The U.S. Integrated Operating Rooms Market size is anticipated to reach USD 3.72 billion by 2028, registering a CAGR of 10.1% over the forecast period, according to a new report by Grand View Research, Inc. The key factors driving the market growth include the rising number of Ambulatory Surgery Centers (ASCs), technologically advanced healthcare IT infrastructure, the growing popularity of integrated ORs, and increasing demand for minimally invasive & image-guided procedures.
For nearly 18 months during the pandemic, both
physicians and patients made decisions to defer many forms of surgery, whenever
possible. As more patients feel confident regarding considering surgery, demand
to schedule procedures at all types of hospitals and surgery centers has
increased over the recent months. Thus, impacting the market growth. In 2020,
the COVID-19 pandemic had a substantial impact on the hospitals across the U.S.
In total, the country saw a 35% reduction in surgical volume from March to July
2020, contributing to a loss of over USD 200 billion.
The U.S. medical industry depends heavily upon revenue
generated by surgical procedures. Investments in the most up-to-date equipment
and technology are a priority for hospitals to remain competitive. Presently,
these ORs comprise fully integrated systems that are fixed. Traditional ORs
help deal with video signals created by the imaging system. An integrated OR
needs several other modalities, which are used with the imaging system and
consequently require more advanced integration machinery. Moreover, various
strategic initiatives being undertaken and the presence of well-established
players, such as Stryker, STERIS, Olympus, and Skytron, are expected to fuel
the growth of the market during the forecast period.
Market players are investing in many strategic
initiatives, such as acquisitions, mergers, partnerships, and product launches,
to maintain a competitive edge. For instance, in March 2021, Brainlab announced
acquiring Mint Medical GmbH. This move provides evidence to the company’s focus
on digital health and to advance in the fields of structured diagnosis,
analysis, and treatment of cancer and other illnesses to address the demand for
modern medication and personalized treatments.
Related Press Release@ U.S. Integrated Operating Rooms Market Report
U.S. Integrated Operating Rooms
Market Report Highlights
- The market was valued at USD 1.67 billion in 2020 and is expected
to witness a growth rate of 10.1% during the forecast period
- Increasing demand for minimally invasive & image-guided
procedures and the growing popularity of integrated ORs is expected to
boost the market growth
- The hospital-based outpatient department segment led the market in
2020 owing to its increasing demand by these end-users
- On the other hand, high costs associated with integrated ORs is
estimated to hinder the market growth
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