Hybrid Operating Room Market Size to Reach USD 2,366.9 Million in 2028 Growing at a CAGR of 2.7%, according to Emergen Research

Emergen Research has published its latest report titled “Hybrid Operating Room Market Size, Share, Trends, By Component (Surgical Instruments, Audiovisual Display Systems and Tools, Intraoperative Diagnostic Imaging Systems, Operating Room Fixtures), By Application, By End-use, and By Region and Country Forecast to 2028”

According to Emergen Research, the global hybrid operating room market size was USD 925.8 Million in 2020 and is expected to reach USD 2,366.9 Million in 2028 and register a revenue CAGR of 12.4% during the forecast period, 2021-2028.

Market Dynamics:

A hybrid operating room is a surgical suite having advanced medical imaging technologies (such as magnetic resonance imaging (MRI) scanners), where minimally invasive surgeries (such as Endovascular Aneurysm Repair (EVAR)) and advanced medical procedures are carried out. The majority of hybrid operating room requirements revolve around bringing imaging into surgery, such as CT, C-arm, or other types of imaging. Bringing imaging into or near the operating space eliminates the need for the patient to be relocated during surgery, which reduces risks and inconvenience. Hybrid ORs make the transition from minimally invasive surgery to open surgery as painless as possible by combining all of the necessary skills and staff in one location. It has also resulted in the development of new procedures, giving patients with complex diseases more options, which drive global hybrid operating room market revenue growth over the forecast period.

Increasing number of patients suffering from neurological diseases, cardiovascular diseases (CVDs) such as heart attack, surge demand for hybrid operating rooms in the market. According to recent World Health Organization (WHO) report, 17.9 million people die each other from CVDs globally. Further, ongoing technological advancements such as overlay of 3D information on top of 2D fluoroscopy opens up wider scope for hybrid operating rooms. Hybrid ORs are complex environments that necessitate strong project management skills (from project organization to integration) in order to be installed successfully. Therefore, high capital investments on project planning and installation of advanced technologies is required which can restrain market growth to a certain extent.

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COVID-19 Impact Analysis  

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Audiovisual display systems and tools Segment Revenue to Expand at a Rapid CAGR:

Audiovisual display systems and tools segment is expected to register a rapid revenue CAGR over the forecast period.  Many possibilities emerge as a result of audio-visual integration, such as how and when healthcare practitioners can examine photographs. The recording of medical operations is becoming the new standard, and is greatly boosting the possibilities for medical training.

Hospitals and Surgical Centers Segment to Register Significant Revenue Growth:

Hospitals and surgical centers segment is expected to register significant revenue growth over the forecast period due to growing elderly population, increasing number of hospitals in developing countries due to government initiatives to robust healthcare infrastructure, rising patient preference for more timely disease management and increasing private investments on implementation of advanced technologies in surgical centers.

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share in the global market over the forecast period due to increasing demand for minimally invasive procedures, technological advancements in healthcare sector, and favorable government policies. Further, increasing patient visits to physicians due to growing awareness regarding regular health checkups are other factors expected to contribute to market growth in the region.

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Major Companies in the Market Include:

  • Toshiba Corporation
  • Stryker Corporation
  • Koninklijke Philips N.V.
  • Getinge AB
  • Mizuho Corporation
  • Siemens AG
  • Steris PLC
  • General Electric Company
  • Skytron LLC
  • Trumpf Medical

For the purpose of this report, Emergen Research has segmented the global hybrid operating room market on the basis of component, application, end-use, and region:

Component Outlook (Revenue, USD Million; 2018–2028)

  • Surgical Instruments
  • Audiovisual Display Systems and Tools
  • Intraoperative Diagnostic Imaging Systems
    • Angiography Systems
    • MRI Systems
    • CT Scanners
    • Other Intraoperative Diagnostic Imaging Systems
  • Operating Room Fixtures
    • Operating Tables
    • Operating Room Lights
    • Surgical Booms
    • Radiation Shields
  • Other Components

Application Outlook (Revenue, USD Million; 2018–2028)

  • Neurosurgical
  • Cardiovascular
  • Orthopedic
  • Thoracic
  • Others

End-use Outlook (Revenue, USD Million; 2018–2028)

  • Hospitals and Surgical Centers
  • Ambulatory Surgical Centers

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/hybrid-operating-room-market

Regional Outlook (Revenue, USD Million; 2018–2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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