.5. Business Performance

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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