The Global Operating Room Market size is expected to grow from $9,359.2 million in 2021 to $14,800.8 million by 2028 at a CAGR of 4.4%. The major driver for this market is the rise in a number of surgeries performed worldwide and the increasing demand for surgical procedures such as minimally invasive surgery techniques which are cost-effective and cause less pain than traditional methods of surgery. In addition, technological advancements in the medical field have led to an increase in adoption rates of advanced technologies such as robotics-assisted surgery which has helped reduce costs associated with labor and human error while improving accuracy rates during surgeries.
An Operating Room(OR) is a clean and well-lit space in which surgeons operate on patients. Operating rooms are sometimes called "operating theatres." They should be spotlessly clean, with all equipment sterilized, and the floor set up to allow for quick transitions between procedures. The air inside an OR must also be filtered to maintain sterility.
On the basis of Types, the market is segmented into Modular, Integrated, and Intensive Care Units.
Modular operating rooms are modular constructed, self-contained units that have been designed to facilitate standard surgical procedures in a variety of healthcare settings. They can be set up and dismantled quickly with minimal disruption to hospital workflow or the environment.
The modular design of these systems offers many benefits over their traditional counterparts including cost savings by allowing the new room to be installed while another is dismantled; increased efficiency due to less preparation time before surgery begins; and decreased infection rates as patients do not come into contact with multiple surfaces post-surgery. Modular ORs also offer an improved level of patient care through increased space utilization, functional work areas that allow nurses easy access to equipment during procedures, integrated sinks that reduce water usage (though plumbing costs may increase), wider corridors for wheelchair access, and larger doorways for stretchers.
In an integrated operating room, the surgical drapes and lights are built-in to a preassembled modular unit. The entire OR space is considered one large area that can be used for different surgical procedures. Integrated operating rooms are more expensive than their modular counterparts because they require less planning on-site, which makes them easier to set up in any location with standard utilities; however, there may not always be enough floor space available to accommodate such units without reconfiguration or relocation of existing equipment and furnishings.
They also eliminate many steps in setting up surgery areas by minimizing the need for building materials other than frames, drywall panels, counters, and cabinets as well as additional construction costs associated with remodeling existing spaces versus constructing new ones.
Intensive care units (ICUs) are areas of a hospital designed to deal with complex medical cases. ICU patients often need intensive monitoring and treatment for several days or weeks; these specialized services include life-sustaining treatments like mechanical ventilation, renal dialysis, cardiac monitors, pain management, and more.
On the basis of Application, the market is segmented into Hospitals (emergency rooms), Outpatient Facilities (ambulatory surgery centers), and Ambulatory Surgical Centers.
The hospital segment accounted for over 50% share in terms of revenue as it offers state-of-the-art technologies such as robotic surgery systems that enable accurate procedures with fewer complications & improved outcomes. However, the outpatient facilities segment is expected to grow at the fastest CAGR over the forecast period, owing to a higher focus on surgical procedures in these facilities and growing demand for surgery tourism.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The US accounted for the largest market share in terms of revenue as it has a significant number of advanced hospitals with sophisticated facilities providing various surgical procedures which are likely to boost the demand over the next few years. Furthermore, the country currently faces an aging population coupled with rising healthcare expenditure that is expected to lead towards increased surgeries thereby supporting growth prospects through 2028.
On the other hand, France emerged as one of the fastest-growing countries owing to its high per capita income levels along with growing awareness about technological advancements and benefits associated with surgery tourism.
Up Market Research published a new report titled “Operating Room Market research report which is segmented by Types (Modular, Integrated, Intensive Care Unit), By Applications (Hospitals, Outpatient Facilities, Ambulatory Surgical Centers (ASCs)), By Players/Companies Admeco, ALVO Medical, BENQ Medical Technology, Biobase, Block, Bussman Medical & Research, Cadolto, Clestra, Fonar Corporation, HT Group, IMRIS, Klimaoprema, KLS Martin Group, Medical Solution, Modul technik, MS Westfalia, Operamed, Richard Wolf, SHD, Stryker Berchtold, Transumed, Yorkon”.
|Report Attributes||Report Details|
|Report Title||Operating Room Market Research Report|
|By Type||Modular, Integrated, Intensive Care Unit|
|By Application||Hospitals, Outpatient Facilities, Ambulatory Surgical Centers (ASCs)|
|By Companies||Admeco, ALVO Medical, BENQ Medical Technology, Biobase, Block, Bussman Medical & Research, Cadolto, Clestra, Fonar Corporation, HT Group, IMRIS, Klimaoprema, KLS Martin Group, Medical Solution, Modul technik, MS Westfalia, Operamed, Richard Wolf, SHD, Stryker Berchtold, Transumed, Yorkon|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||239|
|Number of Tables & Figures||168|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Modular, Integrated, Intensive Care Unit and By Application Hospitals, Outpatient Facilities, Ambulatory Surgical Centers (ASCs).
Some of the companies that are profiled in this report are:
Operating Room Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Operating Room Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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