Global Operating Room Management Market – Analysis and Forecast (2018-2024)

Industry Insights by Component (Software and Services), by Solution (Data Management and Communication, Operating Room Supply Management, Performance Management, Anesthesia Information Management, Operating Room Scheduling and Others) by Mode of Delivery (On Premise, Cloud-Based and Web-Based), and by End User (Hospitals and Ambulatory Surgery Centers)

Status : Upcoming
Report Code : VRHC1052
Available Format : PDF
Industry : Healthcare

Industry Overview

Operating room (OR) management assists improved coordination and consultation between several surgical teams. It emphases on maximum number of tasks that can be completed with minimum required resources and related cost. The global operating room management market is mounting occurrence of chronic diseases technological improvement, and expanding geriatric population. Different components contributed to the operating room management market size. The market has witnessed high demand for software over the last few years due to propelling fitting of ORM software.

Market Segmentation

Insight by Component

There are two components, software and services. Of both components, software accounted the largest share in the operating room management market due to propelling fitting of ORM software, combined with the elevated price of software and other associated costs such as licensing.

Insight by Solution

On the basis of solutions operating room management market is subdivided into, data management and communication solutions, operating room supply management solutions, performance management solution anesthesia information management systems, operating room scheduling solutions and others. Of all solutions, data management and communication solutions accounted largest share in the market due to mounting need and major role in competently handling operating room spending and widespread applications of these solutions in the perioperative stages of OR management.

Insight by Mode of Delivery

There are three modes of delivery, on premise solutions, cloud-based solutions and web-based solutions. Benefits such as the capability to reprocess prevailing servers and effortless employment of backup and disaster recovery systems are some of the factors responsible for the growth of the on premise segment. Of all mode of delivery, the on premise accounted largest share in the operating room management market.

Insight by End User

The different end users are hospitals and ambulatory surgery centers. Necessity of proficiently managing a huge number of surgery cases and keeping a record of various surgeons and their accessibility are the factors growing the demand of OR management in hospitals. Among the all end users, the hospitals accounted the largest share in the operating room management market.

Industry Dynamics

Growth Drivers

The funding to advance OR infrastructure, mounting occurrence of chronic diseases, and mounting demand for operating room supply management software are the primary growth drivers for operating room management market. For instance, according to World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older, and is expected to reach 1.5 billion in 2050.

In addition, expanding geriatric population is also driving the growth of the market. For instance, according WHO globally approximately 17.7 million people died from cardiovascular diseases in 2015. Technological improvements in hospitals, effectiveness enhancement in ORs, improving OR infrastructure, and emphasis on price limitation are also facilitating the growth for the operating room management market.

Challenges

The lack of skilled professionals, and high cost of operating room management software and maintenance are the major challenges for the growth of operating room management market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the operating room management market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest operating room management market as in the region the occurrence of chronic disease is increasing. For instance, according to Centers of Disease Control and Prevention (CDC), in the U.S. approximately 610,000 people die every year due to heart disease. Growing geriatric population, escalating emphasis on activities to generate alertness about OR management, great amount of operating room procedure and mounting healthcare expenditure are also up surging growth of the North  American operating room management market. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

Asia-Pacific is observed to witness fastest growth in the market, as the region comprises of large population base. In addition, expanding geriatric population, mounting occurrence of chronic diseases, refining IT infrastructure, and mounting requirement to limit healthcare cost are also creating a positive impact on the operating room management market growth in the region.

Competitive Insight

Key players in the operating room management market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In May 2017, Becton, Dickinson and Company collaborated with UniteOR, Inc., to supply a combined tracking solution for operating room setting and provide better visibility into surgical tracking management. Becton, Dickinson and Company, STERIS, DXC Technology Company, Cerner Corporation, Allscripts Healthcare Solutions, Omnicell, McKesson Corporation, GE Healthcare, Optum, Nexus AG, Getinge and Surgical Information Systems are the key players offering operating room management.

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