Operating Room Management Market Worth 3.41 Billion USD by 2022
PUNE, India, October 3, 2017 /PRNewswire/ --
According to a new market research report "Operating Room Management Market by Solution (OR Supply, Data Management, Communication, Anesthesia Information Management, Performance Management), Delivery Mode (On-premise, Cloud-based), End User (Hospital, Ambulatory Surgery) - Global Forecast to 2022", published by MarketsandMarkets™, the global market is expected to reach USD 3.41 Billion by 2022 from USD 2.01 Billion in 2017, at a CAGR of 11.2%.
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The growth of the market can be attributed to the emphasis on cost control, efficiency improvement in ORs, redevelopment projects & funding to improve OR infrastructure, growing prevalence of diseases, rising geriatric population, and the increasing demand for OR supply management software.
The data management & communication solutions segment accounted for the largest share of the market in 2016
By solution, 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 (temperature management solutions and humidity management solutions). The data management & communication solutions segment is expected to dominate the market in 2017. The large share of the data management & communication solution segment can be attributed to the wide applications of these solutions in the perioperative stages of OR management.
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The on-premise delivery mode is expected to hold the largest share of the market in 2017
On the basis of delivery mode, the market is segmented into on-premise solutions, web-based solutions, and cloud-based solutions. The on-premise solutions segment is expected to dominate the market in 2017. The largest share of this market can be attributed to the high demand for these solutions among end users owing to advantages such as the easy implementation of backup and disaster recovery systems and ability to reuse existing servers and storage hardware.
The software segment to dominate the ORM market in 2017
By component, the market is segmented into software and services. The software segment is expected to dominate the market in 2017. This segment is also expected to grow at the highest CAGR during the forecast period. The large share of this segment can primarily be attributed to the growing installation of ORM software, coupled with the high cost of software and other associated costs such as licensing.
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Based on end user, hospital segment to hold the largest market share in 2017
Based on the end user, the global Operating Room Management Market is divided into hospitals and ambulatory surgery centers. In 2017, the hospitals segment is expected to account for the largest share of the global Operating Room Management Market. As hospitals comprise multiple operating rooms, the demand for ORM solutions is higher among these end users owing to the requirement of efficiently managing a large number of surgery cases and maintaining a record of different surgeons and their availability.
North America dominated the market in 2016
North America accounted for the largest share of the market in 2016, followed by Europe. The largest share of the North American market is attributed to increasing hospital expenditure and a large number of operating room procedures in this region. The APAC region is expected to grow at the highest CAGR over the next five years. The increasing need to curb healthcare costs, investments & reforms to modernize the healthcare system, and to improved IT infrastructure are driving the growth of Operating Room Management Market in this region.
The key players in the global Operating Room Management Market are GE Healthcare (US), McKesson Corporation (US), Cerner Corporation (US), and Becton, Dickinson and Company (US). Some of the other players competing in this market are Becton, Dickinson and Company (US), Surgical Information Systems (US), Optum (US), MEDITECH (US), Picis Clinical Solutions (US), Getinge AB (Sweden), and STERIS (US).
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