Increase in number of surgical procedures, surge in patient preference for minimally invasive surgeries, and rise in regulatory approvals drive the growth of the global hybrid operating room market. The market across the Asia-Pacific region is projected to register the fastest CAGR of 14.2% during the study period. However, the intraoperative diagnostic system segment dominated the market in 2018.
According to the report published by Allied Market Research, the global hybrid operating room market accounted for $744.1 million in 2018 and is anticipated to garner $1.80 billion by 2026, growing at a CAGR of 11.7% from 2019 to 2026.
Increase in number of surgical procedures, surge in patient preference for minimally invasive surgeries, and rise in regulatory approvals drive the growth of the global hybrid operating room market. On the contrary, the high cost associated with hybrid operating room hinders the market growth. However, untapped potential in emerging countries is expected to create lucrative opportunities in the near future.
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The global hybrid operating room market is segmented on the basis of product, application, and geography. Based on product, the market is bifurcated into the intraoperative diagnostic system, operating room fixtures, communication systems, and others. The communication systems segment is anticipated to manifest the fastest CAGR of 13.7% from 2018 to 2026. However, the intraoperative diagnostic system segment dominated the market in 2018, accounting for more than half of the market.
Based on application, the market is divided into cardiovascular surgery, neurosurgery, thoracic surgery, orthopedic surgeries, and others. The cardiovascular surgery segment held the largest share in 2018, accounting for nearly two-fifths of the global hybrid operating room market. However, the neurosurgery segment is anticipated to manifest the fastest CAGR of 13.2% through 2026.
The global hybrid operating room market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is projected to register the fastest CAGR of 14.2% during the study period. However, the market across North America held the largest share in 2018, accounting for three-fifths of the market.
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Scope of the Report:
| Report Attribute | Details |
| Market size available for years | 2019 – 2026 |
| Base year considered | 2020 |
| Forecast period | 2019 – 2026 |
| Forecast units | Value (USD) |
| Segments covered | By Product, By Application, By Region |
| Geographies covered | North America, Europe, Asia-Pacific, LAMEA |
The global hybrid operating room market report includes an in-depth analysis of the major market players such as Alvo Medical, Getinge AB (MAQUET Holding B.V. & Co. KG), GE Healthcare, IMRIS Inc., Hill-Rom Holdings, Inc. (Trumpf Medical System, Inc.), Mizuho Corporation, Koninklijke Philips N.V., Stryker Corporation, Siemens AG, and Toshiba Corporation (Canon Medical Systems Corporation).
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