The major factors driving growth include increased adoption of minimally invasive procedures, rising geriatric population escalating surgical needs, increasing demand to streamline surgical workflow, the shift of TAVI procedures to the integrated environment, and increasing patients’ safety concerns in the OR.
The global OR integration systems market was valued at $11,763.6 million in 2021 and is anticipated to grow to $21,546.1 million by the end of 2031 at a projected CAGR of 6.30% during the forecast period 2022-2031. The aforementioned growth is based on the realistic forecast, which is the most likely growth scenario based on current market conditions. This scenario assumes that there will be no visible impact of COVID-19 beyond 2031. The changes in the market during that timeline will be built upon the developments of this decade.
Key Trends of the global OR Integration Systems Market
The key technological trends anticipated to have maximum influence on the global OR integration systems market during the forecast period 2022-2031 include the incorporation of advanced technologies, integration of software solutions, development of integration solutions that reduce cable clutter, integration of augmented reality (AR) and mixed reality (MR) in the operating room, and voice and gesture recognition in operating room (OR) solutions.
In the short term, the key trends anticipated to impact the global OR integration systems market include the incorporation of advanced technologies and the development of OR integration solutions that reduce cable clutter. During the long-term timeline, the key trend expected to disrupt the global OR integration systems market is the integration of software solutions.
Key Competitors in the Global Operating Room Integration Systems Market
The global operating room systems market comprises five key product types. In terms of technological development in the future, most of the design-level innovation is expected to be focused on user convenience. North America and Europe currently represent the hub of technology innovation.
Market Size and Forecast based on Region
The North America region has one of the most technologically advanced healthcare systems globally. The various factors propelling the growth of the regional market include large manufacturing capacity, growing geriatric population, increased investments by public and private hospitals in North America for the implementation of innovative solutions within operating rooms, the rising number of hospitals, the surge in need to lower healthcare expenditure, and the increasing prevalence of chronic disorders.
In Europe, the increase in the number of procedures being performed in an OR due to a rise in the geriatric population, further complemented by the rising prevalence of chronic disorders and the increase in adoption of minimally invasive procedures along with the presence of a well-established healthcare system across the region are the primary reasons contributing toward the demand for OR integration systems.
The rising geriatric population in the region, which is leading to increased demands for healthcare facilities and minimally invasive procedures, is one of the major factors driving the growth of the OR integration systems market in Asia-Pacific.
The rising demand for medical tourism and the presence of adequate healthcare professionals are some of the factors propelling the market growth of the Latin America OR integration systems market.
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