Global Hybrid Operating Rooms Market is forecast to grow at A CAGR of 13%

15 Jul 2016

According to the latest market report published by Acute Market Reports “Hybrid Operating Rooms Market - Growth, Future Prospects and Competitive Analysis, 2021 - 2029” the global hybrid operating rooms market is expected to grow at a CAGR of 13% from 2021 to 2029. The healthcare industry is transforming from conventional operating methods to intra-operative approach for surgeries. An estimated 234 million major surgeries are performed every year globally which include cardiac catheterizations, endoscopy, and neurosurgery and so on. The increasing demand for minimally invasive surgeries is driving the growth of hybrid operating rooms.

Browse the full report Hybrid Operating Rooms Market - Growth, Future Prospects and Competitive Analysis, 2021 – 2029 report at https://www.acutemarketreports.com/report/hybrid-operating-room-market 

For the purpose of the study, hybrid ORs market is categorized on the basis of products and applications. Market size and forecast for each of these segments for the period from 2019 to 2029 are provided in this study along with respective CAGRs for the forecast period from 2021 to 2029. On the basis of product type, the global hybrid ORs market is categorized as operating tables (mobile operating tables & stationary operating tables), ORs lights (LED lightings & halogens), surgical booms, surgical imaging displays, intraoperative diagnostic devices (3D ultrasound, MRI, computed tomography, computer assisted robotic surgery, C-arm X-Ray & infrared imaging systems) and operating room communication systems (audio visual & operating rooms integration system). On the basis of application type market classified as therapeutics (cardiovascular, neurosurgery, thoracic surgery, biopsy, orthopedic surgeries, laparoscopic surgeries and emergency care) and diagnostics (fluoroscopy, digital subtraction angiography & three-dimensional (3D) C-Arm computed tomography). 

Hybrid operating room market is majorly driven by increasing prevalence and incidence rate of cardiology diseases and rising hybrid operating approach to minimally invasive surgeries. For instance, as per WHO, by 2030, 23.3 million people will be fatally affected by CVD, CHD and other heart diseases. Moreover, in the U.S., more than 34% of the American youth have suffered from high blood pressure. In Europe, Cardiovascular disease causes nearly over 4 million deaths each year, which accounts for 45% of all the deaths over the European population. The healthcare industry is gradually transforming from conventional operating methods to intraoperative approach for surgeries. Hospitals in different countries are adopting hybrid operating room to perform CVD surgeries. 

Intraoperative diagnostic devices contributed more than 40% of the global market revenue (in 2020) due to higher capital cost of such systems, and their incumbent status in every minimally invasive surgical procedure.  The intraoperative diagnostic devices are used in the hybrid operating room for performing detailed and highly accurate surgeries and imaging of brain, bones, and other body parts. Through these devices, both the imaging and diagnostic systems with surgical facilities are achieved that ensures better care and minimum wastage of time. The Intraoperative diagnostic devices market is primarily driven by the increasing number of surgical procedures related to various diseases across the globe. 

North America leads global hybrid operating room market by capturing largest market share in 2020. North America hybrid operating room market is anticipated to grow at a CAGR of 13% during forecast. The North America hybrid operating room market is mainly driven by increasing healthcare expenditure, presence of key players coupled with increasing prevalence of diseases. Furthermore, according to Centers for Medicare & Medicaid Services (US) the healthcare expenditure is projected to increase to 20% of the GDP by 2025. On the other hand, Asia Pacific market is expected to grow at the highest rate during the forecast period mainly due to rapid evolution of healthcare infrastructure, growing healthcare investments, proliferation of medical tourism in some ASEAN countries such as India, Malaysia, Thailand, South Korea etc. and rise in the adoption of technological advanced surgical techniques. 

The global hybrid ORs market is highly competitive and involves a large number of players. However, major competition lies between players operating in their individual segments. At present the market is dominated by few key manufacturers such as GE Healthcare, Inc., Karl Storz Gmbh & Co. KG, Maquet Getinge Group, Mizuho OSI, Inc., NDS Surgical Imaging, LLC, Koninklijke Philips N.V., Siemens Healthineers, Inc., Skytron,  STERIS plc., Stryker Corp., Toshiba Corporation and others. 

Key Market Movements:

  • Hybrid operating rooms market is projected to grow at CAGR of 13 % from 2021 - 2029.
  • Advancements in minimally invasive surgeries remains the key driver
  • Pandemic enhanced the market revenues.
  • Interoperative diagnostics had the largest share of market revenues in 2020.
  • North America holds the major share in the regional analysis
  • The global hybrid ORs market is highly competitive and involves a large number of players.
  • At present the market is dominated by few key manufacturers such as GE Healthcare, Inc., Karl Storz Gmbh & Co. KG, Maquet Getinge Group, Mizuho OSI, Inc., NDS Surgical Imaging, LLC, Koninklijke Philips N.V., Siemens Healthineers, Inc., Skytron, STERIS plc., Stryker Corp., Toshiba Corporation and others. 

The Global Hybrid operating rooms Market is segmented into: 

ATTRIBUTE DETAILS

Research Period

 2019-2029

Base Year

 2020

Forecast Period

 2021-2029

Historical Year

 2019

Unit

 USD Million

Segmentation

 By Product  (2019-2029; US$ Mn)

 

 By Application (2019-2029; US$ Mn)

 

 Region type Segment (2019-2029; US$ Mn)

 

 Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

*Detailed segments are available on the report page

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