Operating rooms (ORs) are one of the pivotal areas in the hospitals. The efficient use of ORs is crucial since they determine both the revenue and workload. The increase in operational efficiency will in turn help in maximizing the number of surgical cases that can be performed in a day while minimizing on the resources required and other related costs.
Strategic operating room management involves optimization of patient safety, decrease in delays with the end objective of satisfactory outcomes for both the physicians and the patients. Recently published study by BIS Research, titled, “Global Operating Room Management Solutions Market-Analysis and Forecast (2019-2029)” meticulously tracks the particular market segmented by type of solutions, mode of deployment, end-users and regions. Compiled in an insightful bunch of 200 pages including 113 figures and 35 market tables, the global operating room management solutions market report by BIS Research projects the market to grow at a significant CAGR of 6.4% during the forecast period from 2019 to 2029.
The main goal of integrating an operating room with different software is its optimization and to increase the efficiency. Different software such as operating room scheduling software, inventory management software, medical device tracking software, and report and documentation software, are being put to use.
Multiple factors drive the highly potent and progressing market. These include a rising push toward streamlining of OR workflows and increasing operational efficiency in order to meet consistently increasing surgical volume. The contribution of chronic diseases and rapidly increasing geriatric population is also significantly facilitating the growth of the market. Moreover, the market is driven with the huge gap that lies between the demand and supply of surgical services.
However, some of the major challenges that inhibit the growth of the market include high pricing of software solutions, and lack of IT proficiency amongst surgeons.
The market presents the stakeholders with numerous opportunities related to product differentiation, market expansion, and collaboration strategies.
By type of management solutions, BIS Research segments the market into operating room data management, operating room communication solutions, anesthesia information management solutions, operating room scheduling software and operating room supply chain management solutions. As of 2019, anesthesia information management solutions (AIMS) accounts for the largest revenue generation.
The global operating room management solutions market by deployment model is divided into on-premise model, on-cloud based model and web-based model. As of 2019, cloud-based solutions hold the largest share in the OR management solutions market. The market by end-users is segmented into hospitals and ambulatory surgery centers.
The regional distribution for the market includes North America, Europe, Asia-Pacific and rest-of-the-world, with the analysis of 18 countries.
The proliferation in the demand for the OR management software provides the companies with the opportunity to expand their services in the market through different strategic approaches. Some of the strategies followed by the contributors are product launches, collaborations, partnerships, and acquisitions. In the past four years (January 2015- July 2019), the market witnessed approximately 33 product launches and enhancements, 8 acquisitions, and 12 collaborations, partnerships, and agreements.
New technologies and devices are often being introduced into the complex operating room environment, enabling the integration of patient data and images for display in a timely fashion. Notable recent developments in this market include Renishaw’s integrated neurosurgery solution; RelayOne raising $500,000 in seed funding from Cofounders Capital to enhance surgical scheduling and communication; KARL STORZ introducing OR1 InWall Solution that seamlessly integrates into the OR infrastructure; Mendivis receiving FDA approval for its augmented reality surgical planning toolkit; and many more.
The future for the market is bright owing to a number of factors which include reimbursement in the U.S., decreased spending on healthcare in Europe and increasing cost of healthcare in Asia-Pacific and Middle East.
BIS Research, having an expertise in providing market intelligence in the healthcare domain, have also worked upon other titles that are related to this report. To name a few-