Top 10 Leading Companies in Operating Room Integration Industry
The global operating room integration market size is anticipated to reach USD 3.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.0% from 2021 to 2028. Increasing redevelopment projects and the adoption of advanced healthcare IT solutions in hospitals is a major factor boosting market growth. Operating Rooms (OR) are increasingly becoming complex and congested due to the requirement of devices during surgeries such as surgical lights, operating tables, and surgical displays. Integrated Operating Rooms (I-ORs) is becoming a solution for this complexity in ORs.
Though digitization was now high on the
agendas of most companies, the COVID-19 pandemic speeded up the paradigm shift
towards digitization in 2020. Besides, the trend towards digital ORs was also
quickened up by the pandemic. Thus, the COVID-19 crisis created new
opportunities to innovate and new ways to create value in the evolving
healthcare world. For instance, in March 2021, Olympus has introduced
EASYSUITE, a next-generation OR integration solution, in the EMEA area.
EASYSUITE features video management and routing, medical content management,
procedure recording, and virtual collaboration. As a result, with the
introduction of EASYSUITE, the company promoted digitalization in surgery and
boosted its position in the EMEA territory.
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Operating Room Integration
Market Highlights
·
OR integrated services are expected to
witness the fastest growth rate in coming years owing to the growing demand
from ambulatory
surgical centers and hospitals
·
The documentation management systems
segment dominated the market in 2021 owing to the associated benefits such as
data management with minimal errors
·
Demand for fully integrated solutions to
automated surgical workflows is growing in accordance with the requirements to
access all the necessary information on a single platform. This helps in
expediting the surgical procedure and eliminates the need for various devices
arranged all over in the operating room
·
The orthopedic surgery segment is
anticipated to show a lucrative CAGR owing to its growing demand. There is an
increase in the number of cases of orthopedic conditions, including
osteoarthritis, osteoporosis, rheumatoid arthritis, and ligamentous knee
injuries
·
North America dominated the market as of
2021, which is attributable to supportive government initiatives promoting the
adoption of surgical automation, telemedicine, and other advanced technologies to
support the use of integrated solutions in operating rooms
·
Market players are involved in extensive
research for the development of cost-efficient and technologically advanced OR
integration solutions. Subsequently, the introduction of such solutions is
expected to provide the market with lucrative growth opportunities.
·
In April 2021, Barco proclaimed its
partnership with Sigma - Jones | AV LLP to deliver best-in-class digital
experiences in healthcare for its next-gen operating room video integration
solution Nexxis
Key Companies & Market Share Insights
The industry is fragmented with a large
number of players operating in this sector. The key players are focusing on
implementing new strategies such as regional expansion, mergers, and
acquisitions, improving their application portfolio through innovation,
partnerships, and distribution agreements to increase their revenue share and
mark their presence in the market. For instance, in April 2021, Barco launched
surgical teleconferencing, telementoring, and teleassistance solution called
NexxisLive as a secure cloud-based platform for ORs. While, in April 2021,
caresyntax’s digital surgery platform was selected as part of a pilot program
by the American Board of Surgery to enhance surgeon certifications with
video-based assessments.
Likewise in January 2020, Caresyntax
announced the installation of 16 digital ORs in Calvary Adelaide Hospital in
South Australia with its digital OR integration platform, PRIME365. These types
of initiatives are attributing to the increasing penetration of I-ORs in the
coming years. Furthermore, Innovations like these by the established market
players focused on introducing integrated OR platform globally is likely to propel
market growth. Some of the prominent players in the operating room integration
market include Stryker, Braiblab AG, Barco, Dragerwerk AG & Co. KGaA,
Steris, KARL STORZ SE & CO. KG, Getinge AB, Olympus, Care Syntax, Arthrex,
Inc.
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