Operating room management Market Segmentation
The global operating room management market is predicted to grow at an 18.6% CAGR over the forecast period (2017-2023), in accordance with the latest Market Research Future (MRFR) report. Operating room management, simply put, is the science concerning how to run any operating room suite. It lays emphasis on maximizing operational efficiency in a facility, that is, maximizing the total surgical cases which can be performed on a single day and at the same time minimizing the related costs and required resources.
Various factors are propelling the operating room management market growth. These factors, in accordance with the MRFR report, include technological advancements such as robot-assisted injuries, rising geriatric population, increasing prevalence of diseases, funding and redevelopment projects to improve OR infrastructure, and emphasis on cost control. Additional factors pushing market growth include favorable reimbursement policies, increasing investments by venture capitalists and governments, and the rising number of minimally invasive surgeries.
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On the contrary, scarcity of skilled OR technicians and the high price of ORM software and high maintenance costs are factors that may impede the operating room management market growth over the forecast period.
Operating room management Market Segmentation
The MRFR report provides a complete segmental analysis of the operating room management market report on the basis of end users, deployment, and solution.
By solution, the operating room management market is segmented into climate solutions, pre-& post-operative management solutions, performance management solutions, scheduling solutions, operating room supply management solutions, anesthesia information management solutions, and data management and communication solutions. Of these, the data management and communication solutions segment will have the largest share in the market over the forecast period. This is owing to its significant role and increasing demand for effective management of operating room expenditure.
By deployment, the operating room management market is segmented into cloud-based and on-premise.
By end user, the operating room management market is segmented into ambulatory surgical units, hospitals, and others. Of these, the hospitals segment will dominate the market over the forecast period.
Operating room management Market Regional Analysis
By region, the operating room management market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will remain the frontrunner in the market over the forecast period. This is on account of strong economic conditions, huge investments being made in the research and development activities in healthcare, and the growing popularity of operating room management tools. The US is the key contributor in this region owing to the presence of the maximum number of multi-specialty hospitals, well-developed hospital infrastructure, and adoption of new technologies.
The operating room management market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to increasing emphasis on research, especially in the healthcare domain and accessibility of funds for R&D activities. The UK, France, and Germany are the key contributors in this region.
The operating room management market in the APAC region is predicted to have lucrative growth during the forecast period following the rapid increase of technology. Moreover, Japan, China, and India have increased their investments in R&D and also the development of the healthcare sector are also contributing market growth.
The operating room management market in the MEA is predicted to have a minimal share in the market over the forecast period. This is owing to poor economic conditions, especially in medical facilities, scarcity of skilled labor, and technological incompetence. The GCC countries, however, are predicted to garner strong growth on account of the development of large healthcare facilities and hospitals and a well-established healthcare sector in the Middle East.
Operating room management Market Key Players
Leading players profiled in the operating room management market report include EIZO Corporation, Merivaara, Mizuho OSI, Dickinson and Company, Owens & Minor Medical, Inc., Becton, Siemens, Healthcare IQ, Medtronic plc, HCA Healthcare, TECSYS Inc., Omnicell, Inc., Getinge AB, and Cardinal Health.
September 2019: Vector Solutions and Cognibox have entered into a partnership for distributing Cognibox clients in the US and Canada the Convergence Training catalog. This partnership will bring together vital skills in compliance administration, education development & delivery, performance management, training, and e-learning to assist clients in managing contractors, mitigating risks, and finally attaining success.
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