A hybrid operating room is a surgical theatre that is equipped with medical imaging devices such as fixed C-Arms, CT scanners, or MRI scanners. It combines developed imaging capability with a full functioning operating room. Hybrid OR is a revolutionary alternative to conventional operating rooms that supports high-quality interventional imaging and complex open and minimally invasive surgeries and allows physicians to perform procedures using real-time image guidance to assess effectiveness and manage perioperative complications, all at once.
The Hybrid Operating Room market is accruing and expected to gain further prominence over the forecast period. According to a recent study report published by the Market Research Future, The global market of Hybrid Operating Room is projected to accrue at a rapid pace during the forecast period. The Market is forecasted to account for upsurge accretions by 2023 with a whooping Double Digit CAGR of 12.5% during 2017 and 2023.
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Various hybrid processes can be performed with a portable e-arm as well as optimal imaging and technical functionality can be operated in a hybrid operating room. There is a worldwide huge demand for technologically advanced operating rooms capable of cardiac catheterization where Physicians can perform advent combinations of endovascular, laparoscopic or open procedures in the same OR using advanced angiography image guidance. This demand is augmented adding fuel to the growth of the global hybrid operating room market. In the last few years, hybrid operating room has become a must have facility in hospitals, which is expected to boost the growth of the market over the forecast period. Additionally, burgeoning demands from patients to experience benefits of reduced trauma and faster recovery associated with minimally invasive surgery and interventional procedures is fostering the market growth of Hybrid Operating Rooms Markets.
However, High cost, space and required time associated with the implementation process of a hybrid OR is posing a challenge to the market growth.
Funding, planning, designing, and implementing a hybrid OR is a complex and error-prone undertaking. In the current environment of healthcare reform and cost containment, healthcare executives are advised to carefully assess the technology marketplace and cost, the typical procedures, and space requirements before making procurement and installation decisions. The technological development is rapidly progressing towards the area of image correlation. Data from various modalities such as ultrasound, x-ray, and MRI is merged and complement one another with minimal x-ray exposure and contrast media. The convergence between Hybrid OR systems and the devices will also play a vital role in the future posing a challenge for manufacturers and users.
Hybrid Operating Room Market – Competitive Analysis
Characterized by the presence of several major players, having international recognition; the global market of Hybrid Operating Room appears to be highly fragmented and competitive. Marketers compete based upon price, brand reinforcement and technology or product launch. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
Oct.2, 2017 – St. Mary’s Medical Center (Huntington, W.Va.) inaugurated the area’s first Hybrid Operating Room in their facility.
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Hybrid Operating Room Market – Regional Analysis
The market is segmented into four regions namely America, Europe, Asia Pacific and the Middle East & Africa. America commands the largest market share due to a huge investment for research and development in healthcare and strong economic conditions. Increasing number of surgeries, rising popularity of hybrid operating room will boost the growth of the market over the forecast period.
Europe is the second largest market for hybrid operating room followed by Asia Pacific on account of availability of funds for research and development activities and growing emphasis on research in healthcare domain. Asia Pacific shows the fastest growth in this market due to an increasing prevalence of communicable diseases and a number of surgeries. Additionally, India and China have started investing in research and development of the healthcare sector.
The Middle East & Africa own the least share in the global hybrid operating room market due lack of availability of skilled labour and poor economic condition in medical facilities.
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