Global Operating Room Management Market 2022-2028

Global Operating Room Management Market 2022-2028

The global operating room management market is projected to grow at a considerable CAGR of around 10% during the forecast period (2022-2028). The increasing number of surgeries and the growing inclination of patients toward non-invasive surgical procedures are the major driving factors to drive the growth of the global operating room management market. According to the Journal of the American Medical Association, nearly $140 billion is lost every year in the US healthcare system due to the improper management of internal operations. With the advent of digitization within operating environments and the cost pressure of surgeries on the healthcare stakeholders, they are taking advantage of operating room management software solutions.

This solution is being used to perform several functions that include scheduling and planning of operating rooms, inventory management and traceability, data management, image capture and analysis, and communication solutions for the effective and efficient management of operating rooms. However, the lack of skilled operating room professionals is anticipated to hinder the market growth. Ongoing technological advancement in operating rooms and emerging medical tourism in developing countries is anticipated to create huge opportunities for the growth of the global operating room management market.

Segmental Outlook

The operating room management market is segmented on the basis of solution, component, and end-user. Based on the solution, the market is segmented into data management and communication solution, anesthesia information management system, operating room supply management solution, operating room scheduling solution, performance management solution, and others. Based on the components, the market is segmented into software and service. The software segment held a major market share in 2021. The rise in software installation along with the high cost of this software is the key factor contributing to the high market share of the segment. Based on end-user the market is segmented into hospitals, Ambulatory Surgical Centres (ASCs). Hospitals are anticipated to make a major contribution to the growth of the global operating room management market.

Operating room supply management solution will be considerable segment by solution

Supply chain management is a key factor to reduce the cost involved in the functioning of healthcare infrastructure. The proper inventory of the surgical instrument is a critical issue in the operating rooms. This is due to the fact that the lack of surgical instruments leads to unnecessary delays in surgery and the excessive inventory of surgical instruments leads to the high and costly wastage of available resources. In case of improper management of operating rooms, it becomes difficult to track the utilization of supply per case that in turn makes an impact on reimbursement. As a result, reimbursement of surgeries was being declined due to the unavailability of records for surgical procedures and inventories utilized. The proper utilization of this software enables the effective management of expensive materials involved in operating rooms, tracking surgical materials such as tissues, and so on. Based on the solution, the data management solution is anticipated to showcase considerable growth during the forecast period.

Regional Outlook

The global operating room management market is further segmented on the basis of geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to hold a major market share in the global operating room management market during the forecast period. The presence of key market players of the operating room management market including Cerner Corp., Becton Dickinson and Co., General Electric Co., and Vocera Communications Inc. in the region has been a major contributor to the high market share of the region. The proper medical reimbursement policy, high disposable income, and advancements in healthcare facilities in the region further promote the growth of the regional market. The rising number of surgical procedures in the US has made a considerable market share in the region of North America.

Asia-Pacific will augment with the significant growth rate in the market

The emerging countries of Asia-Pacific including China, India, and South Korea are projected to witness a significant growth rate over the forecast period. The increasingly sedentary lifestyle, rising healthcare expenditure, the rising medical tourism and improving healthcare infrastructure of the Asia-Pacific region are the other factor that is driving the growth of the operating room management market in the region. However, the high cost of operating room software may restrict the growth of the market in the region.

Market Players Outlook

Becton Dickinson and Co., Siemens AG, Cerner Corp., Getinge AB, Nexus AG, Optum Inc., Allscript Healthcare Solution Inc., DXC Technology, EIZO Corp., General Electric Co., Getinge AB, Medtronic PLC, Mizuho OSI are the key players operating in the global operating room management market. These key market players are actively adopting strategic growth activities including mergers and acquisitions, partnerships and collaboration among others to enhance their market presence. In addition, the companies are making huge investments amount on the development of new products and platforms to enhance the features of their product offerings to remain competitive in the marketplace.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global operating room management market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.