"Operating Room Integration Market by Component (Hardware, Software, Service), Application (General, Orthopedic, & Cardiovascular Surgery), Device (Audio & Video Management, Display, Document Management), End User (Hospital, ASC) - Global Forecast to 2027", published by MarketsandMarkets™, the global Operating Room Integration Market is projected to reach USD USD 3.3 billion by 2027 from an estimated USD 1.9 billion in 2022, at a CAGR of 12.1% during the forecast period.
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133 – Tables
33 – Figures
197 – Pages
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The Growth in this OR Integration Market is driven by the growing demand for technologically advanced solutions, the growing number of surgical procedures, rising funding initiatives for improving HCIT infrastructure, and increasing emphasis on cost control and efficiency improvement in hospitals. However, the high setup and operational costs, interoperability issues, and shortage of skilled surgeons in OR integration are expected to restrain market growth to a certain extent.
By component, the software segment accounted for the largest share of the operating room integration market in 2021.
The software segment is estimated to have the largest share by value of the operating room integration market. OR integration software helps streamline surgical workflows by enabling seamless communication between different systems and 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.
The orthopedic surgery segment is expected to witness the highest growth rate in the operating room integration market, by application.
Based on application, the orthopedic surgery segment is expected to register the highest CAGR during the forecast period. Factors responsible for the growth of this segment are recent technological advancements in robot-assisted orthopedic surgeries, rising preference for minimally invasive surgeries due to benefits in orthopedic applications (such as decreased procedural trauma, faster patient recovery, and decreased hospital stay).
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North America dominated the operating room integration market in 2021.
North America accounted for the largest share of the OR Integration market in 2021, followed by Europe and Asia Pacific. The large share of North America in the global market can be attributed to the rising need to curtail healthcare costs, increasing patient preference for minimally invasive surgeries (owing to procedural benefits such as the lower risk of surgical-site infections, decreased patient injuries, and shorter hospitalization times), growing adoption rate of integrated operating rooms among healthcare providers, and the increasing number of ambulatory surgery centers.
Stryker Corporation (US), STERIS Plc (US), Karl Storz SE & Co. KG (Germany), Olympus Corporation (Japan), Getinge AB (Sweden) are the major players in this market. These companies are majorly focusing on the strategies such as agreements, collaborations, partnerships, and service launches in order to remain competitive and further increase their share in the Operating Room/OR Integration Market.
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The 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer.
They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510.
These instruments offer new and advanced technological features and supports 5G NR radio interference.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
