Market Trends of Global Operating Room Integration Industry
This section covers the major market trends shaping the Operating Room Integration Market according to our research experts:
The Cardiovascular Surgery Segment is Expected to Hold a Major Market Share in the Operating Room Integration Market
The sudden outbreak of COVID-19 seemed to impede the growth of the market due to the sudden imposition of restrictions across the world by different governments. This reduced the manpower in the supply chain and also affected the manufacturing processes as well. However, the relaxation of strict lockdowns during the post-pandemic period has increased the patient influx and thereby propelling the growth of the market.
The Cardiovascular surgery segment is expected to hold a dominating share in the studied market owing to the surge in cardiovascular diseases and related surgeries across the globe. For instance, The data published by the European Heart network in 2021 reported that in the European Union, more than 60 million people live with cardiovascular disease and that close to 13 million new cases of cardiovascular diseases are diagnosed every year. Moreover, with the rising burden of diseases caused by unhealthy lifestyles, such as obesity, being overweight is expected to drive the growth of the market. The article published by A-mansia Biotech in 2020 states that more than 2 billion adults 18 years and older were overweight across the world. Of these, over 650 million were obese in the world. The World Health Organization (WHO) published in 2021 that modifiable behavioral risk factors such as tobacco use account for over 7.2 million deaths every year, and 1.6 million deaths annually can be attributed to insufficient physical activity. As per the study published by the British Heart Foundation in 2021, Around 371,000 heart procedures and operations in England in 2020. Also, the article published by the American Heart Association in 2021, Approximately 40,000 children undergo congenital heart surgery in the United States each year. Such an increasing number of cardiovascular surgeries leads to the rise in the demand for cardiovascular surgery and better operating room integration procedures.
Thus, the above-mentioned factors are expected to drive the growth of the studied segment during the forecast period.
North America is Expected to Hold a Significant Share in the Market and is expected to do the Same in the Forecast Period.
The United States is likely to command the global market due to the growing prevalence of chronic diseases and the rising adoption of advanced surgical treatment methodologies in the region. For instance, as per the National Center for Chronic Disease Prevention and Health Promotion (January 2021), 6 in 10 adults in the United States have a chronic disease, and 4 in 10 adults have two or more chronic diseases, and these conditions are posing around USD 3.8 trillion of healthcare costs on the country's healthcare system. Furthermore, due to the high growth potential of the United States operating room integration market, the companies operating in the country are filing for market strategies to have the edge over their competitors, which is further expected to augment the growth of the studied market in the country over the forecast period. For instance, in June 2021, Getinge revealed that it released the 'Torin' AI-based OR management system in the United States.
Additionally, an increase in research and development activities, quick adaptability to advanced technology, and the presence of favorable healthcare infrastructure are fueling the growth of the overall regional market to a large extent.
