Operating Room Management Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 12.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Operating Room Management Market Analysis
The operating room management market is expected to register a healthy CAGR of nearly 12.7 % during the forecast period (2022-2027).
COVID-19 has a significant impact on the operating room management market due to the need for the management of patients and staff in hospitals. For instance, according to the study titled 'Exploring the experiences of operating room health care professionals from the challenges of the COVID-19 pandemic' in December 2021, the lack of clear guidelines during the COVID-19 epidemic caused operating room staff to feel unsure and confused. As a result, the quality of care and patient safety were impacted by the COVID-19 pandemic. This might have led to the rise in demand for the adoption of operating room management solutions, driving the market growth.
The factors such as advancements in technologies, like robot-assisted surgeries, increasing number of minimally invasive surgeries, and rising inclination toward non-invasive surgical procedures are the major driving factors for the growth of the operating room management market.
Furthermore, operating room management solutions provides a mechanism that enables accurate and quick collection of data on management resources, time, inventory, and cost, and then by analyzing the data. It also delivers mechanisms and services that can provide support from an overall perspective ranging from procedure planning to revenue management, operational visualization, and improvement suggestions. The varied benefits of operating room management solutions will lead to high adoption of these solutions, driving the market growth to ease the management in hospitals.
In addition, increasing investments by the governments and venture capitalists, favorable reimbursement policies, and rising in awareness regarding technologies propel the growth of the market. However, the expenses involved in establishing efficient patient management system and operating room management system and maintaining the technology are very high.
Moreover, rising initiatives from the key market players in the market will lead to the launch of innovative products in the market, driving the market growth. For instance, in January 2021, LeanTaaS, a leading Silicon Valley based software innovator that increases patient access and transforms operational performance for healthcare providers launched new modules for its existing suite of iQueue for Operating Rooms, Infusion Centers, and Inpatient Beds products. Therefore, the launch of innovative modules for the operating room suites, will therefore lead to rise in adoption, driving the market growth.
However, high setup cost for patient engagement solutions and the lack of properly skilled technicians who can manage the systems is restraining the market growth.
Operating Room Management Market Trends
This section covers the major market trends shaping the Operating Room Management Market according to our research experts:
Software Segment holds a Major Share in the Operating Room Management Market
Utilizing operating rooms effectively is crucial since they are a significant resource bottleneck and a significant source of revenue for hospitals. The high level of complexity that results in operating room administration calls for ongoing process analysis and the application of decision support systems and rise the demand for operating room managment software that may ease the process.
Committed to optimizing the patient journeys and throughput, the operating room management software tackles complex patient-centric care delivery processes and streamlines them to enhance the patient's experiences and healthcare provider's performance. The healthcare software for operating room and patient management, including anesthesia and surgery management, generally elevate the performances of the operating rooms, with solutions that help to improve the financial, clinical, and operational outcomes. Therefore, the varied benefits of operating room management software will lead to rise in adoption, driving the market growth.
In addition, rising partnerships among the key market players is also expected to drive this segment growth. For instance, in November 2021, Surgio Health, a software provider for the operating room (OR) partnered with DARVIS (Data Analytic Real-World Visual Intelligence System), a pioneer in the digitization of hospital logistics, hygiene, and process documentation through Artificial Intelligence (AI) technology. This will levarage the operating room softwares, thereby lead to rise in adoption of operating room management software with AI technolgy, driving this segment growth.
Therefore, owing to the above mentione factors, this segment is expected to drive over the forecast period.
North America is Expected to Hold a Significant Share in the Operating Room Management Market
North America is the largest region in the operating room management market, globally, due to the presence of a large number of well-established market players, a rapid increase in investments, and a high inclination toward minimally invasive methods, among others.
Furthermore, huge availability of funds for the healthcare sector's development, high adoption of technological advancements, increase in the prevalence of chronic diseases, rise in patient visits to physicians, etc. are driving the operating room management market in North America.
The rising innovative strategies by the key market players in the United States are further expected to drive the market in this region. For instance, in July 2021, Hillrom launched Helion Integrated Surgical System in the United States market, advancing connected care in the operating room (OR). The Helion System provides connectivity, flexibility, and efficient staff communications among surgical teams in the operating room to enhance patient outcomes. Such launches will lead to increased adoption of operating management solutions, driving the market growth in the United States.
Moreover, fundraising by the companies for the development of operating room management solutions will lead to the launch of innovative products in the market, thereby drive the market growth over the forecast period in this region. For instance, in April 2021, Caresyntax has raised USD 100 million for the advancement of technology in operating room management solutions. Caresyntax's digital surgery platform uses proprietary software and artificial intelligence (AI) to analyze large volumes of real-world data in and around the operating room (OR). Such advancements will lead to rise in adoption of these softwares, driving the market growth in this region.
Therefore, owing to the above mentioned factors, the market for operating room managment is expected to drive in North America.
Operating Room Management Industry Overview
The operating room management market is highly fragmented. The market players are continuously focusing on acquisitions, mergers, provisions of customized solutions, and expansions in the untapped commercial markets. Moreover, companies are investing huge amounts in developing new products and platforms with enhanced and improved features, as part of their commercialization strategies. Some of the key players in the market include Allscripts Healthcare Solutions Inc., Becton, Dickinson and Company, Cerner Corp, Getinge AB, McKesson Corp, Nexus AG, Omnicell Inc., Optum Inc., Richard Wolf GmbH, and Steris Plc, among others.
Operating Room Management Market Leaders
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Cerner Corporation
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Nexus AG
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Getinge AB
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Optum Inc.
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Altera Digital Health Inc
*Disclaimer: Major Players sorted in no particular order
Operating Room Management Market News
- In June 2022, Proximie successfully raised USD 80 million in Series C equity financing to accelerate the development and scale of Proximie's Operating System for the operating room, a centralized platform delivering connected surgical care.
- In March 2022, Medtronic entered into a contract with Vizient to add touch surgery enterrprise, AI-powered surgical video management and analytics platform for the operating room (OR), to Vizient's offerings.
Operating Room Management Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Requirement for Efficient Improvement in the Operating Room (OR)
- 4.2.2 Emphasis on the Reduction of Cost in the OR
- 4.2.3 Increasing Number of Surgical Procedures
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4.3 Market Restraints
- 4.3.1 High Setup Cost for Patient Engagement Solutions
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 Component
- 5.1.1 Software
- 5.1.2 Services
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5.2 Solution
- 5.2.1 Data Management and Communication Solution
- 5.2.2 Anesthesia Information Management System
- 5.2.3 Operating Room Supply Management Solution
- 5.2.4 Operating Room Scheduling Solution
- 5.2.5 Performance Management Solution
- 5.2.6 Other Solutions
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5.3 Delivery Mode
- 5.3.1 On-premise Solution
- 5.3.2 Cloud-based Solution
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5.4 End User
- 5.4.1 Hospital
- 5.4.2 Ambulatory Surgery Center
- 5.4.3 Other End Users
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 Europe
- 5.5.2.1 Germany
- 5.5.2.2 United Kingdom
- 5.5.2.3 France
- 5.5.2.4 Italy
- 5.5.2.5 Spain
- 5.5.2.6 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 China
- 5.5.3.2 Japan
- 5.5.3.3 India
- 5.5.3.4 Australia
- 5.5.3.5 South Korea
- 5.5.3.6 Rest of Asia-Pacific
- 5.5.4 Middle East and Africa
- 5.5.4.1 GCC
- 5.5.4.2 South Africa
- 5.5.4.3 Rest of Middle East and Africa
- 5.5.5 South America
- 5.5.5.1 Brazil
- 5.5.5.2 Argentina
- 5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Altera Digital Health Inc.
- 6.1.2 Cerner Corporation
- 6.1.3 Becton, Dickinson and Company
- 6.1.4 Getinge AB
- 6.1.5 Omnicell Inc.
- 6.1.6 Optum Inc.
- 6.1.7 Nexus AG
- 6.1.8 MEDITECH
- 6.1.9 Steris PLC
- 6.1.10 Picis Clinical Solutions
- 6.1.11 Surgical Information Systems
- 6.1.12 McKesson Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityOperating Room Management Industry Segmentation
The operating room (OR) environment is cost-intensive, owing to the high capital cost per unit of output, and hence it should be managed efficiently. Operating room management refers to the scientific procedures involved in managing an operating room suite, and it focuses on maximizing the operational efficiency at the facility, i.e. maximizing the number of surgical cases, which can be performed in a given period of time while reducing the required resources and related costs as much as possible. The Operating Room Management Market is segmented by Component (Software, Services), Solution (Data Management and Communication Solution, Anesthesia Information Management System, Operating Room Supply Management Solution, Operating Room Scheduling Solution, Performance Management Solution, Other Solutions), Delivery Mode (On-premise Solution, Cloud-based Solution), End User (Hospital, Ambulatory Surgery Center, 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 value (in USD million) for the above segments.
| Component | Software | |
| Services | ||
| Solution | Data Management and Communication Solution | |
| Anesthesia Information Management System | ||
| Operating Room Supply Management Solution | ||
| Operating Room Scheduling Solution | ||
| Performance Management Solution | ||
| Other Solutions | ||
| Delivery Mode | On-premise Solution | |
| Cloud-based Solution | ||
| End User | Hospital | |
| Ambulatory Surgery Center | ||
| Other End Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Operating Room Management Market Research FAQs
What is the current Global Operating Room Management Market size?
The Global Operating Room Management Market is projected to register a CAGR of 12.70% during the forecast period (2024-2029)
Who are the key players in Global Operating Room Management Market?
Cerner Corporation, Nexus AG, Getinge AB, Optum Inc. and Altera Digital Health Inc are the major companies operating in the Global Operating Room Management Market.
Which is the fastest growing region in Global Operating Room Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Operating Room Management Market?
In 2024, the North America accounts for the largest market share in Global Operating Room Management Market.
What years does this Global Operating Room Management Market cover?
The report covers the Global Operating Room Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Operating Room Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Operating Room Management Industry Report
Statistics for the 2023 Operating Room Management market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Operating Room Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
