Growing Number of Geriatric Population to Benefit the Global Operating Room Management Market
Published On : Nov 22, 2018 | Category : Healthcare
The global operating room management market is expected to gain traction due to increasing focus on cost control and improving efficiency of operating rooms. Growing cost of healthcare and growing investment for improving the infrastructure of healthcare are some of the problems for the hospitals. Though, achieving patient satisfaction is a milestone for these hospitals and caregivers due to growing patient-centric approach is leading to make the circumstances more difficult. The operating room management systems helps to reduce the complications; thus, the adoption of the operating room management system and likely to fuel growth of the market.
Additionally, the growing number of surgeries due to growing number of geriatric population which are more susceptible for number of diseases is fuelling adoption of operating room management system and likely to boost growth of the market.
However, high cost of installation and maintenance is restraining growth of the global operating room management systems market. Additionally, a technical limitations such as concerns over the security due to protocols is limiting growth of the market. Nonetheless, growing research and development (R&D) activities for improvement of product and advancement of features.
According to TMR, the global operating room management market is expected to reach valuation of US$3,600 mn in 2022 and is expected to expand with a steady CAGR over the forecast period.
The companies such as Becton, Omnicell, Inc., Dickinson and Company, Allscripts Healthcare Solutions, Inc., and Getinge AB.
North America to Account for Leading Share in the Revenue of Global Operating Room Management Market
The market in North America is leading to account for the leading share in the global operating room management market and this trend is expected to help for sustaining itself throughout the forecast period. North America market of operating room management is the most attractive market, and expected to witness growth with a robust CAGR in the years to come.
Solutions Segment to Collect Revenue of US$ 925 mn by End of 2022
The solutions segment is expected to attain value of US$925 mn in the year 2022. The solutions segment is projected to account for more than 25% of the revenue share followed by the component segment by the end of the year 2017 and is probable to lose in market share by the end of 2022 over 2017.
Data Management and Communication Solutions Segment to expand with CAGR of 11% over the Assessment Period
According to TMR, the data management and communication solutions segment is composed to attain value of US$1,300 mn by the year 2022. This growth signifies a CAGR of 11% over the forecast period from 2017 to 2022. The data management and communication solutions segment is projected to account for leading share of one-third in the revenue of application type segment.
Conclusion: TMR observes, the operating room management market has highly competitive vendor landscape and is expected to witness growth with robust CAGR. This growth of the operating room management market is attributable to the growing patient centric approach coupled with growing number of geriatric population is fuelling growth of the market.