What is Hybrid OR?
Hybrid Operating Room, is a space that combines the traditional operating room with the intervention imaging system or instruments for high safety procedures. These OR are made for highly complex operations. Moreover, this space can be used in case of any situation to convert a minimally invasive surgery to an open procedure. This provides a smooth transaction from one surgery to another surgery without any glitch. Asia -Pacific is the growing region in this industry, as it is the rising region towards the healthcare sector.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ge Healthcare (United States), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Siemens Healthcare GMBH (Germany), Eschmann Equipment (United Kingdom), Karl Storz Gmbh & Co. KG (Germany), Maquet Getinge Group (Sweden), Mediflex (United States), Mizuho Osi (United States) and Nds Surgical Imaging, LLC (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Operating Tables, Operating Room Lights, Surgical Imaging Displays, Intraoperative Diagnostic Devices and Operating Room Communication Systems) , by application (Clinic and Hospital) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hybrid OR market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Hybrid OR market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Ge Healthcare (United States), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Siemens Healthcare GMBH (Germany), Eschmann Equipment (United Kingdom), Karl Storz Gmbh & Co. KG (Germany), Maquet Getinge Group (Sweden), Mediflex (United States), Mizuho Osi (United States) and Nds Surgical Imaging, LLC (United States).
Market Overview:
In 2021, Ge Healthcare entered the agreement to acquire BK Medical. By strengthening BK Medical even more and making use of the technology and market reach of GE, this purchase is anticipated to add value. BK Medical is anticipated by GE Healthcare to produce accelerated revenue growth, margin increase, and free cash flow expansion. By year five, GE Healthcare anticipates a high-single-digit return on invested capital.
The global hybrid OR market is fragmented with several market players who are competing with each other based on new and improved product launches with strategic collaborations. Also, the companies focused on mergers and acquisitions to enhance their global presenace as well as accelerated revenue growth, margin increase, and free cash flow expansion.
Influencing Trend:
Adoption of This Technology Has Led to the Development of New Procedures that Enable Greater Options for Patients with the Complex Disease States and Hence Act as a Trending in this Industry
Market Growth Drivers:
Increasing Demand for Safe Procedures while Operations and Increasing Number of Hospitals with These Facilities
Challenges:
Issue Related Towards the Space Requirements and Lack of Skilled Person to Operate These Equipment’s
Restraints:
High Cost of This Equipment that Needed to be Placed in these Rooms
Opportunities:
Growing Concerns Related Towards Patient Safety, Staff Efficiency and Many More is Boosting the Industry and Rising Application Such as Minimally Invasive Surgery and Advanced Medical Procedures are Making an Opportunity in this Market
Key highlights of the Global Hybrid OR market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Hybrid OR market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Hybrid OR market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Hybrid OR Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hybrid OR market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Hybrid OR market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.