Operating Room Management Market Size, Share & Trends by Type (OR Scheduling, Supply, Performance, Anesthesia, Data, Communication, Patient), Workflow (Pre, Intra & Post Operative), Component (Software, Service), End User (Hospital, ASC), & Region - Global Forecast to 2029
Operating Room Management Market Size, Share & Trends
The size of global operating room management market in terms of revenue was estimated to be worth $4.2 billion in 2024 and is poised to reach $7.5 billion by 2029, growing at a CAGR of 12.5% from 2024 to 2029. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.
Growth of the market is mainly driven by increasing emphasis on cost control and efficiency improvement in hospitals, growing adoption of EHRs and other HCIT solutions, and favorable government support and initiatives for healthcare. Moreover, need for interoperability and standardization, growing number of ambulatory surgical centers and rising adoption of operating room management solutions in developing countries are further driving the operating room management market growth.
Operating Room Management Market Trends
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Global Operating Room Management Market Dynamics
DRIVER: Increasing emphasis on cost control and efficiency improvement in hospitals
The rising demand for quality health services, increasing geriatric population, and growing incidence of chronic disorders are some of the reasons for accelerated overall cost of healthcare delivery. Additionally, high dependency on outdated and traditional methods including paper-based patient records which results in medical errors and increase in overall administration cost.
With the rise in healthcare costs, there is an increased strain on governments, consumers, and insurance providers. Hospitals are trying to find out ways to provide efficient services in a controlled expense. With the shift towards value-based care, healthcare facilities are focusing on providing cost effective treatment. The utilization of ORM Solutions help healthcare organizations address these issues and enables them to save costs by reducing surgical time and improving the quality of care delivered to patients. As a result, the growing emphasis on cost control and efficiency improvements in hospitals is expected to support the growth of this market in the coming years.
Restraints: High pricing and maintenance costs of ORM software
The cost of various operating room management solutions is considerably high, making it difficult for small and medium-sized healthcare organizations to implement them. One of the major obstacles impeding ORM market expansion is the high cost of maintenance and price of operating room management software. The requirement of continuous upgrades, customization and maintenance of ORM software create a great financial burden on healthcare professionals. Smaller healthcare facilities often have low budgets and may not be able to tolerate such huge expenses on ORM solutions. As integrating such advanced systems in existing hospital IT systems can be difficult for the staff and it may additionally require staff training to ensure seamless integration and improved surgical workflows.
OPPORTUNITY: Technological Advancements in hospitals
The increase in the technological advancements has led to growth opportunities in the operating room management market, as healthcare providers seek scalable and efficient solutions to cope with the growing volumes of medical procedures. Moreover, technological advancements offer healthcare organizations a comprehensive approach to address the complexities of surgical management as well as a centralized repository for storing patient data enabling seamless interoperability avoiding misconceptions and misguidance during the surgical procedures. Moreover, the growing adoption of AI and analytics integration within operating room software presents growing opportunities for enhanced automated analysis, clinical decision support, and predictive analytics. Technological advancement significantly improves surgical efficiencies for advanced and complex surgical procedures. Moreover, integration of ORM software with robotic surgeries can also create huge growth opportunities in the field.
CHALLENGE: Dearth of skilled surgeons in integrated operating rooms
Several countries across the world are witnessing the challenge of limited availability of trained or skilled healthcare professionals in operating rooms. Depending on type of surgery, there is a need for an expert in the same field to effectively handle ORM software so as to conduct efficient and successful surgery with reduced time and errors. Additionally, countries with growing economies are also experiencing limited availability of such skilled experts to handle ORM software. This negatively impacts the operating room management market by lowering the usability of ORM software. Thus, limited availability of well trained and skilled physicians, surgeons, nurses and other healthcare professionals is projected to limit the operating room management market growth in the upcoming years.
Operating room management Market Ecosystem
The operating room management market comprises firms that are responsible for delivering ORM solutions to end users through different deployment models. These vendors navigate regulatory frameworks set by government bodies like the FDA, and Office of the National Coordinator for Health Information Technology (ONC) ensuring compliance with standards and guidelines related to data security, interoperability, and patient privacy. Moreover, government bodies such as the Department of Health and Human Services (HHS) and the National Health Service (NHS) influence market dynamics through policy decisions, funding initiatives, and regulatory oversight. As these ORM solution provider enterprises continues to grow and expand by reducing the cost and improving the workload performance in ORM solutions, the demand continues to significantly bolster. Solution and service providers focus on delivering value added solutions to their customers. Several hospitals across the globe are availing ORM solutions to enhance the workflow of operating rooms and reduce the time taken to perform such activities by their medical staff. Meanwhile, end-users, comprising healthcare providers such as hospitals, ASCs, and specialty clinics, drive demand for ORM solutions to streamline workflow efficiency, improve surgical outcomes, and enhance surgical delivery. This interconnected ecosystem relies on collaboration, innovation, and adherence to regulatory requirements to ensure the seamless integration and effective utilization of ORM solutions within the healthcare landscape.
Source: Secondary Literature, Interviews with Experts, and MarketsandMarkets Analysis
The global operating room management market is segmented by type, component, delivery mode, workflow, end user, and region
By type, scheduling and workflow management solutions segment accounted for the largest share of the operating room management industry in 2023.
By type, operating room management market is segmented into scheduling and workflow management solutions, data management and communication solutions, anesthesia information management solutions, supply management solutions, performance management solutions and other types of solutions. Scheduling and workflow management solutions accounted for the largest market share in 2023. Operating room scheduling solutions provide clinicians and administrators with all the available information on each planned, ongoing, or completed surgical procedures in operating rooms. These solutions also provide information on the availability of ORs for surgeries and support the decision-making and management of all surgical procedures. They also include features for OR planning and scheduling, material management, pre-admission consultations, and documentation of operating times (pre-, intra-, and post-operative).
The cloud based delivery model is the fastest growing segment in the operating room management industry.
Based on delivery mode, the operating room management market is segmented into on-premises, and cloud/ web-based based model. The cloud-based operating room management market is poised to witness significant growth in the forecast period. These solutions eliminate the need for extensive on-premise infrastructure investments, allowing healthcare providers to scale their storage capacity and computing resources based on demand. In addition, the cloud service providers implement robust security measures, including encryption, access controls, and regular security audits, to safeguard patient information and ensure compliance with industry regulations. In recent years, many healthcare organizations have shifted from on-premise models to cloud-based models for core applications. The minimal requirement of hardware and software for using web- and cloud-based solutions helps cut down upfront installation costs, which is a major factor increasing the adoption of ORM solutions.
Ambulatory surgical centers are expected to be the fastest growing end users in the Operating room management industry in 2023.
Based on end-users, the operating room management market is segmented into hospitals, ambulatory surgical centers, ambulatory surgical centers, specialty clinics and other end-users. The ambulatory surgical centers are projected to be the fastest growing end-user segment of the operating room management market as ambulatory surgical centers (ASCs) carry out procedures for cases where post-surgery overnight stays are not mandatory. In the recent years there has been an increase in the number of surgical procedures performed in ambulatory surgical centers. Further, the total procedure costs associated with ambulatory surgical centers are lesser than that of in hospitals. Hence the cost effectiveness of surgical procedures in ASCs is one the reasons for the highest growth of ASCs.
North America accounts the largest share of operating room management industry in 2023.
Based on the region, the operating room management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2023 North America accounted for the largest share of the operating room management market due to its strong emphasis on digital transformation and interoperability, highly developed healthcare infrastructure, robust ecosystem of ORM vendors, and growing demand for surgical procedures. In addition, the growth of this market is primarily driven by significant growth in hospital expenditure, initiatives undertaken by the US Federal Government towards improving patient care and patient safety, high adoption of healthcare IT technologies, the need to reduce healthcare costs, and the growing need for the optimization of healthcare infrastructure and the large number of surgeries conducted in this region.
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Prominent players operating in operating room management market are Oracle (Cerner Corporation) (US), Epic Systems Corporation (US), Medical Information Technology (Meditech) (US), GE Healthcare(US), Surgical Information Systems (US), Becton, Dickinson And Company (US), Eclinicalworks (US), Picis Clinical Solutions Inc (US), Brainlab AG (Germany), Getinge AB (Sweden), Veradigm (Allscripts Healthcare, Llc) (US), Steris Corporation (US), Medovate Technologies, Inc. (US), Cardinal Health (US), Barco Electronic Systems Pvt Ltd (Belgium), Richard Wolf GmbH (Germany), Karl Storz (Germany), Caresyntax (US), Medicad (Switzerland), United Health Group (US), Qventus (US), Alert Life Sciences Computing S.A. (Europe), Tedisel Medical (Spain), Censis Technologies (US), and Owens & Minor (US).
Scope of the Operating Room Management Industry
|
Report Metric |
Details |
|
Market Revenue in 2024 |
$4.2 billion |
|
Projected Revenue by 2029 |
$7.5 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 12.5% |
|
Market Driver |
Increasing emphasis on cost control and efficiency improvement in hospitals |
|
Market Opportunity |
Technological Advancements in hospitals |
The study categorizes the operating room management market to forecast revenue and analyze trends in each of the following submarkets:
By Type
- Scheduling & Workflow Management Solutions
- Data Management and Communication Solutions
- Supply Management Solutions
- Anesthesia Information Management Solutions
- Performance Management Solutions
- Other Types
By Component
-
Software
- Standalone Software
- Integrated Software
-
Services
- Implementation Services
- Maintenance & Support Services
- Other Services
By Delivery Mode
- On-Premise Model
- Cloud-based/ Web-based Model
By Workflow
- Preoperative
- Intraoperative
- Postoperative
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Other End Users
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- UK
- France
- Italy
- Spain
- RoE
-
Asia Pacific
- Japan
- China
- India
- RoAPAC
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
-
Middle East and Africa
- GCC Countries
- Rest of Middle East and Africa
Recent Developments of Operating Room Management Industry:
- In February 2024, Veradigm acquired ScienceIO to leverage their AI for better data analysis, enhance customer experience across healthcare sectors, and solidify their position in healthcare data intelligence, ultimately aiming to improve patient outcomes.
- In April 2023, Medical Information Technology signed agreement with Canada Health Infoway. With the help of this PrescribeIT agreement, Canadian prescribers can electronically send a prescription to the patient's preferred pharmacy straight from the Expanse EHR.
- In December 2022, Epic Systems Corporation launched the Connection Hub that simplifies interoperability for third-party applications. This platform empowers vendors to showcase their Epic-compatible solutions and self-report successful data exchange capabilities. Epic customers can leverage the Hub to discover and evaluate relevant applications, fostering a more robust and integrated healthcare ecosystem.
Frequently Asked Questions (FAQ):
Which are the top industry players in the Operating room management market?
Prominent players in the Operating room management market Oracle (Cerner Corporation) (US), Epic Systems Corporation (US), Medical Information Technology (Meditech) (US), GE Healthcare(US), Surgical Information Systems (US), Becton, Dickinson And Company (US), eClinicalWorks (US), Picis Clinical Solutions Inc (US), Brainlab AG (Germany), Getinge AB (Sweden), Veradigm (Allscripts Healthcare, LLC) (US), Steris Corporation (US), Medovate Technologies, Inc. (US), Cardinal Health (US), Barco Electronic Systems Pvt Ltd (Belgium), Richard Wolf GmbH (Germany), Karl Storz (Germany), Caresyntax (US), Medicad (Switzerland), United Health Group (US), Qventus (US), Alert Life Sciences Computing S.A., (Europe), Tedisel Medical (Spain), Censis Technologies (US), and Owens & Minor (US).
Which geographical region is dominating in the Operating room management market?
The operating room management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds the largest share and APAC registers the highest growth during the forecast period in the operating room management market. .
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The study involved five major activities to estimate the current size of the operating room management market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for the study of operating room management market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
Extensive primary research was conducted after acquiring basic knowledge about the global operating room management market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand side (Hospital directors, Hospital Vice Presidents, Department heads, IT heads, operating room managers, OR system administrators, surgical services directors and Critical care specialists among others ) and supply side (such as C-level and D-level executives, technology experts, product managers, marketing and sales managers, among others) across five major regions—North America, Europe, the Asia Pacific, Latin America, Middle East, and Africa. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.
The following is a breakdown of the primary respondents:
Breakdown of Primary Participants:
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tiers of companies are defined on the basis of their total revenues in 2023. Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the Operating room management market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Operating Room Management Market Size: Bottom-Up Approach
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Global Operating Room Management Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the operating room management market.
Market Definition:
Operating room management comprises different software solutions that enable the smooth running of an operating room. These solutions boost the efficiency and effectiveness of operating rooms by optimizing workflow management, resource allocation, patient safety, and communication among surgical teams. These majorly include scheduling and workflow management, data management and communication, supply management, and performance management solutions among others.
Key Stakeholders:
- Operating Room Software and Service Providers
- Government Agencies
- Healthcare Startups, Consultants, and Regulators
- Healthcare Providers
- Clinical/Physician Centers
- Surgeons, Physicians, Operating Room Staff
- Health IT service Providers
- Healthcare Associations/Institutes
- Hospitals (Public and Private)
- Ambulatory Care Centers
- Academic Medical Institutes
- Venture Capitalists
- Distributors and Resellers
- Maintenance and Support Service Providers
- Integration Service Providers
- Data Security and Privacy Experts
Report Objectives
- To define, describe, and forecast the global operating room management market based on type, component, delivery mode, workflow, end user, and region.
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall Operating room management market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
- To strategically analyze the market structure profile the key players of the Operating room management market and comprehensively analyze their core competencies.
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- To track and analyze competitive developments such as product launches and enhancements and investments, partnerships, collaborations, acquisitions, expansions, agreements, sales contracts, and alliances in the Operating room management market during the forecast period.
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 each company.
- Geographic Analysis: Further breakdown of the Latin American operating room management into specific countries and, the Middle East, and Africa operating room management into specific countries and further breakdown of the European operating room management into specific countries
Generating Response ...
Growth opportunities and latent adjacency in Operating Room Management Market