Hybrid Operating Room Market Size, By Component (Surgical Table, Surgical Boom, Surgical Lights, MRI, CT, Angiography, AV Tools), By Application (Cardiovascular, Neurosurgery, Thoracic, Orthopedic), By End-use (Hospitals, Ambulatory Surgical Centers) Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3444
Hybrid Operating Room Market size is projected to experience significant growth from 2019 to 2025.
The increasing adoption of hybrid operating rooms for the treatment of medical disorders, such as cardiovascular, neurosurgery, thoracic, orthopedic, etc., will drive the hybrid operating room market over the forecast period. The hospital segment contributed to a large percentage of the hybrid operating room market due to the high budget of hospitals in comparison to the other such settings.
With technological advancements, the demand for hybrid operating rooms will increase. Innovations in the field of robot-assisted surgeries, the rising number of minimally invasive surgeries, and the growing patient preference for precise & effective surgical treatments are driving the growth of this market. Such factors will boost the hybrid operating room market in the forthcoming years.
Furthermore, the availability of favorable reimbursement policies offers surgeries to several people at an affordable price. Many countries including the U.S. provide reimbursement cover for medical treatment under various insurance schemes to reduce the economic burden. The increasing number of government initiatives pertaining to reimbursement policies across the globe will subsequently increase the demand for hybrid operating room over the forecast period.
Moreover, technological developments pertaining to advancement in the hybrid operating room are major factors that will drive market growth. However, high capital costs related to the hybrid operating room could hamper industry growth.
The cardiovascular segment is expected to grow at the fastest growth rate throughout the forecast period owing to rising cases of cardiovascular cases due to the sedentary lifestyle and rising geriatric population. The key factor contributing to sector growth is the growing healthcare expenditure throughout the globe.
The U.S. dominated the global hybrid operating room market in 2018 owing to the presence of well-developed healthcare infrastructure, skilled professionals, technological advancements as well as the presence of dominant market players in the region. Furthermore, the high healthcare expenditure will fuel market growth.
Japan is expected to witness significant growth in the hybrid operating room market during the analysis period owing to technological advancements, rising disposable incomes, and increasing developments in the healthcare system. The above-mentioned factors will boost the demand for hybrid operating rooms.
Some of the key industry players include Cook Medical Inc., Eschmann Equipment, General Electric Company, Johnson & Johnson, Maquet, Mediflex Surgical Products, Mizuho, NDS Surgical Imaging, Koninklijke Philips, SISCO Ltd., STERIS plc. and Siemens Healthcare GmbH. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launches to expand their business product portfolio.
Hybrid Operating Room Market by Component, 2014-2025 (USD Million)
- Surgical Table
- Surgical Boom
- Surgical Lights
- AV Tools
Hybrid Operating Room Market by Application, 2014-2025 (USD Million)
Hybrid Operating Room Market by End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Cook Medical Inc.
- Eschmann Equipment
- General Electric Company
- Johnson & Johnson
- Mediflex Surgical Products
- NDS Surgical Imaging
- Koninklijke Philips
- SISCO Ltd
- STERIS plc.
- Siemens Healthcare GmbH
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