The number of surgical procedures performed, the adoption of minimally invasive surgeries, technological advancements in hybrid operating room equipment, and the growing number of orthopaedic, cardiovascular, thoracic, and neurological disorder patients are all driving the global hybrid operating room market growth.
According to Emergen Research, the global hybrid operating room market size was USD 925.8 million in 2020 and is expected to reach USD 2366.9 million in 2028 and register a revenue CAGR of 12.4% during the forecast period, 2021-2028.
Market Dynamics:
The global hybrid operating room market is growing in response to rising demand for technologically sophisticated operating rooms and equipment in the healthcare sector. Hybrid operating rooms have become a must-have facility in hospitals in recent years, which is projected to drive market expansion throughout the forecast period. Surgeons can conduct many procedures on the same patient at the same time and in the same location in a hybrid operating room.
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Other factors that contribute to the market’s growth include an increase in the number of hospitals and ambulatory surgery centres, a boost in patient desire for effective and economical surgical care, and a surge in investment in hybrid OR technology. Improved patient outcomes with less intrusive procedures are other elements that are predicted to drive market expansion. However, procedure hazards associated with hybrid operating rooms, as well as high installation and operational costs, are factors that can restrain market growth.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Intraoperative Diagnostic System Component Segment Accounted for Largest Revenue Share:
In 2020, the intraoperative diagnostic system segment generated the most revenue. These devices are commonly employed in minimally invasive surgical procedures and provide surgeons and anaesthesiologists with functional guidance. This segment’s revenue is growing due to an increase in demand for hybrid operating room equipment and an increase in the incidence of chronic diseases that require surgery.
Revenue From Ambulatory Surgical Center to Increase Steadily
The revenue of the Ambulatory Surgical Center (ASC) segment is predicted to grow rapidly over the projection period, as ASCs enable the delivery of more cost-effective services in a less stressful atmosphere than hospitals. ASCs have fully operational operating rooms staffed by competent professionals and need a shorter stay period, which most patients prefer.
Revenue In The Neurosurgical Application Segment To Grow Significantly
Arteriovenous malformations (AVMs), brain aneurysms, carotid artery disease, and arteriovenous fistulas are all common operations performed in hybrid ORs. The neurosurgical segment’s revenue is growing because to an increase in the frequency of neurological illnesses and developments in surgical robotics utilised in hybrid ORs to do precision procedures.
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North America to Account for Largest Revenue Share in Hybrid OR Market:
Because of strong government investment in healthcare infrastructure, the existence of major companies, and high demand for minimally invasive procedures, North America accounted for the largest revenue share in 2020. In addition, an increase in patient visits to physicians, a high per capita income, and technology improvements are fueling market expansion in the region.
Major Companies in the Market Include:
- Toshiba Corporation
- Stryker Corporation
- Koninklijke Philips N.V.
- Getinge AB
- Mizuho Corporation
- Siemens AG
- Steris PLC
- General Electric Company
- Skytron LLC
- Trumpf Medical
For the purpose of this report, Emergen Research has segmented the global hybrid operating room market on the basis of component, application, end-use, and region:
- Component Outlook (Revenue, USD Million; 2018–2028)
- Surgical Instruments
- Audiovisual Display Systems and Tools
- Intraoperative Diagnostic Imaging Systems
- Angiography Systems
- MRI Systems
- CT Scanners
- Other Intraoperative Diagnostic Imaging Systems
- Operating Room Fixtures
- Operating Tables
- Operating Room Lights
- Surgical Booms
- Radiation Shields
- Other Components
- Application Outlook (Revenue, USD Million; 2018–2028)
- Neurosurgical
- Cardiovascular
- Orthopedic
- Thoracic
- Others
- End-use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals and Surgical Centers
- Ambulatory Surgical Centers
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- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Turkey
- Rest of MEA
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