DUBLIN--(BUSINESS WIRE)--The "Operating Room Management Market by Solution (OR Supply, Data Management, Communication, Anesthesia Information Management, Performance Management), Delivery Mode (On-premise, Cloud-based), End User, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global operating room management market is expected to reach USD 4.37 billion by 2025 from USD 2.44 billion in 2020, at a CAGR of 12.4%.
Growth in this market can be attributed to factors such as the emphasis on cost control and efficiency improvement in hospitals, growing adoption of EHRs and other HCIT solutions, favorable government support, redevelopment projects, and the availability of funding to promote OR infrastructure. However, a dearth of skilled surgeons in integrated operating rooms and the high prices and maintenance costs of ORM software are expected to hinder the market growth.
The software component segment is expected to grow at the highest rate during the forecast period.
Based on the component, the operating room management market is segmented into software and services. The software segment is expected to account for the largest share of the market in 2020. This segment is also expected to grow at the highest CAGR during the forecast period. The large share and high growth can be attributed to the growing installation of ORM software.
The operating room supply management solutions are expected to grow at the highest rate during the forecast period.
Based on solutions, the market is broadly segmented into data management & communication solutions, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and other solutions (including temperature management solutions and humidity management solutions). The operating room supply management solutions segment is expected to register the highest CAGR. The high growth of this segment can primarily be attributed to the increasing demand for operating room supply management solutions to manage rising operating room expenditure efficiently
The cloud-based solutions to grow at the highest CAGR during the forecast period.
By delivery mode, the market is segmented into on-premise solutions, web-based solutions, and cloud-based solutions. The cloud-based solutions segment is expected to register the highest CAGR in this market during the forecast period. The high growth of this segment can primarily be attributed to advantages such as scalable data storage, scalable computing power, machine-learning capabilities, and faster data transfer between organizations of cloud platforms.
The Ambulatory Surgery Centers to grow at the highest CAGR during the forecast period.
Based on end-users, the market is divided into hospitals and ambulatory surgery centers. Hospitals are expected to account for the largest share of the global operating room management market in 2020, while ASCs are expected to account for the highest growth rate. The high growth of this segment is due to the increasing number of surgical procedures conducted in ASCs, rising interest in ambulatory care due to the potential for cost-reduction, and the demand for efficient care among patients.
Asia-Pacific to witness significant growth from 2020 to 2025.
Geographically, the operating room management market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The market in the APAC is expected to grow at the highest CAGR over the next five years. The need to reduce healthcare costs, growing patient volume, and the rising need for accurate disease diagnosis and treatment drive market growth in the region.
Market Dynamics
Drivers
- Increasing Emphasis on Cost Control and Efficiency Improvement in Hospitals
- Growing Adoption of Ehrs and Other Hcit Solutions
- Favorable Government Support and Initiatives for Healthcare
- Redevelopment Projects and Availability of Funding to Promote or Infrastructure
Restraints
- High Pricing and Maintenance Costs of Orm Software
- Interoperability Issues
Opportunities
- Emerging Markets and Growing Medical Tourism
- Technological Advancements in Hospitals
Challenges
- Dearth of Skilled Surgeons in Integrated Operating Rooms
- Consolidation of Healthcare Providers
Companies Mentioned
- Alert Life Sciences Computing
- Allscripts Healthcare Solutions, Inc.
- Anestech Innovation Rising
- Becton, Dickinson and Company
- Brainlab AG
- Censis Technologies Inc.
- DXC Technology
- Epic Systems Corporation
- GE Healthcare
- Getinge Ab
- Gtplan Supply Chain 4.0
- Karl Storz Se & Co. Kg
- Mckesson Corporation
- Medical Information Technology, Inc.
- Nexus AG
- Omnicell, Inc.
- Picis Clinical Solutions Inc
- Richard Wolf GmbH
- Steris Corporation
- Surgical Information Systems LLC
- United Health Group
For more information about this report visit https://www.researchandmarkets.com/r/akc5zi
