Market Size of Global Operating Room Management Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
