Global Hybrid Operating Room Market – Analysis and Forecast (2021-2027)

Industry Insight by Component (Intraoperative Diagnostic Systems (Angiography System, MRI System, CT Scanner, and Others), Operating Room Fixtures(Operating Table, Operating Room Light, Radiation Shield, and Others), Surgical Instruments, Audio Display System and Tools, and Others), by Application (Neurosurgical, Cardiovascular, Thoracic, Orthopedic, and Others), by End-User (Hospitals and Surgical Centers and Ambulatory Surgical Centers), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global hybrid operating room size is anticipated to rise significantly and will reach USD1.98 billion by 2027, growing at a CAGR of 10.9% during the forecast period 2021-2027. A hybrid operating room is a surgical space that is equipped with medical imaging devices such as fixed C-Arms, CT scanners, or MRI scanners. Hybrid Operating Room (OR) Market is on the rise due to the increasing number of surgeries, rising demand for non-invasive methods of surgery, technological development in hybrid operating room (OR) equipment such as robot-assisted surgeries, and rise in the geriatric population. Moreover, hybrid operating rooms (OR) allow patients to get treatment within the same facility for procedures with complexities. The advantage of hybrid ORs are ease of conducting minimal invasive surgeries, saves patients time from multiple surgeries, lower administrative cost and reduces recovery time. It is used in neurosurgeries, cardiovascular surgeries, orthopedic surgeries, and thoracic surgeries. Nevertheless, it is suitable for other treatments such as laparoscopic surgery, biopsy, and trauma surge.

The COVID-19 outburst has made enormous changes in managing patient care and medical procedures in the healthcare field. The covid pandemic has given rise to unusual situations for frontline workers and healthcare workers across the world and is opening new challenges in the operating room (OR) management market. The healthcare workers are working at a  fast pace to contain the pandemic and to provide emergency procedures to the patients having coronavirus. Because of the deadly nature of SARS-CoV-2, there is a need to have safety protocols in the OR management market. The increasing demand for new technologies such as robotic platforms, comprehensive control systems will help healthcare staff and surgeons to fight against the infection will provide avenues in the operating room (OR) market.

Market Segmentation

Insight by Component

Based on component, the hybrid operating room market is categorized into intraoperative diagnostic systems (angiography systems, MRI systems, CT scanners, and others), operating room fixtures (operating tables, operating room lights, surgical booms, and radiation shields), surgical instruments, audio display systems and tools, and others. The intraoperative diagnostic system segment held the largest share and is expected to have a major share of the market in the future as well. This is attributed to factors such as substantial installation cost associated with diagnostic imaging products, magnetic resonance imaging, and 3D ultrasound, usage in minimally invasive surgeries, guidance to surgeons and anesthesiologists, and installation of hybrid ORs in countries.

Insight by Application

Based on application, the global hybrid operating room market is segmented into cardiovascular, neurosurgical, thoracic, orthopedic, and others. Cardiovascular surgery has the largest market share in the global hybrid operating room market due to the increase in preference of hybrid operating room by heart surgeons during target surgical procedures, increasing incidences of cardiovascular diseases, rise in adoption of endovascular procedures during cardiovascular surgeries, the surge in demand for minimally invasive surgeries, and increase in several patients suffering from obesity. The thoracic segment is anticipated to have the fastest CAGR because of the increase in the number of thoracic surgeries and awareness among medical professionals towards the cost and therapeutic efficacy offered by hybrid ORs will propel the growth of the market.

Insight by End-User

Based on end-users, the hybrid operating room market is divided into hospitals and surgical centers, and ambulatory surgical centers. The hospitals and surgical centers segment are expected to have the largest share due to the increasing number of diagnostic and surgical procedures performed in the hospitals and the increased emphasis on timely and effective disease management of the patients.

Industry Dynamics

Industry Trends

The industry is anticipated to have a high growth because of the favorable government norms and policies, increasing adoption of minimally invasive surgeries, huge investment in R&D, and development of innovative technologies which will improve healthcare systems for patients.

Growth Drivers

An increase in the number of surgical procedures, technological development in robot-assisted surgeries, rise in patient preference for minimally invasive surgeries, patient preference for affordable and effective surgical treatments, and increase in regulatory approvals are the drivers for the growth of the hybrid operating room market.

Challenges

The procedural risks associated with hybrid operating rooms, high operational cost, and complexity of deployment may affect the market of hybrid operating rooms globally. Moreover, the lack of skilled surgeons can also challenge the growth of the hybrid operating room market.

Opportunities

The increase in the adoption of robot-assisted surgeries acts as a value-generation proposition for high-quality surgical outcomes and the growth in emerging economies will offer significant growth opportunities for the hybrid operating room market in the forecast period of 2021 to 2027. In addition, massive investment for research and development in healthcare and strong economic conditions are lucrative opportunities for the growth of the hybrid OR market.

Geographic Overview

Geographically, North America holds the largest market share due to its technologically advanced operating room equipment, rising number of hospitals and ambulatory surgery centers in the U.S., and rise in old age population. Europe has the second largest market share owing to its investments in R&D and the rising number of surgical outcomes. APAC is going to have a significant CAGR due to its improvement in healthcare infrastructure, an increasing number of hospitals equipped with advance medical facilities, development in R&D, improvement in healthcare reforms, technological development in a hybrid operating room setting. The rise of medical tourism and the inflow of foreign visitors can be a plus for the global hybrid operating room market.

Competitive Insight

The companies in the hybrid operating room market are engaging in partnerships and collaborations in order to increase their share in the market. Also, there are strategic alliances among multinational players and regional and small-scale OEMS to sustain their position in the hybrid operating room market

In December 2020, GE Healthcare introduced a new version of its robotic-driven angiography system for image-guided therapy, the Allia IGS 7 angiography system. Upon entry to the interventional or hybrid operating room, with just one click on the personalized interfaces, the users can access their essential functions to make it their room. In addition, with the redesigned C-arm making the controls more accessible, the assistant will enable an optimized ergonomic setup for the user’s clinical needs, even in complex working positions at the head, neck, or left side.GE's AutoRight technology uses intelligent image chain features on GE's interventional X-ray systems, from image acquisition to image processing and display. 

Some of the leading players operating in the global hybrid operating room market GENERAL ELECTRIC COMPANY, Getinge AB, Alvo, Mizuho Corporation., NDS Surgical Imaging, TRUMPF, Siemens Healthcare GmbH, IMRIS, Skytron, LLC, and STERIS.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Component
                1.2.2.    By Application 
                1.2.3.    By End-User
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027

5.    Market Segmentation Estimate and Forecast

        5.1.    By Component
                5.1.1.    Intraoperative Diagnostic System
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2027  
                                5.1.1.2.1. Angiography System
                                5.1.1.2.2. MRI System
                                5.1.1.2.3. CT Scanner
                                5.1.1.2.4. Others
                5.1.2.    Operating room Fixture
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2027
                                5.1.2.2.1. Operating table
                                5.1.2.2.2. Operating room Light
                                5.1.2.2.3. Radiation Shield
                                5.1.2.2.4. Others
                5.1.3.    Surgical Instruments
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2027
                5.1.4.    Audio Display System and Tools
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2027
                5.1.5.    Others
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2027
        5.2.    By Application
                5.2.1.    Neurosurgical
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2027
                5.2.2.    Cardiovascular
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2027
                5.2.3.    Thoracic
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2027
                5.2.4.    Orthopaedic
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2027
                5.2.5.    Others
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2027
        5.3.    By End-User   
                5.3.1.    Hospitals and Surgical Centers
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2027
                5.3.2.    Ambulatory Surgical Centers
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2027

6.    North America Market Estimate and Forecast

        6.1.    By Component
        6.2.    By Application 
        6.3.    By End-User
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Component
        7.2.    By Application 
        7.3.    By End-User
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Component
        8.2.    By Application 
        8.3.    By End-User
        8.4.    By Country
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Singapore Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Component
        9.2.    By Application 
        9.3.    By End-User
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    GENERAL ELECTRIC COMPANY
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Getinge AB
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Alvo
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Mizuho Corporation.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    NDS Surgical Imaging
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    TRUMPF
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Siemens Healthcare GmbH
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    IMRIS
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    SKYTRON, LLC
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    STERIS
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Hybrid Operating Room Market Size, By Component, 2015–2020 (USD Million)
Table 5 Global Hybrid Operating Room Market Size, By Component, 2021–2027 (USD Million)
Table 6 Global Hybrid Operating Room Market Size, By Application, 2015–2020 (USD Million)
Table 7 Global Hybrid Operating Room Market Size, By Application, 2021–2027 (USD Million)
Table 8 Global Hybrid Operating Room Market Size, By End-User, 2015–2020 (USD Million)
Table 9 Global Hybrid Operating Room Market Size, By End-User, 2021–2027 (USD Million)
Table 10 Global Hybrid Operating Room Market Size, by Region, 2015–2020 (USD Million)
Table 11 Global Hybrid Operating Room Market Size, by Region, 2021–2027 (USD Million)
Table 12 North America Hybrid Operating Room Market Size, By Component, 2015–2020 (USD Million)
Table 13 North America Hybrid Operating Room Market Size, By Component, 2021–2027 (USD Million)
Table 14 North America Hybrid Operating Room Market Size, By Application, 2015–2020 (USD Million)
Table 15 North America Hybrid Operating Room Market Size, By Application, 2021–2027 (USD Million)
Table 16 North America Hybrid Operating Room Market Size, By End-User, 2015–2020 (USD Million)
Table 17 North America Hybrid Operating Room Market Size, By End-User, 2021–2027 (USD Million)
Table 18 North America Hybrid Operating Room Market Size, by Region, 2015–2020 (USD Million)
Table 19 North America Hybrid Operating Room Market Size, by Region, 2021–2027 (USD Million)
Table 20 Europe Hybrid Operating Room Market Size, By Component, 2015–2020 (USD Million)
Table 21 Europe Hybrid Operating Room Market Size, By Component, 2021–2027 (USD Million)
Table 22 Europe Hybrid Operating Room Market Size, By Application, 2015–2020 (USD Million)
Table 23 Europe Hybrid Operating Room Market Size, By Application, 2021–2027 (USD Million)
Table 24 Europe Hybrid Operating Room Market Size, By End-User, 2015–2020 (USD Million)
Table 25 Europe Hybrid Operating Room Market Size, By End-User, 2021–2027 (USD Million)
Table 26 Europe Hybrid Operating Room Market Size, by Region, 2015–2020 (USD Million)
Table 27 Europe Hybrid Operating Room Market Size, by Region, 2021–2027 (USD Million)
Table 28 Asia-Pacific Hybrid Operating Room Market Size, By Component, 2015–2020 (USD Million)
Table 29 Asia-Pacific Hybrid Operating Room Market Size, By Component, 2021–2027 (USD Million)
Table 30 Asia-Pacific Hybrid Operating Room Market Size, By Application, 2015–2020 (USD Million)
Table 31 Asia-Pacific Hybrid Operating Room Market Size, By Application, 2021–2027 (USD Million)
Table 32 Asia-Pacific Hybrid Operating Room Market Size, By End-User, 2015–2020 (USD Million)
Table 33 Asia-Pacific Hybrid Operating Room Market Size, By End-User, 2021–2027 (USD Million)
Table 34 Asia-Pacific Hybrid Operating Room Market Size, by Region, 2015–2020 (USD Million)
Table 35 Asia-Pacific Hybrid Operating Room Market Size, by Region, 2021–2027 (USD Million)
Table 36 RoW Hybrid Operating Room Market Size, By Component, 2015–2020 (USD Million)
Table 37 RoW Hybrid Operating Room Market Size, By Component, 2021–2027 (USD Million)
Table 38 RoW Hybrid Operating Room Market Size, By Application, 2015–2020 (USD Million)
Table 39 RoW Hybrid Operating Room Market Size, By Application, 2021–2027 (USD Million)
Table 40 RoW Hybrid Operating Room Market Size, By End-User, 2015–2020 (USD Million)
Table 41 RoW Hybrid Operating Room Market Size, By End-User, 2021–2027 (USD Million)
Table 42 RoW Hybrid Operating Room Market Size, by Region, 2015–2020 (USD Million)
Table 43 RoW Hybrid Operating Room Market Size, by Region, 2021–2027 (USD Million)
Table 44 Snapshot – GENERAL ELECTRIC COMPANY
Table 45 Snapshot – Getinge AB
Table 46 Snapshot – Alvo
Table 47 Snapshot – Mizuho Corporation.
Table 48 Snapshot – NDS Surgical Imaging
Table 49 Snapshot – TRUMPF
Table 50 Snapshot – Siemens Healthcare GmbH
Table 51 Snapshot – IMRIS
Table 52 Snapshot – SKYTRON, LLC
Table 53 Snapshot – STERIS

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Hybrid Operating Room Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Hybrid Operating Room Market Highlight
Figure 12 Global Hybrid Operating Room Market Size, By Component, 2015–2027 (USD Million)
Figure 13 Global Hybrid Operating Room Market Size, By Application, 2015–2027 (USD Million)
Figure 14 Global Hybrid Operating Room Market Size, By End-User, 2015–2027 (USD Million)
Figure 15 Global Hybrid Operating Room Market Size, by Region, 2015–2027 (USD Million)
Figure 16 North America Hybrid Operating Room Market Highlight
Figure 17 North America Hybrid Operating Room Market Size, By Component, 2015–2027 (USD Million)
Figure 18 North America Hybrid Operating Room Market Size, By Application, 2015–2027 (USD Million)
Figure 19 North America Hybrid Operating Room Market Size, By End-User, 2015–2027 (USD Million)
Figure 20 North America Hybrid Operating Room Market Size, by Region, 2015–2027 (USD Million)
Figure 21 Europe Hybrid Operating Room Market Highlight
Figure 22 Europe Hybrid Operating Room Market Size, By Component, 2015–2027 (USD Million)
Figure 23 Europe Hybrid Operating Room Market Size, By Application, 2015–2027 (USD Million)
Figure 24 Europe Hybrid Operating Room Market Size, By End-User, 2015–2027 (USD Million)
Figure 25 Europe Hybrid Operating Room Market Size, by Region, 2015–2027 (USD Million)
Figure 26 Asia-Pacific Hybrid Operating Room Market Highlight
Figure 27 Asia-Pacific Hybrid Operating Room Market Size, By Component, 2015–2027 (USD Million)
Figure 28 Asia-Pacific Hybrid Operating Room Market Size, By Application, 2015–2027 (USD Million)
Figure 29 Asia-Pacific Hybrid Operating Room Market Size, By End-User, 2015–2027 (USD Million)
Figure 30 Asia-Pacific Hybrid Operating Room Market Size, by Region, 2015–2027 (USD Million)
Figure 31 RoW Hybrid Operating Room Market Highlight
Figure 32 RoW Hybrid Operating Room Market Size, By Component, 2015–2027 (USD Million)
Figure 33 RoW Hybrid Operating Room Market Size, By Application, 2015–2027 (USD Million)
Figure 34 RoW Hybrid Operating Room Market Size, By End-User, 2015–2027 (USD Million)
Figure 35 RoW Hybrid Operating Room Market Size, by Region, 2015–2027 (USD Million)