Future | Growth | Trends and Analysis For Operating Room Management Market

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The high growth of this segment can primarily be attributed to advantages such as scalable data storage, scalable computing power, machine-learning capabilities, and faster data transfer between organizations of cloud platforms.

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 overall cost of healthcare delivery has grown significantly over the last few decades, mainly due to increasing health insurance premiums, the rising demand for quality healthcare services, rising geriatric population, and the increasing incidence of chronic disorders. 

 

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. 

 

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The increasing burden of cancer, improvements in healthcare infrastructure, a less-stringent regulatory environment, and growing medical tourism are encouraging players in the operating room management market to increase their presence in emerging countries.  

 

The number of independent health care providers has been decreasing as most healthcare providers are turning to mergers, acquisitions, and partnerships and are functioning under a health system rather than operating independently. On a 15-year basis, the percentage of hospitals functioning under a health system has increased from approximately 50% to approximately 65%. Today, over 70% of hospitals are operating as part of a health system rather than independently. 

 

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.  

 

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).  

 

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.

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