Global Operating Room Management Solutions Market, By Component ; By Delivery mode ; By Solution ; By End User ; By Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Description

Global Operating Room Management Solutions Market to Reach USD 6.1 Billion by 2028

The growth in the operating room management solutions can be attributed to the several governments are taking numerous initiatives to upgrade the hospital infrastructure. With the rise in chronic diseases and the ageing population, the market has changed considerably. Hospitals spend around 70% of their budget on operating rooms, thus the persistent drop in revenue production from these specialist suites is concerning. Thus, they are increasingly pushing the use of ORM solutions that improve operational efficiency and lower the costs. This in turn is driving the global operating room management solutions market.

The global operating room management solutions market was worth USD 2.7 billion in 2021, and it is further projected to reach USD 6.1 billion by 2028, exhibiting a CAGR of 12.5% during 2022-2028 (forecast period). The growth in the operating room management solutions can be attributed to several governments taking numerous initiatives to upgrade the hospital infrastructure. With the rise in chronic diseases and the ageing population, the market has changed considerably. Hospitals spend around 70% of their budget on operating rooms; thus, the persistent drop in revenue production from these specialist suites is concerning. Thus, they are increasingly pushing the use of ORM solutions that improve operational efficiency and lower costs. This, in turn, is driving the global operating room management solutions market.

Rising Government Initiatives for Upgradation of Health Infrastructure Driving the Global Operating Room Management Solutions Market

Governments throughout the world have been taking steps to upgrade the health infrastructure. These include certain initiatives and funding to enhance the Operating Room (OR) infrastructure, a rise in chronic diseases, and a swiftly growing geriatric population, all of the results in an increase in the number of surgical procedures, the rising demand to upgrade operating room infrastructure to guarantee patient safety, streamline workflows, and control operating room costs, and increased adoption of electronic health records (EHRs) solutions. For instance- The US Federal Government has realized the significance of sufficient and sustained funding for healthcare infrastructure upgradation, and the bipartisan PREVENT Pandemics Act of 2022 provisions comprehensive funding for public health. One of the most important roles in the operating room is to ensure the safety of the patients. In the operating room, mistakes are common and can have catastrophic repercussions. By guaranteeing effective communication, data management, accuracy, and addressing any medical errors in the OR, the integration of OR management solutions helps to ensure patient safety. This, in turn, is driving the growth of the operating room management solutions over the forecast period 2022-2028.

On-Premises Segment Accounted for the Larger Market Share in 2021 on the Basis of Delivery Mode

The global operating room management solutions systems market has been divided into the following segments based on delivery mode, namely cloud-based and on-premises segments. Amid the segmentation, the on-premises segment accounted for the larger market share in 2021. The on-premises delivery option, in which the software is housed in the healthcare organization's in-house computing facility, is the most common segment deployed by healthcare organizations. However, the cloud-based segment is likely to grow with the highest CAGR over the forecast period owing to certain advantages offered by the segment, which include scalable data storage, machine-learning capabilities, scalable computing power, and faster data transfer between organizations of cloud platforms.

North America Accounted For the Largest Market Share in 2021

Amidst the segmentation, North America accounted for the biggest market share of the global operating room management solutions owing to the faster adoption of new technologies coupled with the presence of well-developed hospital infrastructure in the United States and Canada. Moreover, this region hosts the highest number of multi-specialty hospitals. On the other hand, Europe is the second-largest market, led by Germany, France, as well as the United Kingdom. Nevertheless, the Asia-Pacific region is likely to register the highest CAGR, with countries like Japan, China, and India expecting to grow at the fastest rates owing to rising instances of medical tourism in these regions. The Middle East and African region are likely to grow gradually owing to weak social and economic conditions, particularly in Africa. The Gulf economy, on the other hand, is predicted to expand swiftly as a result of the region's faster expansion of healthcare and the creation of big hospital complexes.

Impact Of COVID-19 On the Global Operating Room Management Solutions Market

The pandemic impacted the ORM solutions market in significant ways. Since the COVID-19 pandemic caused the deferral of elective surgeries across several clinical areas, including cardiology and neurology, consequently, there was a decline in the number of non-essential surgeries, which impacted the usage of the ORM solutions market in the short term. Hospitals suffered considerable financial losses as a result of the postponement of procedures because operating rooms are a major source of income for medical facilities. There was a decrease in hospital spending on the installation of OR management solutions as a result of the pandemic's increased demand for essential breathing equipment and other supplies needed to manage COVID-19. However, the healthcare IT sector is one area that has also benefited from this catastrophe. While many businesses struggled to stay afloat, the pandemic acted as a boon for the operating room management solutions market. The pandemic is likely to boost the ORM software adoption as most hospitals would shift their focus on improving capacity by leveraging technology to augment efficiency.

Competitive Landscape

The global operating room management solutions market is characterized by many local, regional, and global vendors. The key players operating in the global operating room management solutions market are GE Healthcare, McKesson Corporation, Cerner Corporation, Becton, Dickinson and Company (BD), Surgical Information Systems, Optum, Meditech, Picis Clinical Solutions, Getinge AB, Steris Plc, Allscripts Healthcare Solutions, Nexus AG, Novanta Inc, and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the global operating room management solutions market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global operating room management solutions market ¬along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.

Product Code: BWC22305

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology

2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation

3. Executive Summary

4. Global Operating Room Management Solutions Market Insights

4.1. Industry Value Chain Analysis
4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
4.3. Technological Advancement/Recent Development
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry

5. Global Operating Room Management Solutions Market Overview

5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Component
  - 5.2.1.1. Software
  - 5.2.1.2. Service
- 5.2.2. By Delivery Mode
  - 5.2.2.1. Cloud Based
  - 5.2.2.2. On-Premises
- 5.2.3. By Solutions
  - 5.2.3.1. Data Management and Communication Solutions
  - 5.2.3.2. Anesthesia Information Management Systems
  - 5.2.3.3. Operation Room Supply Management Solutions
  - 5.2.3.4. Operation Room Scheduling Solutions
  - 5.2.3.5. Performance Management Solutions
  - 5.2.3.6. Other solutions
- 5.2.4. By End User
  - 5.2.4.1. Hospital
  - 5.2.4.2. Ambulatory Surgery Centers
- 5.2.5. By Region
  - 5.2.5.1. North America
  - 5.2.5.2. Europe
  - 5.2.5.3. The Asia Pacific
  - 5.2.5.4. Latin America
  - 5.2.5.5. The Middle East and Africa

6. North America Operating Room Management Solutions Market

6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Delivery Mode
- 6.2.3. By Solutions
- 6.2.4. By End User
- 6.2.5. By Country
  - 6.2.5.1. United States
  - 6.2.5.2. Canada

7. Europe Operating Room Management Solutions Market

7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Delivery Mode
- 7.2.3. By Solutions
- 7.2.4. By End User
- 7.2.5. By Country
  - 7.2.5.1. Germany
  - 7.2.5.2. United Kingdom
  - 7.2.5.3. Italy
  - 7.2.5.4. France
  - 7.2.5.5. Spain
  - 7.2.5.6. Rest of Europe

8. The Asia Pacific Operating Room Management Solutions Market

8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Delivery Mode
- 8.2.3. By Solutions
- 8.2.4. By End User
- 8.2.5. By Country
  - 8.2.5.1. China
  - 8.2.5.2. India
  - 8.2.5.3. Japan
  - 8.2.5.4. South Korea
  - 8.2.5.5. Rest of Asia Pacific

9. Latin America Operating Room Management Solutions Market

9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Delivery Mode
- 9.2.3. By Solutions
- 9.2.4. By End User
- 9.2.5. By Country
  - 9.2.5.1. Brazil
  - 9.2.5.2. Mexico
  - 9.2.5.3. Rest of Latin America

10. The Middle East & Africa Operating Room Management Solutions Market

10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Delivery Mode
- 10.2.3. By Solutions
- 10.2.4. By End User
- 10.2.5. By Country
  - 10.2.5.1. Saudi Arabia
  - 10.2.5.2. UAE
  - 10.2.5.3. South Africa
  - 10.2.5.4. Rest of Middle East & Africa

11. Competitive Landscape

11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Impact of Covid-19 on Global Operating Room Management Solutions Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

13.1. GE Healthcare
13.2. McKesson Corporation
13.3. Cerner Corporation Becton
13.4. Becton, Dickson and Company
13.5. Surgical Information Systems
13.6. Optum
13.7. Meditech
13.8. Picis Clinical Solutions
13.9. Getinge AB
13.10. Steris Plc
13.11. Allscripts Healthcare solutions
13.12. Nexus AG
13.13. Novanta Inc

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List Of Figures

Figure 1: Global Operating Room Management Solutions Market Segmentation
Figure 2: Global Operating Room Management Solutions Industry Value Chain Analysis
Figure 3: Global Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 4: Global Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 5: Global Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 6: Global Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 7: Global Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 8: Global Operating Room Management Solutions Market Share (%), By Region, By Value, 2018-2028
Figure 9: North America Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 10: North America Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 11: North America Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 12: North America Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 13: North America Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 14: North America Operating Room Management Solutions Market Share (%), By Country, By Value, 2018-2028
Figure 15: Europe Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 16: Europe Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 17: Europe Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 18: Europe Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 19: Europe Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 20: Europe Operating Room Management Solutions Market Share (%), By Country, By Value, 2018-2028
Figure 21: The Asia-Pacific Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 22: The Asia-Pacific Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 23: The Asia-Pacific Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 24: The Asia-Pacific Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 25: The Asia-Pacific Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 26: The Asia-Pacific Operating Room Management Solutions Market Share (%), By Country, By Value, 2018-2028
Figure 27: Latin America Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 28: Latin America Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 29: Latin America Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 30: Latin America Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 31: Latin America Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 32: Latin America Operating Room Management Solutions Market Share (%), By Country, By Value, 2018-2028
Figure 33: The Middle East & Africa Operating Room Management Solutions Market Size, By Value (USD Million), 2018-2028
Figure 34: The Middle East & Africa Operating Room Management Solutions Market Share (%), By Component, By Value, 2018-2028
Figure 35: The Middle East & Africa Operating Room Management Solutions Market Share (%), By Delivery Mode, By Value, 2018-2028
Figure 36: The Middle East & Africa Operating Room Management Solutions Market Share (%), By Solutions, By Value, 2018-2028
Figure 37: The Middle East & Africa Operating Room Management Solutions Market Share (%), By End User, By Value, 2018-2028
Figure 38: The Middle East & Africa Operating Room Management Solutions Market Share (%), By Country, By Value, 2018-2028
Figure 39: Global Operating Room Management Solutions Market Share Analysis, 2021

List Of Tables

Table 1: Global Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 2: Global Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 3: Global Operating Room Management Solutions Market Size, By Solutions, By Value (USD Million), 2018-2028
Table 4: Global Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 5: Global Operating Room Management Solutions Market Size. By Region, By Value (USD Million), 2018-2028
Table 6: North America Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 7: North America Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 8: 28 North America Operating Room Management Solutions Market Size (USD Million), By Solutions, By Value 2018-2028
Table 9: North America Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 10: 28 North America Operating Room Management Solutions Market Size (USD Million), By Country, By Value 2018-2028
Table 11: Europe Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 12: Europe Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 13: 40 Europe Operating Room Management Solutions Market Size (USD Million), By Solutions, By Value 2018-2028
Table 14: Europe Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 15: 40 Europe Operating Room Management Solutions Market Size (USD Million), By Country, By Value 2018-2028
Table 16: The Asia-Pacific Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 17: The Asia-Pacific Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 18: The Asia-Pacific Operating Room Management Solutions Market Size (USD Million), By Solutions, By Value 2018-2028
Table 19: The Asia-Pacific Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 20: The Asia-Pacific Operating Room Management Solutions Market Size (USD Million), By Country, By Value 2018-2028
Table 21: Latin America Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 22: Latin America Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 23: Latin America Operating Room Management Solutions Market Size (USD Million), By Solutions, By Value 2018-2028
Table 24: Latin America Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 25: Latin America Operating Room Management Solutions Market Size (USD Million), By Country, By Value 2018-2028
Table 26: The Middle East & Africa Operating Room Management Solutions Market Size, By Component, By Value (USD Million), 2018-2028
Table 27: The Middle East & Africa Operating Room Management Solutions Market Size, By Delivery Mode, By Value (USD Million), 2018-2028
Table 28: The Middle East & Africa Operating Room Management Solutions Market Size (USD Million), By Solutions, By Value 2018-2028
Table 29: The Middle East & Africa Operating Room Management Solutions Market Size, By End User, By Value (USD Million), 2018-2028
Table 36: The Middle East & Africa Operating Room Management Solutions Market Size (USD Million), By Country, By Value 2018-2028
Table 37: List of Key Players and Their Offerings
Table 38: Competitive Benchmarking, by Operating Parameters
Table 39 GE Healthcare Company Overview
Table 40 GE Healthcare Financial Overview
Table 41 McKesson Corporation Company Overview
Table 42 McKesson Corporation Financial Overview
Table 43 Cerner Corporation Company Overview
Table 44 Cerner Corporation Financial Overview
Table 45 Becton, Dickson and Company Overview
Table 46 Becton, Dickson and Company Financial Overview
Table 47 Surgical Information Systems Overview
Table 48 Surgical Information Systems Financial Overview
Table 49 Optum Company Overview
Table 50 Optum Financial Overview
Table 51 Meditech Company Overview
Table 52 Meditech Financial Overview
Table 53 Picis Clinical Solutions Company Overview
Table 54 Picis Clinical Solutions Financial Overview
Table 55 Getinge AB Company Overview
Table 56 Getinge AB Financial Overview
Table 57 Steris Plc Company Overview
Table 58 Steris Plc Financial Overview
Table 59 Allscripts Company Overview
Table 60 Allscripts Financial Overview
Table 61 Nexus AG Company Overview
Table 62 Nexus AG Financial Overview
Table 63 Novanta Inc Company Overview
Table 64 Novanta Inc Financial Overview