Hybrid Operating Rooms Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Hybrid operating rooms are equipped with advanced medical imaging and networking solutions with fully functioning operating suites supporting high quality interventional imaging, open surgeries and minimally invasive surgeries. The market is expected to grow at a CAGR of 13% during the forecast period of 2021 to 2029. The hybrid ORs market is anticipated to experience significant growth over the forecast period mostly owning to increase in healthcare spending, rise in the number of surgical procedures and increasing popularity of hybrid ORs. The healthcare industry is transforming from conventional operating methods to intra-operative approach for surgeries. An estimated 234 million major surgeries are performed every year globally which include cardiac catheterizations, endoscopy, and neurosurgery and so on. The increasing demand for minimally invasive surgeries is driving the growth of hybrid operating rooms.

For the purpose of the study, hybrid ORs market is categorized on the basis of products and applications. Market size and forecast for each of these segments for the period from 2019 to 2029 are provided in this study along with respective CAGRs for the forecast period from 2021 to 2029. On the basis of product type, the global hybrid ORs market is categorized as operating tables (mobile operating tables & stationary operating tables), ORs lights (LED lightings & halogens), surgical booms, surgical imaging displays, intraoperative diagnostic devices (3D ultrasound, MRI, computed tomography, computer assisted robotic surgery, C-arm X-Ray & infrared imaging systems) and operating room communication systems (audio visual & operating rooms integration system). On the basis of application type market classified as therapeutics (cardiovascular, neurosurgery, thoracic surgery, biopsy, orthopedic surgeries, laparoscopic surgeries and emergency care) and diagnostics (fluoroscopy, digital subtraction angiography & three-dimensional (3D) C-Arm computed tomography).

Advancements in Minimally Invasive Surgeries for Critical Diseases Driving Revenues

Hybrid operating room market is majorly driven by increasing prevalence and incidence rate of cardiology diseases and rising hybrid operating approach to minimally invasive surgeries. For instance, as per WHO, by 2030, 23.3 million people will be fatally affected by CVD, CHD and other heart diseases. Moreover, in the U.S., more than 34% of the American youth have suffered from high blood pressure. In Europe, Cardiovascular disease causes nearly over 4 million deaths each year, which accounts for 45% of all the deaths over the European population. The healthcare industry is gradually transforming from conventional operating methods to intraoperative approach for surgeries. Hospitals in different countries are adopting hybrid operating room to perform CVD surgeries.

Intraoperative Diagnostics Devices Hold the Largest Revenues

It is studied that intraoperative diagnostic devices contributed more than 40% of the global market revenue (in 2020) due to higher capital cost of such systems, and their incumbent status in every minimally invasive surgical procedure. The intraoperative diagnostic devices are used in the hybrid operating room for performing detailed and highly accurate surgeries and imaging of brain, bones, and other body parts. Through these devices, both the imaging and diagnostic systems with surgical facilities are achieved that ensures better care and minimum wastage of time. The Intraoperative diagnostic devices market is primarily driven by the increasing number of surgical procedures related to various diseases across the globe. Due to technological advancement and rising prevalence of tumors, cardiovascular diseases, and other neurological disorders, there is a significant demand for MRI and 3D ultrasound systems in the market. The OR communication systems segment is anticipated to show the highest market growth over the forecast period primarily due to growing demand for surgical machineries with wireless connectivity.

Increasing Healthcare Expenditure Sets NA as The Largest Market

North America leads global hybrid operating room market by capturing largest market share in 2020. North America hybrid operating room market is anticipated to grow at a CAGR of 13% during forecast. The North America hybrid operating room market is mainly driven by increasing healthcare expenditure, presence of key players coupled with increasing prevalence of diseases. Furthermore, according to Centers for Medicare & Medicaid Services (US) the healthcare expenditure is projected to increase to 20% of the GDP by 2025. Such high healthcare expenditure coupled with demand for quality healthcare affirms the adoption of hybrid operating rooms as these are higher in cost as compared to conventional operating rooms, thereby positively supplementing the North America hybrid operating room market. Moreover, the presence of key players providing their products in the region also drives the North America hybrid operating room market. Some of the key players include GE Healthcare (U.S.), NDS Surgical Imaging, LLC (U.S.), Johnson & Johnson (U.S.) etc. On the other hand, Asia Pacific market is expected to grow at the highest rate during the forecast period mainly due to rapid evolution of healthcare infrastructure, growing healthcare investments, proliferation of medical tourism in some ASEAN countries such as India, Malaysia, Thailand, South Korea etc. and rise in the adoption of technological advanced surgical techniques.

Key Market Players

The global hybrid ORs market is highly competitive and involves a large number of players. However, major competition lies between players operating in their individual segments. At present the market is dominated by few key manufacturers such as GE Healthcare, Inc., Karl Storz Gmbh & Co. KG, Maquet Getinge Group, Mizuho OSI, Inc., NDS Surgical Imaging, LLC, Koninklijke Philips N.V., Siemens Healthineers, Inc., Skytron, STERIS plc., Stryker Corp., Toshiba Corporation and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the hybrid operation systems market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the mainframe market and what are their key product categories and strategies?
• What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

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