Hybrid Operating Room Market Size
| 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 Market Trends
This section covers the major market trends shaping the Hybrid Operating Room Market according to our research experts:
Cardiovascular Segment is Expected to Hold a Significant Market Share During the Forecast Period
Hybrid cardiovascular interventions integrate techniques for cardiac and vascular surgeries with the aim of minimizing invasiveness. Hybrid procedures such as transcatheter aortic valve replacement (TAVR), endovascular thoracic (TEVAR) or abdominal (EVAR) aortic repair, and combined percutaneous coronary intervention (PCI) with structural heart intervention are now being implemented, thereby maximizing the benefits of the procedure in lesser time for the patients. With documented enhanced results being delivered by these procedures compared to traditional surgeries and decreasing patient procedural duration, the demand for these hybrid procedures is increasing among patients.
The most frequent type of heart surgery is coronary artery bypass graft surgery, often known as coronary artery bypass or bypass surgery, according to the Cedars-Sinai. Annually, more than 300,000 Americans undergo a successful bypass surgery. The CDC estimated that 20.1 million patients aged 20 and above would have coronary heart disease in the United States. Additionally, according to CDC statistics, a heart attack occurs every 40 seconds, and every year, nearly 805,000 Americans experience a heart attack. Thus, it is anticipated that the rising prevalence of cardiovascular diseases will increase the demand for heart surgeries and increase the need for hybrid operating rooms in healthcare facilities.
Hence, the increasing number of heart surgeries is predicted to fuel the growth of the market studied over the forecast period.
North America is Expected to Hold Significant Share in the Market Over the Forecast Period
Large investments made by hospitals, increasing demand for minimally invasive operations, and the developed healthcare sector with many well-known firms are the key factors responsible for the dominance of North America in the hybrid operating rooms market. In addition, the North American market is expanding due to high per capita income, increased patient visits to doctors, and technical developments brought on by abundant funding. According to data from the American Hospital Association (AHA), in 2022, there were 6,093 operating hospitals in the United States as opposed to 5,534 in 2016. Therefore, a sharp expansion in hospital capacity and rising hospital admissions are anticipated to boost surgical procedures and the demand for related equipment. This opens up the possibility of increasing the demand for surgical rooms in hospital settings, which is anticipated to accelerate market growth in the country.
Moreover, public and private sector healthcare expenditures have increased in Canada in recent years. This is also increasing opportunities for the surgical case carts market. For instance, the data updated by Canadian Institute for Health Information in November 2021 shows that Canada invested USD 230,005 million and USD 78,038.3 million in the public and private sectors, respectively, in 2021. Thus, the increasing healthcare expenditure is predicted to impact the development and restructuring of healthcare settings in the country.
Thus, the abovementioned factors are expected to increase the market growth.
Hybrid Operating Room Industry Overview
The hybrid operating rooms market is consolidated due to high research costs for making compatible equipment and producing large equipment. However, the market is expected to grow due to factors such as initiatives taken by key market players and increasing demand for hybrid operating rooms. Some key players in this market include Koninklijke Philips NV, General Electric Company, Trumpf Medical, Steris PLC, and Toshiba Corporation.
Hybrid Operating Room Market Leaders
Koninklijke Philips N.V.
GE Healthcare
Steris PLC
NDS Surgical Imaging, LLC
Trumpf Medical`
*Disclaimer: Major Players sorted in no particular order
Hybrid Operating Room Market News
- June 2022: Promaxo Inc. launched its in-office MRI system at the East Valley Urology Center. It is a single-sided MRI with an AI-based imaging system.
- January 2022: The integration of MAVIG's products, such as MAVIG's Hybrid Central Axis, was initiated in hybrid operating rooms.
Hybrid Operating Room 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
4.2 Market Drivers
4.2.1 Increasing Adoption of Minimally Invasive Methods
4.2.2 Rising Geriatric Population Base
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 High Establishment and Maintenance Expenses
4.4 Porter's Five Force 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)
5.1 By Equipment
5.1.1 Diagnostic Imaging Systems
5.1.1.1 Angiography Systems
5.1.1.2 MRI Systems
5.1.1.3 CT Scanners
5.1.1.4 Other Diagnostic Imaging Systems
5.1.2 Operating Room Fixtures
5.1.2.1 Operating Tables
5.1.2.2 Operating Room Lights
5.1.2.3 Surgical Booms
5.1.2.4 Other Operating Room Fixtures
5.1.3 Other Equipment
5.2 By Application
5.2.1 Cardiovascular Surgery
5.2.2 Neurosurgery
5.2.3 Thoracic Surgery
5.2.4 Orthopedic Surgery
5.2.5 Other Applications
5.3 By End User
5.3.1 Hospital and Surgical Centers
5.3.2 Outpatient Surgical Centers
5.3.3 Other End Users
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare
6.1.2 Imris, Deerfield Imaging
6.1.3 Johnson & Johnson
6.1.4 Koninklijke Philips N.V.
6.1.5 Mizuho Corporation
6.1.6 Mizuho Corporation
6.1.7 NDS Surgical Imaging, LLC
6.1.8 Siemens AG
6.1.9 Steris PLC
6.1.10 Stryker Corporation
6.1.11 Toshiba Corporation
6.1.12 Trumpf Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 |
| By End User | |
| Hospital and Surgical Centers | |
| Outpatient Surgical Centers | |
| Other End Users |
| By Geography | ||||||||
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Hybrid Operating Room Market Research 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.
Which is the fastest growing region in Hybrid Operating Room Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hybrid Operating Room Market?
In 2024, the North America accounts for the largest market share in Hybrid Operating Room Market.
What years does this Hybrid Operating Room Market cover?
The report covers the Hybrid Operating Room Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hybrid Operating Room Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hybrid Operating Room Industry Report
Statistics for the 2023 Hybrid Operating Room market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hybrid Operating Room analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
