Market Trends of Global Operating Room Management Industry
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.
