Hybrid Operating Room Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The hybrid operating room market is poised to register a CAGR of 12.81% during the forecast period.

The COVID-19 pandemic led to a significant decrease in surgical procedures around the world and numerous advisories from respective governments regarding surgical procedures, which affected the market studied. For instance, according to a study published in the National Library of Medicine in August 2022, the quaternary care facilities successfully dealt with the COVID-19 pandemic's pressures by significantly reducing the number of surgical procedures performed during the peak of the pandemic. However, despite uneven recovery rates across subspecialties and case classes, total surgical procedure volumes did not fully return to pre-COVID-19 levels until well into 2021.

However, new launches by key market players are expected to increase the growth of the market studied in the post-pandemic period. For instance, in March 2022, LAU Medical Center-Rizk Hospital launched a new operating room with a grant worth USD 1.4 million provided by USAID under the American Schools and Hospitals Abroad initiative. Such initiatives are expected to increase market growth during the forecast period.

Hybrid ORs provide the ability to integrate diagnosis and perform image-guided operations with minimally invasive procedures in a single room. These spaces also offer a smooth transition to open procedures if the need arises. The hybrid operating room (OR) market is growing due to increasing demands for non-invasive methods of surgery, coupled with the rise in the geriatric population.

The Aesthetic Plastic Surgery Statistics 2021 revealed that non-surgical procedures climbed by 44% in 2021 compared to 2020, while surgical procedures increased by 54%. Body operations saw the biggest growth (+ 63% vs. 2020), driven by increases in abdominoplasties (+ 49%) and liposuction procedures (+ 66%). 320 surgical procedures were carried out on average by plastic surgeons in 2021 compared to 220 in 2020. Such a high volume of surgical procedures in aesthetics is anticipated to drive market growth. As per the same source, approximately 94% of the procedures were performed on women. In 2021, 365,000 breast augmentations (+44%) were carried out. In addition, 71,000 women had their implants removed but not replaced, whereas 148,000 women had their implants removed and replaced (+32% from 2020). The huge number of cosmetic surgical procedures in developed regions is expected to drive the market studied. The increase in these procedures is expected to increase the demand for hybrid operation rooms during the forecast period. Thus, the abovementioned factors are expected to increase market growth.

However, the high establishment and maintenance expenses are expected to hinder market growth.

Hybrid Operating Room Market Trends

Cardiovascular Segment is Expected to Hold a Significant Market Share During the Forecast Period

Hybrid cardiovascular interventions integrate techniques for cardiac and vascular surgeries with the aim of minimizing invasiveness. Hybrid procedures such as transcatheter aortic valve replacement (TAVR), endovascular thoracic (TEVAR) or abdominal (EVAR) aortic repair, and combined percutaneous coronary intervention (PCI) with structural heart intervention are now being implemented, thereby maximizing the benefits of the procedure in lesser time for the patients. With documented enhanced results being delivered by these procedures compared to traditional surgeries and decreasing patient procedural duration, the demand for these hybrid procedures is increasing among patients.

The most frequent type of heart surgery is coronary artery bypass graft surgery, often known as coronary artery bypass or bypass surgery, according to the Cedars-Sinai. Annually, more than 300,000 Americans undergo a successful bypass surgery. The CDC estimated that 20.1 million patients aged 20 and above would have coronary heart disease in the United States. Additionally, according to CDC statistics, a heart attack occurs every 40 seconds, and every year, nearly 805,000 Americans experience a heart attack. Thus, it is anticipated that the rising prevalence of cardiovascular diseases will increase the demand for heart surgeries and increase the need for hybrid operating rooms in healthcare facilities.

Hence, the increasing number of heart surgeries is predicted to fuel the growth of the market studied over the forecast period.

North America is Expected to Hold Significant Share in the Market Over the Forecast Period

Large investments made by hospitals, increasing demand for minimally invasive operations, and the developed healthcare sector with many well-known firms are the key factors responsible for the dominance of North America in the hybrid operating rooms market. In addition, the North American market is expanding due to high per capita income, increased patient visits to doctors, and technical developments brought on by abundant funding. According to data from the American Hospital Association (AHA), in 2022, there were 6,093 operating hospitals in the United States as opposed to 5,534 in 2016. Therefore, a sharp expansion in hospital capacity and rising hospital admissions are anticipated to boost surgical procedures and the demand for related equipment. This opens up the possibility of increasing the demand for surgical rooms in hospital settings, which is anticipated to accelerate market growth in the country.

Moreover, public and private sector healthcare expenditures have increased in Canada in recent years. This is also increasing opportunities for the surgical case carts market. For instance, the data updated by Canadian Institute for Health Information in November 2021 shows that Canada invested USD 230,005 million and USD 78,038.3 million in the public and private sectors, respectively, in 2021. Thus, the increasing healthcare expenditure is predicted to impact the development and restructuring of healthcare settings in the country.

Thus, the abovementioned factors are expected to increase the market growth.

Hybrid Operating Room Market Competitor Analysis

The hybrid operating rooms market is consolidated due to high research costs for making compatible equipment and producing large equipment. However, the market is expected to grow due to factors such as initiatives taken by key market players and increasing demand for hybrid operating rooms. Some key players in this market include Koninklijke Philips NV, General Electric Company, Trumpf Medical, Steris PLC, and Toshiba Corporation.

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