The global operating room integration market is expected to generate $3,464.7 million revenue by 2030, advancing at a considerable rate during 2021–2030. The major factors influencing the market growth include an increase in the number of minimally-invasive surgical procedures and technological advancements in operating room (OR) infrastructure. However, during the COVID-19 pandemic, the market was impacted negatively due to the delay in elective surgeries.
The market has been creating business opportunities for healthcare technology companies, which have been introducing new technologies as well as new OR integration software and suite. For instance, Intuitive Surgical launched its flagship system, called da Vinci, which assists surgeons while performing surgical procedures using precision robotic arms for minimally-invasive surgeries. Moreover, investors have been investing in startup companies entering the market.
Documentation management systems accounted around 40% market share in 2021, on the basis of device type. This is ascribed to various advantages of using documentation management systems in ORs, such as organized and readily available medical records of patients, along with the minimized cost of document management.
The use of operating room integration solutions in orthopedic surgeries is gaining momentum. Thus, the market in this category is expected to rise at a CAGR of more than 11% during the forecast period, owing to the increase in the number of hip and knee replacement surgeries. Moreover, operating room integration systems help staff to minimize the congestion and streamline the patient information along with display images during surgeries, having access to centralized control panels.
The usage of operating room integration solutions in ambulatory surgeries is expected to increase at a growth rate of more than 11% during the forecast period. This can be due to the shortage of beds in hospitals and fewer economic resources. Moreover, technologically advanced devices are being preferred in ORs of ambulatory surgical centers. For instance, artificial intelligence is revolutionizing ambulatory surgeries by performing administrative duties, improving surgical efficiency, and diagnosing patients.
North America generated more than 40% revenue share in 2021 in the operating room integration market. This is ascribed to the presence of major companies in the region, increase in preference for minimally-invasive surgeries, high adoption of technologically advanced devices and solutions, rise in the number of patients with chronic diseases, and efforts to decrease the overall healthcare expenditure.
In recent years, major players in the market have been actively partnering with technology companies and launching new products to remain competitive. For instance:
Major players operating in the operating room integration market include Brainlab AG, Arthrex Inc., Richard Wolf GmbH, FUJIFILM Holdings Corporation, Stryker Corporation, Olympus Corporation, STERIS plc, KARL STORZ SE & Co. KG, Drägerwerk AG & Co. KGaA, and BARCO.