Hybrid Operating Room Market Size, Revenue Analysis, Industry Outlook, Forecast Till 2027
| Hybrid Operating Room Market |
Hybrid Operating Room (Hybrid OR) is an advanced surgical theatre that is highly equipped with futuristic medical imaging devices such as fixed C-Arms, and CT/ MRI scanners, and others so as to combine developed imaging capability with a fully functioning operating room. In Hybrid OR settings, various hybrid processes can be performed with a portable e-arm as well as optimal imaging and technical functionality.
Recognizing
the traction the market is vibrating currently with and the potential this
market holds to grow further, Market Research Future (MRFR) in its recently
published study report asserts that the global Hybrid Operating Room market is expected to
evaluate at exponential value by 2023, registering an impressive CAGR of 12.5%
over the assessment period (2017 – 2023).
Augmenting
demand for state of the art operating rooms heading with growing demand for
technologically advanced surgical process and an upsurge in the caregiving
facilities drive the market growth of hybrid operating room. Technical
advancements transpired in the healthcare domain across the globe, is acting as
a key driving force to escalate the market growth to furthered heights.
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A hybrid
operating room has become an integral part of hospitals and clinical setting,
providing good outcomes by improving the surgical processes. This prominence is
garnering huge popularity for Hybrid OR, leading to increase its adoption.
Burgeoning healthcare sector worldwide, along with the proliferation of care
facilities define the growing market landscape of Hybrid OR.
Over the
last decade, the healthcare industry is growing by leaps and bound due to the
ever-increasing population prompting a tremendous need for effective treatment
and care. Besides a large number of market players providing technologies and
equipment required in a Hybrid OR fosters the market growth across the globe.
Simultaneously, the availability of advanced solutions that are enhancing the
performance of healthcare professionals and caregiving facilities with improved
surgical processes contributes to the market growth.
On the
other hand, the high cost required for the initial set-up, installations and
maintenance of a hybrid OR is expected to act as a headwind, impeding the
market growth. However, the efficacy that an efficient hybrid OR provides is
expected to support the market growth during the assessment period.
Global
Hybrid Operating Room Market - Segments
MRFR has
segmented its analysis into four key dynamics for enhanced understanding.
By
Techniques : Fluoroscopy and Data Acquisition, Rotational Angiography, and
Digital Subtraction Angiography among others.
By
Applications : Cardiovascular Surgery, Neurosurgery, Thoracic Surgery, and
Endo-Bronchial Procedures among others.
By
End-Users : Hospitals, Clinics, and Medical Research Firms, among others.
By Regions : Europe, North America, APAC and the Rest-of-the-World.
Global
Hybrid Operating Room Market – Geographical Analysis
Globally,
the North American region is dominating the global Hybrid OS market owing to
substantial investments transpired into R&D activities in healthcare. The
well-developed economy of this region is fostering the market growth. Besides,
the presence of many key players is positively impacting the market growth in
the region.
Besides,
some factors such as increasing number of surgeries, rising popularity of
hybrid operating room, growing digital advancements in medical technology, and
extensive uptake of Hybrid OS in the hospital and clinical settings are
propelling the market growth in the region.
The European
region is another lucrative market for hybrid operating room standing at the
second position. The market is heading with the augmenting demand for Hybrid OR
in clinical settings. Undoubtedly, the resurging economy in the region is a
dominant factor substantiating the market growth, increasing healthcare
facilities. Also, the increased funding in the rising numbers of specialty
services offered by various health care providers provides impetus to the
market growth in the region.
The hybrid
OR market in the Asia Pacific region is rapidly emerging as a promising market.
Burgeoning healthcare sector along with the increasing prevalence of chronic
diseases and increasing number of surgeries defines the market landscape in the
region. Furthermore, rapidly improving economic conditions along with the
market penetration of healthcare technology in the region provide impetus to
the market growth in the APAC. Additionally, the hybrid OR market in the APAC
with some of its untapped regions offers high growth opportunities.
Global
Hybrid Operating Room Market - Competitive Landscape
Highly
competitive hybrid operating room market appears to be fragmented owing to the
presence of several big & small market players along with new entrants
churning the competition. Key players are adopting the strategic trends for
business expansion in the emerging markets. Key market players are focusing on
optimized situational awareness for customers, ensuring their mission success.
Matured players, through various strategies such as collaboration, M&A
activities, and innovations are continually seeking market expansion.
They
increasingly invest in R&D activities and to develop cost-effective product
portfolio. These players possess state of the art facilities to develop
products and strong sales and distribution network which have helped them to
gain the leadership position in the market. Marketers operating in the market
are focusing on inbound lead generation more than ever. Industry’s marketing
executives look for ROI-oriented strategies that can pay off quickly.
Key
Players:
Some of the
eminent leaders of the market include Eschmann Equipment (UK), Cook Medical
Inc. (US), General Electric Company (US), Maquet Holding BV & Co. KG
(Germany), Johnson & Johnson Services, Inc. (US), Mediflex Surgical
Products (US), NDS Surgical Imaging (US), Mizuho OSI (US), Koninklijke Philips
N.V (the Netherlands), STERIS plc. (US), Siemens Healthcare GmbH (Germany), and
SISCO Ltd (India).
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Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/hybrid-operating-room-market-862
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