Operating Room Management Market: Market Segments: By Component (Software and Services); By Solutions (Data Management and Communication, Anesthesia Information Management, Operating Room Supply Management, Operating Room Scheduling, Performance Management and Others); By Deployment Type (On-premises, web-based and Cloud-based); By End User (Hospitals and Ambulatory surgery centers); and Region – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Significant feature of the medical facility is the operation rooms. In order to achieve high performance production and ensure patient safety, management of operating rooms is important. Operating room management provides a secure, efficient, and organized atmosphere while keeping an eye on costs. OR management can be defined as organizing the components of the surgical suite, minimizing patient delays, and ensuring an efficient workspace for all staff.
Market Highlights
Operating Room Management Market is expected to project a notable CAGR of 11.6% in 2030.
Operating Room Management Market to surpass USD 5.8 billion by 2030 from USD 2.1 billion in 2019 at a CAGR of 11.6% throughout the forecast period, i.e., 2020-30. Operating room management includes software-based solutions that allow operating rooms to operate properly and help increase overall operating room productivity and performance. The increase in the geriatric population worldwide has contributed to the prevalence of numerous disorders. Management of the operating room aims at optimizing operational efficiency by growing the number of surgical procedures performed and minimizing the required resources.
Operating Room Management Market: Segments
Software segment to grow with the highest CAGR during 2020-30
Operating Room Management Market is segmented by component as software and services. The greater market share in 2019 was accounted by software segment and the segment is also expected to grow at the highest CAGR during the forecast period. The increasing installation of ORM software can be attributed to the large share and fast growth. During the forecast period, the software segment of the market is anticipated to record a healthy CAGR.
Operating Room Management Market: Market Dynamics
Drivers
Increasing Number of Surgical Procedures
The key driving factors for the growth of the operating room management market are developments in technology such as robot-assisted surgeries, a growing number of minimally invasive surgeries, and an increasing tendency towards non-invasive surgical procedures.
Restrain
High pricing and maintenance costs of ORM software
Its high installation and maintenance costs have especially affected the adoption of ORM solutions. When installed, ORM software often needs to be periodically updated according to the specifications of the user and software upgrades, thereby posing recurring expense. Additionally, it usually costs more than the programme itself to maintain high-end IT-enabled systems.
Operating Room Management Market: Key Players
• Becton, Dickinson and Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Steris
• DXC Technology company
• CERNER
• Omnicell
• McKesson
• Optum
• Nexus AG
• Getinge
Operating Room Management Market: Regions
Operating Room Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Operating Room Management Market in North America held the largest market share of XX.X% in the year 2019 due to the emergence of a large number of well-established industry players, a rapid rise in investment, and a strong tendency towards minimally invasive approaches. In addition, the enormous availability of funds for the growth of the healthcare sector, the high acceptance of technological innovations, the increase in the prevalence of chronic diseases, the increase in patient visits to doctors, etc., are driving the North American operating room management industry. The APAC market is expected to expand over the next five years at the highest CAGR. The need to minimize healthcare costs, the rising number of patients and the increasing need for effective diagnosis and treatment of diseases are driving the region's market development.
Operating Room Management Market report also contains analysis on:
Operating Room Management Market Segments:
By Component:
• Software
• Services
By Solutions:
• Data management and communication solutions
• Anesthesia information management systems
• Operating room supply management solutions
• Operating room scheduling solutions
• Performance management solutions
• Other
By Deployment Model:
• On-premises
• Cloud -based
• Web-based
By End User:
• Hospitals
• Ambulatory surgery centers
• Operating Room Management Market Dynamics
• Operating Room Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Operating Room Management Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Operating Room Management Market
· What could be the challenging factors in the growth of Operating Room Management Market
· What are the growth drivers for the Operating Room Management Market
Contents
1. Executive Summary
2. Operating Room Management Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Operating Room Management Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Operating Room Management Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Operating Room Management: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Solutions: Market Share (2020-2030F)
12.3.1. Data management and communication, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Anesthesia information management systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Operating room supply management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Operating room scheduling, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.5. Performance management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Deployment Model: Market Share (2020-2030F)
12.4.1. Cloud-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. On-premises, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Web-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5 By End User: Market Share (2020-2030F)
12.5.1. Hospitals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.2. Ambulatory surgery centers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Becton, Dickinson and Company
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Steris
13.3. DXC Technology company
13.4. CERNER
13.5. Omnicell
13.6. McKesson
13.7. Optum
13.8. Nexus AG
13.9. Getinge
13.10. Brainlab
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
|
|
Influencing Factors |
|
|
Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
|
|
Market Position of Top Company |
|
|
Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
|
|
Total Market |
|
|