Technological advancements in surgical systems and instruments have led to breakthroughs and disruptive phases in the healthcare landscape across the world, which includes the advancements in the development of minimally invasive surgeries. The preference for minimally invasive surgeries has been increasing owing to their reduced procedural time, accelerated recovery rate, and minimum risk of infection. This has further propelled the demand for hybrid operating rooms, wherein all the advanced imaging modalities, namely C-Arms, X-Ray, computed tomography (CT) scanners, and magnetic resonance imaging (MRI) scanners, are integrated for carrying out the surgical procedures. The integration of all the imaging modalities at one location improves data management, treatment quality, rate of recovery and reduces the chances of recurrences of the diseases.
The global hybrid operating room market was valued at $826.9 million in 2019 and is expected to reach $2,520.7 million by the end of 2030, growing at a CAGR of 12.44% during the forecast period 2021-2030. The global shutdown of elective surgeries and lockdown measures for reducing the infection risks delayed the hybrid operating room installations, which further impacted the market. However, the market started to normalize in the second half of 2020, and the market is anticipated to normalize from 2021 completely.
Growth Promoting and Inhibiting Factors
The global hybrid operating room market is driven by various factors such as increasing adoption of minimally invasive procedures, growing number of surgical procedures, and increasing regulatory approvals. The rising number of minimally invasive procedures is the key market driver that would have a prolonged impact on the growth of the global hybrid operating room market during the forecast period 2021-2030. The improvement in imaging modalities and improvement in global healthcare infrastructure would propel the adoption of minimally invasive surgical procedures that would accelerate the growth of the market
However, the market’s growth is restrained by factors such as the high upfront cost of hybrid operating rooms and large space requirements. The high upfront cost would restrain the growth of the market, especially in emerging economies.
Competitive Landscape
The global hybrid operating room market is at a nascent stage, with a limited number of companies operating in the market. The key players of the market include Siemens AG, Koninklijke Philips N.V., General Electric Company, and STERIS plc, among others. The companies have developed various components of the hybrid operating room market for expansion of their product portfolios and customer base in the market. Moreover, the companies have also partnered with medical and research organizations for the development of hybrid operating rooms in various countries.
In terms of market share, the market is predominated by Siemens AG. The company held more than 30% share in the global market in 2019. Moreover, a rise in its market share is anticipated in 2021 owing to its order backlog.
Following Siemens AG, other key companies in the market include General Electric Company, Koninklijke Philips N.V., Getinge AB, and STERIS plc. All five companies together held more than 60% share in the overall market in 2019. This trend is anticipated to continue in the near future owing to the nascent stage of the market, high research and development expenditure, and prolonged regulatory landscape.
Global Hybrid Operating Room Market Segmentation
Key Questions Answered in this Report:
• What is the impact of COVID-19 on this market?
• What was the global hybrid operating room market size in 2019, and how is it expected to grow during the forecast period 2021-2030?
• What are the major market drivers, challenges, and opportunities in the global hybrid operating room market?
• What is the impact of each driver and challenge in the global hybrid operating room market?
• What was the market value of the leading segments of the global hybrid operating room market in 2019?
• How is the industry expected to evolve during the forecast period 2021-2030?
• What are the key developmental strategies which are implemented by the market players to sustain in the competitive market?
• What is the current market share of each of the companies in the global hybrid operating room market?
• Which application is expected to generate the highest revenue in the global hybrid operating room market during the forecast period?
• Which end-user segment is expected to be the highest revenue generator in this industry during the forecast period?
• What is the growth potential of the hybrid operating room market in each region, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa?
• What is the potential of the global hybrid operating room in key countries during the forecast period?
Key USPs of the Report
Following are some of the key contents of the report:
• Industry Analysis
o Ecosystem Analysis: Societies, Consortiums, and Associations in the Global Hybrid OR Market
o Regulatory Framework
o Patent Analysis
• Impact of COVID-19
This section of the report encompasses the following:
o Scenario Competitive Analysis (Pre-COVID-19 and Post-COVID-19)
o Effect on Competitive Landscape and Product Demand
o Regional Impact
o Future Perspective, Post-COVID-19 Scenarios, and Recommendations
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In addition, the report provides:
• A detailed analysis and growth forecast (2021-2030) for different market segments
• Recent developments and trends in the global market landscape
• Factors promoting and inhibiting the market growth
• Company revenue share analysis for 2019
BIS Related Studies
Moreover, this hybrid operating room (OR) is a substitute for conventional operating room outfitted with dynamic medicinal imaging frameworks and devices supporting more high-quality interventional imaging & insignificantly invasive surgeries.
The Overall Global Hybrid Operating Room Market is expected to grow at a significant compound CAGR rate of 12.29% from USD 648 million in 2017 to USD 1637 million in 2025.
This expansion in the Hybrid Operating Room is due to the rising adoption of minimally invasive surgeries and increasing patient preference for affordable & effective surgical treatments are the factors impacting market growth.
In this imaging systems are some of the factors like growing connection of hybrid operating rooms crosswise in important countries, most of the installation costs are related to diagnostic imaging products, continuing integration & automation of operating room workflows, and continuous technical developments in the field of diagnostic imaging.Application: - Among all application, therapeutic captured for largest due to the rising occurrence of cardiovascular diseases, globally and growing preference of cardiac surgeons for hybrid operating rooms settings through target surgical procedures and this procedure potentially leads to the reduction of complexity, cardiopulmonary bypass time, risk, and to improved outcomes.End-user: - Among all End User, Hospitals and Surgical Centers captured for largest due to the effective disease managing and owing to a number of diagnostic, and surgical procedures carried out at hospitals and also growing a number of patient emphasis on timely.
These hospitals and surgical centers are focusing on an effort to build up these poor outcomes and accommodate surgeon, and interventionist needs, many hospitals have realized typically an OR with a fixed C-arm angiographic system.Region: - Hybrid Operating Room Market covers North America, Europe, Asia Pacific and the Rest of the world.
In this region, it had started various initiatives to instruct people and surgeons about the hybrid room and countries like China and India, are likely to support the adoption of advanced surgical & diagnostic technologies in their respective healthcare systems.Request for sample pages @ https://www.optimainsights.org/sample-request/61-hybrid-operating-rooms-marketKey Market Drivers: -Global Hybrid Operating Room Market TrendsRising adoption of minimally invasive surgeries: Minimally invasive surgery is rising owing to continues play of an important role in general surgery as an alternative to traditional open surgery as well as traditional laparoscopic techniques and this surgery that includes natural orifice transluminal endoscopic surgery and single-incision laparoscopic surgery (SILS), is ss invasive and has better cosmetic results.Global Hybrid Operating Room Market: RestraintsProcedural risks related to the hybrid operating room: The related risks faced by the OR is like health-threat posing harms and risks to the health of medicinal services specialists utilized in the hybrid OR are characterized as ergonomic, biochemical, psychological, biological and physical.
