Operating Room Management Market: Market Segments: By Component (Software and Services); By Solutions (Data Management and Communication, Anesthesia Information Management, Operating Room Supply Management, Operating Room Scheduling, Performance Management and Others); By Deployment Type (On-premises, web-based and Cloud-based); By End User (Hospitals and Ambulatory surgery centers); and Region – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Significant feature of the medical facility is the operation rooms. In order to achieve high performance production and ensure patient safety, management of operating rooms is important. Operating room management provides a secure, efficient, and organized atmosphere while keeping an eye on costs. OR management can be defined as organizing the components of the surgical suite, minimizing patient delays, and ensuring an efficient workspace for all staff.
Operating Room Management Market is expected to project a notable CAGR of 11.6% in 2030.
Operating Room Management Market to surpass USD 5.8 billion by 2030 from USD 2.1 billion in 2019 at a CAGR of 11.6% throughout the forecast period, i.e., 2020-30. Operating room management includes software-based solutions that allow operating rooms to operate properly and help increase overall operating room productivity and performance. The increase in the geriatric population worldwide has contributed to the prevalence of numerous disorders. Management of the operating room aims at optimizing operational efficiency by growing the number of surgical procedures performed and minimizing the required resources.
Operating Room Management Market: Segments
Software segment to grow with the highest CAGR during 2020-30
Operating Room Management Market is segmented by component as software and services. The greater market share in 2019 was accounted by software segment and the segment is also expected to grow at the highest CAGR during the forecast period. The increasing installation of ORM software can be attributed to the large share and fast growth. During the forecast period, the software segment of the market is anticipated to record a healthy CAGR.
Operating Room Management Market: Market Dynamics
Increasing Number of Surgical Procedures
The key driving factors for the growth of the operating room management market are developments in technology such as robot-assisted surgeries, a growing number of minimally invasive surgeries, and an increasing tendency towards non-invasive surgical procedures.
High pricing and maintenance costs of ORM software
Its high installation and maintenance costs have especially affected the adoption of ORM solutions. When installed, ORM software often needs to be periodically updated according to the specifications of the user and software upgrades, thereby posing recurring expense. Additionally, it usually costs more than the programme itself to maintain high-end IT-enabled systems.
Operating Room Management Market: Key Players
• Becton, Dickinson and Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• DXC Technology company
• Nexus AG
Operating Room Management Market: Regions
Operating Room Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Operating Room Management Market in North America held the largest market share of XX.X% in the year 2019 due to the emergence of a large number of well-established industry players, a rapid rise in investment, and a strong tendency towards minimally invasive approaches. In addition, the enormous availability of funds for the growth of the healthcare sector, the high acceptance of technological innovations, the increase in the prevalence of chronic diseases, the increase in patient visits to doctors, etc., are driving the North American operating room management industry. The APAC market is expected to expand over the next five years at the highest CAGR. The need to minimize healthcare costs, the rising number of patients and the increasing need for effective diagnosis and treatment of diseases are driving the region’s market development.
Operating Room Management Market report also contains analysis on:
Operating Room Management Market Segments:
• Data management and communication solutions
• Anesthesia information management systems
• Operating room supply management solutions
• Operating room scheduling solutions
• Performance management solutions
By Deployment Model:
• Cloud -based
By End User:
• Ambulatory surgery centers
• Operating Room Management Market Dynamics
• Operating Room Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Operating Room Management Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Operating Room Management Market?
· What could be the challenging factors in the growth of Operating Room Management Market?
· What are the growth drivers for the Operating Room Management Market?