The global operating room management market size is projected to reach USD 4.4 billion by 2025, at a CAGR of 12.4%. Growth in this market can be attributed to factors such as the emphasis on cost control and efficiency improvement in hospitals, growing adoption of EHRs and other HCIT solutions, favorable government support, redevelopment projects, and the availability of funding to promote OR infrastructure. However, a dearth of skilled surgeons in integrated operating rooms and the high prices and maintenance costs of ORM software are expected to hinder the market growth. 

The overall cost of healthcare delivery has grown significantly over the last few decades, mainly due to increasing health insurance premiums, the rising demand for quality healthcare services, rising geriatric population, and the increasing incidence of chronic disorders. 

Another important factor attributing to rising healthcare costs is the high dependency on traditional and outdated methods such as paper-based patient records, which leads to an increase in readmission rates, medical errors, and administration costs.

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The operating room management market includes Tier I and II vendors like Epic Systems Corporation (US), Cerner Corporation (US), MEDITECH (US), GE Healthcare (US), and Allscripts, among others. The companies have a large market spread across various countries in North America, Europe, Asia Pacific, and the Rest of the World. The global COVID-19 outbreak has positively impacted the business to a certain extent. Companies are opting for operating room management solutions to achieve higher operational efficiency, leading to shorter waiting times and enhanced patient access, especially in these times of pandemic.

The software component is projected to grow at the highest CAGR during the forecast period

Based on the component, the operating room management market is segmented into software and services. The software segment is expected to account for the largest share of the market in 2020. This segment is also expected to grow at the highest CAGR during the forecast period. The large share and high growth can be attributed to the growing installation of ORM software.

The operating room supply management solutions segment is expected to register the highest CAGR during the forecast period

Based on solutions, the market is broadly segmented into data management & communication solutions, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and other solutions (including temperature management solutions and humidity management solutions). The data management & communication solutions segment is expected to dominate the market, by solution, in 2020.