Hybrid Operating Room Market Share, Growth And Trends Analysis by Techniques (Fluoroscopy And Data Acquisition, Rotational Angiography, Digital Subtraction Angiography), Applications (Cardiovascular Surgery, Neurosurgery, Thoracic Surgery, Endo-Bronchial Procedures And Others) Finally By End Users (Hospitals, Clinics, Medical Research Firms, And Others), Global Forecast Till 2023
The global Hybrid Operating Room Market Size is expected to garner a CAGR of over 12.5% over the assessment period (2016-2023), says Market Research Future (MRFR). A hybrid operating room is an advanced surgical center equipped with real time medical imaging devices and supporting an extensive range of procedures such as interventional, minimally invasive, and other hybrid procedures. The hybrid operating room also enables adaption for a multi-disciplinary setup demanded by diverse procedures such as neurosurgical, cardiovascular, urologic and other surgeries conducted through small cuts.
The global hybrid operating room market is projected to rise owing to rising number of surgeries and exposure to risk factors associated with these procedures. The growing number of surgeries and the expanding number of operation theatres is a key driver of the market growth. According to the latest estimates from the National Centre for Health Statistics, approximately 48 million inpatient surgeries were performed in the U.S. in 2018. The nervous, cardiovascular and urinary system surgeries accounted for 1.2 million, 7.3 million and 1.1 million respectively.
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Growing investment by hospitals in surgery departments owing to their profitability is a prime driver of the market. Additional factors that are substantiating the market growth include growing healthcare expenditure and the growing per capita income. Innovative product development and new product development are the key strategies adopted by firms in the hybrid operating room market. The trend towards minimally invasive surgeries is also driving a large demand for the market. Growing number of cataract surgeries is triggering a massive market surge. According to the Eurostat, there has been a massive increase in keyhole surgery in most European States. For example, 4.5 million cataract surgeries were performed in 2018 recording a rate of 1000 per 100000 inhabitants.
Hybrid Operating Room Market Segmentation
The hybrid operating room market is segmented by techniques, applications, end users and regions
By Techniques the global hybrid operating room market is segmented into Fluoroscopy & Data Acquisition, Rotational Angiography, Digital Subtraction Angiography, among others.
By Applications the hybrid operating room market is segmented into Cardiovascular Surgery, Neurosurgery, Thoracic Surgery & Endo-Bronchial Procedures, among others.
By End Users the hybrid operating room market is segmented into Hospitals, Clinics, Medical Research Firms, among others.
By Regions the hybrid operating room market is segmented into North America, Europe, Asia Pacific, and the Rest-of-the-World.
Hybrid Operating Room Market Regional Analysis
North America dominates the global hybrid operating room market with the largest market share owing to development of specialty surgical centers and excellent reimbursement for surgeries. Explosive growth in number of surgeries, growing popularity and awareness of minimally invasive surgeries is expected to boost the growth of the North America hybrid operating room market. The well-established healthcare sectors and high per capita medical expenditure is projected to trigger a strong growth of the market in the region.
The hybrid operating room market in Europe is anticipated to grow owing to greater hospitalization rates and the presence of large medical devices industry in the region especially in Germany.
The Asia Pacific hybrid operating room market is projected to grow at a substantial rate owing to growing population, large patient pool and healthcare infrastructure development. The Middle East and Africa market is expected to be dominated by the Gulf states such as Saudi Arabia, UAE and Qatar. The development of large hospitals such as the King Fahd hospital in Riyadh is a positive development.
Hybrid Operating Room Market Competitive Landscape
The hybrid operating room industry is consolidated and reflects a bimodal curve. The players in the industry are divided into high tech and low tech. The high-tech companies possess state of art proprietary technology and gain a premium on their products.
Manufacturers of hybrid operating room use a variety of setup and maintenance agreements with large hospitals so as to gain greater market share and lower their marketing costs. Hospitals gain by lower set up costs and maintenance agreement assure good service. There is also a large replacement market for older operation theatres which need to be tapped.
Hybrid Operating Room Market Major Players:
Players leading the global hybrid operating room industry include Johnson & Johnson Services, Mediflex Surgical Products (US), Cook Medical Inc. (US), SISCO Ltd (India), Siemens Healthcare GmbH (Germany), STERIS plc.(US), Eschmann Equipment (UK), General Electric Company (US), Inc. (US), Maquet Holding BV & Co. KG (Germany), Koninklijke Philips N.V (the Netherlands), Mizuho OSI (US), NDS Surgical Imaging (US), among others.
Industry/ Innovation/ Related News:
Alcon exhibited its latest minimally invasive cataract operating rooms at ESCRS 2019. The technologies include ACTIVE SENTRY handpiece, the world first and only phaco handpiece with a built-in sensor for real-time dynamic imaging of intraocular pressure. Other technologies exhibited were INTREPID Hybrid Tip, LEGION system 4 and LuxOR Revalia. These technologies are expected to increase the market penetration of Alcon and result in increase in its product mix.
Table Of Content:
1 Report Prologue
2 Market Introduction
2.1 Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Hybrid Operating Room Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Hybrid Operating Room Market Dynamics
4.1 Drivers
4.2 Restraints
5 Hybrid Operating Room Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Supply Chain Analysis
6 Hybrid Operating Room Market, By Techniques
6.1 Fluoroscopy And Data Acquisition
6.2 Rotational Angiography
6.3 Digital Subtraction Angiography
6.4 Others
7 Hybrid Operating Room Market, By Applications
7.1 Cardiovascular Surgery
7.2 Neurosurgery
7.3 Thoracic Surgery And Endo-Bronchial Procedures
7.4 Others
8 Hybrid Operating Room Market, By End Users
8.1 Hospitals
8.2 Medical Research Firms
8.3 Clinics
8.4 Others
9 Hybrid Operating Room Market, By Region
9.1 Introduction
9.2 America
9.2.1 North America
9.2.1.1 US
9.2.1.2 Canada
9.2.2 South America
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 UK
9.3.1.3 France
9.3.1.4 Italy
9.3.1.5 Spain
9.3.1.6 Rest Of Western Europe
9.3.2 Eastern Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 Republic Of Korea
9.4.6 Rest Of Asia Pacific
9.5 Middle East & Africa
9.5.1 United Arab Emirates
9.5.2 Saudi Arabia
9.5.3 Oman
9.5.4 Kuwait
9.5.5 Qatar
9.5.6 Rest Of Middle East & Africa
10 Hybrid Operating Room Market Competitive Landscape
11 Hybrid Operating Room Market Company Profile
12 Conclusion
13 Appendix
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