According to a new market research report Operating Room Integration Market is projected to grow at a CAGR of 12.4% during the forecast period, to reach USD 1.7 billion by 2024 from USD 1.0 billion in 2019.
The growth in this market is driven by the increasing adoption of minimally invasive surgical procedures, redevelopment projects & funding for improving OR infrastructure, and rising need to curtail healthcare costs. Also, emerging economies (such as China, India, Brazil, and Mexico) are expected to offer lucrative growth opportunities for market players during the forecast period.
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The RoW region is expected to witness the highest growth in the operating room integration market during the forecast period. The major factors driving the growth of this market include the procedural benefits of integrated ORs, growing prevalence of chronic diseases, and rising adoption of advanced surgical treatment methodologies in the region. Other factors augmenting market growth in this region are the ongoing expansion of the healthcare infrastructure as well as growing market availability of advanced surgical technologies in Brazil and other Latin American countries, ongoing initiatives of governments to enhance their respective healthcare systems and growing public-private investments for purchasing medical equipment.
Stryker Corporation (US), STERIS (US), KARL STORZ (Germany), and Olympus (Japan) are the key players operating in this market. Other prominent players in the market include Getinge (Sweden), Alvo Medical (Poland), Skytron (US), Merivaara (Finland), Brainlab (Germany), TRILUX Medical (Germany), caresyntax (US), Sony (Japan), Barco (Belgium), Arthrex (US), and Richard Wolf (Germany).
Stryker dominated the global operating room integration market in 2018. The company offers OR integration solutions through its Endoscopy division. Stryker holds a noteworthy position in the OR integration market, owing to its strong product portfolio. The company offers a full range of operating room products under the brand name—iSuite. In 2018, Stryker’s Endoscopy division recorded sales growth of 11.7%.
KARL STORZ held the second position in the operating room integration market. The company offers a wide range of endoscopic equipment for human, veterinary medicine, and industrial endoscopy. The company undertakes sales of operating room integration products through its Human Medicine business division. The company’s products are marketed through a network of 50 subsidiaries in over 40 countries across Europe, the Americas, Africa, and the Asia Pacific. With over 65 years of experience in this market, the company focuses on strengthening its sales activities and distribution network by working with an efficient network of dealers. The company also provides local-level services to its customers through its subsidiaries.
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Olympus is a prominent and well-established player in the operating room integration market. The Medical Business of the company showed an increase in year-over-year net sales of 2.9% in 2018 over 2017. The company invests a significant amount of its revenue in research and development, which helps it launch technologically advanced products in the market. From 2017 to 2018, Olympus increased its Medical Business R&D expenditure by 10.7%.
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Operating Room Integration Market Leading Players and Business Strategies
Rise in number of surgical procedures, increase in patient preference for minimally invasive surgeries, and patient safety concern on operating room drive the growth of the global operating room integration market.
On the other hand, high costs and maintenance of ORI systems impede the growth to some extent.
Nevertheless, untapped potentials of emerging markets are expected to create a number of opportunities for the key players in the industry.The global operating room integration market was estimated at $1.72 billion in 2017 and is expected to hit at $4.16 billion by 2025, registering a CAGR of 11.2% from 2018 to 2025.
The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.The audio & video management systems segment to lead the trail by 2025-Based on device type, the audio & video management systems segment accounted for more than one-third of the total market revenue in 2017 and is expected to dominate during the forecast period.
The display systems segment, on the other hand, would cite the fastest CAGR of 12.0% by the end of 2025.Read Full News: https://www.alliedmarketresearch.com/operating-room-integration-market The surgery segment to retain its dominance in terms of revenue-Based on application, the surgery segment contributed to more than half of the total market share in 2017 and is anticipated to rule the roost during 2018–2025.
Simultaneously, the neuro segment would grow at the fastest CAGR of 14.1% throughout the estimated period.North America garnered the highest share in 2017-Based on geography, North America held the major share in 2017, garnering more than two-fifths of the total market.
According to a new market research report Operating Room Integration Market is projected to grow at a CAGR of 12.4% during the forecast period, to reach USD 1.7 billion by 2024 from USD 1.0 billion in 2019.
Factors such as the increasing adoption of minimally invasive surgical procedures, redevelopment projects & funding for improving OR infrastructure, and rising need to curtail healthcare costs are driving the growth of the operating room integration market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160774667 The software segment accounted for the largest share of the operating room integration market, by component, in 2018 The software segment accounted for the largest share of the operating room integration market in 2018.
OR integration software helps streamline surgical workflows by enabling seamless communication between different systems as well as ensuring the effective and easier operation of these systems, preferably from a single source.
Moreover, operating room integration software helps reduce surgical times, improves coordination between healthcare providers, and improves patient safety.
Factors such as the increasing incidence of breast cancer, colorectal cancer, liver cancer, GI disorders, and endocrine disorders as well as the rising number of general surgical procedures performed worldwide are driving the growth of this segment.
Rise in number of surgical procedures, increase in patient preference for minimally invasive surgeries, and patient safety concern on operating room drive the growth of the global operating room integration market.
On the other hand, high costs and maintenance of ORI systems impede the growth to some extent.
Nevertheless, untapped potentials of emerging markets are expected to create a number of opportunities for the key players in the industry.The global operating room integration market was estimated at $1.72 billion in 2017 and is expected to hit at $4.16 billion by 2025, registering a CAGR of 11.2% from 2018 to 2025.
The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.The audio & video management systems segment to lead the trail by 2025-Based on device type, the audio & video management systems segment accounted for more than one-third of the total market revenue in 2017 and is expected to dominate during the forecast period.
The display systems segment, on the other hand, would cite the fastest CAGR of 12.0% by the end of 2025.Read Full News: https://www.alliedmarketresearch.com/operating-room-integration-market The surgery segment to retain its dominance in terms of revenue-Based on application, the surgery segment contributed to more than half of the total market share in 2017 and is anticipated to rule the roost during 2018–2025.
Simultaneously, the neuro segment would grow at the fastest CAGR of 14.1% throughout the estimated period.North America garnered the highest share in 2017-Based on geography, North America held the major share in 2017, garnering more than two-fifths of the total market.
According to a new market research report Operating Room Integration Market is projected to grow at a CAGR of 12.4% during the forecast period, to reach USD 1.7 billion by 2024 from USD 1.0 billion in 2019.
Factors such as the increasing adoption of minimally invasive surgical procedures, redevelopment projects & funding for improving OR infrastructure, and rising need to curtail healthcare costs are driving the growth of the operating room integration market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160774667 The software segment accounted for the largest share of the operating room integration market, by component, in 2018 The software segment accounted for the largest share of the operating room integration market in 2018.
OR integration software helps streamline surgical workflows by enabling seamless communication between different systems as well as ensuring the effective and easier operation of these systems, preferably from a single source.
Moreover, operating room integration software helps reduce surgical times, improves coordination between healthcare providers, and improves patient safety.
Factors such as the increasing incidence of breast cancer, colorectal cancer, liver cancer, GI disorders, and endocrine disorders as well as the rising number of general surgical procedures performed worldwide are driving the growth of this segment.