Hybrid Operating Room Market

[160 Pages Report] Increasing adoption of minimally invasive surgeries to drive the adoption for Hybrid Operating Rooms; reaching a value of USD 1.17 billion by 2022

The global hybrid operating room market is segmented by component, application, end user and region. Based on component, the hybrid operating rooms market is segmented into intraoperative Diagnostic Imaging systems, operating room fixtures, surgical instruments, audio-visual display systems and tools, and other components. The intraoperative diagnostic imaging systems segment accounted the largest share of the market in 2017; owing to factors such as increasing installation of hybrid ORs across major countries, ongoing integration and automation of OR workflows, and continuous technological advancements in the field of diagnostic imaging.

The global hybrid operating room market is projected to reach USD 1.17 billion by 2022 at a CAGR of 12.5% during forecast period. The major factors driving the growth of the market include the increasing adoption of minimally invasive surgical procedures and ongoing technological advancements.

As of 2016, Koninklijke Philips N.V. (Netherlands) held the leading position in the global hybrid operating room market. Philips Healthcare is one of the leading manufacturers of Intraoperative Imaging systems for hybrid operating rooms and offers integrated image-guided therapy solutions for hybrid operating rooms. The company focuses on increasing its product offerings as well as expanding the application for image-guided systems. In order to strengthen its current position and to gain a larger share in the hybrid operating rooms market, the company aggressively focuses on inorganic and organic business growth strategies such as partnerships, product launches, approvals, and product deployment.

Also, Toshiba (Japan), Siemens (Germany), General Electric Company (US), and Stryker Corporation (US) were few other key players operating in the market.

Target Audience

• Product manufacturers for hybrid operating rooms equipment
• Product suppliers and distributors
• Healthcare service providers [including hospitals, specialty clinics, and ambulatory surgery centers (ASCs)]
• Research laboratories and academic institutes
• Clinical research organizations (CROs)
• Government regulatory authorities
• Independent authorities and non-government organizations

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Scope of the Report

This report categorizes the global market into the following segments and subsegments:

Global Hybrid Operating Room Market, by Component

• Intraoperative diagnostic imaging systems
  • Angiography systems
  • MRI systems
  • CT systems
  • Other intraoperative diagnostic imaging systems
• Operating room fixtures
  • Operating tables
  • Operating room lights
  • Surgical booms
  • Radiation shields
• Surgical instruments
• Audiovisual display systems and tools
• Other components

Global Hybrid Operating Room Market, by Application

• Cardiovascular applications
• Neurosurgical applications
• Thoracic applications
• Orthopedic applications
• Other applications

Global Hybrid Operating Room Market, by End User

• Hospitals and surgical centers
• Ambulatory surgical centers

Note 1: The other intraoperative diagnostic imaging systems include C-arms, Ultrasound systems, and X-ray scanners, among others
2: The other components of hybrid ORs include anaesthesia machines, HVAC systems, hemodynamic monitors, and ventilators, among others
3: Other applications include gynaecological surgeries, urological surgeries, bariatric surgeries, and pediatric surgeries, among others, among others

Global Hybrid Operating Room Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • RoE
• Asia Pacific
  • Japan
  • China
  • India
  • RoAPAC
• Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix which gives a detailed comparison of the product portfolios of the top five companies

Information

• Detailed analysis and profiling of additional market players (up to 5)

Continuous technological advancements in the field of diagnostic imaging to drive the global demand for intraoperative diagnostic imaging systems segment

Specific diagnostic imaging devices are utilized in hybrid operating room settings to address the procedural requirements of healthcare professionals, such as real-time imaging of cardiac anatomies during CVD treatment, advanced brain mapping during cerebrovascular surgery, and orthopedic imaging during accidental trauma management. The major diagnostic modalities utilized in hybrid OR workflows include angiography systems, computed tomography (CT) scanners, and magnetic resonance imaging (MRI) systems. Growth in this market segment can be attributed to factors such as significant installation costs associated with diagnostic imaging products, increasing installation of hybrid ORs across major countries, ongoing integration and automation of OR workflows, and continuous technological advancements in the field of diagnostic imaging.

Intraoperative diagnostic imaging systems is expected to be the key product segment of hybrid operating room market during 2017–2022

Emerging markets (such as India, China, Japan, New Zealand, Indonesia, and South Korea) are expected to offer significant growth opportunities due to the rapid growth in the healthcare expenditure in emerging APAC countries, which will support the adoption of advanced surgical & diagnostic technologies in their respective healthcare systems, presence of large patient population for chronic diseases coupled with the rapidly growing geriatric population, rising awareness of advanced medical imaging technologies, ongoing government initiatives to modernize & expand healthcare infrastructure across emerging Asian countries, continuous reduction in the cost of products associated with hybrid OR settings and growing trend of medical tourism across RoAPAC.

Market Dynamics

Cardiovascular applications segment to register significant demand growth in the hybrid operating room market during the forecast period

Cardiovascular Applications

The cardiovascular applications of hybrid operating room settings include integrated usage of advanced diagnostic as well as surgical devices to assist in cardiovascular surgeries to treat congenital heart diseases, heart valve diseases, coronary artery diseases, and arrhythmias, among others. This segment accounted for the largest share due to the increasing preference of cardiac surgeons for hybrid OR settings during target surgical procedures, growing market trend towards the adoption of endovascular procedures during cardiovascular surgeries, and increased patient emphasis on effective disease management strategies.

Neurosurgery Applications

Hybrid OR settings are increasingly being utilized among neurosurgeons to perform cerebrovascular procedures and also to optimally execute endovascular and surgical procedures for complex neurosurgical cases (such as brain aneurysm, arteriovenous malformations (AVMs), arteriovenous fistulas (AVFs), and carotid artery disease). Some of the major factors driving the growth of hybrid ORs are increasing number of neurological disorders patients, ongoing technological advancements in the field of medical robotics, rising number of minimally invasive neurovascular surgeries.

Thoracic Applications

A hybrid operating room setting is increasingly being used during the surgical treatment of lung cancer, respiratory infections, chest-related trauma cases, and pediatric respiratory disorders, among others. The rising number of thoracic surgeries across the globe coupled with growing awareness of healthcare professionals towards the cost & therapeutic efficacy offered by hybrid ORs, increasing number of cardiothoracic surgeries coupled with rising geriatric population are expected to drive the growth of this segment during the forecast period.

Orthopedic Applications

Hybrid operating rooms coalesce minimally invasive and traditional surgical sciences with advanced imaging modalities (such as MRI scanners, CT scanners, and ultrasound) to perform real-time intra-operative image guidance to evaluate and assess the results of complex orthopedic procedures and to offer effective disease management strategies for improved patient care. Increasing unhealthy lifestyle across mature and emerging countries, growing prevalence of orthopedic disorders (such as osteoarthritis, osteoporosis, osteonecrosis, and bursitis), rising number of orthopedic surgeries (such as hip and knee replacements), and recent technological advancements in the field of robot-assisted orthopedic surgeries are rising the adoption of hybrid operating rooms for orthopedic applications.

Other Applications

Hybrid operating room setting is increasingly being recognized by several healthcare providers for procedural & financial benefits offered during other applications including gynaecological surgeries, urological surgeries, bariatric surgeries, and pediatric surgeries, among others. This segment is expected to witness a sustained growth due to the growing number of target surgical procedures across major markets, increased availability of medical reimbursements for bariatric surgeries across the U.S. & Europe, and rising global prevalence of gynaecological & urological disorders.

Key Questions

• What are the key growth strategies adopted by major global players to penetrate and maintain their position across emerging and established markets?
• What is the developmental pipeline for intraoperative diagnostic imaging systems, operating room fixtures, and other components for major clinical applications?
• Robot assisted surgeries are an emerging trend in the surgical setup. What revenue impact will it have in the coming years on the overall hybrid operating room industry?
• Multidisciplinary approach for hybrid operating rooms is poised to assist surgeons and healthcare providers worldwide. What is the current approach/pipeline of key players to tap into this industry trend?
• What revenue impact will intraoperative diagnostic imaging systems have on growth potential of the overall hybrid operating room industry during the forecast period?

The global hybrid operating room market is expected to reach USD 1,174.9 Million by 2022 from USD 652.0 Million in 2017; growing at a CAGR of 12.5% during the forecast period. Factors such as technological advancements in the field of robot-assisted surgeries, increasing number of minimally invasive surgeries, and growing patient preference for affordable & effective surgical treatments are driving the growth of this market.

The report analyzes the global market by components, application, end user, and region. Based on components, the intraoperative diagnostic imaging systems segment accounted for the largest share owing to the significant installation costs associated with diagnostic imaging products, increasing installation of hybrid ORs across major countries, ongoing integration and automation of OR workflows, and continuous technological advancements in the field of diagnostic imaging.

Cardiovascular applications segment accounted for the largest market share owing to the growing prevalence cardiovascular diseases across the globe and increasing preference of cardiac surgeons for hybrid OR settings during target surgical procedures. On the basis of end users, the hybrid operating room market is segmented into hospitals and surgical centers, and ambulatory surgical centers. The hospitals and surgical centers segment accounted for the largest share of the global market in 2016 owing to the rising patient emphasis on timely and effective disease management, rising number of diagnostic and surgical procedures carried out at hospitals.

This report covers the hybrid operating room market value data across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America accounted for the largest share of the global market in 2016, followed by Europe. The large share in the North American region is mainly attributed to the significant investments by hospitals to upgrade their operating rooms, coupled with the increasing number of surgical procedures and ambulatory surgery centers in the region. The Asia-Pacific region is expected to register the highest growth rate during the forecast period, due to the rapid growth in the healthcare expenditure in emerging APAC countries such as China and India, which will support the adoption of advanced surgical & diagnostic technologies in their respective healthcare systems during the forecast period.

The high establishment costs and procedural risks for patients associated with hybrid ORs are the key factors restraining the growth of this market.

As of 2016, Siemens AG (Germany) dominates the market through its wide range of technologically advanced and innovative hybrid operating room products. The company adopts the strategy of agreements and partnerships to maintain its leadership position in the market.

As of 2016, other prominent players in the Hybrid Operating Room Market included Philips Healthcare (The Netherlands), Stryker Corporation (U.S.), Toshiba Corporation (Japan), GE Healthcare (U.S.),  among others.

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