The global hybrid operating room market size is expected to reach USD 2,366.9 Million at a steady CAGR of 12.4% in 2028, according to latest analysis by Emergen Research. Surge in number of surgical procedures and rising adoption of minimally invasive surgeries are driving market revenue growth to a significant extent.Hybrid Operating Room (OR) is an advanced procedural space which combines traditional OR with an image guided interventional suite. The combination allows performance of highly complex and advanced surgical procedures. The rooms and teams are combined to meet the complex needs of patient surgery. These state-of-the-art spaces allow for the combination of image guided surgeries with open procedures.
The report is updated with the impact of the COVID-19 pandemic on the Hybrid Operating Room market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Hybrid Operating Room market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Hybrid Operating Room market.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Hybrid Operating Room Market
Toshiba Corporation, Stryker Corporation, Koninklijke Philips N.V., Getinge AB, Mizuho Corporation, Siemens AG, Steris PLC, General Electric Company, Skytron LLC, and Trumpf Medical.
Based on the types, the Hybrid Operating Room Market is segmented into:
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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Key Highlights from the Hybrid Operating Room Market
In June 2020, Glenwood Regional Medical Center opened an updated hybrid OR for minimally invasive procedures. The investment brings advanced minimally invasive care to community and offers the hospital’s surgical team with state-of-the-art amenities to treat patients. This results in shorter hospital stays and improved patient outcomes.
Intraoperative diagnostic system segment accounted for largest revenue share in 2020. These systems are widely used in minimally invasive surgical procedures and offer functional guidance to surgeons and anaesthesiologists. Rising incidence of chronic diseases along with increase in demand for hybrid operating room equipment is driving revenue growth of this segment.
Ambulatory Surgical Center (ASC) segment revenue is expected to register a rapid growth rate during the forecast period as ASCs enable delivery of more cost-effective services in an environment that is less stressful than that in hospitals. ASCs are equipped with fully operational operating rooms with skilled professionals and require less stay period, which is favourable among most patients.
Key Questions Answered in the Report:
What is the growth rate of the Hybrid Operating Room market? What is the anticipated market valuation of the Hybrid Operating Room industry by 2028?
What are the key growth driving and restraining factors of the Hybrid Operating Room market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Hybrid Operating Room industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Key Regions Studied in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Hybrid Operating Room market including the global and regional analysis of the market. The study covers critical information and factual data about the Hybrid Operating Room market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Hybrid Operating Room market is expected to fare in the forecast timeline. The report utilizes Hybrid Operating Room analytical tools to offer an estimation of the outlook of the global state of the Hybrid Operating Room market industry.
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