Hybrid Operating Room Market, By Component (Angiography Systems, MRI Systems, CT Scanners Services, Intraoperative, Operating Room Fixtures, Surgical Instruments and Other), By Application (Cardiovascular Application, Neurosurgical Application, Thoracic Application, Orthopedic Application, and Other Applications), By End-User (Hospitals, Medical Research Firms, Clinics, and Others) and By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2020-26
- Published Date: March 2020
- Report ID: BWC19414
- Available Format: PDF
- Page: 185
Report Overview
Global Hybrid Operating Room Market Forecast and Trends
The Hybrid Operating Room Market has reached USD 0.80 Billion in 2019 and predicted to reach USD 1.748 Billion, growing at a significant CAGR of 11.91% during the forecast period from 2020-2026. Major factors driving market growth include the increasing proliferation of minimally invasive surgical procedures and continuing technological advances.
A hybrid operating room is an operating theatre, fitted with medical imaging equipment such as fixed C-Arms, CT scanners, or MRI scanners. It combines the imaging capabilities installed with a fully functional operative room. Increasing numbers of patients undergoing cardiac, renal, neurological, oncological treatments have upsurge enormous demand for efficient and advanced healthcare infrastructure that drives demand in the market. Numerous recent advancement have again led to market growth in minimally invasive treatments, imaging techniques, and medical procedures. The hybrid operating room has become a must-have facility in hospitals over the past few years, which is projected to lead market growth over the forecast period from 2020-2026. In the hybrid operating room, surgeons can perform different treatments simultaneously and at the same place for the same patient. Increasing demand in the global healthcare sector for technologically advanced operating rooms and equipment adds fuel to the development of the worldwide hybrid operating rooms market. High costs of the hybrid operating room, however, could impede market growth during the forecast.
Global Hybrid Operating Room Market Overview:
A hybrid operating room combines an operating room's capabilities with interventional imaging technologies. The hybrid operating room can be used with the combination of surgical facilities and imaging systems in one room for traditional open surgery, image-guided surgery, or a combination of procedural types, offering greater flexibility and space utility.
The hybrid operating room provides numerous benefits to patients, physicians, and organizations involved in health care. Specifically, state-of-the-art hybrid operating rooms enable the delivery of a wide range of less invasive than conventional surgical procedures and provide patients with faster recovery times. For instance, in the hybrid operating room, complex cardiovascular and endovascular conditions, which previously required open-heart surgery, are now being identified and treated with less invasive surgery. Various hybrid procedures can be carried out with a portable e-arm, as well as optimum imaging and technological flexibility in a hybrid operating room.
Growth drivers
Continuous technological advancement drives the global demand for hybrid operating room
Advanced technologies keep pushing limits and changing the way teams do surgical treatment. Most of the high-tech devices are touch operated in the Operating Room. The future of the Operating Room will also give the surgical team innovative ways of interacting with devices and software with new, touchless remote control methods being built for everyday devices. Most High-Tech operating room systems are touch-controlled. The future of the operating room with innovative, touchless apps control methods being developed for everyday tools. The surgical team will also be offering new ways to interact with the devices and software. The hospital environment has the potential to attain a higher degree of automation as well. Particularly surgical workflows, which still consist of a wide range of mostly manual tasks, would greatly benefit from automation.
Minimally Invasive Surgeries to drive the global demand for Hybrid Operating Room
Hybrid Operating Room combines traditional surgical equipment with endovascular imaging equipment for many medical fields to promote a variety of new surgical events. Europe has very few hybrid operating rooms as opposed to developed markets such as North America. This will improve, as hybrid ORs promote complex surgery while reducing periods of hospitalization.
Restraints
The high cost of the hybrid operating room
The high cost of the operating room is hindering the market growth during the forecast period of, as a hybrid OR, on average, costs between USD 3 & 4 million to assemble, as it can be fitted with up to 100 different medical devices. The room contains, by default, a fixed angiographic imaging system, wall-or boom-mounted display monitors, and a heart-lung bypass machine. This takes up to 1,400 square feet of space to accommodate all the equipment–about twice the size of a regular operating room.
Global Hybrid Operating Room Market: By Component
Based on the Component, the Hybrid Operating Room market segmented into Angiography Systems, MRI Systems, CT Scanners Services, Intraoperative, Operating Room Fixtures, Surgical Instruments, and Other. The intraoperative segment is expected to grow at the highest rate during the forecast period. Due to the increased installation of hybrid ORs across major economies, significant installation costs associated with diagnostic imaging products, continuous integration, and automation of operating room workflows and ongoing technological advances in the field of diagnostic imaging.
Global Hybrid Operating Room Market: By Application
Based on the Application, the Hybrid Operating Room market segmented into Cardiovascular Application, Neurosurgical Application, Thoracic Application, Orthopedic Application, and Other Applications. The cardiovascular surgery segment is the largest shareholder in the global market share of hybrid operating rooms due to increased incidence and prevalence of cardiovascular diseases, improved endovascular procedures during cardiovascular surgery, and increased demand for minimally invasive surgery.
Global Hybrid Operating Room Market: By End-User
Based on the End-User, the Hybrid Operating Room market segmented into Hospitals, Medical Research Firms, Clinics, and Others. Hospital segment is projected to grow at higher CAGR during the forecast year due to increasing patient attention on time, effective management of disease, and the rising number of hospitals and surgical centers in developing countries. It is also predicted that substantial healthcare expenditure and increased government and private investment in infrastructure for healthcare facilities would set the best course for the sector to expand.
Global Hybrid Operating Room Market: Regional insights
By geography, the Global Hybrid Operating Room Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to grow at a significant rate during the forecast horizon, owing to significant investments by hospitals to upgrade their operating rooms, an increasing number of surgical procedures, and ambulatory surgery centers in the region. Besides, the presence of advanced medical and healthcare infrastructure is expected to boost market growth during the forecast period.
Hybrid Operating Room Market: Competitive Landscape
Notable players operating in the Hybrid Operating Room market are Koninklijke Philips N.V., Toshiba Corporation, Siemens AG, Alvo Medical, Mizuho Corporation, SISCO, General Electric Company, Trumpf Medical, Stryker Corporation, NDS Surgical Imaging, Steris PLC., Imris, Deerfield Imaging, Getinge AB, Eschmann Equipment (A Part of Steris PLC.), Skytron LLC, Johnson & Johnson, Cook Medical Inc., and Other Prominent Players.
Recent Developments:
In February 2020, Siemens to acquire Iberdrola's stake in Siemens Gamesa Renewable Energy.
In January 2020, Siemens to acquire C&S Electric in India to meet growing electrification needs.
The objective of the Study:
To analyze and forecast the global Hybrid Operating Room market size of the market in terms of value.
To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Hybrid Operating Room market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.
To outline, categorized, and forecast the global Hybrid Operating Room market based on the components, applications, and end-user.
To examine competitive developments like technological advancement, services, and regulative framework within the global Hybrid Operating Room Market.
To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Scope of the Report
|
Attribute |
Details |
|
Years Considered |
Historical data – 2016-2019 |
|
Base Year – 2019 |
|
|
Forecast – 2020 – 2026 |
|
|
Facts Covered |
Revenue in USD Million/Billion |
|
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
|
Product/Service Segmentation |
By Component, Application, and End-user |
|
Key Players |
Koninklijke Philips N.V., Toshiba Corporation, Siemens AG, Alvo Medical, Mizuho Corporation, SISCO, General Electric Company, Trumpf Medical, Stryker Corporation, NDS Surgical Imaging, Steris PLC., Imris, Deerfield Imaging, Getinge AB, Eschmann Equipment (A Part of Steris PLC.), Skytron LLC, Johnson & Johnson, Cook Medical Inc.and other prominent players. |
By Component
· Angiography Systems
· MRI Systems
· CT Scanners Services
· Intraoperative
· Operating Room Fixtures
· Surgical Instruments
· Other
By Application
· Cardiovascular Application
· Neurosurgical Application
· Thoracic Application
· Orthopedic Application
· Other Applications
By End-User
· Hospitals
· Medical Research Firms
· Clinics
· Others
By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
1. Research Framework
1.1. Research Objective
1.2. Component Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Types
2.2. Quantitative Research
2.2.1. Primary & Secondary Types
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption for The Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Hybrid Operating Room Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company Market Share Analysis, 2019
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
5. Global Hybrid Operating Room Market Overview
5.1. Market Size & Forecast, By Value, 2016-2026
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Component
5.2.1.1. Angiography Systems
5.2.1.2. MRI Systems
5.2.1.3. CT Scanners Services
5.2.1.4. Intraoperative
5.2.1.5. Operating Room Fixtures
5.2.1.6. Surgical Instruments
5.2.1.7. Other
5.2.2. By Application
5.2.2.1. Cardiovascular Application
5.2.2.2. Neurosurgical Application
5.2.2.3. Thoracic Application
5.2.2.4. Orthopedic Application
5.2.2.5. Other Applications
5.2.3. By End-User
5.2.3.1. Hospitals
5.2.3.2. Medical Research Firms
5.2.3.3. Clinics
5.2.3.4. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. Latin America
5.2.4.5. Middle East & Africa
6. North America Hybrid Operating Room Market
6.1. Market Size & Forecast, By Value, 2016-2026
6.1.1. By Value (USD)
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Application
6.2.3. By End-User
6.2.4. By Country
6.2.4.1. U.S
6.2.4.2. Canada
7. Europe Hybrid Operating Room Market
7.1. Market Size & Forecast, By Value, 2016-2026
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Application
7.2.3. By End-User
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. U.K
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Rest of Europe
8. Asia Pacific Hybrid Operating Room Market
8.1. Market Size & Forecast, By Value, 2016-2026
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Application
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of Asia Pacific
9. Latin America Hybrid Operating Room Market
9.1. Market Size & Forecast, By Value, 2016-2026
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Application
9.2.3. By End-User
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Argentina
9.2.4.4. Rest of Latin America
10.Middle East & Africa Hybrid Operating Room Market
10.1. Market Size & Forecast, By Value, 2016-2026
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Application
10.2.3. By End-User
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
11.Company Profile (Company Overview, Financial Matrix, Component landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
11.1. Koninklijke Philips N.V.
11.2. Toshiba Corporation
11.3. Siemens AG
11.4. General Electric Company
11.5. Stryker Corporation
11.6. Steris PLC.
11.7. Imris, Deerfield Imaging
11.8. Getinge AB
11.9. Trumpf Medical (A Subsidiary of Hill-Rom Holdings, Inc.)
11.10. Alvo Medical
11.11. Mizuho Corporation
11.12. SISCO
11.13. Eschmann Equipment (A Part of Steris PLC.)
11.14. NDS Surgical Imaging (A Part of Novanta, Inc.)
11.15. Skytron LLC
11.16. Johnson & Johnson
11.17. Cook Medical Inc.
11.18. Other Prominent Players
List of Figures
Fig: Global Hybrid Operating Room Segmentation
Fig: Global Hybrid Operating Room Market Value Chain Analysis
Fig: Company Market Share Analysis, 2019
Fig: Global Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: Global Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: Global Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: Global Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: Global Hybrid Operating Room Market Share, By Region, By Value, 2016-2026
Fig: North America Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: North America Hybrid Operating Room Market Y-o-Y Growth, By Value, 2017-2026
Fig: North America Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: North America Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: North America Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: North America Hybrid Operating Room Market Share, By Country, By Value, 2016-2026
Fig: Europe Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: Europe Hybrid Operating Room Market Y-o-Y Growth, By Value, 2017-2026
Fig: Europe Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: Europe Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: Europe Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: Europe Hybrid Operating Room Market Share, By Country, By Value, 2016-2026
Fig: Asia-Pacific Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: Asia-Pacific Hybrid Operating Room Market Y-o-Y Growth, By Value, 2017-2026
Fig: Asia-Pacific Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: Asia-Pacific Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: Asia-Pacific Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: Asia-Pacific Hybrid Operating Room Market Share, By Country, By Value, 2016-2026
Fig: Latin America Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: Latin America Hybrid Operating Room Market Y-o-Y Growth, By Value, 2017-2026
Fig: Latin America Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: Latin America Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: Latin America Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: Latin America Hybrid Operating Room Market Share, By Country, By Value, 2016-2026
Fig: Middle-East & Africa Hybrid Operating Room Market Size, By Value (USD Billion), 2016-2026
Fig: Middle-East & Africa Hybrid Operating Room Market Y-o-Y Growth, By Value, 2017-2026
Fig: Middle-East & Africa Hybrid Operating Room Market Share, By Component, By Value, 2016-2026
Fig: Middle-East & Africa Hybrid Operating Room Market Share, By Application, By Value, 2016-2026
Fig: Middle-East & Africa Hybrid Operating Room Market Share, By End-User, By Value, 2016-2026
Fig: Middle East & Africa Hybrid Operating Room Market Share, By Country, By Value, 2016-2026
List of Tables:
Table: Global Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: Global Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: Global Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: Global Hybrid Operating Room Market Size, By Region, By Value, 2016-2026
Table: North America Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: North America Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: North America Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: North America Hybrid Operating Room Market Size, By Country, By Value, 2016-2026
Table: Europe Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: Europe Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: Europe Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: Europe Hybrid Operating Room Market Size, By Country, By Value, 2016-2026
Table: Asia-Pacific Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: Asia-Pacific Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: Asia-Pacific Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: Asia-Pacific Hybrid Operating Room Market Size, By Country, By Value, 2016-2026
Table: Latin America Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: Latin America Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: Latin America Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: Latin America Hybrid Operating Room Market Size, By Country, By Value, 2016-2026
Table: Middle-East & Africa Hybrid Operating Room Market Size, By Component, By Value, 2016-2026
Table: Middle-East & Africa Hybrid Operating Room Market Size, By Application, By Value, 2016-2026
Table: Middle-East & Africa Hybrid Operating Room Market Size, By End-User, By Value, 2016-2026
Table: Middle East & Africa Hybrid Operating Room Market Size, By Country, By Value, 2016-2026
Table: Koninklijke Philips N.V. Financial Analysis
Table: Toshiba Corporation Financial Analysis
Table: Siemens AG Financial Analysis
Table: Alvo Medical Financial Analysis
Table: Mizuho Corporation Financial Analysis
Table: SISCO Financial Analysis
Table: General Electric Company Financial Analysis
Table: Trumpf Medical Financial Analysis
Table: Stryker Corporation Financial Analysis
Table: NDS Surgical Imaging Financial Analysis
*Financial Information of non-listed companies will be provided as per the availability
**The segmentation and the companies are subjected to modification based on in-depth secondary for the final deliverable.
Market Segmentation
By Component
· Angiography Systems
· MRI Systems
· CT Scanners Services
· Intraoperative
· Operating Room Fixtures
· Surgical Instruments
· Other
By Application
· Cardiovascular Application
· Neurosurgical Application
· Thoracic Application
· Orthopedic Application
· Other Applications
By End-User
· Hospitals
· Medical Research Firms
· Clinics
· Others
By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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