Market Size of Hybrid Operating Room Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 12.81 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Hybrid Operating Room Market Analysis
The hybrid operating room market is poised to register a CAGR of 12.81% during the forecast period.
The COVID-19 pandemic led to a significant decrease in surgical procedures around the world and numerous advisories from respective governments regarding surgical procedures, which affected the market studied. For instance, according to a study published in the National Library of Medicine in August 2022, the quaternary care facilities successfully dealt with the COVID-19 pandemic's pressures by significantly reducing the number of surgical procedures performed during the peak of the pandemic. However, despite uneven recovery rates across subspecialties and case classes, total surgical procedure volumes did not fully return to pre-COVID-19 levels until well into 2021.
However, new launches by key market players are expected to increase the growth of the market studied in the post-pandemic period. For instance, in March 2022, LAU Medical Center-Rizk Hospital launched a new operating room with a grant worth USD 1.4 million provided by USAID under the American Schools and Hospitals Abroad initiative. Such initiatives are expected to increase market growth during the forecast period.
Hybrid ORs provide the ability to integrate diagnosis and perform image-guided operations with minimally invasive procedures in a single room. These spaces also offer a smooth transition to open procedures if the need arises. The hybrid operating room (OR) market is growing due to increasing demands for non-invasive methods of surgery, coupled with the rise in the geriatric population.
The Aesthetic Plastic Surgery Statistics 2021 revealed that non-surgical procedures climbed by 44% in 2021 compared to 2020, while surgical procedures increased by 54%. Body operations saw the biggest growth (+ 63% vs. 2020), driven by increases in abdominoplasties (+ 49%) and liposuction procedures (+ 66%). 320 surgical procedures were carried out on average by plastic surgeons in 2021 compared to 220 in 2020. Such a high volume of surgical procedures in aesthetics is anticipated to drive market growth. As per the same source, approximately 94% of the procedures were performed on women. In 2021, 365,000 breast augmentations (+44%) were carried out. In addition, 71,000 women had their implants removed but not replaced, whereas 148,000 women had their implants removed and replaced (+32% from 2020). The huge number of cosmetic surgical procedures in developed regions is expected to drive the market studied. The increase in these procedures is expected to increase the demand for hybrid operation rooms during the forecast period. Thus, the abovementioned factors are expected to increase market growth.
However, the high establishment and maintenance expenses are expected to hinder market growth.
Hybrid Operating Room Industry Segmentation
A hybrid operating room enables the patient to get treated within the same facility for procedures with complexities. The availability of multiple types of equipment under the same space saves patients time from multiple surgeries and reduces the cost of procedure and recovery time.
The hybrid operating room market is segmented by equipment (diagnostic imaging systems (angiography systems, MRI systems, CT scanners, and other diagnostic imaging systems), operating room fixtures (operating tables, operating room lights, surgical booms, and other operating room fixtures), and other equipment), application (cardiovascular surgery, neurosurgery, thoracic surgery, orthopedic surgery, and other applications), end user (hospital and surgical centers, outpatient surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the values in USD million for all the above-mentioned segments.
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Other Equipment |
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Cardiovascular Surgery | |
Neurosurgery | |
Thoracic Surgery | |
Orthopedic Surgery | |
Other Applications |
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Hospital and Surgical Centers | |
Outpatient Surgical Centers | |
Other End Users |
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Hybrid Operating Room Market Size Summary
The hybrid operating room market is experiencing significant growth, driven by the increasing demand for minimally invasive surgical procedures and the rise in the geriatric population. These advanced surgical environments integrate diagnostic and image-guided operations, allowing for a seamless transition to open procedures when necessary. The market's expansion is further supported by the growing number of cosmetic and cardiovascular surgeries, which are anticipated to boost the demand for hybrid operating rooms. Despite the challenges posed by the COVID-19 pandemic, which temporarily reduced surgical volumes, the market is recovering and poised for substantial growth due to new initiatives and technological advancements by key industry players.
North America holds a dominant position in the hybrid operating room market, attributed to large investments by hospitals, a developed healthcare sector, and high per capita income. The region's market growth is fueled by increased healthcare expenditures and technological innovations, which enhance surgical capabilities. The rising prevalence of cardiovascular diseases and the corresponding demand for heart surgeries are also contributing to market expansion. While the market faces challenges such as high establishment and maintenance costs, the ongoing demand for hybrid operating rooms and the efforts of major companies are expected to drive continued growth in the coming years.
Hybrid Operating Room Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Adoption of Minimally Invasive Methods
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1.2.2 Rising Geriatric Population Base
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1.2.3 Technological Advancements
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1.3 Market Restraints
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1.3.1 High Establishment and Maintenance Expenses
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Equipment
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2.1.1 Diagnostic Imaging Systems
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2.1.1.1 Angiography Systems
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2.1.1.2 MRI Systems
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2.1.1.3 CT Scanners
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2.1.1.4 Other Diagnostic Imaging Systems
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2.1.2 Operating Room Fixtures
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2.1.2.1 Operating Tables
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2.1.2.2 Operating Room Lights
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2.1.2.3 Surgical Booms
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2.1.2.4 Other Operating Room Fixtures
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2.1.3 Other Equipment
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2.2 By Application
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2.2.1 Cardiovascular Surgery
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2.2.2 Neurosurgery
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2.2.3 Thoracic Surgery
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2.2.4 Orthopedic Surgery
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2.2.5 Other Applications
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2.3 By End User
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2.3.1 Hospital and Surgical Centers
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2.3.2 Outpatient Surgical Centers
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2.3.3 Other End Users
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Hybrid Operating Room Market Size FAQs
What is the current Hybrid Operating Room Market size?
The Hybrid Operating Room Market is projected to register a CAGR of 12.81% during the forecast period (2024-2029)
Who are the key players in Hybrid Operating Room Market?
Koninklijke Philips N.V., GE Healthcare, Steris PLC, NDS Surgical Imaging, LLC and Trumpf Medical` are the major companies operating in the Hybrid Operating Room Market.