04-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Hybrid Operating Room Market by Component (Audiovisual Display Systems and Tools, Surgical Other Components, Operating Room Fixtures, Intraoperative Diagnostic Imaging Systems and Other Components); by Application (Orthopedic, Thoracic, Neurosurgical, Cardiovascular and Other Applications); by End User (Ambulatory Surgical Centers, Hospitals and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024–2032. According to the report, global demand for hybrid operating room market was valued at approximately USD 1.35 Billion in 2023, and is expected to generate revenue of around USD 3.98 Billion by 2032, growing at a CAGR of around 12.73% between 2024 and 2032.
Browse the full “Hybrid Operating Room Market by Component (Audiovisual Display Systems and Tools, Surgical Other Components, Operating Room Fixtures, Intraoperative Diagnostic Imaging Systems and Other Components); by Application (Orthopedic, Thoracic, Neurosurgical, Cardiovascular and Other Applications); by End User (Ambulatory Surgical Centers, Hospitals and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/hybrid-operating-room-market
Hybrid operating room are modified version of Surgical theaters that are equipped with advanced imaging modalities like CT scanners, MRI scanners, fixed C-arms, intraoperative 3D imaging machines etc. Hybrid operating rooms are well equipped to carry out both open as well as laparoscopic procedures which may be required to be carried out in the same visit. Hybrid ORs are cost effective over the traditional surgical suites as both surgical and imaging equipment are all at a single place.
Hybrid operating room market growth is driven by various factors such as increasing preference for minimally invasive surgeries by both patients as well as by physician. Additionally, this growth is supported by technological innovations in various imaging modalities like ultrasound, MRI, CT scan, etc. However, high operational and installation cost and higher space requirements may impede the market growth over the forecast period. Increasing adoption of advanced surgical and imaging modalities for minimally invasive surgeries, technological advancements for instrument and equipment miniaturization and emerging markets are expected to open growth avenues for market players in hybrid operating room.
The hybrid operating room market is categorized based on application, end user, component, and region. Based on component, global market is segmented into surgical instruments, audiovisual display systems and tools, intraoperative diagnostic imaging systems, operating room fixtures, and other components. Intraoperative diagnostic imaging systems accounted for large market share in 2018. This is due to their high price and increasing demand to carry out minimally invasive surgeries.
Based on applications market is segmented into thoracic, orthopedic, cardiovascular, neurosurgical, and other applications. In 2018, cardiovascular application segment accounted for largest market share. This large share is attributed to growing prevalence of cardiovascular diseases (CVD) and increasing CVD awareness. Over the forecast period, orthopedic application segment is projected to register highest CAGR.
Ambulatory surgical centers, hospitals and others are end users of global hybrid operating room market. Hospitals accounted for the largest market share of hybrid operating room market in 2018. This is due to availability of funds/budget to afford high cost advanced imaging modalities, growing focus to provide better patient outcome through established infrastructure, large patient pool, and easy accessibility to hospitals.
At regional level, North America dominated the market in 2018 with largest revenue share of about 40%. This large share is attributed to presence of developed health infrastructure, increasing investments by hospitals for infrastructure improvement to offer advanced health solutions for better patient outcome as well as regulatory compliance, availability of funds/budgets, increasing burden of trauma cases and chronic diseases and technological advancements. Europe was second leading regional market. Availability of funds for incorporation of advanced infrastructure, growing preference for minimally invasive surgeries, increasing incidence rate of trauma cases, life threatening diseases, etc. are some of factors that fuel the market growth in this region. Latin America is projected to experience moderate growth over the forecast period. Asia Pacific region is projected to register rapid growth for hybrid operating room market over the forecast period. This high growth in Asia Pacific is attributed to increasing elderly population, growing adoption of minimally invasive surgeries, growing emphasis of hospitals on infrastructure improvement, increasing disposable income and healthcare spending. Middle East and Africa will register slower growth in coming years.
Major players included in the report are Trumpf Medical, Skytron LLC, Eschmann Equipment, Stryker Corporation, Getinge AB, GE Healthcare, Imris Inc., Toshiba Corporation, Philips Healthcare and Siemens AG among others.
The report segment of global hybrid operating room market as follows:
Global Hybrid Operating Room Market: By Component
Global Hybrid Operating Room Market: By Application
Global Hybrid Operating Room Market: By End User
Global Hybrid Operating Room Market: By Region
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