Operating Room Management Market Scope of Current and Future, Key Players Analysis by 2025
According to the new market research report "Operating Room Management Market by Solution (OR Supply, Data Management, Communication, Anesthesia Information Management, Performance Management), Delivery Mode (On-premise, Cloud-based), End User, Region – Global Forecast to 2025", published by MarketsandMarkets™, the Operating Room Management Market is expected to reach USD 4.4 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 12.4%.
Browse in-depth TOC on "Operating Room Management Market"
138 – Tables
40 – Figures
176 – Pages
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The 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 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).
Different governments and healthcare systems worldwide are now focusing on controlling rising healthcare costs by minimizing patient readmissions, medical errors, and administration costs with the effective utilization of various healthcare IT solutions. Operating rooms or ORs account for 40% of the total hospital expenses and constitute ~70% of the total revenue generated.
Thus, the effective management of operating rooms by consolidating and organizing all patient data for the surgical staff during a procedure and streamlining information across multiple platforms is regarded as one of the key areas for reducing healthcare costs. As a result, the growing emphasis on cost control and efficiency improvement in hospitals is expected to support the growth of this market in the coming year.
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